SAN MATEO, Calif., July 31, 2017 (GLOBE NEWSWIRE) -- Zuora, Inc., the leading provider of subscription commerce, billing and finance solutions, was cited as a leader by Forrester in “The Forrester Wave™: Recurring Customer And Billing Management, Q3 2017” report (Forrester Research, Inc., July 31, 2017, Lily Varon). Among the nine vendors evaluated, Zuora® was ranked highest in both the Current Offering and Strategy categories.
Forrester writes, “Zuora is a thought leader, and the platform supports customers as they scale. Based in San Mateo, California, Zuora has a strong focus on thought leadership and innovation. The company has an aggressive product vision and roadmap with a goal to augment and enhance every business process and technology in the order-to-cash chain for subscription businesses.” The report goes on to say, “Additionally, Zuora’s product line allows firms whose business models may become more complex in the future to avoid future replatforming by graduating from the baseline Zuora product edition, Growth, to Enterprise and then to Nine (the full-featured edition) without disruption.”
According to the authors of the report, subscription billing management solutions are integral to a long-lasting customer experience. “As legacy technology becomes outdated and less effective, leading vendors will prove that they understand the customer experience impact of billing technology. How? These solutions will improve business agility for their buyers to react to changing market conditions; automate consequences to customer life-cycle changes; and provide actionable, recurring customer- and revenue-focused insights,” writes Forrester.
“Ten years ago, we predicted the emergence of the Subscription Economy® where companies large and small would shift their business models from shipping products to delivering subscriber services and would need a new system to support their transformation,” said Zuora Founder and CEO Tien Tzuo. “The market now recognizes Zuora as the leading platform to automate subscription order-to-cash operations for companies in all industries. We will continue to invest and innovate to ensure our customers flourish in the future of the Subscription Economy.”
Zuora’s momentum has continued to accelerate in 2016 and 2017, with the company reaching the following milestones:
Download “The Forrester Wave™: Recurring Customer and Billing Management, Q3 2017” report, here.
Customer and Partner Quotes
Additional Resources
“The Subscription Economy: A Business Transformation” by Tien Tzuo, CEO of Zuora
SlideShare: “Drivers of Success in the Subscription Economy”
MGI Research Forecast on Agile Monetization Platforms 2016-2020
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About Zuora, Inc.
Zuora is a SaaS company and the world’s foremost evangelist of the Subscription Economy. Zuora’s leading enterprise platform is the only solution that automates all subscription order-to-cash operations in real-time for any business. Companies in any industry can launch new businesses, shift products to subscription, implement new pay-as-you-go pricing and packaging models, gain new insights into subscriber behavior, and disrupt market segments to gain competitive advantage. Zuora serves more than 1,000 companies around the world in every industry, including Box, Komatsu, Rogers, Schneider Electric, Toshiba, Xplornet and Zendesk. The Subscription Economy Index (SEI) demonstrates that SEI companies are growing revenues approximately nine times faster than the S&P 500. Headquartered in Silicon Valley, Zuora also operates offices in Atlanta, Boston, Denver, San Francisco, London, Paris, Beijing, Sydney, Chennai and Tokyo.
© 2017 Zuora, Inc. All Rights Reserved. Zuora and Subscription Economy are 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. To learn more about the Zuora platform, please visit www.zuora.com.