Zoho Finance Plus: Essential for Accounting

The finance department of any organization follows more or less similar business processes from the initial point of interaction with the customer to the checkout and everything in between including invoice sending, managing, and tracking receivables or payables along with expense reimbursement.

On top of this, a finance department regularly uses multiple applications for mundane account tasks to corporate clients’ bookkeeping. This makes the simple process difficult. Therefore, to lessen this hassle,  Zoho has introduced a finance suit known as ‘Zoho Finance Plus.’

It includes all essential applications that a finance department requires from professional invoice creation to transaction, subscription management, payment, order & warehouse management, expense reporting, etc. This means you won’t have to switch between multiple applications because of required features of multiple applications will be available in a single dashboard.

Here in this article, you will find a complete overview of Zoho Finance Plus, a suite of applications catering to every need of a financial department.  Moreover, the overview of all 06 applications includes features and in-depth analysis.

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Applications Offered by Zoho Finance Plus

Zoho Subscription

Every business whether it is providing services on a recurring basis or selling products that include one-time transactions requires a system that tracks the customer and charges fairly. For this very reason, Zoho Subscription comes in handy. Using this, a business can create multiple Subscription plans along with landing pages for multiple products and services.

Simultaneously, offer coupons and deal to entice customers to opt for a recurring subscription payment plan. And to save time, one can create an automatic workflow to direct customers and aid them throughout their journey to checkout.

05 Salient Features of Zoho Subscription:

  1. Subscription-based billing and tailored subscription experience are some of the most essential features. It is designed to charge customers fairly, based on their usage or subscription plan.
  2. Payment Cycle consists of recurring payments and one-time transactions. This allows the user to create a custom payment plan and offer liberty to the client for modification through a self-service portal.
  3. PCI compliant page is another feature of Zoho Subscription. This means the client can enjoy safe and secure transactions.
  4. Controlled Churn rate against involuntary churn along with failed payment.
  5. Subscription Metrics and Customized Billing API are other notable features of Zoho subscriptions that makes subscription plan tracking and scaling easier for the finance officers.

Zoho Invoice

After the confirmation of the Subscription plan, the next step of billing is directing the customer to the payment page with e-invoicing instantly. In fixed service-based subscriptions such as Netflix, Amazon, etc. the business doesn’t require multiple invoice modification hence, the payment process is simple and automatic.

However, when it comes to businesses offering customized service varying with the charges, they had to modify service estimates and invoices multiple times until the client accepts the invoice. In such a situation, Zoho Invoice offers complete support to the companies by offering freedom to create professional invoices to tracking invoice status and payment reminder follow-ups.

04 Salient Features of Zoho Invoice

  1. With Invoice, companies can give multiple estimates and invoices to clients with personalized terms and conditions. This further can be tracked in real-time.
  2. Professional Invoice creation is the second benefit. This allows the customer to create a customized invoice that contains the company’s logo to images, etc. In addition to this, the invoice support multiple currencies and languages.
  3. Automatic Payment Reminder. Other than email, the business can send a reminder via SMS and self-portal. Moreover, with automation businesses can automate this process and save the time of keeping track of payment status and follow-ups.
  4. Accept Payment virtually is the last and notable feature that also offers PCI compliance and multiple currency support. Along with this, it allows the clients to pay in their local currency via credit card, debit card, Net banking, cheque, etc.

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Zoho Books

The actual client’s account management starts after the successful payment of an invoice. This includes a detailed account of everything from the transaction details to payable amount, complete service period, and the number of recurring payments.

For a business with more than 100 clients or subscribers to cater, Zoho Book offers multiple features that help businesses in managing the complete account of every single client from one dashboard. Hence with the help of automation, the possibility of the missed payment reminder is significantly reduced and support Zoho Integration with QuickBooks and Zoho Integration with QuoteWerks along with Zoho CRM Integration with Zoho Books.

04 Salient Features of Zoho Books

  1. It offers a one-stop solution to every finance need that makes Receivables and Payable Management with few keystrokes.
  2. Fetch Bank Feed automatically and offers a complete overview on companies’ spendings, liabilities, and expenses, etc.
  3. Comply GST, VAT, and Sales Tax.
  4. Manage, track, and update documents, receipts, and payments from one dashboard.

Zoho Checkout

The second last step in the finance operations management process is managing clients’ invoices and directing them to proceed to the checkout pages. Unlike detailed invoices, the checkout page only contains essential information such as the client’s name and credit card details, company’s account information, and payables. Moreover, they are web embedded. This means the information provided by the clients is safe in the cloud and the transaction is secure that follows international PCI compliance standards.

03 Salient Features of Zoho Checkout

  1. Personalized and PCI compliant Customer Payment pages.
  2. Support One Time Or Recurring Payments.
  3. Empower customers by allowing them to in local currency and through localize payment gateways.

Zoho Expense

The last process of every business is an expense to profit calculations. This includes assessing all 05 accounts and determining whether the company is making profits or falling in the breakeven category. Moreover, with Zoho expense, the companies can create customized reports that analyze the expense and present them in a readable format.

02 Salient Features of Zoho Expense

  1. Online and offline travel arrangements and support virtual reimbursement process.
  2. Interactive Expense report that contains custom charts, graphs, metrics, etc.

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Conclusion

Zoho Finance Plus offers 06 pre-built applications that make financial management easy. Moreover, if you want to get in touch with the Zoho Integration Consultant to learn more about Zoho Finance applications then contact Techloyce. We are recognized Zoho Consultants and certified Zoho Partners for comprehensive  Zoho Books Integrations and other Zoho Finance apps integration and implementation.

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