Zuora's April Release was deployed to Production this Monday, April 25, 2016. You can take a look at the April Release Notes for all details. Here are your three big takeaways from this months release:
Suspend & Resume (Limited Availability)
- Suspend and resume is a common use case in media and B2B companies. For example, you might want to put your Netflix subscription on hold while youre out on vacation for a month. On the other hand, when a customer is at risk of churning, a business might offer the customer an option to pause their subscription rather than cancelling.
- Why it matters: With the new Suspend & Resume capability, users can easily pause a subscription and have it automatically resume on a particular date, all with a single amendment. We take care of the rest (revenue recognition, proration, etc.)
- Availability: These features are currently in a Limited Availability Program. If you would like to learn more and inquire about inclusion in the LA Program, please contact your account manager.
Invoice Localization (Limited Availability)
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Businesses with international customers can now use a translation table (for all merge field) to send invoices in a customers preferred language. Translation tables can be uploaded into Zuora via the UI and managed by a Zuora user.
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Why it matters: Imagine that you have customers across 30 different languages. Instead of maintaining 30 different products in the Zuora product catalog, you can maintain 1 master product and enable translations for the product name, rate plan name, etc. to dynamically display on an invoice. Depending on a customer's locale setting, the translated fields will be displayed on the customers invoice.
- Availability: These features are currently in a Limited Availability Program. If you would like to learn more and inquire about inclusion in the LA Program, please contact your account manager.
Full Foreign Currency Exchange (FX) capabilities!
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Now, throughout Zuora, users can easily manage, account, and report on transaction data across multiple currencies. Key FX capabilities include:
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FX Rates: Users can use our real-time Oanda integration or upload custom FX rates from their own rate provider
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FX Gains and Losses: Track, view, and report on realised and unrealised gains and losses resulting from currency conversion
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FX Data in Exports and Data Sources : FX applied to all transactional data sources and key exports
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Simplified Accounting Close Process: Now we automatically convert all transactions, regardless of currency, and present your transaction details (summary, balances, and journal entries) in your home currency. We also calculate and display any rounding differences resulting from the currency conversion, making for a simplified and streamlined accounting close process.
- Why it matters: Being able to consolidate transactions across multiple currencies into a single consolidated view drastically accelerates accounting time to close. In addition to that, having this foreign exchange information is key to having the right data to generate key business reports, such as Gains and Losses reports.
- Availability: Available today. Please contact support to have this feature enabled.