Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription management platform provider, today announced MGI Research (MGI) ranked Zuora Revenue #1 for Automated Revenue Management (ARM) products and strategy in the MGI 360™ Rankings and MGI Buyer’s Guide – Market Rankings Report. Zuora Revenue also maintains a positive analyst outlook of MGI.
Zuora®, which powers the full cash and revenue accounting process, has been recognized by the industry for its billing and revenue offerings. Zuora Billing Holds Strongest Position in IDC MarketScape’s Leaders Quadrant: Subscription Management Applications Worldwide1.
MGI Research predicts ARM market to reach $8.17 billion by 20262. As businesses unlock new revenue streams with a variety of subscription, consumption-based, and unique pricing models, the financial close process becomes increasingly complex. Zuora Revenue enables businesses to automatically recognize, reconcile, and analyze their revenue to close accounts up to 50% faster.
Zuora Revenue received top rankings from MGI in:
Product: MGI has recognized Zuora Revenue as the top choice for the company.
Strategy: Zuora Revenue was highlighted for its vision of expanding both in terms of features and market reach within the ARM space.
“Diversification and expansion of business models provide new monetization opportunities for companies, but it also makes automating revenue recognition even more critical given the new complexities,” said Karthik Ramamoorthy, Managing Director and Vice -President of Products at Zuora. “Zuora is honored to be recognized by MGI for Zuora Revenue as we continue to innovate for sophisticated business needs.”
Powering revenue recognition for any business model, from subscription to one-time and consumption-based services, Zuora Revenue enables businesses to manage the entire process from quote recognition to cashing and income, even with frequent changes.
“Combining Zuora Billing and Zuora Revenue was critical as our product setups became more complex with new packages and pricing options,” said Warren Washington, Chief Financial Officer at BigCommerce. “Now, with Zuora’s comprehensive cash quote and revenue recognition solution, we have the agility to roll out new plans quickly and easily.”
“With deep expertise in the field of revenue automation, Zuora Revenue continues to be a top choice in the ARM space,” said Andrew Dailey, co-founder and managing director of MGI Research. “We have now seen Zuora Revenue succeed in a growing number of industries, and we look forward to seeing a wider range of customer sizes and use cases come to fruition.”
MGI 360 Ratings provides a comprehensive system for rating technology companies. To learn more about Zuora Revenue and ratings, 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 specifically designed for dynamic and recurring subscription business models, and acts as an intelligent subscription management hub that automates and orchestrates the entire cash quote and revenue recognition process. Zuora serves more than 1,000 companies worldwide, including Box, Ford, Penske Media Corporation, Schneider Electric, Siemens, Xplornet, and Zoom. Based in Silicon Valley, Zuora also operates offices around the world in the US, EMEA and APAC. To learn more about the Zuora platform, please visit www.zuora.com.
© 2022 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. The third-party trademarks referenced above belong to their respective companies.
About MGI Research
MGI Research is an independent research and advisory firm specializing in disruptive trends in the technology industry. Through subscription research, consulting engagements, studies and industry assessments, MGI Research helps clients identify opportunities to reduce IT costs and minimize technology risk. MGI Research analysts work closely with user organizations to create practical strategies for new technology initiatives such as mobile, virtualization, SaaS, and cloud computing, and make timely investment decisions. computer science. For more information, to purchase a subscription, or to schedule a confidential consultation, call +1 888 801 3644 or visit mgiresearch.com.
SOURCE: ZUORA FINANCIAL
1 IDC MarketScape, “Global Subscription Management Applications”, Vendor Assessment 2019-2020
2 MGI Research, “MGI Forecasts – ARM Software Global TAM Forecast 2022-2026”, March 2022