Zoho Corporation, a leading global technology company, announced today that the Zoho Finance Platform has achieved its revenue growth by 50% year-over-year (YoY), establishing more than half a million companies across more than 160 countries. The global expansion of the Zoho Finance Platform’s cloud-based accounting application, Zoho Books which currently supports 180 currencies, and 17 languages and is supported by a sophisticated global tax engine that solves country-specific tax compliance challenges. Following today’s launch of Zoho Books in Mexico, just a few weeks after launching in Kenya, the accounting application now supports 14 editions, including a worldwide version.
There are not many finance platforms in the market accessible to expand global businesses. This involves supporting numerous countries, complying with continually evolving tax and regulatory rules, and more. By presenting 14 editions of Zoho Books – and expanding – the company is moving towards being the most comprehensive financial platform in the world, said Raju Vegesna, Chief Evangelist for Zoho.
Vegesna added Zoho will continue to be innovative, challenge the conventional wisdom and raise standards in the industry on what a finance platform can be and how businesses worldwide can benefit from it.
Introduced in 2011, Zoho Books is among Zoho’s five highest-grossing products, with YoY revenue growing at 50%. The accounting application extends editions around the world, including the US, UK, Canada, UAE, India, Australia, Kenya, and Mexico. Zoho Books is a government-recognized tax-compliant solution in the UK (MTD), UAE (FTA), Saudi Arabia (ZATCA), and India (GSP).
In a market where vendors are consolidating and moving out of countries, Zoho is doing the contrary: offering a solid platform for businesses worldwide, expanding its reach, continued Vegesna. The breadth of the suite, the depth of the platform, and the unified set of integrations—internal and external—along with a strong set of native mobile and desktop applications makes it attractive to businesses worldwide.
Zoho Finance Platform
Zoho’s Finance Platform includes solutions for accounting, inventory management, travel and expense management, billing and subscription management, and payroll management. These applications are built on the same underlying Zoho’s Finance Platform, enabling instant interoperability, seamless data flow, and unification across systems. Typically, businesses start using one of the finance products and then expand their usage to other applications within the suite. On average, customers using Zoho Books for more than one year adopt at least two other applications within the Zoho Finance Platform.
Powerful Network
Beyond products and the platform, companies can benefit from the depth of the network. The Zoho Finance Platform comes with a expanding network of payment opportunities, banks, travel partners and shopping carts. Businesses can also connect with any third-party applications through APIs and Zoho markets. This substantially reduces the need to invest in IT resources and facilitates businesses to go to market quickly with any change.
Zoho Finance Plus and Zoho Books Pricing
Zoho Finance Plus begins at $249 monthly per organization and comprises 10 users.
Zoho Books starts at $20 monthly ($15 billed per annum) for each organization. Additionally, it also comes with a free plan.
Zoho Privacy Promise
Zoho, respects user privacy and does not have an ad-revenue model in any part of its business, as well as its free products. The firm owns and operates its data centres, ensuring complete oversight of customer data, security, and privacy. Over 80 million users across the globe, around hundreds of thousands of firms, rely on Zoho everyday to run their businesses, Zoho itself.
About Zoho
With 55+ apps in almost every major business category, Zoho Corporation is one of the world’s most prolific technology firms. Headquartered in Austin, Texas, with international headquarters in Chennai, India, Zoho is privately held and profitable with more than 12,000 people.