Case Study: Casepoint improves DSO 30% and cuts month-end close up to 80% with Ordway
Key results
The challenge
Casepoint provides an eDiscovery and legal-technology platform. Its tiered, usage-based invoicing was handled manually each month, with the team entering customer usage data, creating individual invoices, and processing revenue recognition. The process was time-consuming and prone to human error.
The solution
Ordway automated Casepoint's recurring and usage-based billing, including invoice generation, collections workflows, revenue recognition, and renewal tracking, integrated with QuickBooks.
“We've probably saved at least several days of our month end close process, but we got insights about the month's revenue faster than we would have had we done it without Ordway.”
MMMohit ManochaChief Financial Officer, Casepoint
The results, in context
Casepoint improved days sales outstanding by nearly 30% and cut its month-end close time by 50-80%, from one to two weeks down to one to two days. The finance team also gained faster insight into monthly revenue.