Warren Buffett says "Never invest in a business you cannot understand.” Why I invested in Ordway.

Posted by Guest Author, Simon Lorenz, PhD on Jan 24, 2019 9:48:00 AM

One of the hardest things to do when building a business is choose where best to spend your time. At Klara, we are focusing our time on revolutionizing communication for everyone involved in the patient’s journey. We do that because we live in a time where we have access to anyone and anything with a click of a button. Yet when it is about getting access to my doctor and their team or my medical data, it feels like I have to travel back in time and spend hours to get a simple answer. Klara is changing that reality, and that change requires our utmost focus.

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Topics: DCTech, automation, SaaS, billing, Insider, culture, build vs buy

Heading to SaaStr 2019? Ordway booth #425 | Discover a billing process you don’t dread

Posted by Eren Koont on Jan 17, 2019 3:09:00 PM

Swing by Ordway booth #425 and learn more about how 2019 can be a year of adopting a billing process you don’t dread.

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Topics: automation, Software, SaaS, billing, operations

Ordway Named 2018-2019 Cloud Awards Finalist for Best Payment, Finance or Billing Solution

Posted by Eren Koont on Jan 15, 2019 10:02:00 AM
WASHINGTON, DC — January 15, 2019—  Ordway today announced that the Ordway billing and revenue automation platform was named a finalist in the 2018-2019 Cloud Awards Best Payment, Finance or Billing Solution category. The platform is now automating billing and revenue recognition for a diverse set of companies across the world in healthcare, real estate, logistics, retail, technology, finance, non-profit, performance management, and media industries.

The Cloud Awards program celebrates success and innovation in the cloud computing industry. The organization annually recognizes companies of all sizes from around the world.

“We see being named a Cloud Awards finalist as a testament to the quality of our team and platform. It is also a tribute to the fact we are solving real issues for our customers,” said Sameer Gulati, CEO of Ordway. “It’s always nice to be recognized by peers and the Cloud Awards follow Ordway being named part of the DC’s 50 on Fire and a DC Red Hot Company.”

"Our business experienced tremendous growth and change during 2018,” said Shirish Verma CFO at Play Octopus | Spotluck. “The Ordway platform was flexible and powerful enough to seamlessly handle the complexity of our evolving operations. It gives us peace of mind about billing so we can focus the lion's share of effort on scaling our business."

Cloud Awards organizer Larry Johnson said, “Each entrant was worthy of a place on the shortlist, so making this cut signifies considerable focus on innovation and success. This year, the judges have had a more difficult time than ever in deciding which entrants should move forward to the next stage, and every submission displayed unique points of merit.”

About Ordway
Ordway is redefining how growing businesses approach billing and finance operations via its billing and revenue automation platform. Built by a team that helped design much of world’s cloud-based financial billing and ERP systems, Ordway modernizes the end-to-end billing process and eliminates the need for error-prone spreadsheets, manual accuracy checks during the monthly close process to ensure compliance to GAAP & IFRS, and time-consuming invoicing. Designed with the flexibility that today’s customers demand, and optimized to guide organizations during their growth phase, Ordway smartly manages a business’ most complex customers. Explore the platform at http://www.ordwaylabs.com.
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Topics: press release, DCTech, SaaS, Insider

Exploring the Performance Economy. Highlights from FiNext

Posted by Eren Koont on Jan 8, 2019 1:22:00 PM

Dive in to highlights from Sameer Gulati’s presentation at the recent FiNext conference. As Founder and CEO of Ordway, he shared his thoughts on the emerging performance economy and how smart automation can unleash company growth.

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Topics: build vs buy, automation, SaaS, billing, performance economy

What's the key to a successful business? Alignment of internal, external, and home teams

Posted by Eren Koont on Dec 18, 2018 4:03:00 PM

Like a performance vehicle's suspension, or the spine of a world-class sprinter, alignment is key to outpacing the competition. For businesses who want to change the world, it comes down to more than a great idea. It comes down to the alignment of three teams: internal, external, and home. The Ordway team here in DC recently celebrated a wonderful 2018 with good food and conversation about what we accomplished in 2018 and the opportunity that lays ahead for 2019.

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Topics: DCTech, careers, culture, startup

Pain in the GAAP: Episode 5. Recovering Lost Revenue... Not as hard as the Lost Ark.

Posted by Eren Koont on Dec 6, 2018 9:42:00 AM

In the last episode, we covered everything you’d want to know about Monthly Recurring Revenue. In this episode, we dive into methods to identify and recover lost revenue. It’s not as hard as finding the Lost Ark in Indiana Jones and the Raiders of the Lost Ark, but as the viewer found out in the Last Crusade, one must choose their method “wisely.”

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Topics: Podcast, recurring revenue, SaaS, billing

Inside Ordway Engineering. Ordering the Complexity of Billing

Posted by Pablo Cantero on Nov 14, 2018 11:13:00 AM

Recently announced as one of DC Inno’s 50 on Fire, a “collection of the people, companies and organizations that are heating up D.C.’s innovation economy across six categories,” Ordway is on a mission to eliminate manual invoicing and revenue management workarounds by building the world’s most effective billing and finance platform.

Customers across many industries use Ordway to automate billing and revenue recognition. The platform simplifies finance operations so teams can focus on strategic growth activities. Ordway is efficiently solving the age old problem of getting paid by your customers, by marrying modern technology and talent, with decades of finance, accounting, and billing expertise.

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Topics: careers, DCTech, Software, API, SaaS, billing

MRR. The Purring Lion of SaaS Metrics

Posted by Eren Koont on Oct 31, 2018 10:40:00 AM

In this episode of Pain in the GAAP, we dive into MRR, or monthly recurring revenue — a metric critical to SaaS businesses that can be a little tricky if you deal with real customers and not just spreadsheets.

We talk about how MRR is a useful metric for businesses to understand their future prospects as well as provide a business’ board and investors information to determine valuations.

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Topics: SaaS, billing, operations, recurring revenue, metrics, Podcast

Team and customers leads to "50 on Fire"

Posted by Eren Koont on Oct 22, 2018 1:36:00 PM

When we heard the news that Ordway was among the DC Inno 50 on Fire recipients, the team saw it as a validation that we are helping our customers automate painful back-office processes around billing customers and proper revenue recognition.

The main reason we’re on the list is the great team we've assembled to tackle really tough billing problems on behalf of our customers (we're hiring, so if you want to join an awesome crew, we'd love to hear from you). Our goal has always been to bring together a set of finance experts and top engineering talent to shape Ordway's modern billing platform. 

The combination of modern technology, coupled with decades of finance, accounting, and billing expertise mean we’re able save companies money, uncover lost revenue, and let them “manufacture time” they didn’t have before. We save our customers 100s of hours each month, and that newly discovered time means freedom to focus on scaling their business.

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Topics: SaaS, DCTech, careers

Mister Rogers Was a Fortune Teller: Creativity and Collaboration

Posted by Jason Yablinsky on Oct 8, 2018 1:13:52 PM

There is nothing more comforting than watching Mister Rogers don his trademark sweater. As a someone who calls Pennsylvania home, the statue of his likeness in Pittsburgh is a reminder of more simple times. 30 years ago, “‘Mister Rogers’ Neighborhood’ showed how people made crayons. Today, crayon-making is a robot’s job.”

TLDR Version:

  • Automation is here and changing businesses: Crayola
  • There will be disruption and displacement
  • Companies that get this right will create value for their customers
  • New use cases for automation are emerging: hiring and brand experience
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Topics: billing, operations, automation, change management

 

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