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Ordway Reviews & Product Details

Ordway Overview

What is Ordway?

Ordway is the world’s most flexible billing and revenue automation platform - specifically designed for today’s innovative “as-a-Service” business models. With Ordway you can bill for subscriptions and usage-based pricing models. You can also use Ordway for revenue recognition (ASC 606) and reporting investor metrics (ARR, TCV, LTV, NDR). Using Ordway reduces your dependency on the spreadsheets and manual processes that work well when you are small, but don’t scale as you grow. Customers that switch to Ordway typically realize immediate benefits. Monthly bill runs and close processes go from weeks to days. Finance teams can scale without adding FTEs.

Ordway Details
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Product Description

Ordway's powerful billing and revenue automation platform is a better way to bill, collect, and grow your revenues in an increasingly complex environment

How do you position yourself against your competitors?

Ordway is the next-generation billing and revenue automation platform that supports recurring and non-recurring business models. It's RESTful API-first billing architecture is flexible and powerful, and will help you manage your most complex customers. Every Ordway client is assigned a client success manager to ensure fast and effective implementation and ongoing use.


Seller

Ordway

Description

Ordway is a billing and revenue automation company that provides a sophisticated platform designed to streamline and optimize billing, invoicing, and revenue recognition processes for businesses. Its platform is built to accommodate various pricing models, enabling organizations to automate complex billing workflows and enhance financial operations. Ordway offers features such as usage-based billing, subscription management, and automated revenue recognition, making it suitable for companies seeking to manage recurring and non-recurring billing efficiently. By integrating seamlessly with existing systems, Ordway aims to improve accuracy, reduce manual input, and increase overall financial transparency.

Overview Provided by:
CMO/VP Marketing - Cloud, SaaS, Fintech

Ordway Integrations

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Recent Ordway Reviews

PK
Puja K.Mid-Market (51-1000 emp.)
5.0 out of 5
"Billing for SaaS"
Ordway has helped us streamline our whole AR process. Subscription billing has helped us bill complex contract structures with multiple tiers and/o...
Alec D.
AD
Alec D.Mid-Market (51-1000 emp.)
5.0 out of 5
"Great implementation and service!"
The entire team is super-responsive and accommodating. They take time to really understand use cases and build our instance exactly as we needed it...
Verified User
A
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Billing and Revenue Recognition"
Subscription Billing - Complex contract structures with multiple tiers and/or lots of mid-contract changes

Pricing Insights

Averages based on real user reviews.

Time to Implement

3 months

Return on Investment

15 months

Perceived Cost

$$$$$
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Ordway Media

Ordway Demo - Billing schedule visualization in Ordway
Billing schedule visualization of invoiced and uninvoiced charges
Ordway Demo - Ordway financial health dashboard
MRR dashboard within the Ordway platform
Ordway Demo - Customer overview within Ordway platform
Details of customer within the Ordway platform
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66 Ordway Reviews

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66 Ordway Reviews
4.5 out of 5
66 Ordway Reviews
4.5 out of 5

Ordway Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons
G2 reviews are authentic and verified.
PK
Manager, Accounts Receivable
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Ordway?

Ordway has helped us streamline our whole AR process. Subscription billing has helped us bill complex contract structures with multiple tiers and/or lots of mid-contract changes. As a usage-based billing company, Ordway has helped automate invoice generation, submission and collections. Review collected by and hosted on G2.com.

What do you dislike about Ordway?

Overall our experience with Ordway has been great! Would like to see more customized helpdesk options. Review collected by and hosted on G2.com.

What problems is Ordway solving and how is that benefiting you?

Ordway has helped us automate most of our billing workflows, leaving us more time to analyse the data for forecasting. Ordway has also helped us bring down our aging balances through creating all inclusive statements that allows customers to easily see their balances and make payments. Review collected by and hosted on G2.com.

Alec D.
AD
SVP
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Ordway?

