Zoho Finance Platform achieves 50% year-over-year growth

Zoho Corporation, a leading global technology company, announced today that the Zoho Finance Platform has achieved 50% year-over-year (YOY) revenue growth, supporting more than half a million businesses across more than 160 countries. 

Driving the Platform’s growth is the global expansion of its cloud-based accounting application, Zoho Books, which now supports 180 currencies, 17 languages, and is backed by a comprehensive 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 global version.

Launched in 2011, Zoho Books is among the five highest grossing Zoho products, with revenue growing 50% YOY. The accounting application offers editions across the globe, including Canada, the US, UK, India, Australia, UAE, Kenya, and Mexico.Zoho Books is a government recognised tax-compliant solution in the UK (MTD), Saudi Arabia (ZATCA), UAE (FTA) and India (GSP). 

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 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 finance suite.  

Powerful ecosystem 

Beyond products and the platform, businesses can benefit from the strength of the ecosystem. The finance platform comes with a growing network of payment gateways, banks, travel partners and shopping carts. Businesses can also connect with any third-party applications through APIs and Zoho Marketplace. This significantly reduces the need to invest in IT resources, and enables them to go to quickly-market with any change.  

Zoho Finance Plus and Zoho Books Pricing: 

Zoho Finance Plus starts at CAD $349 monthly per organization, includes 10 users. 

Zoho Books starts at CAD $20 monthly ($15 billed annually), per organisation. It also comes with a free plan. For more information on pricing please visit: www.zoho.com/books/pricing/

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