Pune, Maharashtra -- (SBWIRE) -- 05/11/2018 -- The author of the report analyzed that the Credit Management Software Market accounted for US$ 1636.42 million in 2017. The software allows customers to create value and store important information and perform daily tasks. This software is used to improve the efficiency and performance as well as offers better experience to the customers. The benefits of the software, such as the automation of manual tasks and better cash flow management are attracting more and more companies.

Credit management software market is a category of software that prioritizes and streamlines credit management workflows, as well as stores key information about preparing or performing many of the day-to-day tasks carried out by the credit management team. It is used to improve the efficiency of the credit management function, thereby freeing up employees' time to focus on high priority and more complex tasks. Organizations also adopt credit management software so they can offer customers a better experience, thus improving customer relationships and ensuring repeat business. The global credit management software market, in terms of revenue, was valued at US$ 1,636.42 Mn in 2017 and is expected to reach US$ 2,162.33 Mn by 2022.

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The organizations are increasingly adopting the software as it provides key insights into the movement of the invoices for several transactions taking place within or outside the company thus increasing its popularity. High initial investment and regulatory changes are hampering the growth of credit management software market. Emergence of new players in the market and growing demand across enterprises can provide substantial growth opportunities to global market.

Consulting Anticipated to be the Dominant Segment During the Forecast Period, 2018-2026
Among service type, consulting is a dominant segment holding the largest market share. This service provides customers with a dedicated consultant to manage their work and cash flows. Through this service, customers can improve their credit management function and train the staff in most effective ways.

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High Investment and Involvement of Companies to Drive the Market in Asia Pacific
Asia Pacific is estimated to be the fastest growing region in the market. This region is mainly driven by the factors such as high investment of companies due to growing involvement of customers in this region.

Credit Management Software Market is Fragmented with the Presence of Global and Regional Players
HighRadius, Rimilia, Solutions for Financials B.V., SOPLEX Consult GmbH, Equiniti, Esker, Hanse Orga Group, Innovation Software Limited, Misys, Onguard, Prof. Schumann GmbH, Cforia Software Inc., Credica Limited, Credit & Management Systems, Inc., Care & Collect, CREMAN DEBASSO, Debtpack, Emagia Corporation, Credit Management tools.com, Triple A Solutions Pvt., System Partner Norge AS, Viatec Business Solutions Ltd and Xolv BV amongst others.

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Credit Management Software Market – By Deployment Type
Cloud based
On-premises

Credit Management Software Market – By Service Type
Consulting
Operation & Maintenance
System Integration

Credit Management Software Market – By Organization Type
Small and Medium Enterprises
Large Enterprises

Market By Region
North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Market Report Highlights
Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.