Offerings for Leaders Disrupting Markets in Post-Digital Era
Zuora is proud to announce that today Constellation Research once again named Zuora to the Constellation ShortList™ for Smart Services Digital Monetization Platforms Q1 2019. The technology vendors included in the Constellation ShortList offer the key requirements for early adopters pursuing digital transformation initiatives.
Constellation Research advises leaders on leveraging disruptive technologies to achieve business model transformation. Products and services named to the Constellation ShortList meet the threshold criteria for this category as determined through client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research. The portfolio is frequently updated as market conditions change.
The Constellation ShortList program offers buyers of technology a list of offerings to consider in their pursuit of digital transformation.
Solutions on the Constellation ShortList are selected by Constellation analysts through a research process that includes client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research.
The emergence of the Subscription Economy has driven the birth of new digital business models. According to R “Ray” Wang, chairman and founder at Constellation Research,
“The Post-Digital era has arrived.”
This, in turn, has driven the creation of a new category of solutions known as Digital Monetization Platforms. Digital Monetization is the ability to support new monetization strategies including subscriptions and consumption models (along with traditional strategies such as one-time transactions).
As Wang notes, “In a world of winner-takes-all markets, digital leaders seek clarity on what exponential technologies will support their new business models. This Constellation ShortList filters the signal from the noise and highlights the key technologies our analysts recommend to our clients.”
Constellation considers the following criteria for their evaluation of digital monetization solution. Here we provide a bit more info about how Zuora relates to each of these criteria:
— Account management. Did you know there are, on average, 4 changes to a subscription every year? That’s why account management is so key when it comes to recurring revenue models. Check out our latest Subscribed Benchmark on how Subscription Changes Lead to 3X Subscription Growth.
— Alerts and notifications. Here’s a short synopsis of some of the notification alerts that are supported by Zuora.
— Billing. Check out a demo of our billing product.
— Complex event processing/workflows. See what functions and events Zuora can automate through its Workflow solution.
— Configure, price, quote (CPQ). The new CPQ is all about configuring deals not configuring products.
— Contracts . Learn how Zuora supports dynamic contract life cycle changes with our subscription amendments feature.
— Financials. New monetization strategies have downstream impacts to revenue recognition and financials. See how Zuora RevPro alleviates the pain of revenue recognition.
— Invoicing. Check out this handy introduction to invoicing on Zuora, from creating custom invoices to cancelling posted invoices, and everything in between.
— Integration and orchestration. View integration blueprints to see how Zuora integrates with other systems.
— Partner platforms. From payments and taxes to accounting and beyond, Zuora has built strong partnerships for every aspect of implementation.
— Pricing. Zuora fully supports pricing flexibility. Check out this hands-on guide for smart pricing design.
— Product catalog and PIM. Define your products and pricing with ease in our product catalog.
— Reporting and analytics. From out-of-the-box reports to customized reports, learn how you can use the Zuora dashboard for reporting.
— Marketplace or trading network support. Check out the Zuora Connect app marketplace with 100+ pre-built apps and integrations to tailor Zuora to your specific needs.
View the entire shortlist for Smart Services Digital Monetization platforms here.
And check out this great video of Ray Wang, Founder at Constellation Research, talking about digital transformation and the Subscription Economy at Subscribed San Francisco.
Disclaimer: Constellation Research does not endorse any solution or service named in its research.