As the global economy recovers from the disruptive effects of the pandemic, the need to reduce overheads, collect payments, and grow a business with robust cash flows has become a top priority for organizations. In response, the market for accounts receivable solutions and services is undergoing a significant expansion. The global accounts receivable market is expected to grow from USD 3.3 billion in 2022 to USD 6.5 billion by 2027 at a CAGR of 14.2 percent.
This market growth is propelled by companies seeking methods for improving their working capital function to build business resilience and better prepare for future disruptions. Companies are also increasingly digitalizing their payment and invoicing operations for faster invoice processing and reduced delays in payment collection, further driving the growth of the accounts receivable market.
This edition of Insurance CFO Tech Outlook shines light on the key developments in the accounts receivable space and how organizations are leveraging the latest tech solutions and services to streamline their payments, invoicing, and other financial operations. It features thought leadership articles from Jakub Chrzanowski, Head of Client Services Account Management, ING Bank Slaski, ING Poland, and Brad Agee, Vice President-Accounts Receivable Manager, Amegy Bank. They speak about how the digitalization of corporate treasury processes has the ability to ease corporate finance management for organizations and dispel unfavorable notions about account receivable financing to showcase its role in optimizing business cash flows.
Along with these, the edition features Debt Recovery Resources, a company bringing a suite of financial management services that includes accounts receivable management, commercial debt recovery, asset and liability investigations, and legal forwarding. With a two-pronged approach, Debt Recovery Resources aids organizations in streamlining their invoicing operations while ensuring improved payment collection rates.
In this edition featuring top accounts receivable solutions providers and service companies, we hope you find the appropriate company to enhance and optimize your payments and invoicing requirements.
