What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in accounts receivable automation software category. Our data sources in accounts receivable automation software category include;
Accounts receivable automation software helps businesses streamline their processes for invoicing and collecting payments from the customers. Accounts receivable automation tools are designed to ensure that companies collect the money for the items they have sold to their customers at a predetermined time.
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We use the data sources on the side for ranking solutions and awarding badges in accounts receivable automation software category. Our data sources in accounts receivable automation software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
Bill.com
Wave Payroll
Invoiced
Billtrust
Plooto
Taking into account the latest metrics outlined below, these are the current accounts receivable automation software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
Bill.com
Invoiced
Billtrust
Wave Payroll
Plooto
These are the number of queries on search engines which include the brand name of the solution. Compared to other Finance categories, Accounts Receivable Automation Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 69%, 4% more than the average of search queries in this area.
7 employees work for a typical company in this solution category which is 14 less than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 33 companies with >10 employees are offering accounts receivable automation software. Top 3 products are developed by companies with a total of 10k employees. The largest company building accounts receivable automation software is Genesys with more than 7,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
Bill.com
Wave Payroll
Billtrust
Invoiced
Flywire
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Accounts Receivable Automation Software companies. The most positive word describing Accounts Receivable Automation Software is “Easy to use” that is used in 16% of the reviews. The most negative one is “Difficult” with which is used in 3.00% of all the Accounts Receivable Automation Software reviews.
According to customer reviews, most common company size for accounts receivable automation software customers is 1-50 Employees. Customers with 1-50 Employees make up 61% of accounts receivable automation software customers. For an average Finance solution, customers with 1-50 Employees make up 18% of total customers.
These scores are the average scores collected from customer reviews for all Accounts Receivable Automation Software. Accounts Receivable Automation Software is most positively evaluated in terms of "Value For Money" but falls behind in "Likelihood to Recommend".
This category was searched on average for 258 times per month on search engines in 2022. This number has increased to 260 in 2023. If we compare with other finance solutions, a typical solution was searched 792 times in 2022 and this increased to 880 in 2023.