Scaling a business requires build vs buy decisions - a 2x2 framework resource

Posted by Eren Koont on Apr 2, 2019 4:19:00 PM

As companies scale, especially in this SaaS-dominated economy, management teams will sooner or later be confronted with a build vs buy decision. All companies large or small, tend towards wanting to control everything they can. Compounding this natural inclination, if something is painful but “working,” they push making hard choices down the road. It's difficult to uncover what an organization is best suited to own fully, and what is worthy to hand off to external partners.

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Topics: billing, SaaS, recurring revenue, automation, careers, startup, build vs buy

Ordway’s top takeaways from SaaStr Annual 2019

Posted by Eren Koont on Feb 12, 2019 1:40:00 PM

SaaStr Annual 2019 was a little Burning Man, a little United Nations, and a lot of great ideas and sessions to help scale your business. Our team enjoyed networking, learning, and evangelizing how billing and revenue recognition can become a source of joy for businesses (not a hodgepodge of manual processes and disparate systems).

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Topics: billing, SaaS, operations, Pricing, startup, build vs buy, performance economy

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: Insider, billing, SaaS, automation, DCTech, 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: billing, SaaS, operations, Software, automation

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

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: billing, SaaS, recurring revenue, Podcast

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

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

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

Pain in the GAAP: Episode 3, BBR: Bookings, Billings, and Revenue

Posted by Eren Koont on Sep 26, 2018 10:43:00 AM

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.

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

 

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