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Zoho Books’ India revenue up 81% in 2021

The biggest challenge is acquiring customers. However, while the Customer Acquisition Cost has gone up due to macroeconomic pressures, Zoho is seeing strong retention rates.

November 19, 2022 / 07:22 AM IST

Zoho Corporation, the Chennai-headquartered global technology company, has seen 81 percent annual growth in India in 2021 in its Zoho Books business, while the Zoho Finance platform has achieved 50 percent year-on-year (YoY) growth globally. Zoho Finance supports more than half a million businesses across 160 countries.

Zoho Books is an online accounting service that automates business workflows and helps collaborate across departments.

Zoho Finance includes Zoho Books, but also offers solutions for inventory management, travel and expense management, billing, subscription management, and payroll management.

Zoho recently conducted a survey to understand how accountants and financial advisors benefit from using cloud accounting software instead of legacy applications, it said in a media statement on Friday.