Ordway

Ordway is a billing and revenue automation platform aimed at SaaS, cloud, fintech, and other subscription and usage-based businesses. It manages the order-to-revenue cycle in one system, covering product catalog and pricing, subscription and usage billing, invoicing, payment collection, accounts receivable, revenue recognition, and SaaS metrics reporting. The platform is positioned as a specialized billing and revenue subledger that sits between a company's CRM and its general ledger, automating processes that finance teams often run manually in spreadsheets.

For revenue recognition specifically, Ordway maintains a revenue subledger that tracks deferred and recognized revenue and supports ASC 606 (US GAAP) and IFRS 15 reporting. It handles multiple-element arrangements, standalone selling price (SSP) allocation, contract modifications, and several recognition methods (for example straight-line, exact-day, and point-in-time at invoicing, activation, or milestone). Journal entries are posted from the subledger to the general ledger in an ERP or accounting application, either as summary or detailed entries, and the platform supports multi-entity, multi-currency operations including foreign exchange handling.

Ordway connects to surrounding systems through prebuilt native connectors and a REST API. It receives contracts and lifecycle events from CRM systems such as Salesforce and HubSpot, collects payments through gateways such as Stripe and Braintree, calculates tax through providers such as Avalara and Anrok, and publishes billing, collections, and revenue data to accounting and ERP systems including NetSuite, QuickBooks Online, Sage Intacct, and Xero. The company reports SOC 1 and SOC 2 audits covering its security controls.