The entire team is super-responsive and accommodating. They take time to really understand use cases and build our instance exactly as we needed it to operate. Review collected by and hosted on G2.com.

What do you dislike about Ordway?

Overall, the experience with Ordway has been great. As with any implementation, we ran into a bug or two but the service and support teams were quick to address and resolve the issue. Review collected by and hosted on G2.com.

What problems is Ordway solving and how is that benefiting you?

Ordway helped us effectively combine three QB instances into a single system and source of truth. It has helped us better manage subscriptions and usage all while reducing the use of external sheets and user input. It allows us to effectively, accurately, and efficiently bill our customers. Review collected by and hosted on G2.com.

Peter A.
PA
Director of Finance
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Ordway?

Like most SaaS companies we had a very complex legacy billing & revenue recognition process that had evolved over time. We set out to find a billing platform that would enable us to retain the same level of customization and control we had w/ our manual spreadsheet-based process, but found that all of the big players in the ERP and SaaS billing spaces were basically unable to accomodate our needs (we evaluated NetSuite , Chargebee, Zuora, SaasOptics, Recurly etc). Ordway immediately stood out as an intuitive platform that is highly customizable and intuitive. he implementation team was super helpful (shout out to Max and Hemant), and so is their general customer support team (shout out to Sneha). At one point during our implementation they even connected us with their product team in order to make a custom revenue in order fit our unique business needs. While it took us over a year to fully flesh out the integration between our website and Ordway and to migrate all of our customers to Ordway, I am confident that we made the right choice. Our revenue close process is now faster, more accurate, and more transparent. Review collected by and hosted on G2.com.

What do you dislike about Ordway?

Overall I have only positive things to say about Ordway. On occassion we have experienced some minor glitches with the UI, but they are super responsive to support tickets and issues are generally resolved very quickly. Review collected by and hosted on G2.com.

What problems is Ordway solving and how is that benefiting you?

Ordway allows us to build custom billing and revenue schedules for our customers. As a part of this it generates invoices and receipts that sync to our website. It's a very intuitive and customizable platform that makes it easier for us to recognize revenue and for our customers to pay their invoices. Review collected by and hosted on G2.com.

Daniel K.
DK
Head of Finance
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Ordway?

We've been Ordway customers for over a year now and they've been a game changer for our billing operations. What we love most about Ordway is how flexible their product/platform is. I'm pretty certain they are able to configure anything we would ever need it to. Their customer support is also incredible and have been super helpful anytime we've needed their assistance. Review collected by and hosted on G2.com.

What do you dislike about Ordway?

Ordway's platform flexibility is really impressive. However, the extreme flexibility could make it difficult to identify the most effective 'best practices' approach to one's specific use cases. Would highly recommend working closely with their onboarding team to understand the exact end to end workflow you are looking to implement. This will help enable them to advise accordingly to making the most of their platform. Review collected by and hosted on G2.com.

What problems is Ordway solving and how is that benefiting you?

Ordway has significantly streamlined our operations by addressing our needs in billing, subscription management, and revenue recognition. It's transformed the way we handle our billing processes. Managing subscriptions / rev rec has become much more efficient, simplifying what used to be a manual complex process. Review collected by and hosted on G2.com.

Verified User in Computer Software
UC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Ordway?

Ordway allows our business to automate the billing and revenue recognition processes more than other tools in the space. The data organization simplifies the complicated ASC 606 revenue recognition process, and makes reporting easy. Because not every product has the same revenue recognition schedule even within the same company, flexibility is a huge non-negotiable for a company like ours, and Ordway was the only company who could support our framework, while allowing space to grow alongside them in future years.

By utilizing their dunning features, we have also noticed a considerable improvement in our collections efforts without having to add more human hours to follow up efforts.

Beyond the tool, their white glove implementation services and personnel make Ordway an easy choice. Our implementation specialist, Nicholas has been a rockstar helping us bring over all of our historical invoices, payments and revenue tie out to ensure that Ordway can be our source of record from inception to date. Review collected by and hosted on G2.com.

