Cash Management System Market Research Report: By Component [Software and Services (Managed Services and Professional Services {Installation Services, Training and Implementation Services and Other Support Services})], By Organization Size [SMEs, Large Enterprise] By Deployment Mode [Cloud, On-Premise], Product Type [Account Reconciliation, Controlled Disbursement, Automated Clearing House (ACH)/ Electronic Data Interchange (EDI), Demand Deposit Account (DDA), Wire Transfer, Information Reporting, Retail And Wholesale Lockbox, Check Clearing and Purchasing Card]), By End-user (Banks, Retail, Non-Banking Financial Corporations (NBFCs) and Commercial Enterprises)and Region [North America, Europe, Asia-Pacific, Middle East and Africa and South America] - Forecast 2027

ID: VPR/B&F/1079 Publishing Year: January 2022 Pages: 115 Format:   


Cash Management System Market Overview:

A Cash Management System is primarily employed for the purpose of controlling liquidity, payments, account balances, and cash flow patterns (outflows, inflows, or within the firm). Cash Management refers to a broad area of finance that is concerned with the collection, handling, and utilisation of financial resources. It is a marketing term used to describe certain cash flow-related services that are primarily targeted at larger businesses clients. Cash Management Systems provide benefits such as zero balance accounting, cash concentration, and the ability to manage multiple bank associations from a centralised location, among other things. They have cash positioning and cash forecasting capabilities, which aid in the efficient decision-making process when it comes to cash administration. Cash Management Systems based on cash demand forecasting, on the other hand, assist banks in increasing the returns on their cash resources while simultaneously reducing operational costs. Aside from that, Cash Management Systems have the capability of improving cash sweeping and cash pooling.

Key Players:

Some of the Key Players of the Global Cash Management System Market include NTT Data Corporation (Japan), Glory Global Solution (UK), Alvara Cash Management Group AG (Germany), SAGE Intacct (US), Ardent Leisure Management Limited (Australia), CMS.COM (India), Nucleus Software Exports Ltd (India), Sopra Banking Software SA (France), Oracle Corporation (US), Giesecke+DevrientGmBH (Germany), National Cash Management Systems (NCMS) (US), AurionPro Solution (India), Acumatica, Inc. (US), in times (Germany), and Evry (Norway)

Market Growth:

The market is expected to be driven by an increase in demand for Cash Management Systems from organisations in order to make Cash Management more efficient and dependable. Additional services include Real-time cash management, which allows the company to increase available cash, avoid cash shortfalls, and eliminate potential financial risks before they arise, among other things. It allows for access to business accounts at any time of day or night, as well as the ability to review transaction history. It is expected that a government initiative to promote a cashless economy will stifle the market's expansion in the near future. Nonetheless, the widespread use of cash as a method of payment in industries is expected to open up new opportunities for the market.

Market Segmentation:

Components, deployment models, product types, organisation sizes, end-users, and regions are all considered in the segmentation of the Global Cash Management System Market, which is further divided into submarkets.

The Global Cash Management System Market has been segmented into two categories based on their component: solutions and services. The market has been subdivided into two categories based on services: managed services and professional services. The professional services segment has been further subdivided into installation services, training and implementation services, and other support services. Installation services are a subset of the professional services segment.

The Cash Management System Market has been segmented based on product type into the following categories: account reconciliation, controlled disbursement, Automated Clearing House (ACH)/Electronic Data Interchange (EDI), Demand Deposit Account (DDA), wire transfer, information reporting, retail and wholesale lockbox, check clearing, and purchase card.

The market has been divided into two categories based on deployment model: cloud and on-premise.

Furthermore, the market has been segmented into two groups based on the size of the organisation: small and medium-sized enterprises (SMEs) and large enterprises (LG).

Regional Analysis:

In the year 2019, the European Union dominated the market for Cash Management Systems. The presence of well-known market players such as Sopra Banking Software SA, Giesecke&Devrient GmbH, and Glory Global Solutions, Inc. has contributed to the expansion of the industry's footprint. The European Union is stepping up its efforts to encourage collaboration around cutting-edge technologies such as the blockchain. According to the European Commission's Fintech Action Plan 2018, the European Commission intends to establish new Fintech Labs throughout the region, thereby creating growth opportunities for the local market.

Over the forecast period, the Asia Pacific region is expected to grow at the fastest rate of any regional market in the world. The increase can be attributed to the increasing demand for money management systems, which are designed to maximise the automation of high volume financial transactions for large enterprises, which has resulted in the market expanding. There are a number of factors that are expected to contribute to the growth of the market, including the increasing demand for enterprise-level connectivity and the rise in demand for liquidity management. Aside from that, large as well as small and medium-sized businesses in the region are implementing customised money management solutions in order to achieve significant returns on their investments.

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