Adding Tensoft Revenue Lens to your financial systems requires two tasks. The first task is to set up our application. The second task is to bring your sales into Revenue Lens. The ideal is to capture the sales data where it occurs and to move that into Revenue Lens. Your sales may happen online, or in your financial or CRM system (or all of the above). Extracting that information to seamlessly move from sales to revenue recognition is about onboarding your data into Revenue Lens.
The onboarding process consistently applies business rules to sales transactions to recognize revenue according to the revenue standards (ASC 606 & IFRS 15). It streamlines the revenue deferral process and improves revenue visibility. The structured approach to revenue recognition provides efficient and accurate results.
View the short demo to learn about the types of sales documents, how to get them into Revenue Lens, and how your sales are transferred into revenue agreements. Revenue agreements are living documents that manage your deferred revenue process.
To learn more about Tensoft Revenue Lens, view this fact sheet or contact us today.