Ordway vs SOFTRAX Revenue Management System
Ordway
ordwaylabs.com
SOFTRAX Revenue Management System
rms.softrax.comSide by side
| Figure | Ordway | SOFTRAX Revenue Management System |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Plans published | 2 | 0 |
| Spec score · Revenue Recognition Software | 7.8 (#11) | 7.0 (#22) |
| Billing models | The platform supports subscription, usage-based, transaction, percentage, one-time and hybrid pricing models. | It supports subscription, consumption or usage-based, one-time, and milestone billing. |
| Founded | 2018 | 1999 |
| Headquarters | Washington, DC, United States | Boise, Idaho, United States |
| Integrations | Ordway advertises more than 50 prebuilt integrations across CRM, ERP, accounting, tax, payment, identity, analytics and customer-success systems. | The site says RMS integrates with existing CRM, CPQ, home-grown, and other systems, and acts as a bolt-on to over 200 ERP systems. |
| Pricing availability | Ordway says prospective customers should request a current proposal because pricing varies and it does not publish a starting price there. | The RMS pages reviewed direct prospects to schedule a demo or consultation and do not state a price. |
| Revenue recognition | Ordway supports ASC 606 and IFRS 15 workflows including deferred and recognized revenue and journal-entry generation. | Its revenue subledger conforms to ASC 606 and IFRS 15 and supports accounting across multiple currencies and entities. |
Plans
Ordway
- Fixed subscription (custom proposal)Priced on request
- Ordway subscription platformPriced on request
In their own words
Ordway
Ordway is a billing and revenue platform for technology-focused businesses, including AI, SaaS, cloud, fintech, marketplaces, and subscription companies. It combines subscription and usage billing with payment collection, accounts receivable, revenue recognition, and recurring-revenue reporting. Supported billing models include subscription, metered usage, transaction-based, one-time, and hybrid pricing. Usage billing can handle allowances, overages, prepaid credits, rollovers, minimum commitments, and true-ups. Ordway tracks deferred and recognized revenue schedules and automates contract modifications for ASC 606 and IFRS 15 workflows. It lists integrations with Salesforce, HubSpot, NetSuite, Sage Intacct, QuickBooks Online, Xero, Stripe, Avalara, and Okta. REST APIs, webhooks, and a Payments SDK connect external applications and payment gateways. The platform also describes AI contract abstraction, natural-language financial reporting, and assisted billing and receivables workflows. It runs through web and API access. Pricing is paid and available on request; no public starting price is stated.
SOFTRAX Revenue Management System
SOFTRAX Revenue Management System (RMS) is a multi-tenant cloud application for automating billing and revenue recognition in businesses with complex revenue processes. It supports subscription, usage-based, one-time, and milestone billing. Its revenue subledger addresses ASC 606 and IFRS 15, including contract modifications and variable consideration, and supports accounting across multiple currencies and entities. RMS tracks renewals, pending renewal notifications, allowed price increases, co-terminations, and contract history. Reports and dashboards cover billing and revenue recognition, with raw data extracts available to download. APIs and a workflow engine can import customers, products, contracts, orders, invoices, usage records, and credit memos; the engine can validate batches and send error notifications by email. SOFTRAX says the system integrates with more than 200 ERP and financial systems and can connect to ERP, CRM, and CPQ platforms. Granular controls govern who can view or edit transactional data and recognition policies. RMS is presented for organizations from early-stage businesses to Fortune 500 companies. Pricing is on request; the vendor invites prospective customers to schedule a demo or consultation.