Heads up on the awesome 05/14 Ordway platform release: 

• Release Schedule
• Feature Enhancements
  • Finance
    • Custom Start & End Dates for Revenue Recognition
  • Integrations
    • Sage Intacct
      • Map and Sync Products & Invoices
    • Salesforce
      • Minor Package Update v3.7
  • Help Center Documentation
    
    • New
    • Updated

Release Schedule

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. 

• Read more about Custom Start & End Dates for Revenue Recognition.

Integrations

Sage Intacct

Ability to map and sync Products and Invoices

• Read more about these new syncing capabilities.

Salesforce

Minor Package Update 3.7

Push upgrade to Sandbox orgs is scheduled for May 22, 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? 
• 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

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 - revised for clarity
• Sage Intacct Integration - updated with May release content
• Salesforce Managed Package - updated with May release content