- The Quadrant Knowledge Solutions SPARK Matrix™
provides competitive analysis & ranking of the leading vendors.
- Quadient, with its comprehensive technology and customer
experience management, has received strong ratings across the
parameters of technology excellence and customer impact.
MIDDLETON, Mass., May 22, 2024 /PRNewswire/ -- Quadrant Knowledge
Solutions announced today that it has named Quadient as a 2024
technology leader in the SPARK Matrix: Accounts Receivable
Applications, 2024.
The Quadrant Knowledge Solutions' SPARK Matrix™
includes a detailed analysis of global market dynamics, major
trends, vendor landscape, and competitive positioning. The study
provides competitive analysis and ranking of the leading technology
vendors in the form of its SPARK Matrix™. The study offers
strategic information for users to evaluate different provider
capabilities, competitive differentiation, and market position.
According to Nehan Jain, Analyst at Quadrant Knowledge
Solutions, "Quadient's accounts receivable (AR) application,
Quadient AR, enables organizations to automate their order-to-cash
cycle via core offerings that include invoice processing and
management, delinquent and bad debt management, dispute and
collections management, cash management, and dashboard analytics.
The company distinguishes itself in the global Accounts Receivable
Applications market by providing differentiated offerings such as
AI-generated, ML-enabled OCR-based remittance to invoice matching,
in and out support for payment mode migrations, and partnership
with a magnitude of payment providers for hassle-free
implementations of full-fledged payment suite."
"Quadient's in-house Digital Optimization Program, in
collaboration with a variety of payment providers, dedicatedly
supports Quadient user clients' customers in switching from
paper-based payment methods to faster and secure electronic
methods, such as ACH and card payments. With its comprehensive
functional capabilities, strong customer value proposition, and
compelling ratings across customer impact and technology excellence
parameters, Quadient has been recognized as a leader in the 2024
SPARK Matrix™: Accounts Receivable Applications," Nehan said.
"We are honored to once again be recognized by the SPARK Matrix:
Accounts Receivable Applications," said Chris Hartigan, chief solution officer,
Intelligent Communication Automation, Quadient. "This shows our
relentless commitment to innovation and to providing a truly
end-to-end AR solution that provides an effortless experience while
creating high-value customer interactions and accelerating cash
flow."
Quadrant Knowledge Solutions defines Accounts Receivable
Applications as:
"A tool that increases a business's working capital via a
reduction in their Day's Sales Outstanding (DSO) achieved by
automating, simplifying, and managing Accounts Receivable (AR)
tasks, such as customer invoicing, disputes and collections, credit
monitoring, payments, and cash applications. The platform provides
real-time visibility into outstanding invoices by integrating with
various ERP and CRM systems and utilizes AI-based predictive
analytics to understand customer payment behavior and forecast cash
flow thus allowing businesses to identify opportunities and
mitigate potential risks promptly."
Due to the growing need of organizational AR departments,
vendors across the market are pouring significant investment in
AI/ML technology to build advanced predictive capabilities around
forecasting scenarios of default, dynamic prioritization of
collections, automation of dispute/deduction resolution, and
generation of context-aware emails for and automated remittance
matching. Currently, the platforms available in the market are
offering a wide range of advanced functionalities for multiple use
cases such as electronic invoicing and billing experience, invoice
status tracking, dunning management, support for payment financing
and factoring options, credit risk management, invoice and payment
data centralization, disputes and deduction management, cash flow
forecasting, reconciliation and remittance matching automation, and
multiple payment method support. As for the foreseeable future of
the accounts receivable market it will witness expansion in
coverage of compliance with tax and e-invoice regulations while
adding partnerships with global payment service providers to expand
upon their support for various payment methods.
Additional Resources:
- For more information about Quadient visit
here.
- SPARK Matrix: Accounts Receivable Applications,
2024
About Quadient
Quadient is the driving force behind the world's most meaningful
customer experiences. By focusing on three key solution areas,
Intelligent Communication Automation, Parcel Locker Solutions and
Mail-Related Solutions, Quadient helps simplify the connection
between people and what matters. Quadient supports hundreds of
thousands of customers worldwide in their quest to create relevant,
personalized connections and achieve customer experience
excellence. Quadient is listed in compartment B of Euronext Paris
(QDT) and is part of the CAC® Mid & Small and EnterNext® Tech
40 indices.
For more information about Quadient, visit www.quadient.com.
Quadient Contact:
Joe Scolaro
Global Press Relations Manager
Quadient
Email: j.scolaro@quadient.com
+1 203-301-3673
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting
firm focused on helping clients in achieving business
transformation goals with Strategic Business and Growth advisory
services. At Quadrant Knowledge Solutions, our vision is to become
an integral part of our client's business as a strategic knowledge
partner. Our research and consulting deliverables are designed to
provide comprehensive information and strategic insights for
helping clients formulate growth strategies to survive and thrive
in ever-changing business environments.
For more available research, please
visit https://quadrant-solutions.com/market-research/
Quadrant Contact:
Mr. Ajinkya Ingle
Quadrant Knowledge Solutions
Regus Business Center
35 Village Road, Suite 100,
Middleton Massachusetts 01949
United States
Email: ajinkya@quadrant-solutions.com
Phone: (+1) 978-344-2770
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