When looking for alternatives to Ordway, organizations should look for software that has similar functionality, notably in billing automation, revenue recognition, and subscriber management. Here’s a comprehensive and easy-to-understand summary of some of the best alternatives to Ordway, each with its own set of features targeted to certain business needs.
What is Ordway?
Ordway is a smart billing and revenue automation platform for growing organizations that streamlines the pricing, invoicing, payment collection, and revenue recognition processes. The cloud-based platform replaces human workarounds in the accounts receivable and revenue recognition operations and sits between an application/CRM and an accounting system.
The platform enables SMB businesses to automate “sale-to-revenue” processes, such that when a sales team signs up a new client and “closes wins” a prospect, users can set up one-click invoicing and provisioning of future renewals to achieve visibility and accuracy of revenue. The technology generates correct revenue schedules and allows finance teams to create unique revenue recognition templates.
Best Ordway Alternative for Small Businesses

1. BillingPlatform
BillingPlatform provides comprehensive revenue management tools through automated billing. It supports a variety of billing methods, such as usage-based, subscription, and one-time billing. The platform is particularly known for its customizability, which allows organizations to modify the system to their own billing and revenue recognition requirements.
2. ClientSuccess
The vendor presents ClientSuccess, developed by the same business in Lehi, as a simple yet complex solution for CSMs and the executive team. ClientSuccess provides CSMs with the tools, best practices, insights, and data they need to manage their customers proactively. They provide executives with analytics, metrics, and reports to provide a comprehensive picture of the health of a SaaS business.
3. Chargebee
ChargeBee is a comprehensive subscription billing solution built to handle the complexities of recurring billing. The product works with a variety of other SaaS applications, including SalesForce, accounting, and order fulfillment platforms.
4. NetSuite
Oracle’s NetSuite is a comprehensive ERP solution that goes beyond billing and invoicing. It is suitable for firms seeking an all-in-one solution for accounting, billing, CRM, and other business activities. Its billing module is especially effective at handling subscription and usage-based invoicing, making it an excellent alternative for large enterprises that require a complete ERP suite.
5. Maxio
Maxio assists B2B SaaS enterprises in optimizing their revenue processes. The financial operations platform is intended to address the specific financial difficulties of B2B SaaS, such as billing, subscription management, revenue and cost recognition, and SaaS metrics and analytics.
6. MIP Fund Accounting
MIP Fund Accounting™ is a customizable fund accounting solution. The system provides features for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant administration, and dashboards for charities and government entities.
7. Sage Intacct
Sage Intacct is a cloud ERP system aimed at fast-growing small and medium-sized organizations. Intacct’s applications cover fundamental financials and accounting, purchasing, order management, financial reporting, and business intelligence. It also interfaces with third-party software, like as Salesforce.
8. SOFTRAX
SOFTRAX is a specialist platform that helps organizations manage complex billing and revenue recognition. It accepts one-time, milestone, subscription, and consumption-based pricing models. SOFTRAX distinguishes itself by focusing on automation for revenue recognition and billing, ensuring compliance with accounting rules such as ASC 606 and IFRS 15.
9. Planhat
Planhat, founded in Stockholm, provides a modular suite of apps to subscription-based organizations, including customer success, product usage health alerts, and revenue management for tracking subscriptions and business health.
10. athenaIDX
AthenaIDX is an on-premise or cloud-hosted enterprise RCM solution that enables health systems, hospitals, billing services, and large practices to improve financial performance and successfully adapt to healthcare payment reform. The Centricity medical practice and EMR software, previously owned and supported by GE Healthcare, was acquired by Veritas Capital in 2018, spun off into a separate organization (Virence Health), and subsequently relaunched as a product of Athenahealth.
11. Zuora
Zuora is one of the most popular subscription billing solutions. Zuora is enterprise-level software that includes detailed metrics, tax automation, and support for numerous currencies. It also includes Salesforce and NetSuite integration out of the box. It frequently replaces complicated ERP (enterprise resource planning) systems that are not solely focused on billing.
Ordway Pricing: An Overview
Ordway’s complicated financial software supports usage-based invoicing, subscription management, revenue recognition, and KPI reporting. Their pricing structure changes greatly based on the size of the customer’s organization. Pricing for a firm with 200 employees normally runs between $21,100 and $36,100. Ordway’s pricing scales with your organization, with rates ranging from $27,300 to $53,100 for a headcount of 1000 and $49,300 to $95,500 for a headcount greater than 1001.
