Zuora Launches New Unified Monetization Solution to Help Customers Monetize Subscriptions as Well as Non-Subscription Offers, Unlocking the Subscription Economy for New Industries
September 16 2021 - 9:00AM
Business Wire
Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription
management platform, today announced an all new Unified
Monetization solution at The Journey to Usership™: A Day for Zuora®
Customers event. As consumers increasingly prefer usership to
ownership1, businesses are finding new ways to turn products into
the ongoing services customers are demanding. To support these new
business models, for the first time, Zuora is opening up its
platform beyond pure subscription businesses. The solution will
enable companies to monetize their subscriptions, products, and
usage-based services with one unified experience.
With 75% of global consumers indicating2 they increasingly
prefer to use services rather than own physical goods,
product-centric companies are racing to complement their physical
goods with new subscription services. With Unified Monetization,
Zuora is empowering these companies to join the Subscription
Economy®. It also empowers digital-first subscription natives to
expand their services by including one-time offers to grow
subscriber relationships over time. Zuora customers now have the
freedom to monetize any combination of one-time, recurring, or
usage-based services to deliver differentiated ongoing subscriber
experiences.
Unified Monetization enables companies to monetize
anything-as-a-service, for example:
- Telecommunications-as-a-service unifying virtual meeting
licenses with web cameras and installation services
- Mobility-as-a-service unifying electric cars with electric
vehicle (EV) charging services
- Content-as-a-service unifying streaming video with live event
tickets
“Subscriptions are essential for transforming the next
generation of businesses, but they shouldn’t be the only option,”
said Sri Srinivasan, Chief Product and Engineering Officer at
Zuora. “To deliver the best ongoing subscriber experiences,
companies are looking to combine offerings in new ways, with a mix
of subscription, usage, and one-time offers.”
Also announced at The Journey to Usership, Zuora unveiled a host
of new enterprise and developer focused Central Platform
advancements to help companies move even faster, including:
- A new Software Development Kit (SDK) that empowers companies to
launch their new monetization applications up to 5X faster and
reduce coding hours by up to 80%
- New Configurable UI that gives business users a boost in in-app
user productivity with a completely configurable user
experience
- New IT tools that make deploying Zuora up to 30% faster
Zuora Central Platform is built to meet enterprise demands, with
customers who are processing more than three million invoices per
hour, and scaling with customers providing services to more than
100 million subscribers.
“We are thrilled to see Zuora’s pace of innovation to support
our non-recurring Consumable and Field Service offerings,” said
Trevor Owens, VP of Architecture at Quench. “Unified Monetization
will provide the flexibility to seamlessly bill for all our
products, subscriptions, and services on a single platform, and if
desired, a single invoice. This will eliminate tedious back-end
integration and data reconciliation efforts present today –
providing the immediate agility to monetize our water-as-a-service
on a single platform.”
“A subscription business model and an exceptional customer
experience are equal priorities for many organizations,” said
Stephen Hurrell, VP & Research Director at Ventana Research.
“The key aspect of a positive subscription model customer
experience can be summed up as ‘seamless.’ For companies with a
mixed business model, combining one-time sales with subscription
and usage-based products and services, this seamless processing is
of paramount importance to ensure that the consumer is not aware of
the potentially disparate systems supporting the overall
process.”
To learn more about Unified Monetization and Zuora’s new
enterprise platform enhancements, visit here.
About Zuora, Inc.
Zuora provides the 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.
SOURCE: ZUORA FINANCIAL
1The End of Ownership Report,” Zuora, 2021 2The End of Ownership
Report,” Zuora, 2021
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210916005299/en/
Margaret Pack press@zuora.com 619-609-3919
Zuora (NYSE:ZUO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Zuora (NYSE:ZUO)
Historical Stock Chart
From Sep 2023 to Sep 2024