Zuora introduces Real-Time Revenue feature to make the financial closing process easier
Zuora, Inc., a cloud-based subscription management platform provider, is launching Real-Time Revenue for Zuora Revenue, allowing businesses to automatically recognize, reconcile, and analyze their revenue to more accurately close the books as early as day zero.
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, according to the vendor.
“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 and 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.
For more information about this platform, visit www.zuora.com.