PayStream Advisors Estimates Worldwide Spending on Receivables and Collections Management Solutions to Top $5.5 Billion by 2008
PayStream Advisors, Inc. announces the release of its report titled Receivables and Collection Management: A Buyer’s Guide to Collections Automation Solutions.
Charlotte, NC, October 13, 2005 --(PR.com)-- PayStream Advisors, Inc. announces the release of its report titled Receivables and Collection Management: A Buyer’s Guide to Collections Automation Solutions. This in-depth research report highlights the growing trend of companies seeking Receivables and Collections Management (RCM) solutions to lower their Days Sales Outstanding (DSO) and to manage the risk inherent to their collection process. PayStream's latest research reveals that organizations are turning to a rapidly maturing set of technologies known as RCM solutions to streamline their collections processes as a result of increasing emphasis on cost containment and Sarbanes-Oxley compliance. In addition to providing a rich background into the applications of RCM solutions in the Accounts Receivable space, the report provides specific information about the following vendors and their solutions: 9ci, Aceva, Cforia, eCredit, GETPAID, I-Many, and Oracle.
According to Dave Schmidt, the lead analyst for this research report “Worldwide spending on RCM solutions will increase from $4.5 billion in 2004 to $5.5 billion by 2008, a compound annual growth rate of 5.04 percent. During this period, the growth of outsourced RCM solutions that involve software or ASP implementations are expected to outpace the growth of in-house developed solutions. All things considered, we believe the RCM marketplace has finally attained critical mass. While the RCM market is maturing, it remains youthful. New entrants are regularly popping up on our radar screen and finding new and better ways to solve common collection management problems.” The report concludes with analytical insights that allow readers to compare and contrast solution functionality across all of the solutions and to identify the solution that best suits their requirements.
PayStream Advisors periodically hosts free Web seminars to educate corporate managers about how financial automation tools can be used to reduce costs, improve efficiency, and enhance service. To find out how you can attend a complimentary Web seminar about this report, please call (704) 523-7357 Ext. 223 or visit PayStream Webinars.
About PayStream Advisors, Inc.
PayStream Advisors is a technology research and consulting firm that improves the way organizations plan, evaluate, and select financial automation technologies to achieve their business objectives. PayStream Advisors assists clients in sorting through the growing complexities of IT applications related to financial automation with the goal of making objective, analytical, and actionable recommendations. Wherever financial automation technology is an issue, PayStream Advisors is there to help. For more information, call (704) 523-7357 or visit us on the Web at www.paystreamadvisors.com.
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According to Dave Schmidt, the lead analyst for this research report “Worldwide spending on RCM solutions will increase from $4.5 billion in 2004 to $5.5 billion by 2008, a compound annual growth rate of 5.04 percent. During this period, the growth of outsourced RCM solutions that involve software or ASP implementations are expected to outpace the growth of in-house developed solutions. All things considered, we believe the RCM marketplace has finally attained critical mass. While the RCM market is maturing, it remains youthful. New entrants are regularly popping up on our radar screen and finding new and better ways to solve common collection management problems.” The report concludes with analytical insights that allow readers to compare and contrast solution functionality across all of the solutions and to identify the solution that best suits their requirements.
PayStream Advisors periodically hosts free Web seminars to educate corporate managers about how financial automation tools can be used to reduce costs, improve efficiency, and enhance service. To find out how you can attend a complimentary Web seminar about this report, please call (704) 523-7357 Ext. 223 or visit PayStream Webinars.
About PayStream Advisors, Inc.
PayStream Advisors is a technology research and consulting firm that improves the way organizations plan, evaluate, and select financial automation technologies to achieve their business objectives. PayStream Advisors assists clients in sorting through the growing complexities of IT applications related to financial automation with the goal of making objective, analytical, and actionable recommendations. Wherever financial automation technology is an issue, PayStream Advisors is there to help. For more information, call (704) 523-7357 or visit us on the Web at www.paystreamadvisors.com.
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Contact
PayStream Advisors, Inc.
Meredith Wiggs
704-523-7357 Ext. 223
paystreamadvisors.com
Meredith Wiggs
704-523-7357 Ext. 223
paystreamadvisors.com
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