In the past year, COVID-19 has completely changed the world we live in, and no business has been immune to these changes. In addition to transforming the way businesses operate day to day, COVID-19 has also affected the way businesses perform even their most core processes, including revenue recognition.
How COVID-19 Impacts ASC 606 Revenue Recognition
Topics: recurring revenue, revenue recognition, covid-19
Fintech disruption underlines the importance for financial services SaaS automation
Financial services may be a bit slower to the automation game than other sectors, but many organizations are now recognizing significant advantages from the integration of billing, revenue, and subscription management software into their IT systems.
Topics: automation, performance economy, subscription management, covid-19
Finance automation SaaS—a multiplier in times of economic instability
More organizations of all types, sizes, and sectors are investing in digital transformation—including enlisting finance automation SaaS platforms— to solve business challenges. An early result of the COVID-19 pandemic is that the newly volatile global economy requires companies to bridge gaps in financial, human, and other resources to continue to operate with some semblance of normalcy.
Topics: automation, performance economy, subscription management, covid-19
6 ways Ordway flexibility helps companies during COVID-19
The last couple of months continuing to build our business during the COVID-19 crisis have seemed like years — for us, and for many of our customers. We’re all adapting to new ways of interacting with each other and with our customers.
At this moment, everyone is doing what they can to meet customers "where they are" and grow efficiently. Here are six ways our customers are using the flexibility of the Ordway billing and revenue automation platform to stabilize their business, and to better serve their customers during this challenging period.
In this post, we're not revealing names of the companies involved to protect their internal process and relationships with their customers.
Topics: billing, SaaS, revenue recognition, subscription management, covid-19
Adapting “business as usual” strategies in times of uncertainty
Finding it hard to accomplish the ‘W’ in your company’s WFH protocols? We feel your pain. If you’re struggling to get down to business during these uncertain times, put one of these productivity hacks to work.
Topics: billing, SaaS, culture, performance economy, covid-19