Buyers should be informed that the average duration of contract closing with Ordway is roughly 36 days. Despite the short waiting period, Ordway maintains a 100% retention rate, demonstrating their customers’ pleasure with the software’s vast features. Precise costs can often be negotiated, so consider ordering through Vendr Verified to get the greatest deal on Ordway.
Ordway Billing and Revenue Automation
The Ordway billing and revenue automation platform allows SaaS, cloud, and other technology firms to charge clients, collect payments, report on investor KPIs, and recognize revenue using GAAP accounting. Ordway’s new package is designed for quick adoption in a few weeks and is priced to match the budgets of seed and Series A firms with pre-revenue to $3M in ARR.
Ordway’s new SaaS startup billing package offers support for:
- Multiple Pricing Models: Implement subscription pricing models based on user counts and feature levels, as well as usage-based pricing models depending on volume or time spent. Ordway’s ultra-flexible product catalog allows for rapid experimentation with various packaging combinations, feature entitlements, and payment schemes.
- New Customer Acquisition Strategies: Incentivize users to adopt by offering freemium/free trials, percentage discounts, first months free, cashback awards, and free credits. Ordway will automatically complete all of the complex calculations required for client billing, revenue recognition, and ARR reporting.
- Recurring Billing: Create invoices based on set fee subscriptions, actual consumption activities, or a combination of the two models. Ordway allows for frictionless expansion by providing fully automated proration and billing computations for new items, price changes, term extensions, and other mid-contract changes.
- GAAP Accounting: Change from cash-based accounting to the accrual approach, which equity and debt holders will demand. Ordway allows finance teams to transition away from spreadsheets for revenue recognition and prepare for their first audit with system-calculated journal entries that adhere to ASC 606.
- SaaS Metric Reporting: Monitor key investor indicators like ARR, new bookings, renewals, churn, ARPU, and net dollar retention. Ordway enables finance teams to assist existing investors in monitoring the health of the firm, as well as respond quickly to new data requests during fundraising activities.
Ordway’s SaaS startup billing solution comprises a managed installation led by the company’s billing and revenue specialists. Ordway assists startups in scoping out their current use cases as well as documenting new business processes to be automated.
Financial document design professionals produce unique templates for invoices, statements, dunning, and other client interactions. Implementation professionals assist with configuring master data for pricing and products, customers and contracts, and the chart of accounts.
Startups may easily integrate their invoicing with popular programs like Hubspot CRM and Quickbooks Online Accounting, as well as numerous payment gateways and tax automation systems, using self-service integration. Before going live, the implementation team offers finance teams configuration papers, end-user training, and assistance in transferring from previous systems.
Why Businesses Choose Ordway
Ordway is acclaimed for its ability to replace time-consuming, spreadsheet-based procedures with fully automated processes, resulting in faster growth and greater financial insight. Businesses report considerable efficiency gains by automating core billing activities, decreasing invoice processing time from weeks to a few days. The platform’s design is future-proof, allowing firms to test new pricing models without requiring system modifications. Furthermore, its customer-centric approach provides high levels of support and fast implementation times, usually under 90 days.
Overall, Ordway’s emphasis on innovation, adaptability, and automation makes it an excellent choice for businesses seeking to optimize their billing and revenue processes in a subscription-based economy.
Compliance and Security
In today’s digital age, data security and compliance are critical for every application. Ordway adheres to high legal standards, such as GDPR and SOC2, to ensure your data’s protection and security. Per Personally Identifiable Information (PII) requirements, Ordway management ensures that personal data is treated with the utmost sensitivity and strictness.
Furthermore, Ordway has robust MFA (Multi-Factor Authentication) and SSO (Single Sign-On) features, which provide an extra layer of validation to ensure that only authorized users obtain access.
It also adheres to strict Data Processing Agreement (DPA) rules, which ensure data is processed ethically and transparently. Enjoy peace of mind knowing that Ordway is dedicated to protecting your sensitive information and adhering to industry standards while managing your financial transactions.
Conclusion
While Ordway is a wonderful tool for billing automation and revenue recognition, its rivals each have unique benefits that are tailored to different sorts of enterprises. Whether you want a solution that excels at subscription management (like Chargebee or Zuora) or one that integrates smoothly into a bigger financial management system (like NetSuite or Sage Intacct), there is one out there for you.
Stripe Billing is a popular choice for firms that handle global payments and require simple APIs, whereas SOFTRAX and BillingPlatform provide powerful customization and compliance features for more complicated billing needs.
By examining your company’s specific billing needs—such as enhanced automation, subscription management, or ERP integration—you can select the optimal option to support your company’s development and operational efficiency.