Entrepreneurship is a worldwide phenomenon, with small businesses opening up in huge numbers globally. To help those business owners, Zoho Corporation just announced that its Zoho Finance Platform now supports more than 500,000 businesses in more than 160 countries.
The impetus behind this growth is Zoho Books, the Finance Platform’s cloud-based accounting application, which now supports 180 currencies and 17 languages and features a comprehensive global tax engine that solves country-specific tax compliance challenges. With the recent launch of the accounting app in Mexico, Zoho Books has 14 editions and a global version.
The comprehensive Zoho Finance Plus offers solutions for accounting, inventory management, travel and expense management, billing and subscription management, and payroll management.
Raju Vegesna, Chief Evangelist for Zoho, says, “There are not many finance platforms in the market that support growing global businesses. [Zoho is] moving towards being the most comprehensive financial platform in the world. We will continue to be innovative, challenge the conventional wisdom and raise the bar in the industry on what a finance platform can be and how businesses globally can benefit from it.”
Vegesna continues, “In a market where vendors are consolidating and moving out of countries, Zoho is doing the opposite—expanding our reach and offering a strong platform for businesses globally.”
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 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.
Small businesses can benefit from the strength of Zoho’s ecosystem through the growing network of payment gateways, banks, travel partners, and shopping carts available on the platform. Businesses can also connect with third-party applications through APIs and Zoho Marketplace. Vegesna says this significantly reduces the need to invest in IT resources and enables them to quickly go to market.
Zoho Finance Plus and Zoho Books Pricing
Zoho Finance Plus starts at $249 monthly per business and includes 10 users.
The cost for Zoho Books starts at $20 monthly ($15 billed annually) per business. And a free plan is also available.