Ordway Launches New Customer Portal for Complex Recurring Revenue Business Models

Posted by Eren Koont on Aug 24, 2021 9:36:42 AM

Innovative Companies with Subscription and Usage-Based Models Can Enhance Customer Experience with New Self-Service Application

WASHINGTON, August 24, 2021 - Ordway, the billing and revenue automation provider for scaling businesses, today announced the launch of its new, self-service customer portal. As businesses continue to innovate with new complex subscription and usage-based pricing models, the need to clearly explain the charges and calculations on the monthly invoice is becoming a more important part of the customer experience. Ordway customers can use the new billing portal as an extension of their product enabling users to view line-item level details, analyze historical spend patterns, and verify compliance with contract terms.

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Topics: press, subscription management, recurring billing

What Roblox Got Wrong About Revenue Recognition

Posted by Sameer Gulati on Feb 3, 2021 10:00:00 AM

Last week, I saw that Roblox, a global online game platform, has been forced to delay its public market debut due to scrutiny from the SEC. My daughter is an avid Roblox player, so I was immediately intrigued.

Roblox’s valuation has grown over seven-fold in the months since the start of the COVID-19 pandemic, as video games continue to rise in popularity. However, according to an SEC memo, the commission has reservations over the way in which Roblox recognizes revenue from the sale of its currency, Robux, on the platform.

The struggles Roblox is facing are similar to the challenges of B2B companies we serve. In fact, simplifying revenue recognition for subscription businesses is one of the reasons we built the Ordway platform. 

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Topics: revenue recognition, subscription management, revenue management, recurring billing

Ordway Wins 2020 Stratus Award for Cloud Computing

Posted by Rachel Gonzalez on Dec 8, 2020 3:30:00 PM

We are excited to be able to announce that Ordway has been recognized by the 2020 Stratus Awards for Cloud Computing. This award highlights companies and individuals disrupting industries with innovative technologies, and that’s exactly what we’re aiming to do at Ordway. 

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Topics: SaaS, press, DCTech, recurring billing

Three-question framework to scope implementation. Highlight on Global Mentoring Solutions.

Posted by Sushma Ashutosh on Jan 20, 2020 2:15:00 PM

The best aspect of working with Ordway clients is the fact that we get to watch our customers grow and thrive. A great idea, product/market fit, and team are critical to future success, but so is the infrastructure needed to scale. Oftentimes, we are fortunate to engage with customers right as they are re-imagining their billing architecture and infrastructure to enable more rapid growth and scale.

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Topics: API, scaling, revenue recognition, implementation, recurring billing

An Excel Template that Changed My Life... Recurring Revenue Schedule

Posted by Jason Yablinsky on Jun 25, 2018 11:06:00 AM

It was straightforward to do revenue calculations when we had 5 customers.

Growing companies oftentimes build manual processes by utilizing Microsoft Excel or Google sheets spreadsheets because it is the easiest, most affordable process to implement at the time.

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Topics: automated billing, revenue management, workflow automation, recurring billing

 

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