Using our framework, businesses can deliver subscription-based “as a service” offerings
In the ever-changing business world, companies are expanding their operations to include subscription-based models. These result in a win-win for both businesses and consumers, as they provide businesses with a consistent and predictable revenue stream and allow customers to take advantage of flexible pricing options.
In this model, a business relationship with the customer is fueled by the quote-to-order-to-cash-to-revenue process, where a subscription can undergo multiple changes. This affects billing, collection processes, and company revenue. To capitalize on the growth opportunities that subscription-based services offer, an enterprise must have a strategy for efficiently adopting this business model.
Transform business operations with Wipro ZOTEC
Wipro ZOTEC enables organizations to begin this transition using Zuora, one of the leading platforms of subscription-based services. This framework guides customers through an accelerated Zuora adoption with expert recommendations and best practices for adhering to industry standards, and as a Zuora partner, we deliver a unique level of expertise.
With Wipro ZOTEC, companies can discover gaps in their current operations and eliminate them by implementing SaaS-based tools that automate billing, payment, and other manual processes. It brings a collective set of expertise, implementation methods, and differentiators that fast-track the implementation of subscription-based services.
A quick plug-and-play solution to kick-start subscription models
Wipro ZOTEC provides Zuora as a tool that offers a suite of SaaS applications to help businesses on their journey into the subscription economy. Our seasoned professionals are experts in “as a service” offerings, integration, and cloud-based services, with experience delivering tech benefits to enterprises around the globe to accelerate their business transformation.
As a part of our framework, we offer structured and rigorous training programs to upskill our experts working with clients on the latest trending technologies. With our Zuora center of Excellence (CoE), we can put businesses on the path to becoming subscription economy experts.
Wipro’s partnership with Zuora and other vendors allows us to offer a comprehensive solution to quote-to-order-to-cash-to-revenue challenges. Wipro ZOTEC can also work in conjunction with different applications such as Informatica, Eloqua, Flexera, and Exactly, along with digital signature and CMS platforms.
Offerings
- Predefined templates for quick implementations and for tracking and reporting critical KPIs.
- Assistance with product catalog configurations and product management from our team of experts, allowing products to be segmented.
- Guidelines and best practices for managing the subscription life cycle.
- Integrated payment gateways and hosted payment methods for efficient payment collection processes.
- Predefined configurations that support revenue recognition and finance activities, such as segmenting general ledgers as per generally accepted accounting principles (GAAP) and ASC-606/IFRS-15.
- Integration with external tax engines, e-signature tools, and notification systems that provide customers with subscription updates or related events.
Key benefits
- Fast-track the Zuora adoption and delivery of subscription services.
- Receive industry-leading consultative and implementation services based on industry best practices, and gain out-of-the-box solutions for developing new business processes.
- Implement advanced technology platforms and architecture that support business processes and enable seamless customer experiences.
- Automate, streamline, and optimize business processes with methodologies that enable continuous improvement.
- Measure performance with critical KPIs and key strategies for improving process efficiency along with well-defined guidelines for customers.
