The Accounts Receivable Automation Market is valued at USD 3.04 billion in 2024 and is expected to grow at a CAGR of 11.84%, reaching USD 5.62 billion by 2029. This dynamic market, part of the broader fintech industry, focuses on automating and optimizing the management and collection of payments owed to businesses. It includes software solutions for invoicing, payment reminders, reconciliation, and credit management. By adopting automation, companies can accelerate cash flow, reduce administrative costs, minimize errors, and enhance efficiency in their accounts receivable processes.
