We are launching Zuora Revenue, the latest release of RevPro, which will be generally available for all our existing and new Zuora Billing customers on April 15th. Zuora Revenue is the only automated revenue recognition application built for subscription businesses and their ASC 606 and IFRS 15 needs. Fully integrated with the entire Zuora order-to-revenue (OTR) suite of applications, new Zuora Revenue features enable companies to achieve a faster quarter close, minimize compliance risk, and more precisely forecast the revenue impact of business decisions.
Successful subscription businesses are finding that the key to growth is giving their subscribers freedom -- allowing them to make changes anytime to their subscription amendments, quotes, orders, and contracts. This is especially true today, as companies are seeking strategies to retain their customers amidst economic uncertainty.
However, enabling subscriber freedom disrupts traditional approaches to revenue recognition. Dealing with the volume and complexity of subscriber changes is overwhelming to accounting teams.
Thats why we built Zuora Revenue. It enables continuous accounting for subscriptions from order through revenue recognition. We re-architected the traditional linear model of order-to-cash and expanded it to order-to-revenue to recognize revenue throughout the process. Zuora Revenue understands the full range of subscription transactions, automates and processes all 5-steps of revenue recognition and is built to handle the new standards and compliance regulations.
For our existing Zuora Billing customers, integrating Zuora Revenue is a huge value add because new capabilities include:
You can find out more about Zuora Revenue on our Whats New page or view our official press release.
Want to dive deeper into Revenue Automation? This 25-minute Master Class by our partner PwC specifically focuses on what solutions you should consider, so you can avoid putting your business at risk as we move to a virtual and connected world.
Ready for a demo? Go here to give Zuora Revenue a Test Drive.
Post updated with corrected press release link: https://www.zuora.com/press-release/zuora-launches-zuora-revenue-the-only-automated-revenue-recognition-application-for-subscription-businesses