One of the best features in Tensoft SemiOps is multi-currency procurement. In SemiOps, there are two forms of currency – functional and procurement. The functional currency is the currency that SemiOps uses for costing, variances, and valuing inventory. The procurement currency is the currency that you use when you procure or purchase through the Purchase […]
How Startups Can Simplify Revenue Recognition with Tensoft Revenue Lens
Startups need speed, simplicity, and scalability, especially when it comes to revenue recognition. Tensoft Revenue Lens delivers just that! With a quick-start implementation built for growing companies, it simplifies everything from ASC 606 compliance to managing deferred revenue. Whether you’re scaling fast or streamlining operations, Revenue Lens makes revenue recognition easy and efficient. Here’s how […]
Three Tensoft Customers Named Finalists for the 2025 GSA Annual Awards
We’re thrilled to announce that three of our valued customers have been nominated as finalists for the 2025 Global Semiconductor Alliance (GSA) Annual Awards! GSA is a leading industry organization representing 300 corporate members, including 122 public companies, and 84% of the $662 billion semiconductor market. The GSA Annual Awards celebrate the best and brightest […]
Supply Chain Optimization – What Is It?
There are a number of definitions for supply chain optimization. Our perspective is a broad definition, where the goal of supply chain optimization is to maximize revenue and/or product margins by building the right thing at the right time for the right people. To achieve this goal requires a sophisticated level of understanding and action. […]
Accelerate Your Month-End Close with Tensoft Revenue Lens
Tensoft Revenue Lens is a powerful solution designed to streamline revenue recognition and simplify your month-end close process. It starts with uploading monthly revenue agreements via Data Management > Data Import, followed by computing revenue for the selected period using methods such as straight-line, milestone, or percentage-based calculations. Users can generate change reports to monitor […]
How to Manage Dates for Financial Period Close in Tensoft SemiOps
Managing financial period close in Tensoft SemiOps requires a clear understanding of how different types of dates are handled or used throughout the system. In this blog post, I’ll cover the three key dates you need to manage in SemiOps and how they impact your financial close and reporting. Transaction Date A transaction date is […]
A Quick Overview of Tensoft Revenue Lens
Subscription companies, companies with deferred revenue, usually start by managing revenue in Excel. Revenue recognition in a spreadsheet makes sense when you are a small company because it’s a small data set, material, less revenue going through the system and fewer transactions. When your company starts growing revenue management gets complicated. Sometimes the challenge is […]
Semiconductor Industry Revenue and Variable Consideration
Semiconductor Industry Revenue The value chain in the Semiconductor Industry can have companies selling directly to end customers for their products, or through distribution and contract manufacturing channels to reach your end customer. When you are selling through an extended value chain the end price for the product sold may not be known at […]
Rework Vs Scrap and Bonus
We recently explored one of the most requested topics: Rework vs Scrap and Bonus, and the best practices for using them. Below are a few highlights from this session that you may find helpful. Rework A rework is a type of production order that allows you to move inventory through a test step again, or […]
How to Optimize Price lists in DemandOps for Sales and Revenue Tracking
Price lists in Tensoft DemandOps serve as the backbone of your sales transactions. They ensure that the correct prices are applied consistently across quotes and sales orders. Optimizing price lists in DemandOps is about creating a system that supports your sales strategy and simplifies operations. These price lists can be based on Internal Parts (used […]