Zuora Named Workday Services Partner

Zuora Connector for Workday Financial Management integrates its monetization suite with Workday's comprehensive suite of financial management solutions

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Zuora, Inc. (NYSE: ZUO), a leading monetization suite for modern business, today announced it has signed a partnership agreement with Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money.

Fewer than one-third of enterprises have fully automated order-to-cash, and 54% of CFOs agree that legacy ERP systems are not flexible enough to meet the demands of today’s business environment. By utilizing the certified Zuora Connector for Workday Financial Management, businesses can significantly enhance the accuracy of their financial processes while eliminating the need for manual integration of general ledger (GL) journal entries. This integration allows for streamlined workflows, reducing the risk of errors and saving valuable time for finance teams.

Zuora’s monetization suite allows organizations to build and scale any business model, from sophisticated usage-based pricing to creative subscription bundles, hybrid offerings and more. By partnering with Workday, Zuora will integrate its complete technology stack with Workday Financial Management to:

• Streamline recurring billing processes for a diverse mix of monetization models, pricing and packaging
• Simplify ASC 606 compliance and audits with automated revenue recognition and financial reporting
• Maximize agility across the technology ecosystem with near-real-time insights into customer and revenue data to inform business decisions

"We are thrilled to partner with Workday to power the full order-to-cash process while increasing flexibility through a dynamic mix of business models," said Daniel Enekes, Vice President, Global Alliances at Zuora. "Together, Zuora and Workday will empower companies to accelerate their monetization strategies and drive sustainable growth."

The partnership also presents significant opportunities for system integrator (SI) partners who specialize in implementing Workday. By leveraging Zuora’s monetization suite together with Workday, SI partners can offer their clients a more comprehensive solution.

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About Zuora, Inc.

Zuora provides a leading monetization suite to build, run and grow a modern business through a dynamic mix of usage-based models, subscription bundles and everything in between. From pricing and packaging, to billing, payments and revenue accounting, Zuora’s flexible, modular software platform is designed to help companies evolve monetization strategies with customer demand. More than 1,000 customers around the world, including BMC Software, Box, Caterpillar, General Motors, The New York Times, Schneider Electric and Zoom use Zuora’s leading combination of technology and expertise to turn recurring relationships and recurring revenue into recurring growth. Zuora is headquartered in Silicon Valley with offices in the Americas, EMEA and APAC. To learn more, please visit zuora.com.

Forward-Looking Statements

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Information on these risks and additional risks and uncertainties that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this release is included under the caption “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended January 31, 2024 and the Quarterly Report on Form 10-Q for the most recent fiscal quarter, which is available on the “Investors” page of our website at https://investor.zuora.com and on the U.S. Securities and Exchange Commission’s website at www.sec.gov. Additional information will also be set forth in other documents that we may file from time to time with the Securities and Exchange Commission. All forward-looking statements contained herein are based on information available to us as of the date hereof. Except to the extent required by law, we do not assume any obligation to update these statements as a result of new information, future events, or otherwise.

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SOURCE: ZUORA, INC.