ASC 606 & IFRS 15: How the new Revenue Standards will Impact Subscription Companies

This post is guest-authored by two experts at Zuora: Peush Patel, Director of Finance and JingJing Xia, Sr. Product Marketing Manager. Zuora is the industry leader in subscription billing, e-commerce and finance and a valued partner of Leeyo Software. Patel is the Product Management Director for Finance at Zuora. Before Zuora, he led the Revenue Management product at […]

How the Internet Is Saving Culture, Not Killing It

Excerpts from an article by Farhad Manjoo in The New York Times In the last few years, and with greater intensity in the last 12 months, people started paying for online content. They are doing so at an accelerating pace, and on a dependable, recurring schedule, often through subscriptions. And they’re paying for everything. You’ve […]

Subscriptions are more than just flipping a switch

Excerpts from an article by Otto Berkes in CIO.com One of the great things about working in technology is the never-ending challenge of working in an industry that is continually shifting under your feet. Right now, one of these waves is the shift to subscription-based businesses that is taking hold around the world. Make no […]

The Times’ subscription sales jump 200 percent since pivoting from breaking news

Excerpts from an article by Jessica Davies in DigiDay British newspaper The Times has seen subscriptions sales jump 200 percent in the last year, since it pivoted from publishing on a breaking-news cycle to a digital editions-based publishing strategy a year ago. Subscriber churn is also at a record low, down 4 percentage points compared […]

ASC 606 / IFRS 15 Changes Aplenty for Subscription Businesses

Do you subscribe to the theory that change is good? Ehhh, ‘yes,’ ‘no,’ or even a ‘depends on my mood,’ any answer is fine with us. We’re simply wedging in use of the word ‘subscribe’ to highlight our recent article in partnership with our friends – and frequent collaborators – at Zuora for FEI Daily […]

The Top Five Changes in ASC 606/IFRS 15 for Subscription-Based Businesses

This article is co-written by Peush Patel and Jagan Reddy and reposted from financialexecutives.org. Peush Patel is the Product Management Director at Zuora. Jagan Reddy co-founded Leeyo Software in 2009 and has served as President and CEO since inception.   The new guidance will cause all companies to rethink how they compute their revenue and […]

Niche Subscription Video Services Between Boom and Bubble

Excerpts from an article by Janko Roettgers in Variety Parks Associates estimates that there are now close to 100 video subscription services in the U.S. and Canada. Barely a week goes by without a network or a studio announcing the launch of another subscription service, with many betting on niche programming to establish themselves next […]

Processing Dual Books is Not Just Processing Dual Revenue

By Jim Staats, Senior Account Manager at Zuora The incoming revenue recognition standards, ASC 606 / IFRS 15, naturally mean a lot of changes to just about every company in all industries. Right now, companies (at least the few not dawdling) should be looking at comparative sets of financials to see how things look today and how they’ll […]

Crazy Eights: Meet the Revenue Experts in Eight Fun Questions

Editor’s note: Today’s post is the latest in a series of introductions to the people behind RevPro, the world’s leading revenue recognition automation solution.  Arun Venkataraman represents Zuora as a Director of Customer Support, having joined the company one year ago. He has vast experience in supporting monthly/quarterly close processes for all types of businesses […]