Headquartered in Chennai, technology company Zoho announced the launch of Zoho Billing, an expanded version of the current application, Zoho Subscriptions. Zoho Billing, built specifically for growing businesses, is a multifaceted billing solution that allows users the flexibility to experiment with pricing and the ability to go to market swiftly.
"Today’s dynamic environment demands businesses to be more experimental and adaptive in their pricing strategies. Unfortunately, SMEs don’t have many choices when it comes to a comprehensive billing solution, and this is where Zoho Billing stands out, "said Sivaramakrishnan Iswaran, global head of Zoho Finance and Operations Suite. "Zoho Billing helps businesses to be proactive by offering them complete control of their billing processes, helping them act fast on opportunities, and serving as an important touchpoint for customers, thereby providing them a competitive edge."
The company claimed that the new launch has a user-friendly UI with versatile billing functionalities like estimates, retainer invoicing for advance payments, one-time or flat-fee billing, project billing, expense billing, and Quote-to-Cash (Q2C). Businesses can also leverage features like consolidated billing, metered billing, online payment collection, and record offline payments. Businesses selling mobile app subscriptions through app stores like Apple's AppStore or Google Play store can integrate their billing, maintaining a unified backend across selling channels.
The application has critical functions for subscription-based businesses like trial management, prorated billing, customer lifecycle management, and retention helping them manage their customer subscriptions more efficiently.
It also offers 13 country-specific editions including India, that help businesses to be compliant with the regional tax regulations. Businesses outside of these countries can leverage the global version to configure the tax settings according to their local tax laws.
In Addition, it offers 50+ reports, providing metrics on accounts receivable, cash inflow, recurring revenue, and customer subscriptions, enabling businesses to make data-driven decisions.