PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: FinancialForce

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Zuora Partners with FinancialForce.com, Intacct and Sage to Bring Finance into the Subscription Economy - New alliances to standardize integration between leading financials and Zuora subscription billing and commerce solutions - Zuora.com / FinancialForce.com
Zuora Partners with FinancialForce.com, Intacct and Sage to Bring Finance into the Subscription Economy

 

NewswireToday - /newswire/ - Redwood City, CA, United States, 2012/05/15 - New alliances to standardize integration between leading financials and Zuora subscription billing and commerce solutions - Zuora.com / FinancialForce.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Enabling a Best of Breed Approach for the Subscription Economy

Zuora, the subscription billing and commerce leader for the Subscription Economy, today announced a new set of alliances with industry leading financial management and accounting applications to address the unique finance and accounting needs of subscription businesses. FinancialForce.com, Intacct and Sage have all joined with Zuora to standardize how subscription revenue is treated and shared with existing financial management and accounting applications.

Over the last four years, Zuora has built the de-facto billing and commerce backbone for the Subscription Economy with customers ranging from high-growth startups like Box, Branchout, Docusign, Marketo, Splunk, and Zendesk to global enterprises like AAA, Dell, News International, Pearson, Tata Communications, Reed Business, and Qualcomm.

These new alliances will further provide Zuora’s customers with the ability to extend the value of their existing systems – no matter which financial management and accounting applications they use -- and to seamlessly connect Zuora’s subscription billing and commerce solutions
The Subscription Economy is Changing the Way Companies Operate

Subscription business models are expanding rapidly beyond the realm of software-as-a-service or publishing to communications, automotive, media in both new and traditional companies. Today, subscriptions are everywhere as cloud, social and mobile technologies are creating entirely new ways for businesses to connect and serve their customers with “subscribe” to recurring services rather than “buy” products, giving rise to the Subscription Economy.

This shift to the Subscription Economy is rapidly forcing a fundamental change in the way companies run their businesses, as the subscription business model is fundamentally different than traditional product-centric businesses. For example:

• Pricing is different (e.g. multiple price plans, bundles, tiers, pay-as-you-go, vs. one-time pricing);
• Billing is different (e.g. monthly, quarterly, semi-annual, annual and even custom billing periods vs. one-time billing); and
• Commerce is different (e.g. ongoing relationship with add-ons, upgrades and renewals vs. one-time purchase).

But more than that, finance is different, and today’s CFOs are struggling with how to manage the unique differences that the subscription business model brings to their business, specifically forecasting future revenues, separating one-time from recurring revenue, and calculating metrics like ARR, churn, and renewals rate.

As a result, finance departments and CFOs have discovered that they need a new subscription billing and commerce platform that handles finance in the Subscription Economy, and importantly, one that seamlessly integrates with their existing financial management and accounting applications.

Finance Leaders Team with Zuora to Bring Finance into the Subscription Economy

Intacct: “As one of the original SaaS financial applications companies, we understand the importance and complexity of managing a subscription business,” said Robert Reid, CEO, Intacct. “Our alliance and this new framework enable joint customers to realize the true value of Zuora and Intacct together. This is a perfect example of how cloud computing makes it easier for companies to select integrated best-of-breed systems like Intacct and Zuora, instead of being forced into a suite of average products from one vendor.”

Sage: “Sage serves millions of customers worldwide and in recent months we have seen a growing interest among these small and midsized businesses to offer their own products through subscription,” said Himanshu Palsule, EVP Strategy, Sage North America. “Partnering with Zuora will enable us to help our customers gain the benefit of offering subscription services to their own customers with integration to Sage accounting or ERP systems in the back office.”

FinancialForce.com: “Zuora’s cloud applications are ideal for companies with sophisticated subscription processing needs and are perfect complements to FinancialForce’s accounting, billing and media solutions,” said Tom Brennan, vice president of product marketing at FinancialForce.com. Our combined solution is ideal for subscription centric businesses, especially those using Salesforce CRM. As always, we are delighted to offer our customers multiple applications to choose from as opposed to the vendor lock-in approaches practiced by traditional ERP suppliers.”

Commentary on the News
Beagle Research: "With this announcement, Zuora is paving the way to define a common standard for industry leading financial applications to integrate with a world class subscription billing and commerce platform,” Denis Pombriant of Beagle Research. “This ensures that any company can realize it's full potential in the Subscription Economy through a set of common standards, regardless of what financial application they use."

Zuora: "Zuora is working closely with some of the most innovative CFOs who recognize that the Subscription Economy represents a major shift in their business and how they measure success,” said Shawn Price, President at Zuora. “By partnering with leaders in finance and accounting, we are building a bridge between the 20th and 21st century business models that finance leaders need to succeed in this new reality.”

About Zuora, Inc.
Zuora (zuora.com) is the global leader in subscription commerce and billing, helping companies in every industry transition to the Subscription Economy. Enterprise leaders and high-growth companies alike use Zuora's multi-tenant cloud platform to launch, scale, and monetize their subscription services. Built from the ground up by SaaS industry veterans from salesforce.com, PayPal, and Webex, Zuora services innovative customers like Informatica, Tata Communications, Box.net, Ning, GigaOm, Xplornet, Ustream and Reed Business Information.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: FinancialForce

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Zuora Partners with FinancialForce.com, Intacct and Sage to Bring Finance into the Subscription Economy

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Eileen Conway, Reidy Communications 
650-245-9015 eileen[.]reidycommunications.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any FinancialForce securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From FinancialForce / Company Profile


Read Software Most Recent Related Newswires:

Infor Continues Significant Growth in Retail
Belk, Hot Topic and Torrid Choose Oracle Retail Stores Solutions to Unify Brand Experiences
Infinera Transforms Subsea Networks to Cloud Scale with New DTN-X Platforms
Crate and Barrel to Transform its Retail Experience in the Cloud with Infor
Ricardo Eletro Reduces Operational Cost by 40m Brazilian Reais per Month with Oracle Retail
Babbobox and Clevertime-Consulting, LLC Announce Strategic Partnership for EU Market
Ermes Group Selects IBM Cloud-Based Pricing to Engage Customers with Timely In-Store Sales
Oracle Cloud Applications Drive Carbon’s Quest to Lead in 3D Printing and Additive Manufacturing
Mentor Graphics Expands Comprehensive ISO 26262 Qualification Program
NAKIVO Announces Support for Hyper-V Backup in the Upcoming v7
Sur La Table Selects Oracle Commerce to Complement Oracle Retail Xstore Point-of-Service
Ford-Werke GmbH Implements Infor SCE and Technology Applications in the Cloud Across Europe
NAKIVO Provides VMware High Availability for Taiwan’s Ministry of Health and Welfare
Postal Savings Bank of China Teams with IBM to Build Blockchain-Based Asset Custody System
Dell Expands Hyper-Converged Infrastructure for VDI with Dell EMC VxRail Appliance 4.0 Solution for Citrix XenDesktop

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  1Click Games

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)