SAN JOSE, CA – April 15, 2014 —Tensoft Inc., the first Cloud revenue recognition applications provider for omni-channel software and technology companies, announced today that they have completed an agreement with Cleo, of Loves Park , IL to deploy Tensoft Revenue Deferral Management (RDM) to help automate the company’s revenue recognition processes. Founded in 1976, Cleo is a global leading provider of enterprise software for managed file transfer, file sharing and collaboration, and other information integration solutions.
“Given the assignment to make our systems compliant with today’s regulations, I needed to validate that Tensoft RDM would manage deferred revenues with a straightforward rules-based engine that included audit support,” said Dick Gorman, Director of Finance, Cleo. “Tensoft validated the fit of their solution for our needs, and we selected it as a result.”
“Tensoft RDM will help Cleo automate their order-to-cash process flow. The order-to-cash process uses Salesforce.com CRM and Microsoft Dynamics financials – the addition of our revenue management product supports streamlining the end to end process.” said Bob Scarborough, President and Co-founder, Tensoft. “Our solution goals are to support productivity, visibility, and compliance for our customers. An integrated end to end process will support productivity and streamlined operations for the team, greater insight into revenue recognition and forecasting, and improved auditability for the financial system. ”
About Tensoft RCM
The Tensoft Revenue Cycle Management (RCM) suite of revenue recognition software applications completely automates the complex revenue recognition and management lifecycle, and replaces spreadsheets and double-entry processes with a straightforward, intuitive, fully integrated and auditable revenue management solution.
Companies need to move data both within their enterprise and beyond. They want to view data insights and act with informed decisions. Cleo makes it easy! With over 35 years of experience and over 100,000 proven and tested installations worldwide, Cleo offers enterprise integration software solutions that are exceptionally easy to install and use. Cleo solutions handle the most comprehensive requirements of enterprise and multi-enterprise integration and include a library of over 800 preconfigured secure connections to speed your implementation. Regardless of the size or complexity of your integration needs, Cleo has the right solution for you.
Tensoft provides business management applications to automate industry-specific lifecycle processes for technology companies. Tensoft’s business-ready solutions extend broad, horizontal ERP functionality to meet industry specific needs for demanding high-tech company environments. For over 17 years, technology companies worldwide have relied on Tensoft software and cloud-based services to power and improve operations. Tensoft is headquartered in Silicon Valley with offices throughout the U.S., Europe and Asia. For more information, go to www.tensoft.com or call (888) 450-4030 x406.