Zuora Outperforms ERP Vendors as the System of Record for the Subscription Economy
Summary
Companies with legacy ERP systems designed for a product economy are finding these new recurring revenue models are growing with lots of dynamic change that creates downstream pain for all roles in the finance organization. “The reason that traditional ERP systems are not able to fill the capability void in billing stems from their fixed, often brittle, and coarsely granular approach to anything outside general ledger,” wrote authors of the MGI Research report. “In the Subscription Economy, finance organizations must adopt a new system that enables them to evolve their pricing, billing, collections, and revenue accounting -- all while removing operational inefficiencies and driving more efficient growth. And compared to other SaaS-based solutions in the market, the authors of the report stated, “Zuora brand visibility, funding, pure-cloud architecture, deployment methodology, and size of channel separate Zuora from the rest of the next-generation, SaaS-only suppliers. Headquartered in Silicon Valley, Zuora also operates offices in Atlanta, Boston, Denver, San Francisco, London, Paris, Beijing, Sydney, Chennai and Tokyo.
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