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.

Topics: Insider, SaaS, press release, DCTech

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.

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

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.

Topics: DCTech, careers, culture, startup

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.”

Topics: billing, SaaS, recurring revenue, Podcast

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.

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

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.

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

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.

Topics: SaaS, DCTech, careers

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

Topics: billing, operations, automation, change management

In the last episode, we covered everything you’d want to know about collections. This episode we covered the ins and outs of Bookings, Billings, and Revenue. BBR, not Pabst Blue Ribbon PBR, but BBR, Bookings, Billings, and Revenue.

Topics: Insider, billing, SaaS, operations, Podcast, collections

The technology stack you choose not only supports growth, it shapes it.

Software is such a integral part of the modern work environment that it impacts all areas of your business, from how you do things, to who you hire.

TLDR Version:

• Companies are at risk if they don’t adapt to customer desire for flexibility
• Playing it safe on productivity software can inhibit growth
• Safety means paying for enterprise-software salespeople’s boats
• Smart companies are reevaluating legacy software
• Modern approaches lead to better outcomes.

Topics: SaaS, operations, Pricing, Software