Heads up on the awesome 05/14 Ordway platform release:
Release Schedule
Pre-Release Environment
The May '22 Ordway Platform Release is now available on the Pre-Release environment. The following teams are enabled for access to the Pre-Release environment:
- Sales Team
- Customer Success
- Sales Engineering
- Technical Support
Note: The environment does not include its own set of customer data. Users will need to upload or create their own data.
- Access the pre-release environment here: https://canary.ordwaylabs.com/users/sign_in
- Sign up to create companies or you can be added by other users to access created companies.
- Sign up to create companies here: https://canary.ordwaylabs.com/users/sign_up
- CSP access has not yet been granted for this environment. Reach out to the Operations team should you require CSP access.
Feature Enhancements
Finance
Custom Start & End dates for Revenue Recognition
Custom start and end dates for revenue recognition allow you to define revenue recognition time periods (at the Subscription charge level) separately from start and end dates for billing periods.
In Ordway, custom start and end dates for revenue recognition are implemented at the Subscription Charge level and take effect once a Contract has been activated.
Integrations
Sage Intacct
Ability to map and sync Products and Invoices
Read more about these new syncing capabilities.
Salesforce
Minor Package Update 3.6.7
Push upgrade to Sandbox orgs is scheduled for May 15, 2022 at 3AM ET
Push upgrade to Production orgs is scheduled for May 29, 2022 at 3AM ET
- Opportunity Product Field Mapping
- When quote setting is not enabled, the Opportunity Product mapping automatically defaults to Ordway Contract line item.
- When quote setting is enabled, the Opportunity Product mapping allows users to choose from pick list values.
Help Center Documentation
New & Updated Articles
Check out these new & updated articles since 03/30/22!
New:
- Custom Start & End Dates for Revenue Recognition
- Avalara Errors & Troubleshooting
- Integrate Webhooks with Slack
- How do I view past due Invoices?
Special thanks to the Support Team for these additional articles!
- Effect of Coupon on MRR Calculation
- MRR Calculation when Charge and Contract End Dates Differ
- Billing Cycle Day Alignment when Bill to Parent is enabled
- How to change Revenue Rule when Recognize on Invoicing is used
- Duplicate transaction lines appear on Custom Report
- [Internal] Set up Calendly
- [Internal] Get Started with Ordway Accounts
Updated:
- Create Payment Run - updated with clarification on which invoices are included.
- Cancel Subscription - revised for clarity
- Subscription Cancellation Scenarios - revised for clarity
- Subscription Contract Dates - updated with clear definition of Defer Start Date
- Import Usage Records via API - updated with help from ENG
- Deferred Revenue Waterfall Report - updated to remove toggle for Exclude Future Invoices
- Sage Intacct Integration - updated with May release content
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