Ordway
Ordway is a billing and revenue automation platform designed to simplify complex subscription management, invoicing, and financial reporting for scaling companies with recurring revenue models.
Unit Trac
Unit Trac is a cloud-based self-storage management software that simplifies facility operations through automated billing, integrated website templates, and interactive site maps to help you manage your business efficiently.
Quick Comparison
| Feature | Ordway | Unit Trac |
|---|---|---|
| Website | ordwaylabs.com | unittrac.com |
| Pricing Model | Custom | Subscription |
| Starting Price | Custom Pricing | $50/month |
| FREE Trial | ✘ No free trial | ✓ 30 days free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2018 | 2013 |
| Headquarters | Washington, DC, USA | Cedar Falls, USA |
Overview
Ordway
Ordway helps you bridge the gap between your sales CRM and your accounting ERP. If you struggle with complex pricing models, manual billing workarounds, or messy spreadsheets, this platform automates the entire contract-to-revenue lifecycle. You can manage subscriptions, handle one-time fees, and automate usage-based billing without manual intervention.
The software is specifically built for mid-market and enterprise companies that have outgrown basic billing tools. By centralizing your billing data, you can eliminate revenue leakage and ensure your financial team stays audit-ready with automated revenue recognition. It provides the flexibility you need to launch new products or pricing experiments quickly while maintaining a clean sub-ledger for your accounting team.
Unit Trac
Unit Trac provides a straightforward, cloud-based platform designed specifically to help you manage self-storage facilities without the complexity of traditional enterprise systems. You can oversee your entire operation from any device, allowing you to sign leases digitally, automate recurring payments, and track occupancy through a visual, interactive site map.
The software focuses on removing the administrative burden of facility management by providing integrated customer-facing websites where tenants can rent units and pay bills online. Whether you manage a single location or multiple facilities, you can streamline your daily tasks and maintain a professional digital presence with minimal technical effort.
Overview
Ordway Features
- Subscription Management Manage the entire customer lifecycle from initial sign-up through renewals, upgrades, and complex mid-month plan changes.
- Usage-Based Billing Automate high-volume usage data processing to accurately bill customers based on their actual consumption of your services.
- Revenue Recognition Stay compliant with ASC 606 and IFRS 15 standards using automated schedules that eliminate manual spreadsheet calculations.
- Flexible Invoicing Generate professional, branded invoices that support multi-currency, custom tax rules, and various payment terms for global customers.
- Payment Gateway Integration Connect your preferred payment processors to collect credit card and ACH payments directly through automated customer portals.
- Financial Reporting Access real-time insights into your MRR, churn, and deferred revenue through customizable dashboards and detailed financial exports.
Unit Trac Features
- Interactive Site Map. View your entire facility at a glance and manage unit statuses, rentals, and maintenance needs directly from a visual map.
- Automated Billing. Save hours every month by automating recurring invoices and credit card processing so you never miss a payment.
- Digital Lease Signing. Send professional lease agreements to your tenants' mobile devices for instant electronic signatures and secure cloud storage.
- Integrated Website. Launch a mobile-friendly website that allows your customers to browse available units and rent them online 24/7.
- Financial Reporting. Generate instant reports on occupancy rates, delinquent accounts, and tax liabilities to keep your business finances on track.
- Multi-Facility Support. Manage multiple storage locations through a single login, making it easy to scale your business across different regions.
Pricing Comparison
Ordway Pricing
Unit Trac Pricing
- Unlimited units
- Integrated website
- Interactive site map
- Electronic signatures
- Automated communications
- Financial reporting
- Everything in Single Facility, plus:
- Centralized management dashboard
- Consolidated financial reporting
- Individual facility settings
- Scalable pricing per location
- Dedicated account support
Pros & Cons
Ordway
Pros
- Handles complex multi-element arrangements with ease
- Reduces monthly close time for finance teams
- Flexible API allows for deep custom integrations
- Excellent support during the initial implementation phase
Cons
- Initial setup requires significant time and planning
- Learning curve for users unfamiliar with ERP logic
- Reporting customization can be complex for beginners
Unit Trac
Pros
- Flat monthly fee regardless of unit count
- Extremely intuitive interface with low learning curve
- Responsive customer support based in the USA
- Clean, professional-looking tenant-facing websites
Cons
- Limited advanced marketing automation features
- No native mobile app for facility managers
- Fewer third-party integrations than larger competitors