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

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

Banking & FinanceSoftwareTop Stories

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 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 the launch of Zoho Books in Mexico, a few weeks after launching in Kenya, the accounting application now supports 14 editions, including a global version.

“There are not many finance platforms in the market available to growing global businesses. This requires supporting multiple countries, complying with constantly evolving tax and regulatory rules. By offering 14 editions of Zoho Books – and growing –  we’re moving towards being the most comprehensive financial platform in the world,” said Raju Vegesna, Chief Evangelist for Zoho.

“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.”

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

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