Ordway Launches AI Payments Platform for Automated Reconciliation

Ordway has released Ordway Payments, a payments platform designed to eliminate manual reconciliation work for finance teams, announced in a press release. The system extends Ordway's order to revenue automation platform by combining billing and payments into one application.

Ordway Payments automates the full invoice to cash lifecycle through AI based cash application. The AI automatically matches incoming payments from various sources to their corresponding invoices. It can handle complex situations such as lump sum payments that cover several invoices or incomplete transaction information. The AI model improves over time by learning from manual corrections.

The platform also includes credit card and ACH processing for recurring billing, dispute resolution, refunds, and exception handling. It unifies billing, reconciliation, and cash application functions within a single interface, allowing finance teams to close books faster and reduce manual effort.

Ordway developed the platform to address customer needs for an integrated billing and payments experience rather than introducing a separate payment tool. The company focuses on reducing reconciliation workloads as businesses adopt more complex pricing models.