Chargebee RevRec vs. Ordway

Chargebee RevRec is an automated, ASC 606 / IFRS 15 compliant revenue recognition solution that: - Eliminates manual processes and provides end-to-end automation of ASC 606 / IFRS 15’s five- step model to recognize revenue - Unburdens finance teams and creates more time to focus on value-added activities for their business - Equips businesses with accurate, reliable insights to make strategic decisions with business growth in mind Chargebee RevRec provides a revenue recognition rules functionality, which allows accounting teams to handle commission deferrals, set up stand-alone

Ordway is the world’s most flexible billing and revenue automation platform - specifically designed for today’s innovative “as-a-Service” business models. With Ordway you can bill for subscriptions and usage-based pricing models. You can also use Ordway for revenue recognition (ASC 606) and reporting investor metrics (ARR, TCV, NRR, customer count). Using Ordway reduces your dependency on the spreadsheets and manual processes that work well when you are small, but don’t scale as you grow. Customers that switch to Ordway typically realize immediate benefits.