Pune, India -- (SBWIRE) -- 09/04/2018 -- Interest and cost calculation, cash allocation and customer segmentation to promote growth in the Credit Management Software Market
Increasing international trade as working cross borders becomes more common is the major factor driving the growth of the credit management software market. Increasing awareness about the benefits of using automation and dedicated software of credit management has triggered the growth of the credit management software market. Owing to credit record management and cash flow, management benefits a wide range of companies belonging to various sectors such as telecom, healthcare, manufacturing, information technology, and electronics are implementing the credit management software. However, opposing regulations and business protocol as well as simple barriers such as language and currency are increasing the time and operating costs associated with trade. This in turn is anticipated to hamper the growth of the credit management software market during the forecast period. Furthermore, increasing adoption of the credit management software in the medium-sized organizations is further anticipated to provide several growth opportunities for the key players in the credit management software market over the upcoming years.
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Asia Pacific region to contribute to growth in the global Credit Management Software market
Asia Pacific is anticipated to dominate credit management software in terms of revenue .Heavy investments in the international companies due to cheap labor has to lead to rapid industrialization in the Asia Pacific regions. , North America is expected to hold the largest market share due to presence of considerable number of small medium and large enterprises have boosted the demand for credit management software in this region.
Serrala Announced Release of Alevate
In June 2018 Serrala, the international provider of solutions for inbound and outbound payments and related finance processes announced the launch of Alevate, the first solution unveiled since the company's rebrand. The Cloud-based solution will enable companies to achieve a unified view of all payment transactions globally and perform related cash management and cash pooling activities.
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Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global credit management software market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of credit management software market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the credit management software market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the credit management software market to understand the present and future trends in this market and formulate their strategies accordingly.