WASHINGTON, January 23rd, 2024 – Ordway, the finance platform for innovative business models, has been recognized as a leading subscription management software provider by the online software marketplace, Tekpon. Ordway’s subscription management software enables hundreds of SaaS, cloud, and other providers with recurring revenue business models to automate their customer lifecycles from the initial customer acquisition and onboarding through expansion and renewal by automating the contract processes, subscription billing, and payment collections.
Tekpon is an innovative online software marketplace that connects businesses with the tools and solutions they need to succeed in the digital world. Tekpon’s list is designed to help businesses make informed decisions when evaluating the complex landscape of leading subscription management software applications and help customers select the software that best suits their needs.
- New Customer Acquisition – Reduce friction for new customers by offering online, self-service options to purchase pain subscription plans without speaking to a sales representative.
- Expansion Revenue – Generate expansion revenue from existing customers by enabling self-service upgrades to higher feature tiers and greater user counts.
- Subscription Billing – Calculate line item charges and generate invoices for monthly, pay-as-you-go accounts and customers contracted on annual plans.
- Payment Collections – Enable customers to set up auto-pay for recurring monthly charges or to Pay Now via credit card or bank transfer via hosted payment pages.
“As more and more companies shift to recurring revenue business models with product-led growth models, the need for self-service and automation of key processes such as billing, renewals, and upgrades will continue to grow,” said Max Rosenberg, vice president of client services. “We are excited to be included in Tekpon’s list of leading subscription management software providers and are pleased to see another respected firm initiating coverage of this important market segment.”