Subscription Management Platform Zuora to Acquire Leeyo Software
Leeyo’s RevPro product is ASC 606 and IFRS 15 compliant.
Last week Zuora, Inc., a cloud-based subscription management platform, announced that it will acquire Leeyo Software Inc., a financial software and services company. As a result of the deal, Zuora will add Leeyo’s RevPro to its order-to-cash product portfolio. RevPro is a rules-based revenue recognition and forecasting solution that automates revenue processes to produce consistent and accurate revenue data. The cloud-based RevPro is ASC 606 and IFRS 15 compliant, new revenue reporting standards which go into effect in 2018 for public firms and 2019 for private firms
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