Zuora‘s patent involves a system for recognizing and allocating revenue from subscription-based products. The system allows merchants to define subscription terms, performance metrics, and revenue rules for different services offered to customers. It also enables the creation of customer accounts and tracks revenue recognition and allocation based on set rules. GlobalData’s report on Zuora gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Zuora, Social media analytics was a key innovation area identified from patents. Zuora's grant share as of January 2024 was 54%. Grant share is based on the ratio of number of grants to total number of patents.
Revenue recognition and allocation for subscription-based products
A recently granted patent (Publication Number: US11887197B2) discloses a server system operated by a first entity that facilitates the recognition and allocation of recurring revenue generated from subscription-based products offered by various merchant systems to different sets of customers. The system includes a computer-readable medium storing instructions and shared code objects for generating merchant-specific objects. These objects enable merchants to define subscription-based products, including performance metrics, revenue recognition rules, and revenue allocation rules. The system provides interfaces for merchants to create customer accounts associated with specific subscription-based products, documenting received funds, identifying recognition events, triggering revenue recognition based on these events, and allocating revenue shares to different business operations.
Furthermore, the patent describes a computer-based method executed in the server system, allowing merchants to access shared code objects to define subscription-based products for different sets of customers. The method includes creating customer accounts, documenting received funds, identifying recognition events, triggering revenue recognition, and allocating revenue shares. Additionally, the method involves determining changes in previously recognized revenue and reallocating revenue accordingly. The system also includes modules for managing products, subscriptions, and generating billing events. Overall, the patented technology streamlines the process of managing recurring revenue from subscription-based products, providing a structured approach for revenue recognition and allocation based on predefined rules and metrics, enhancing efficiency and accuracy in financial operations for merchants and entities utilizing the system.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
