Ordway, the finance platform for innovative business models, is now a Vendr Verified subscription billing software application. Only the top 1% of software products are eligible for Vendr’s verification process. Software providers must meet a rigorous set of standards for transparency and fairness to customers in the buying process. Vendr is used by over 1,000 customers worldwide to help businesses save hundreds of millions of dollars each year in SaaS products.
New customers seeking a subscription billing software application can now leverage Vendr during the buying process. Vendr offers a “great price guarantee” that provides buyers with the peace of mind. If a customer discovers a better price for Ordway’s subscription billing software from another source, Vendr will credit them with the difference. Vendr also offers an implementation satisfaction guarantee. If a customer encounters unresolvable issues during the first year of implementation, they can get a credit towards a future purchase.
New customers seeking a subscription billing software application can now leverage Vendr during the buying process. Vendr offers a “great price guarantee” that provides buyers with the peace of mind. If a customer discovers a better price for Ordway’s subscription billing software from another source, Vendr will credit them with the difference. Vendr also offers an implementation satisfaction guarantee. If a customer encounters unresolvable issues during the first year of implementation, they can get a credit towards a future purchase.
- Subscription Billing – Calculate monthly line items for per-user, tiered, and good-better-best pricing models. Prorate charges for mid-contract upgrades.
- Usage-Based Billing – Usage rating and charge calculations for contracts with monthly minimums, prepaid credits, rollovers, and allowances.
- Payment Collection – Enable auto-pay and pay now links with credit cards and ACH, as well as traditional invoicing, for accounts payable teams.
- Accounts Receivable – Track aging invoices, send automated dunning messages, and offer self-service with a customer billing portal.
- Revenue Recognition – Calculate GAAP revenue under ASC 606 or IFRS 15. Upload the revenue journal entries to an ERP or general ledger.
- SaaS Metrics – Report on recurring revenue metrics such as ARR/MRR, TCV/ACV, net/gross retention, expansion, contraction, churn, and renewal rate.
Existing customers of Ordway can leverage Vendr for contract renewals of their existing services as well.
