Bank Reconciliation Software Market Predicted to Witness Sustainable Evolution in Coming Decade | ReconArt, SmartStream, BlackLine

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The Bank Reconciliation Software Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2027). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.

Major Players are:

ReconArt, SmartStream, BlackLine, Adra, Fiserv, SAP, Flatworld Solutions Pvt. IStream Financial Services, Aurum Solution, AutoRek, Trintech, Fund Recs, Oracle,

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Definition:

Bank Reconciliation software enables a user to know which transactions are outstanding, which checks have cleared which bank accounts contain what amounts, and exactly where the money is. Moreover, it also allows for reconciliation between the ERP system and bank account. The software allows companies to reconcile bank account transactions from their general ledger control account with ERP data, which has hit their bank account. All relevant banking data is reconciled through one central reliable tool. Growing implementation of customer-centric banking solutions is one the key driver booming the growth of the market.

On 19 March 2019, VersaPay Corporation, a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated collections and cash application, announced that it has launched a new module on the ARC platform that offers enhanced cash application and bank reconciliation capabilities powered Cashbook.

Market Trends:

Growing Popularity of Cloud-based Solutions

The emergence of Artificial Intelligence and Machine Learning

 

Market Drivers:

Growing Implementation of Customer-Centric Banking Solutions

Rising Requirement for Standardized Activities in Banks

Increasing Numbers of Transaction Worldwide Is Likely To Drive the Demand for the Secure Solutions

 

Years considered for this report:

  • Historical Years: 2015-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Period: 2020-2027

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Current Scenario Analysis for Decision Framework

Key Strategic Developments in Bank Reconciliation Software Market:

The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

Key Market Features in Global Bank Reconciliation Software Market

The report highlights Bank Reconciliation Software market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Bank Reconciliation Software market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

Significant Facets concerning the Report:

– Bank Reconciliation Software Market Summary

-Fiscal Effect on Economy

-Bank Reconciliation Software Market Competition

-Bank Reconciliation Software Market Analysis by Application

-Industrial Chain, Down-stream Buyers and Sourcing Strategy

-Distributors/Traders, Marketing Strategy Analysis

-Facets, Market Effect, Diagnosis

-Market Forecast

-The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Bank Reconciliation Software Market have also been included in the study.

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Extract from Table of Content:

Chapter 01 – Executive Summary

1.1 360 Degree Synopsis

1.2 Market value (US$ million).

Chapter 02 – Market Overview

Chapter 03 – Key Success Factors

3.1 Strategies adopted by key market participants and factors that have turned into success.

3.2 Additional viewpoint on global average pricing analysis benchmark, and consumer’s sentiments’ analysis.

Chapter 04 – Covid-19 Crisis Analysis on Bank Reconciliation Software Market

Chapter 05 – Global Bank Reconciliation Software Market – Pricing Analysis

Chapter 06 – Bank Reconciliation Software Market Background

6.1 Macroeconomic factors affecting the Bank Reconciliation Software market

6.2 Explore supply chain and value chain analysis.

6.3 In-depth information about the market dynamics and their consequences.

Chapter 07 — Bank Reconciliation Software Market Segmentation

Chapter 08 – Key and Emerging Countries Analysis in Bank Reconciliation Software Market

Chapter 09 – Bank Reconciliation Software Market Structure Analysis

Chapter 10 – Bank Reconciliation Software Market Competitive Analysis

10.1 Market Concentration Rate
10.2
 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
10.3
 Heat Map Analysis
10.4
 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]

Chapter 11 – Assumptions and Acronyms

Chapter 12 – Research Methodology

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Key Questions Addressed in the Report

  • Who are the top 20 players operating in the Bank Reconciliation Software market?
  • What covers the drivers, restraints, opportunities, and challenges in the Bank Reconciliation Software industry?
  • What are the growth trends in the market at the segmental and overall market levels?
  • Which are the untapped emerging regions in the Bank Reconciliation Software market?
  • What are the recent application areas in the market?

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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