A few years ago, Gartner introduced the term “Postmodern ERP.” In an earlier blog post, I discussed how they define it, as well as an alternative definition. And, I also described how this relates to Tensoft and its solutions. But I left the question of “how did we get to postmodern ERP?” for another time […]
“ERP for Fabless Semiconductor Company”: Why This 2004 Forum Post is Still Relevant Today
Way, way back on July 20, 2004, the following post was submitted to the ERP Vendor Selection Forum on Toolbox.com: Hi, I am currently evaluating 3 [ERP] solutions for a fabless semiconductor startup company looking for a package sufficient for a mid-sized organization covering inventory, standard costing, multiple lines of product (ICs and end products) […]
How to Stay Current on the New Standards for Revenue Recognition
In today’s increasingly complex financial and regulatory environment, it can be challenging to stay current on the latest accounting guidance, and particularly on updates for the new standards for revenue recognition. To get a sense of how accounting and finance professionals are doing that today, I queried members of a popular online forum, Proformative, about […]
From Semicon Southeast Asia 2016: Predictions for Changes to the Semiconductor Business Model
Bob Scarborough and I are here in Penang Malaysia, and have just attended the first day of Semicon Southeast Asia 2016. Along with four other industry leaders, Bob presented at the Supply Chain in High Tech Industry Forum. Bob’s topic was “Optimizing the High Tech Supply Chain in the Era of IoT” – we’ll be […]
Postmodern ERP and Tensoft
This is the first in a series about “Postmodern ERP,” a term coined by Gartner in 2013, and one that has been gaining momentum in common business vernacular ever since. In this post, I’ll take a look at what’s meant by postmodern ERP and how that relates to Tensoft. In the coming weeks ahead, I’ll […]
Tensoft’s 10th Annual Momentum Starts Off with a Bang
Tensoft Fabless Semiconductor Management (FSM) customers from Asia, Europe and high tech centers around the US converged yesterday for the first day of Momentum 2015. After the morning kick-off meeting, we heard from three Tensoft customers – both in finance and operations – who shared their experience and accumulated wisdom as Tensoft FSM users. Then […]
How Revenue Recognition Can Help Align Sales and Finance (Instead of Pitting Them Against Each Other in a Spiral of Death)
Revenue recognition – and the finance team that applies it – often ends up being the bane of creative sales deals, seen as cramping the sales department’s ability to maximize the amount of money that they bring in the door. This is the natural result of the very different goals of finance and sales. Finance […]
Your Revenue Recognition Questions Answered!!
Tensoft hosted another complimentary one hour CPE-eligible webinar on the New Revenue Recognition Standard. This webinar entitled “How to Be Ready for the New Revenue Recognition Standard” featured revenue recognition expert, Jeffrey Werner. Jeffrey covered both the background information of Revenue Recognition and some detail concerning the most recent developments of The New Revenue Standard. […]
A Tensoft Customer Billing Management (CBM) Success Story
Here at Tensoft, we just happen to have many of the same business system needs as our customers, including a need for complex billing support. That’s understandable since Tensoft is a software company, as are many of our customers. And, in addition to developing and selling our software, we provide cloud, implementation and support services […]
Free Webcast: How to Be Ready for the New Revenue Recognition Standard
Be sure to join us for Tensoft’s next free webcast – this should be of interest to quite a few of you in Accounting at technology companies, or if you have clients in this industry. The topic will be “How to Be Ready for the New Revenue Recognition Standard,” and attendees will be able to […]