The global account reconciliation software market size reached US$ 2.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.2 Billion by 2028, exhibiting a growth rate (CAGR) of 13.1% during 2023-2028. More Info:- https://www.imarcgroup.com/account-reconciliation-software-market

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Global Account
Reconciliation Software
Market Research and
Forecast Report 2023-2028
Author: Elena Anderson,
Marketing Manager |
IMARC Group
© 2019 IMARC All Rights Reserved

2. Report Description
About IMARC Group
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3. Report Description
Report Description and Highlights
Global Account Reconciliation Software Market Research Report:
The latest report by IMARC, titled “Account Reconciliation Software Market: Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast 2023-2028” " finds that the global account
reconciliation software market size reached US$ 2.9 Billion in 2022.
Account reconciliation software is used to automate and standardize the settlement process to create
clear and precise financial statements. Some commonly available software includes ReconArt,
Blackline, Xero, Bank Rek, and AutoRek. It is an easy-to-set-up and user-friendly tool with numerous
features and functionalities, including issue management, transaction matching, classification, cloud-
based, task flow, reporting group suitability, postings, data acquisition, matching techniques, and
interface. It is designed to augment productivity, enhance efficiency, and save time by eliminating the
need for data manipulation and manual calculations. In addition, it offers accountants a streamlined
method to assure the accuracy of their balance sheets and allows them to analyze discrepancies,
compare data, attach supporting documents, and take the required actions quickly. As a result, account
reconciliation software is widespread across banking, financial services, insurance (BFSI), retail, e-
commerce, healthcare, government and public, information technology (IT), and telecom.
Request Free Sample Report: https://www.imarcgroup.com/account-reconciliation-software-
market/requestsample

4. Report Description
Report Description and Highlights
Global Account Reconciliation Software Market Trends:
The market is primarily driven by the increasing number of credit card payments and online transactions in several
industries. Nowadays, account reconciliation software is widely employed to track interest charges, minimize the risk
of fraud, reduce accounting errors, and monitor data, such as trial balance and cash flows. Besides this, the surging
need for standardized activities in banks and the widespread adoption of customer-centric banking solutions
represent another major growth-inducing factor. In addition, the escalating demand for error detection software to
improve operational efficiency and minimize overall costs is accelerating the product adoption rate across the globe.
Apart from this, key market players are launching innovative account reconciliation software incorporated with
advanced technologies, including machine learning (ML) and artificial intelligence (AI), to enhance the cash flow
management and reconciliation process. This, coupled with the growing need for generating electronic bills, is
creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 6.2 Billion
by 2028, exhibiting a CAGR of 13.1% during the forecast period (2023-2028).
Looking forward, the market value is projected to reach a strong growth during the forecast period
(2023-2028).

5. Report Description
Report Description and Highlights
Market Summary:
Breakup by Component:
• Software
• Services
Breakup by Deployment Mode:
• On-premises
• Cloud-based
Breakup by Organization Size:
• Small and Medium-sized Enterprises
• Large Enterprises
Breakup by End User:
• BFSI
• Manufacturing
• Retail and E-Commerce
• Healthcare

6. Report Description
Report Description and Highlights
• IT and Telecom
• Energy and Utilities
• Government and Public Sector
• Others
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France

7. Report Description
Report Description and Highlights
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

8. Competitive Landscape with Key Players:
• API Software Limited
• BlackLine Inc.
• Broadridge Financial Solutions Inc.
• Fiserv Inc.
• Intuit Inc.
• Oracle Corporation
• ReconArt Inc.
• Sage Group plc
• SmartStream Technologies ltd.
• Trintech Inc.
• Xero Limited
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/account-reconciliation-
software-market
Report Description
Report Description and Highlights

9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

11. Report Description
Report Description and Highlights
© 2019 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of
International Market Analysis Research and Consulting (IMARC). No part of this publication may be
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International Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been
based on information and sources believed to be accurate and reliable at the time of publishing.
International Market Analysis Research and Consulting makes no representation of warranty of any kind as to
the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any
loss or damage resulting from opinion, errors or inaccuracies if any found this publication.
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Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of
their respective companies.

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