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Ordway Raises $10 Million to Eliminate Manual Workarounds in Sales-to-Finance Operations

Feb 19, 2020•over 5 years ago

Amount Raised

$10 Million

Washington

Description

Ordway, a billing and revenue automation platform for scaling companies, today announced a $10 million Series A investment led by CRV with participation from Clocktower Ventures and existing investors Lerer Hippeau and Revolution's Rise of the Rest Seed Fund. Led by Sameer Gulati, a SaaS veteran at the epicenter of billing and ERP systems’ evolution for the past 20 years, Ordway is bridging the gap between sales and finance teams by transforming how organizations manage billing and revenue recognition for their most complex customers. The investment means accelerated roadmap execution and scaling its go-to-market strategies.

Company Information

Company

Ordway

Location

Washington, District Of Columbia, United States

About

Ordway is redefining how growing businesses approach sales-to-finance operations via its billing and revenue automation platform. Built by a team that helped design much of world’s cloud-based financial billing and ERP systems, Ordway modernizes the end-to-end sales-to-finance process. It eliminates the need for error-prone spreadsheets and manual accuracy checks during the monthly close process to ensure compliance to GAAP & IFRS. Designed with the flexibility that today’s customers demand, and optimized to guide organizations during their growth phase, Ordway smartly manages a business’ most complex customers. Explore the platform at www.ordwaylabs.com.

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