NetSuite, a provider of cloud-based enterprise resource planning financial suites, and Zuora, a provider of cloud subscription billing solutions, announced a partnership to jointly develop and offer combined solutions to companies that need to meter, price and bill for subscription- and usage-based products.

The companies plan to integrate Zuora’s Z-Commerce Platform with NetSuite and NetSuite’s native cloud-based billing engine. The solution will support any subscription pricing model including one-time, recurring, usage and metering charges, and volume tier pricing, and enables companies to tailor products and pricing to specific market segments. Current NetSuite customers will be able to leverage the integrated capabilities to rapidly enable and expand subscription-based products and services, and automatically meter and bill customers through Zuora's Z-Billing capabilities.

The integrated solution from NetSuite and Zuora will address the needs of companies that have adopted this new business model. It will bring a host of powerful capabilities and benefits to these companies including:

Ability to rapidly deploy metered, pay-as-you-go, and subscription revenue streams;

Flexibility to quickly modify pricing and packaging in response to market shifts;

Easy-to-use subscription management and full lifecycle management capabilities; and

Automated process integration with Z-Commerce billing and NetSuite ERP/Financials.