The global cash management system market size is expected to
reach USD 25.37 billion by 2027, registering a CAGR of 12.6% from 2020 to 2027,
according to a new report published by Grand View Research, Inc. The growth can
be attributed to the increasing adoption of cash management systems by
organizations to accurately predict their flow of money. These systems help
businesses prevent and mitigate any fraudulent activity using fraud prevention
strategies, which is expected to further fuel the demand.
The substantial traction in digital
transformation has impacted the way organizations interact with their network
banks and manage cash. The digital cash management systems allow businesses to
gain high visibility into their financial health. The growing focus on managing
business profits has accelerated the market growth.
The advanced money management systems offer
businesses with a connected experience. These systems help businesses automate
and streamline the financial functions of an organization and offer
extensibility and real-time integration of business operations. Moreover, they
allow organizations to optimize their working capital, which is instrumental in
driving the market growth over the forecast period.
The money management systems are easy to use
and have intuitive user interfaces, which allows the programming of risk
management and process integration points. These systems, coupled with its
intuitive user interfaces, permits multi-channel access to users. These systems
are widely adopted, owing to various benefits, such as transparency, lower
operational risk, and effective predictability.
Browse full research report on Cash
Management System Market: https://www.grandviewresearch.com/industry-analysis/cash-management-system-market
Further key
findings from the report suggest:
- The solution segment is expected to continue
its dominance over the forecast period as wide usage of the component in
businesses for managing liquidity, mitigating risks, and ensuring payment
security
- The cash flow forecasting segment is expected
to register the highest CAGR over the forecast period. This type of
operations automate the collection of money flow data from all sources and
provides real-time visibility and forecasts through a suite of dashboards,
reports, and analytical tools
- Cloud is expected to witness significant
growth over the forecast period. This deployment type offers various
benefits, such as a virtually infallible computer support network and
independent data-mining, and reporting capability
- The large enterprises segment is expected to
continue its dominance over the forecast period. These enterprises are
widely adopting cash management systems to improve their liquidity
management
- As cash volume continues to grow across the
globe, cash management systems are expected to gain significant traction
in the banking sector
- Increased spending on the establishment of
SMEs in Asia Pacific is expected to fuel the cash management system market
growth over the forecast period
- Key market players include Intacct
Corporation, NTT Data Corporation, Sopra Banking Software SA, Giesecke
& Devrient GmbH, and Oracle Corporation
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/cash-management-system-market/request/rs1
Grand
View Research has segmented the global cash management system market on the
basis of component, operation type, deployment, enterprise size, end use, and
region:
Cash
Management System Component Outlook (Revenue, USD Billion, 2016 - 2027)
- Solution
- Service
Cash
Management System Operation Type Outlook (Revenue, USD Billion, 2016 - 2027)
- Balance &
Transaction Reporting
- Cash Flow
Forecasting
- Corporate Liquidity
Management
- Payables
- Receivables
- Others
Cash
Management System Deployment Outlook (Revenue, USD Billion, 2016 - 2027)
- Cloud
- On-premise
Cash
Management System Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2027)
- Large Enterprises
- Small & Medium
Enterprises
Cash
Management System End-Use Outlook (Revenue, USD Billion, 2016 - 2027)
- Banks
- Retail
- Non-Banking
Financial Corporations
- Commercial
Enterprises
Cash
Management System Regional Outlook (Revenue, USD Billion, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East &
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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ReplyDeleteThe cash management system market refers to the market for software solutions and platforms designed to help businesses efficiently manage their cash flow, liquidity, and working capital. These systems typically offer features such as cash forecasting, cash position monitoring, payment processing, bank account reconciliation, and liquidity optimization.
ReplyDeleteThe cash management system market comprises a mix of established software vendors and newer entrants offering a range of solutions. These solutions vary in terms of functionality, scalability, deployment options (on-premises or cloud-based), and integration capabilities.