Zoho Corporation, the global technology company, has announced the launch of Zoho Billing Enterprise Edition and Zoho Spend, two new solutions to help finance teams monetise through modern revenue strategies, improve spend controls, streamline procurement, and gain end-to-end financial visibility. 

These new offerings are built-for-scale and meet the high complexity needs of larger businesses.  

Sivaramakrishnan Iswaran, Global Head of Zoho Finance and Operations BU & CEO of Zoho Payment Technologies said: “With businesses increasingly looking for ways to operate with full financial visibility, improve time-to-market, and make smarter decisions, billing and spend management can no longer be an afterthought. 

These critical areas have become strategic aspects that define an organisation’s profitability, agility and long-term growth. With Zoho Billing and Zoho Spend, businesses can turn their billing operations into a revenue engine, and spend management into a source of savings.”

He added: “These solutions empower businesses to launch products faster, experiment with pricing, and create unprecedented insights into every major area of their company’s spend including payroll.”

In today’s landscape, rapid shifts in consumer behaviour have created a growing need for merchants to offer customers the flexibility to pay based on actual consumption. With businesses using rigid tools, it becomes difficult to manage unpredictable pricing, fluid contracts, ultimately making revenue recognition more complex and error-prone. 

Zoho Billing Enterprise Edition is an efficient alternative that help businesses gain high flexibility to monetise through any modern revenue strategy, with the scalability to handle any volume and solve the most complex billing scenarios.
 
The enterprise billing solution gives businesses full control across what they charge whether products, services, or projects, define how they charge via standard, volume/tiered, or consumption models, and configure when they charge. 

The solution offers 15 country-specific editions that are compliant with the regional tax regulations including UK’s VAT. Zoho Billing also offers e-invoicing support for nine countries such as India, Germany, and Kingdom of Saudi Arabia, helping businesses to ensure compliance as they scale globally.  

With automated collection workflows, businesses can reduce Day Sales Outstanding (DSO) or average number of days it takes to get paid, and ensure timely payments. The solution’s customer lifecycle management capabilities streamlines their customer’s subscription journey from trials, conversion, plan changes to retention. 

The built-in revenue recognition capability that is in line with IFRS 15, and ASC 606, helps finance teams automate revenue recognition, accelerate month-end close process, and gain real-time visibility into revenue performance. 

The solution further supports businesses with market agility by helping them quickly adapt pricing models and monetise their offerings. Additionally, Zoho Billing Enterprise Edition also enables businesses to create role-based dashboards and reporting, helping teams cut through the clutter with tailored insights.

A significant share of a business’ total spend include procurement, payroll, travel, and employee expenses, yet many organisations rely on disconnected systems which limit full visibility and control. 

As a result, finance leaders lack 360-degree insights into company-wide expenses and purchases, managers don’t have an efficient way to track approvals or compare budgeted vs actuals, and employees don’t have a unified way to track reimbursements or purchase requests. 

This siloed approach leads to fragmented oversight, compliance gaps and unmanaged costs.

Zoho Spend is an all-in-one solution to manage procurement, Accounts Payable (AP) automation, corporate travel, and employee expense. The application brings together every major spend category into a single platform, offering holistic visibility and tighter spend controls.

The comprehensive dashboard provides a consolidated view into each of these critical areas, allowing finance and business leaders to take control of their budgets, strengthen governance, and curb maverick spend, turning spend management into a strategic advantage.

Zoho Spend simplifies the entire sourcing-to-pay process, enables digital vendor onboarding, and helps manage RFQs, purchase requisitions, Purchase Orders (POs), and bills all from a single place. 

The solution also delivers vendor-level and category-level insights that strengthen negotiations and enhance procurement efficiency. The AP automation capabilities help capture bills automatically with OCR-based scanning, streamline 2-way and 3-way matching, provide payment approvals, make batch payments, automate reconciliation, improving accuracy and accelerating the payables cycle.

Businesses can leverage the solution to streamline their corporate travel with the self-booking capabilities for employees providing policy-controlled options that leverage a comprehensive global inventory. 

Organisations managing travel through a travel desk can automatically assign travel requests to agents, ensuring every booking is tracked, managed and completed efficiently. 

The expense management capabilities automate the entire expense reporting process from receipt capture to reimbursements while improving compliance with policies, per diem rules, tax and mileage regulations.