Zuora Announces Real-Time Revenue to Help Businesses Achieve a Financial Close as Early as Day Zero
16 Novembro 2021 - 11:00AM
Business Wire
With Zuora Revenue, companies now have
real-time insights to instantly recognize, reconcile, and analyze
revenue for subscriptions, products, and usage-based services
Zuora, Inc. (NYSE: ZUO), the leading
cloud-based subscription management platform provider, today
announced Real-Time Revenue for Zuora® Revenue. Now, with Real-Time
Revenue, businesses can automatically recognize, reconcile, and
analyze their revenue to more accurately close the books as early
as day zero, while leveraging new instant insights to make
strategic revenue decisions.
As companies adopt increasingly complex pricing models to
incorporate a mix of subscriptions, one-time, and usage-based
offers, the financial close process becomes more complex, prone to
human error, and can span to weeks. Time wasted and additional risk
also makes revenue forecasting challenging.
With Real-Time Revenue, companies can reduce end of financial
period crunch times. A new Close Process Dashboard continuously
reconciles revenue, immediately identifying and escalating any
errors to be resolved. While the traditional reporting process
produces obsolete data that could be weeks behind, with Zuora
Revenue, new Revenue Analytics now appear instantly on a single
page and are updated in real time to more accurately forecast, plus
set and meet new revenue targets.
“Closing the books no longer needs to be a tedious process that
only happens at the end of a financial period,” said Karthik
Ramamoorthy, GM & VP of Products at Zuora. “With Zuora Revenue,
real-time close and revenue reconciliation are finally possible.
Financials can be updated as soon as a deal is booked.”
The Zuora suite now spans and completes a real-time connection
from billing to collections to revenue. With a revenue recognition
solution for any combination of subscription, one-time, and
usage-based services, Zuora Revenue makes it simple for businesses
to manage frequent changes in the subscription order-to-revenue
process.
“Implementing Zuora Revenue reduced our time to close the books,
and now with Real-Time Revenue, we expect to see even more
significant time savings that will allow us to focus on higher
value activities," said Luciana Maddalozzo, Revenue Accounting Ops
Lead at Cisco Systems.
“Even today, too many organizations rely on manual and
Excel-based revenue management processes. This lack of automation
translates into hidden errors, re-statement of results and loss of
confidence in financial statements,” said Andrew Dailey, Co-Founder
and Managing Director at MGI Research. “Organizations must be
proactive about innovating in revenue management, to create near
real time, end-to-end visibility of the monetization process.”
To learn more about Zuora Revenue, visit here.
Forward-Looking Statements
The products, features and functions mentioned in this press
release presentation are estimated to be generally available on
November 20, 2021; however, the development, release and timing of
any products, features or functionality remain at the sole
discretion of Zuora and are subject to change. This press release
contains forward-looking statements regarding the expected benefits
of Zuora’s Real-Time Revenue product. Any statements that are not
statements of historical fact may be deemed to be forward-looking
statements. Actual results could differ materially from those
stated or implied in forward-looking statements due to a number of
factors, including but not limited to, risks detailed in the “Risk
Factors” section of Zuora’s final prospectus related to the initial
public offering filed with the Securities and Exchange Commission
(SEC) on September 3, 2021, as well as other documents that Zuora
may file from time to time with the SEC. The forward-looking
statements in this press release are based on current expectations
as of the date of this press release and Zuora undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
About Zuora, Inc.
Zuora provides the leading cloud-based subscription management
platform that functions as a system of record for subscription
businesses across all industries. Powering the Subscription
Economy®, the Zuora platform was architected specifically for
dynamic, recurring subscription business models and acts as an
intelligent subscription management hub that automates and
orchestrates the entire subscription order-to-revenue process
across billing, collections and revenue recognition. Zuora serves
more than 1,000 companies around the world, including Box, Ford,
Penske Media Corporation, Schneider Electric, Siemens, Xplornet and
Zoom. Headquartered in Silicon Valley, Zuora also operates offices
around the world in the U.S., EMEA and APAC. To learn more about
the Zuora platform, please visit www.zuora.com.
© 2021 Zuora, Inc. All Rights Reserved. Zuora, Subscribed,
Subscription Economy, Powering the Subscription Economy, and
Subscription Economy Index are trademarks or registered trademarks
of Zuora, Inc. Third party trademarks mentioned above are owned by
their respective companies.
SOURCE: ZUORA FINANCIAL
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version on businesswire.com: https://www.businesswire.com/news/home/20211116005628/en/
Margaret Pack press@zuora.com 619-609-3919
Zuora (NYSE:ZUO)
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