Zuora, a leading monetization platform, recently announced the launch of its AI-Ready Monetization Catalog. The purpose of this new catalog is to rapidly design, price. Also, launch new product offers without relying on IT assistance or manual workarounds. Specifically, it is designed for the AI era to be able to satisfy the need for dynamic and personalized products.
Knowing that businesses of today have to be very flexible with their pricing and also, come up with some complicated AI-driven offers quickly, the company came up with a solution. The Monetization Catalog is a tool that enables companies to fine-tune and personalize their pricing so that they can provide the best service to their customers and at the same time keep their financial records neat and run their business faster.
Key Features and Capabilities
The AI-Ready Monetization Catalog is a deliverable that ensures speed, agility, and intelligence through a few key components:
- Dynamic Pricing: With this functionality, a company can increase its income from pricing. This is by allowing it to automatically change according to characteristics like customer type, region, and usage.
- Bundles and Features: Through it, the business can package products into bundles and specify the access of customers to certain functionalities (Features & Entitlements). Thus, enabling them to charge at the feature level and sell more flexibly without any limitations.
- Usage-Based Pricing and Rating: The catalog is a complete solution for the specification of complex models like tiers, volume, overage, and prepaid/commit blocks. Thus, ensuring correct rating and revenue without the need for custom code.
- Unified Logic Across Channels: The product uses the same product rules in all sales channels (storefronts, CPQ, billing, and revenue). Thus, removing expensive reconciliation efforts.
- AI-Ready by Design: The catalog allows users to tag metadata for AI discoverability. This foundational work immediately lays the groundwork for future AI pricing optimization. This makes the data directly usable by large language models (LLMs) and internal copilots.
By powering the entire monetization process, Zuora aims to connect how offers are designed and sold to how they are ultimately billed, paid, and recognized.
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News Source: Businesswire.com
