Ordway software provides billing, accounting, and KPI reporting for recurring revenue businesses.
1.Subscription pricing models Pay-as-you-go or annual prepaid models Ordway supports all the popular subscription pricing models – flat rate, per user, multi-tiered, and stair step, as well as hybrid combinations.
2.Hybrid billing models Combine subscriptions with other monetization strategies Grow recurring revenue faster with fixed or variable fee add-ons atop your monthly subscription fees.
3.Scale revenue without breaking your billing system Future proof your billing to adapt to changes in pricing, packaging, and processes as your business expands and market dynamics evolve. Ordway’s subscription billing software enables flexibility to accommodate: Product launches
*New pricing and packaging models
*International expansion
*New currencies and tax jurisdictions.
*Distribution channels
*Consolidated billing and custom pricing
*Mergers & acquisitions
*Additional CRM and ERP integrations
4.Enable customer acquisition strategies Mix and match different promotional strategies to drive new customer conversion to paid subscriptions
5.Reduce friction for growth Upsells, cross-sells, and mid-contract changes Drive expansion bookings throughout the contract lifecycle.
6.Add users Add more seats to “Per User” plans via a mid-contract change or according to pre-defined timelines outlined in contract terms.
7.Upgrade tiers Upgrade customers from lower to higher tier (e.g. “Enterprise”) packages at higher price points as customers exceed usage caps or desire expanded feature sets.
8.Additional products Cross-sell Bundles or multi-product discounts to grab higher share of wallet from existing accounts.
9.Price increases During the contract or upon renewal. Schedule percentage increases, apply fixed dollar amounts, or tie changes to benchmarks such as CPI.
10.Connect to your CRM and accounting applications Integrate Ordway subscription billing with the other applications in your front and back office.