NEWS
Zoho Finance Platform achieves 50 % year-over-year growth
Zoho Finance Platform has achieved 50 % year-over-year ( YOY ) revenue growth , supporting more than half a million businesses across more than 160 countries .
Driving the growth is the global expansion of its cloud-based accounting application , Zoho Books , which now supports 180 currencies , 17 languages , and is backed by a comprehensive global tax engine that solves country-specific tax compliance challenges .
Following the launch of Zoho Books in Mexico , a few weeks after launching in Kenya , the accounting application now supports 14 editions , including a global version .
“ There are not many finance platforms in the market available to growing global businesses . This requires supporting multiple countries , complying with constantly evolving tax and regulatory rules . By offering 14 editions of Zoho Books – and growing – we ’ re moving towards being the most comprehensive financial platform in the world ,” said Raju Vegesna , Chief Evangelist for Zoho .
“ We will continue to be innovative , challenge the conventional wisdom and raise the bar in the industry on what a finance platform can be and how businesses globally can benefit from it .”
Launched in 2011 , Zoho Books is among Zoho ’ s five highestgrossing products , with revenue growing 50 % YOY . The accounting application offers editions across the globe , including the US , UK , Canada , India , Australia , UAE , Kenya and Mexico . Zoho Books is a government recognised tax-compliant solution in the UK , Saudi Arabia , UAE and India .
Elea Digital announces sustainability-linked bond issued by a data center operator in Latin America
Financial resources will be used by Elea
Digital , a Brazilian edge data center ecosystem , to significantly reduce water usage in its operations , reaching ambitious targets that will place the company among the most efficient in the world . Elea Digital will invest in more advanced and sustainable equipment that allows a more efficient use of water in the cooling process of its data centers while maintaining an efficient use of energy .
According to Alessandro Lombardi , Chairman of Elea Digital , the company , since its foundation , has been committed to positive socio-environmental actions . “ Today , Elea Digital takes the lead on the commitment with sustainability in the digital infrastructure sector in Brazil ,” said Lombardi . “ We trust that other players may be inspired by our pioneer path .”
The project had the support of three of the largest financial institutions in Brazil and showed adherence in the support of sustainability initiatives . The transaction can inspire other players to follow this sustainable direction .
“ We are proud to be lead coordinator of the first sustainability linked bond of Elea Digital which also is the first one in the data center industry ,” said Rafael Garcia , Head of Fixed Income at Bradesco BBI . “ By committing to environmental and social targets , the company innovates and fosters sustainable practices in a relevant sector .”
www . intelligentcio . com INTELLIGENTCIO LATAM 11