The Europe Cash Management System Market would witness market growth of 13% CAGR during the forecast period (2019-2025). The advanced money management systems deliver a connected experience to companies. Such systems help companies simplify and streamline an organization's financial processes, and provide business operations with extensibility and real-time integration. In addition, they allow organizations to leverage their working capital, which is expected to be a catalyst in market growth over the coming years. Money management systems can be used easily and have intuitive user interfaces which enable risk management and process integration points to be programmed. Such systems, combined with their intuitive user interfaces, allow users to access multiple channels. Given the availability of various advantages such as simplicity, lower operating risk, and effective predictability, these systems are widely accepted.
In the financial sector, the integration of machine learning (ML) and artificial intelligence (AI) technologies is projected to generate growth opportunities for the industry over the forecast period. AI and ML systems help businesses produce the most reliable predictions for the money flow. As these technologies can be easily integrated with accounting systems, enterprise resource planning (ERP) systems, and bank management systems, the AI and ML enabled solutions are widely adopted by businesses. The ML and AI algorithms process data sets for reliable and detailed money flow predictions, including seller invoices, customer invoices, and bank statement inflows/outflows.
Based on Component, the market is segmented into Solution and Services. Based on Operation Type, the market is segmented into Balance & Transaction Processing, Cash Flow Forecasting, Corporate Liquidity Management, Payables & Receivables and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on End User, the market is segmented into Banks, Retail, Non-Banking Financial Corporations and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Cash Management System Market in Europe is expected to register a CAGR of 13% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infosys Limited, Oracle Corporation, Giesecke & Devrient GmbH, The Sage Group PLC (Intacct Corporation), Glory Ltd. (Glory Global Solutions, Inc.), NTT Data Corporation, HCL Technologies Ltd. (HCL Enterprises), Aurionpro Solutions Limited, Intimus International Group, and Finastra Group Holdings Limited (Vista Equity Partners).
Market Segmentation:
By Component
By Operation Type
By Organization Size
By Deployment Type
By End User
By Country
Companies Profiled
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