About Ordway Platform
Ordway Platform is a billing and revenue automation software from Ordway that supports SaaS, cloud, and fintech businesses. It combines recurring billing, order-to-revenue automation, and revenue recognition so companies can manage their financial processes effectively. The platform also provides training resources, insights through blogs, eBooks, podcasts, and webinars for continuous learning. With its focus on modern business models, Ordway is designed to address the unique financial needs of modern enterprises. Key capabilities: recurring billing revenue recognition order-to-revenue automation training resources insights and analytics Best for: finance teams in SaaS, cloud, and fintech businesses that need reliable billing and revenue management solutions.
Ordway Platform, developed by Ordway, is a sophisticated billing and revenue automation software designed to cater to SaaS, cloud platforms, and fintech companies. Since its launch in 2018, the platform has become a valuable tool for businesses that require automated billing solutions, particularly those dealing with subscription-based or usage-based pricing models. Ordway helps companies streamline their billing processes while ensuring compliance with industry standards like ASC 606 and IFRS 15, making it an attractive choice for businesses aiming to scale their operations. One of the standout features of the Ordway Platform is its support for flexible billing models. The platform can handle both subscription billing and usage-based billing, which allows businesses to automate their revenue generation processes effectively. This flexibility makes Ordway particularly valuable for SaaS and cloud platforms that often need to accommodate varying billing structures based on customer consumption or recurring revenue. Additionally, the software automates revenue recognition, tracking deferred and recognized revenue schedules, which is essential for companies needing to maintain compliance with accounting standards.
Pros & Cons
- +Flexible Billing Models: Supports various billing models including subscription and usage-based.
- +Automation: Reduces manual work with automated billing and revenue recognition.
- +Compliance: Ensures compliance with ASC 606 and IFRS 15 standards.
- +Scalability: Helps businesses scale faster with automated processes.
- +Comprehensive Reporting: Provides detailed SaaS metrics and KPI reporting.
- −Complexity: May be complex to set up for smaller businesses.
- −Cost: Pricing details are not transparent, which may be a concern for budget-conscious companies.
- −Limited Languages: Currently available only in English.
- −Integration Effort: May require significant effort to integrate with existing systems.
- −Learning Curve: Users may need time to fully understand and utilize all features.
Features
Key features
- Subscription Billing
- Automates billing for subscriptions and recurring revenue models.
- Usage-Based Billing
- Supports variable pricing based on consumption.
- Revenue Recognition
- Tracks deferred and recognized revenue schedules.
- Accounts Receivable
- Automates payment collection and customer communications.
- SaaS Metrics Reporting
- Provides KPI reporting on MRR/ARR, net dollar retention, bookings, churn, and renewals.
Additional features
- Subscription Billing
- Automates billing for subscriptions and recurring revenue models.
- Usage-Based Billing
- Supports variable pricing based on consumption.
- Revenue Recognition
- Tracks deferred and recognized revenue schedules.
- Accounts Receivable
- Automates payment collection and customer communications.
- SaaS Metrics Reporting
- Provides KPI reporting on MRR/ARR, net dollar retention, bookings, churn, and renewals.
- Dunning Automation
- Manages overdue payments and customer follow-ups.
- Contract Modifications
- Automates changes to contracts and billing schedules.
- ASC 606 & IFRS 15 Compliance
- Ensures compliance with revenue recognition standards.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Ordway Platform
Ordway Platform is a billing and revenue automation software from Ordway that supports SaaS, cloud, and fintech businesses. It combines recurring billing, order-to-revenue automation, and revenue recognition so companies can manage their financial processes effectively. The platform also provides training resources, insights through blogs, eBooks, podcasts, and webinars for continuous learning. With its focus on modern business models, Ordway is designed to address the unique financial needs of modern enterprises. Key capabilities: recurring billing revenue recognition order-to-revenue automation training resources insights and analytics Best for: finance teams in SaaS, cloud, and fintech businesses that need reliable billing and revenue management solutions.
Ordway Platform Details
Ordway Platform's In-App Market Place
Does Ordway Platform have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
Usd ($), Eur (€), Gbp (£), Aud (A$), Cad (C$), Jpy (¥), Cny (¥), Inr (₹), Rub (₽), Brl (R$), Mxn (Mex$), Hkd (Hk$), Chf (Fr.), Nzd (NZ$), Sek (kr), Nok (kr), Dkk (kr)
Pros & Cons
- Flexible Billing Models: Supports various billing models including subscription and usage-based.
- Automation: Reduces manual work with automated billing and revenue recognition.
- Compliance: Ensures compliance with ASC 606 and IFRS 15 standards.
- Scalability: Helps businesses scale faster with automated processes.
- Comprehensive Reporting: Provides detailed SaaS metrics and KPI reporting.
- Complexity: May be complex to set up for smaller businesses.
- Cost: Pricing details are not transparent, which may be a concern for budget-conscious companies.
- Limited Languages: Currently available only in English.
- Integration Effort: May require significant effort to integrate with existing systems.
- Learning Curve: Users may need time to fully understand and utilize all features.
Ordway Platform's Support Options
Email Address
hello@ordwaylabs.comOrdway Platform's Alternatives
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