The global cash flow market size is expected to reach USD 2,144.4.0 Million in 2028 and register a CAGR of 24.9% during the forecast period, according to latest analysis by Emergen Research. This steady projected market revenue growth can be attributed to increasing adoption of technologies such as Machine Learning (ML), Artificial Intelligence (AI), Business Intelligence (BI), and data analytics, rapid growth of e-commerce sectors, and rising adoption of cloud- based finance solutions to improve planning and budgeting cycles.

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As businesses progress over time, the volumes of data also increases and becomes difficult to keep track or maintain records. Manual storing and managing of files becomes complex, and increasing work can lead to errors that can cause more serious problems in future.