Case Study: Group GTI automates month-end close and revenue recognition with Ordway

GTI Automates Month End Close & Revenue Recognition

Group GTI, a company that helps connect students with universities and employers, was struggling to keep pace with growth as its finance team faced a complex, time-consuming month-end close. Different revenue streams and products required different treatments, making revenue accounting and IFRS 15 compliance especially arduous. To address this, Group GTI implemented Ordway’s revenue recognition software.

With Ordway, Group GTI centralized and streamlined its revenue close process, automating the calculations and journal entries needed at month end and preparing them for posting into Xero or other accounting systems. The result was faster closes, better visibility into revenue recognition, greater confidence in revenue accounting, and significant time savings for the finance team. Group GTI also praised Ordway’s support and bespoke assistance, noting that the implementation was intended to be cost-neutral through time saved.

Group GTI

James Doherty

Head of Finance, Data, and Systems