Today… we are proud to announce our Winter ‘19 product release with a focus on automation and usability across Zuora Billing, Zuora Collect, and Zuora RevPro.
These new tools will help your finance and accounting teams increase their productivity across subscription billing, collections, and revenue recognition efforts.
What does that mean for you?
With subscription-based companies growing revenue 5 times faster than S&P 500 company revenues (according to the latest Subscription Economy Index™), we’re concurrently seeing an increase in volume of customer transactions. In fact, over the past 5 years, our customers have seen a 307% increase in invoices, resulting in more invoice adjustments, complex prorations, and other downstream impacts on finance.
Due to this increased invoice volume, we see finance teams often struggle to keep up as they manually:
That’s why we’re investing in billing, collections, and revenue automation to help our customers eliminate manual redundancies and drive more efficient growth.
“This product release is all about helping finance teams save time and reduce the errors that come from completing complex, redundant tasks manually,” said Tom Krackeler, SVP of Product at Zuora. “We are doubling down on customer usability and automation so that companies can rapidly grow without putting a big burden on back-office teams, processes, and systems.”
Our newest product features include:
Workflow automates business processes and customer journeys in Zuora.
“Workflow has made life so much easier for us,” said Jason Gulledge, Founder and VP of Development of StackPath. “Workflow is intelligent and powerful, enabling my team to become even more efficient, while improving customer experience for our end customers. I consider it an absolute must have for anyone who uses Zuora.”
Zuora Collect automates the complexities of collections to reduce revenue leakage and involuntary churn.
“Zuora Collect has helped us reduce churn and freed up our sales team so they can focus on new business,” said Margaret De Luna, President of TheStreet.
Zuora RevPro provides revenue automation and seamless compliance under ASC 606 standards.
We’re excited to bring these new features to you so you can automate more and work less — just in time for the holidays!
For more information about our Winter ‘19 launch, reach out to your account manager or talk to sales.
Not a customer yet? Check out our demo on demand to see how you could be running your dynamic order-to-revenue process on Zuora Central.
#winter19
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