Visiongain has published a new report on Cash Management System Market Report to 2031: Forecasts By Component (Software, Services {Professional Service, Managed Service}), By Operation (Balance & Transaction Reporting, Cash Flow Forecasting, Payables & Receivables, Others), By Deployment (On-Cloud, On-Premise), By Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), By End-User (Banks, Non-Banking Financial Corporations (NBFCs), Retail, Commercial Enterprises). PLUS, Profiles of Cash Management System Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios

Global cash management system market was valued at US$ XX billion in 2019 and is projected to reach a market value of US$ XX billion by 2031.

Cash Management is also known as treasury management which is a process of collecting and managing cash flows from the operating, investing, and financing activities of a company. Cash management is one of the crucial aspects of any organization’s financial stability.

Rising adoption of automation for optimizing working capital and need to predict cash flows are the factors driving the growth of the cash management system market. The market seeks growth opportunities from the rising adoption of cloud-based cash management solution and development in the e-commerce sector. However, high initial investments, rising cyberattacks and data theft, and increased dependency on legacy systems are the factors hampering the market growth during the forecast period.

COVID-19 Impact on Cash Management System Market
The COVID-19 outbreak is having a significant impact on the Cash Management System market. Even during this pandemic, the cash management system has witnessed considerable demand. The business suffered huge losses owing to the lockdown, disruptions in the supply chain, and the economic downturn which followed the pandemic. The cash management system has helped the enterprises in offering visibility in the financial domain and automating working capital. The system also helps in predicting the cashflows for efficient management of financial resources in desperate times. Moreover, the cloud-based cash management system also offers these cash management system which further increases the demand for the cash management system. The need for cash management system has increased in the pandemic crisis owing to the need for managing cash flows to efficiently survive the crisis.

Market Drivers

Rising Adoption of Automation for Optimizing Working Capital
A cash management system helps in automating the accounts payable process and improves the visibility of their financial statements. Automation of the workflow process includes a set of rules to the data, which brings down the overall operating costs in processing and invoice payments. Automated accounts payable process automates the entire payable process and reduces the maintenance cost, thereby improving the visibility and spend of working capital management. Thus, the adoption of a cash management system helps in automating & optimizing the working capital.

Growing Need to Predict Cash Flows
Predicting cash flows are vital for any business. Poor management of cash flows may lead to the shutdown of the companies. Efficient cash management systems help to focus on profitability and provide visibility into the financial condition of the company. Accurate and timely forecasting of cashflows ensures that the suppliers and employees are paid on time, help in identifying the need for loan or overdraft in advance. Moreover, an accurate cash flow forecast also helps enterprises to win the trust of stakeholders before investing in the business. Thus, the growing need to predict cash flows is expected to drive the demand for cash management systems.

Market Opportunities

Rising Adoption of Cloud-Based Cash Management Solution
Cloud technology has proven to be beneficial owing to the scalability, flexibility, and cost-effective features it offers to the customers. The cloud-based cash management solutions provide scalability to the banks to scale the cash management systems to address the strategic corporate customer segments. Moreover, as the updates are rolled, the solution gets automatically updated without any need for human intervention. Also, the cloud-based system allows access to the authorized person across any platform anywhere and at any time. Also, the usage-based pricing allows the cash management system to be affordable so that even DMEs can avail the benefits, thereby creating growth opportunities for the market.

Development in E-Commerce Sector
E-commerce has redefined commercial activities around the world. Increasing Internet penetration and proliferation of cloud platform and smartphones have led to many small and medium-sized enterprises enter into the e-commerce domain. Many of the businesses fail due to poor cash flow management practices. A cash management system helps in effectively managing and forecasting of cash flows for e-commerce business. The cash management solutions help in preventing overspending, project sales, supports & maintains inventory, manage client credit, thereby assisting the e-commerce clients in managing the cash flows efficiently and ensuring survival and growth. Thus the developing e-commerce sector is expected to create growth prospects for cash management systems market.

Competitive Landscape
The cash management system market is highly competitive. The key market players are focused on developing the research & development capabilities and emphasizing partnership & collaboration strategies for developing innovative solutions. The key companies focus on obtaining a competitive position in the market by offering a unique cash management system to the end-users. Some of the companies profiled in the report include Oracle Corporation, NTT Data Corporation, Sopra Banking Software SA, Gieseck And Diverent GmBH, Alvara Cash Management Group AG, AurionPro Solution, Evry, Nucleus Software Exports Ltd, Acumatica, Inc., and Sage Intacct, Inc.

Notes for Editors
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