Billing and Revenue Automation Platform Recognized for Differentiated Innovation in SaaS Technology
Ordway, the billing and revenue automation platform for scaling companies, was today recognized as a winner of the 2020 Stratus Award for Cloud Computing. This award honors companies and individuals delivering innovations in the cloud that are truly differentiated in the market. The Ordway platform saves companies money by bridging sales-to-finance workflows from CRM to general ledger, by managing subscription billing, revenue recognition, accounts receivable, recurring payments, and SaaS KPIs such as annual recurring revenue and net revenue retention.
Developed by Sameer Gulati, a 20-year SaaS veteran who launched multiple billion-dollar enterprise software solutions at Zuora, Intacct, and Workday, the Ordway platform is modern, flexible, and turnkey. Its API-first billing architecture means Ordway evolves with companies’ order-to-revenue process as organizations look forward and offer new pricing and terms to meet tomorrow’s customer needs.
“We are on a mission to save companies tens of thousands of dollars each year by eliminating inefficiencies in their finance tech stack so they can invest in revenue-generating activities,” said Sameer Gulati, founder & CEO of Ordway. “We’re honored that our SaaS platform is recognized for the Stratus award alongside tech powerhouses like InVision, Red Hat, RFPIO, and Stack Overflow for innovation in the cloud.”
The Stratus Award acknowledges the fact that business models are becoming more and more complex. Organizations across the world are faced with the challenge of fulfilling unique orders from their customers each month, while others require a quicker and more resilient billing process to manage complex recurring and usage-based billing. In light of the COVID-19 pandemic, many businesses also face the need to provide contract adjustments and accommodations that previously required manual workarounds when legacy sales and finance systems couldn’t handle change. The Ordway platform supports businesses to grow, protect, and streamline their worldwide operations.
