New Recurring Billing and Subscription Management Solution Designed for Seed and Series A Startups in the SaaS, Cloud, and Generative AI SpaceWASHINGTON, Aug. 16, 2023 /PRNewswire-PRWeb/ -- Ordway, the finance platform for innovative business models, today announced a new billing and revenue automation solution designed for early-stage startups. The solution enables SaaS, cloud, and other technology startups to bill customers, collect payments, report on investor metrics, and recognize revenue using GAAP accounting. Ordway's new package is designed for rapid implementation in just a few weeks and is priced to fit the budgets of seed and Series A companies ranging from pre-revenue to $3M in ARR."We've worked with hundreds of companies who adopted Maxio, Chargebee, Recurly, or Stripe Billing primarily because it was cheap, but then quickly outgrew the limited feature sets of those applications," said Sameer Gulati, CEO and founder of Ordway. "With our new startup package, early-stage companies can avoid the typical first-time mistakes and start directly on an enterprise-class platform that they can scale to $100M and beyond."Ordway's new startup package includes support for:Multiple Pricing Models - Launch subscription pricing models based on user counts and feature tiers or usage-based pricing models based on volume or time consumed. Ordway's ultra-flexible product catalog enables rapid experimentation with different packaging configurations, feature entitlements, and payment schedules.New Customer Acquisition Strategies - Incentivize customers to adopt with freemium /free trials, percentage discounts, first n months free, cashback rewards, and free credits

Ordway, a billing and revenue automation platform for scaling Software-as-a-Service (SaaS) companies, has partnered with embedded payments provider Exact Payments.

Ordway, a billing and revenue automation platform for scaling Software-as-a-Service (SaaS) companies, has partnered with embedded payments provider Exact Payments. The collaboration aims to deliver an all-in-one billing and payments solution to Ordway’s customers, aiding in the reduction of manual processes and providing an improved customer experience, the companies said in a Wednesday (Aug. 9) press release. “Our partnership with Exact Payments has enabled us to move beyond our traditional business model, which was focused on generating SaaS subscription revenues,” Ordway founder and CEO Sameer Gulati said in the release. “We have now created a new revenue stream that will help us generate expansion [annual recurring revenue (ARR)] with our customers and boost our net dollar retention.”