What do you dislike about Ordway?

We made the choice to bring in all historical information to Ordway, which was performed by moving through a lot of manual report building and checks. A difficult problem to solve! Our implementation team was very helful with the process, and now that the information is included, it makes our annual reporting much more valuable. Review collected by and hosted on G2.com.

What problems is Ordway solving and how is that benefiting you?

Captures all information related to billing, payments, aging, SSP implementation, customer communications and Revenue Recognition. Review collected by and hosted on G2.com.

Verified User in Hospitality
AH
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Ordway?

Subscription Billing - Complex contract structures with multiple tiers and/or lots of mid-contract changes Review collected by and hosted on G2.com.

What do you dislike about Ordway?

More options for payment processors is required Review collected by and hosted on G2.com.

What problems is Ordway solving and how is that benefiting you?

Increasing Efficiency - Reducing time and effort required to bill customers and recognize revenue

Customer Experience - Enabling contract structures and invoicing the way the customer wants

Cash Flow - Sped up by automating collections, dunning, payments, and accounts receivable Review collected by and hosted on G2.com.

Verified User in Computer Software
UC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Ordway?

We use Ordway every day. It is very user friendly and flexible to handle all our billing needs efficiently. The automated revenue recognition is super helpful. Ordway seamlessly integrates with other tools that we use.

Also all staff members are great to work with. Our implementation manager is the best and they all get back to us very quickly if questions arise. Review collected by and hosted on G2.com.

What do you dislike about Ordway?

We have had no issues with Ordway since we have been working with them. Review collected by and hosted on G2.com.

What problems is Ordway solving and how is that benefiting you?

Automated billing and revenue recognition Review collected by and hosted on G2.com.

Verified User in Computer Software
AC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Ordway?

I have been using Ordway for a year at my job. Max, Sneha, Nikhil and team have all been very helpful. I love working with them and I appreciate the excellent customer service they provide. Review collected by and hosted on G2.com.

What do you dislike about Ordway?

It is a more geared towards small companies. Review collected by and hosted on G2.com.

What problems is Ordway solving and how is that benefiting you?

Great. Review collected by and hosted on G2.com.

Yolanda G.
YG
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Ordway?

I like how everything in it is intuitive. The customer support team that includes Nikhil and our account rep Sneha are the absolutely best. They get back to you quickly and are always helpful in making sure you have what you need. Sneha has gone out of her way to provide help, create reports for us, and walk us through different parts of the platform.

We use Ordway every day and the fact we were able to add notes into the system seamlessly and has been a game changer for us. Review collected by and hosted on G2.com.

What do you dislike about Ordway?

The one thing I am not a fan of is their analytic reporting. It's a work in progress and while it will be great eventually, there are some bugs to work out. Review collected by and hosted on G2.com.

What problems is Ordway solving and how is that benefiting you?

Ordway is allowing us a central place to keep our notes, invoices, and dunning information. Review collected by and hosted on G2.com.

Verified User in Insurance
AI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Ordway?

Ordway is amazingly easy to use and extremely flexible for all types of billing use cases. We have some complex deals and Ordway is able to handle them all. Also, it integrates with our other tools. All staff members are great to work with and extremely knowledgable; not only in the software, but billing best practices. Review collected by and hosted on G2.com.

What do you dislike about Ordway?

A downside would be initial configuration, the implementation team will work with you until it's fully implemented to fit your use case. This is to be expected as billing is complex. But, again, the great implementation, customer success, and suport teams are there to support you. Review collected by and hosted on G2.com.

What problems is Ordway solving and how is that benefiting you?

The main challenge we had with previous billing and subscription management software was rigid configuration. Ordway is extremely flexible and can handle all our billing use cases and scenarios. Review collected by and hosted on G2.com.