Latest release introduces support for SEPA (Single Euro Payments Area), and delivers more invoice configuration controls
Foster City, CA – January 9, 2014
Zuora, the subscription billing, commerce and finance leader announces the availability of its Dec ‘13 release. This release introduces features that focus on support for new payment standards in the European Union, increased maximum invoice items for complex, multi-layer sales channels, and new configurability for invoice templates.
Highlights of this release include:
Support for SEPA
Beginning in February 2014, 33 countries in Europe will begin using new standards for electronic payment transactions conducted in Euros. These standards are covered under the SEPA (Single Euro Payments Area) initiative of the European Union. With this release, Zuora’s payment operations have been updated to incorporate support for SEPA standards, ensuring that merchants in Europe that use Zuora can receive electronic payments in a SEPA-compliant manner.
New Maximum for Invoice Items
Merchants with partner and reseller sales channels often have a need to send invoices that consolidate thousands of items that represent a complex multi-level billing hierarchy. With this release, Zuora has increased the maximum number of charges allowed per invoice to 5000, to meet the needs of merchants with complex multi-layer billing relationships.
New Configuration Option For Zero Dollar Items
Invoice templates now include a new parameter to hide zero dollar line items from display, either at the subscription or the rate plan level.
All of Zuora’s hundreds of customers automatically received this product update with no negative impact to existing configurations and customizations. This is only possible with the modern, multi-tenant SaaS architecture found in Zuora’s Z-Business platform. Customers can read about the details of the Dec ‘13 release here.
Sr. Vice President of Product Strategy and Product Management at Zuora, Guillaume Vives commented: “The number one payment method in Europe is Direct Debit. And I’m proud to announce that Zuora is one of the only subscription billing vendors to support SEPA, the new payment standard throughout the European Union.
About Zuora, Inc.
Zuora is the global leader in Relationship Business Management (RBM) solutions. Zuora delivers the subscription commerce, billing and finance capabilities that have become the industry standard to help companies transition to the Subscription Economy. Enterprises and emerging companies alike use Zuora’s multi-tenant cloud solution to streamline key processes, provide visibility into the metrics that matter most and serve as the financial engine of the business. Zuora services innovative customers like Informatica, Tata Communications, Box, Zendesk, DocuSign, Xplornet, Ustream and Reed Business Information. To learn more about Zuora, please visit www.zuora.com, Like us on Facebook, follow us on Twitter, join us on LinkedIn, hang out with us on Google+, or visit Z Blog.