App provider Zuora Inc. (ZUO) recently reported that Siemens Healthineers, a medical corporation that owns a vast variety of medical technology, has incorporated its offerings in the ecosystem.
Zuora will offer Siemens Healthineers its Zuora Billing and Zuora Sales solutions. Siemens Healthineers has over 120 years of service to date and 18,500 patients around the world. Zuora technologies would implement innovative market efficiency management techniques, as well as tools for the marketing of subscription services. For this reason, Siemens Healthineers plans to shift a considerable portion of its digital services portfolio to subscription, and technical assistance from Zuora has been chosen.
The introduction of cloud-based data storage and artificial intelligence (AI) has allowed medical technology innovations. That model has been at the forefront of Siemens Healthineers as it improves organizational productivity while optimizing patient outcomes.
The automation of the method of turning orders into revenues with Zuora solutions has already brought major advantages, according to Siemens Healthineers. The number of manual operations has also been decreased by more than 60%, and the processing time of the resulting data has been reduced by around 75%.
A common development in the IT industry is the selling of services by subscription. With the help of a subscription, many enterprises hope to get a stable cash flow and the necessary monetization versatility.
The major applications for Zuora are: Zuora Billing for subscription processing, and Zuora Rev for automation of revenue control and accounting for subscription income. Zuora also provides tools to help simplify the processes of setting up a contract, pricing, and payment processing.
Zuora, Inc. (ZUO) was though down -1.28% to $13.93 on Thursday, but was stable at 0.98 percent over the past week. The gain over the past month reaches to more than 20 percent whereas the performance over the past year dropped to about 5 percent.