By now, the five-step revenue recognition model for recognizing revenue under ASC 606 is familiar to most accountants. The five steps of this model are: 1) Identify the contract with a customer; 2) Identify the performance obligation in the contract; 3) Determine the transaction price; 4) Allocate the transaction price; and, 5) Recognize revenue as […]
Semiconductor Chip Maker Finds Tensoft FSM as A Good Fit!
Note: This blog post was originally published on March 21, 2017, when the product was still called as Tensoft FSM. While existing Tensoft FSM customers continue to be supported, Tensoft SemiOps is our current offering for new customers. MoSys, a fabless semiconductor company, needed a responsive solution that could replace their homegrown WIP tracking system […]
Are You Ready for Spring 2021 Momentum 2.0?
We are excited to announce our first Tensoft customer exclusive online user conference of 2021! Our Spring Momentum 2.0 will be held on May 11-12 this year. Registration is open now and it is free. Momentum 2.0 is a great opportunity for Tensoft customers to learn about the new product features and enhancements. It brings […]
Tensoft SemiOps: Built to Help Fabless Semiconductor Companies Scale
GaN Systems, a fabless semiconductor company based in Ottawa, Canada needed a scalable solution to meet their industry-specific needs and help support their global semiconductor supply chain. After a thorough search, they chose the Tensoft Fabless Semiconductor Management solution. We recently interviewed the team at GaN Systems to learn about their experience with Tensoft FSM […]
Microsoft Positioned as a Leader (Again) in the Gartner Magic Quadrant
February was an exciting month for Microsoft Power BI partners, including Tensoft. One reason is because Power BI is the clear leader on the 2021 Gartner Magic Quadrant for Analytics and Business Intelligence (ABI) Platforms. And, this is the 14th consecutive year that it has been positioned as a leader! Per the 2/15/21 Gartner report, […]
Need Revenue Recognition Quickly? Check Out Tensoft’s Express Solution
As an established cloud revenue recognition application provider for omni-channel software and technology companies, Tensoft understands that the needs of emerging start-ups and mid-sized companies are not always very different from that of larger companies. In fact, smaller software and technology enterprises often have the operational complexities of much larger companies. A key difference, however, […]
Top 10 Tensoft Blog Posts of 2020
Happy Holidays! I think one thing we all can agree on is that 2020 has been a crazy year – unexpected to say the least. As we navigate through these unprecedented times, here a few tips that can help in your journey of SaaS and ERP applications in the semiconductor and software industries. At the […]
OrthoFi Manages Complex Revenue Recognition with Tensoft
OrthoFi, a tech enabled service for orthodontic practices based in Denver, Colorado, needed a trusted solution to manage their complex revenue recognition system. After evaluating both, internal and external options, they decided to implement Tensoft Revenue Lens. Anne Richard, the Controller at OrthoFi, joined us for a video interview to share their experience with Tensoft […]
Momentum 2.0: Empowering Tensoft Customers
We are pleased to announce Momentum 2.0 – Tensoft’s online user conference – for the third quarter of 2020. Open to Tensoft customers, it will be hosted on September 22 and 23. Momentum is an opportunity for our customers to get in-depth training, to interact, to get insight on the new product updates and to […]
Are Cross-over Business Models a Trend?
Since Tensoft started developing business management systems for semiconductor companies in 2000, that industry has seen a number of market trends. Consolidation has played a huge part in this market over the years, as smaller companies are acquired by larger players, and large players merge into even larger ones. And, of course, there are constant […]