System and method for a revenue allocation engine for use with subscription economy

US11599954B2 · kind B2 · utility

Assignee

• Zuora, Inc. · US

Inventors

• Lei Jin · 红钢城街道, CN
• John Banks · Los Altos, US
• Kang Ao · Beijing, CN
• Muyun Zhu · Jiujiang, CN

Key dates

• Filing date: Mar 15, 2022
• Grant date: Mar 7, 2023
• Expiry date: Mar 15, 2042

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems, apparatuses, and methods for the recognition and allocation of revenue generated by a subscription based pricing model or plan that is applied to a product or service. Embodiments respond to customer needs for a flexible and powerful revenue allocation engine to permit correct revenue distribution within a subscription economy and effectively trace changes to a revenue schedule and the resulting revenue recognition. Embodiments can efficiently react to changes to a subscription agreement and calculate a new distribution for a revenue schedule and its impact on revenue recognition and future revenue projections. In one embodiment, the systems and methods includes a revenue recognition/allocation engine that operates to evaluate the impact of “charge events” on revenue generation, taking into account relevant business rules and revenue recognition principles.