Zuora Announces Integration with Microsoft to Accelerate Growth of Subscription Economy and Automate Enterprise Revenue Recognition
September 16 2021 - 9:00AM
Business Wire
Integrations with Azure, Dynamics 365 Finance,
and Power BI will strengthen Zuora’s core offerings: accelerating
innovation and enhancing the subscriber experience
Zuora, Inc. (NYSE: ZUO), a leading cloud-based subscription
management platform, today announced a multi-tiered agreement with
Microsoft to integrate several Microsoft products with Zuora®.
Today’s companies are looking for a new level of business
agility to deploy new business models, launch product lines, and
expand internationally. At the same time, they need their
applications and platforms to help them scale to IPO and beyond.
These new integrated solutions will deliver finance teams more
agility, power enhanced subscription analytics, and make it easier
than ever to deploy and adopt technology from two enterprise
leaders.
Zuora is collaborating with Microsoft to:
Run applications on Microsoft Azure for enterprise
flexibility and scale. By deploying new customer workloads on
to Azure, Zuora will be able to quickly and securely adapt its
workflows to the changing business landscape and enterprise
customer needs.
Connect Zuora Revenue with Microsoft Dynamics 365 Finance for
agile, enterprise revenue recognition. Integrating Zuora
Revenue with a bi-directional connection to Dynamics 365 Finance
will allow joint customers to accelerate their digital
transformations, easily close the books for even the most complex
business models, and enhance the overall customer experience.
Embed Microsoft Power BI Reports into Zuora applications to
generate new insights into the subscriber experience. Zuora
Billing, Revenue and Collect will embed Power BI’s interactive
reports and visualizations to give customers a single view of their
subscription, collections, and revenue recognition processes. With
this insight from Power BI, Zuora customers will be able to
optimize the subscriber experiences they’re delivering to drive
recurring revenue growth in the Subscription Economy®.
“Zuora customers work on a massive scale but need to deliver
top-quality customized experiences to each individual subscriber, ”
said Sri Srinivasan, Chief Product and Engineering Officer at
Zuora. “These new integrations between Zuora Revenue and Microsoft
will deliver incredible agility into the tools that finance
professionals use globally, offer new insights into subscription
and revenue recognition analytics, and provide cloud infrastructure
that scales to support the world's largest companies.”
Zuora Revenue streamlines the revenue recognition process and
enables businesses to customize the software to their individual
business and reporting requirements. Integrating Zuora Revenue with
Microsoft Dynamics 365 Finance will give Microsoft customers access
to the leading enterprise revenue recognition application -- fully
integrated with the Microsoft tools they use every day.
“Zuora supports the ever increasing demands on automating
revenue recognition and adhering to standards such as ASC 606,”
said Toby Bowers, General Manager, Business Applications Group at
Microsoft Corp. “This integration will rely on the flexibility of
the cloud and our solutions like Microsoft Azure, Power BI, and
Dynamics 365 provide the intelligence and agility for our customers
looking to solve these complex revenue challenges.”
Also in the coming months, Zuora will continue to evolve its
offerings and expand its technical and business relationship with
Microsoft into subscription management that will pave the way for
the continued growth of the industry.
Zuora Billing, Revenue and Collect will embed Power BI’s
interactive reports and visualizations in the next few months. The
additional integrations of Zuora with Microsoft are planned to be
available for Zuora’s early adopter program in early 2022. To learn
more about the collaboration and additional announcements made at
The Journey to Usership™: A Day for Zuora Customers event, visit
here.
About Zuora, Inc.
Zuora provides a leading cloud-based subscription management
platform that functions as a system of record for subscription
businesses across all industries. Powering the Subscription
Economy®, the Zuora platform was architected specifically for
dynamic, recurring subscription business models and acts as an
intelligent subscription management hub that automates and
orchestrates the entire subscription order-to-revenue process
across billing, collections and revenue recognition. Zuora serves
more than 1,000 companies around the world, including Box, Ford,
Penske Media Corporation, Schneider Electric, Siemens, Xplornet and
Zoom. Headquartered in Silicon Valley, Zuora also operates offices
around the world in the U.S., EMEA and APAC. To learn more about
the Zuora platform, please visit www.zuora.com.
© 2021 Zuora, Inc. All Rights Reserved. Zuora, Subscribed,
Subscription Economy, Powering the Subscription Economy, and
Subscription Economy Index are trademarks or registered trademarks
of Zuora, Inc. Third party trademarks mentioned above are owned by
their respective companies. Nothing in this press release should be
construed to the contrary, or as an approval, endorsement or
sponsorship by any third parties of Zuora, Inc. or any aspect of
this press release.
SOURCE: ZUORA FINANCIAL
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210916005300/en/
Margaret Pack press@zuora.com 619-609-3919
Zuora (NYSE:ZUO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Zuora (NYSE:ZUO)
Historical Stock Chart
From Apr 2023 to Apr 2024