Why The Zoho Finance Platform Has Parabolic Growth

I am a big fan of Zoho. Not just because it relocated corporate headquarters to my hometown of Austin, Texas, but because I find the value proposition of creating easy-to-use, affordable software for a broad range of functions with deep cross-integrations potentially disruptive to the cloud software industry. Consequently, I have followed Zoho for some time and have recently written several articles along the way, tracking progress as Zoho reached the eighty million user mark.

I recently saw a press release announcing 50% year-over-year (YOY) revenue growth for Zoho’s Finance Platform, which supports over half a million businesses across 160 countries. Fascinated with this recent news, I was thrilled to talk with Raju Vegesna, Chief Evangelist at Zoho, to understand the reasons behind the parabolic growth of Zoho’s Finance Platform.

Few finance platforms support growing global businesses

Early this year, Intuit announced that QuickBooks products would no longer be available in India. The financial software is a market where prominent vendors are moving out of countries, whereas Zoho is doing the opposite. Why is that?

Zoho’s Finance Platform includes solutions for accounting, inventory management, travel and expense management, billing and subscription management, and payroll management. The most popular application on the platform is Zoho Books, a cloud-based accounting application. Zoho Books supports 180 currencies and 17…