SAN JOSE, CA – March 19, 2012 — Tensoft, a leading end-to-end ERP and supply chain solution provider for the technology industry, announced today the release of version 5.5 of its Tensoft Revenue Cycle Management (RCM) application. The newest release includes updates and enhancements that address specific customer requests which will benefit significant sub-sets of the product’s user community.
“In keeping with our roadmap for Tensoft RCM and expectations in the SaaS world, this is an incremental release that enhances and adds to functionality that’s already there,” said Tensoft President and CEO Bob Scarborough. “These quarterly releases are combined into significant packages every half year or year, and are provided to customers in a phased approach. This allows our customers to more easily choose when they’d like to update, and supports IT best-practices like user acceptance testing (UAT).”
Tensoft RCM 5.5 includes enhancements for customers using the following business models:
Customers with Web Sales – Provides more options to allow customers to pull in external data, added views for summarized reporting, greater ability to gain access to details, and more options for forecast reporting.
Customers with Enterprise Agreements – Supports additional methods for uploading contracts into the system in terms of initialization and CRM integration, enhanced billing options, greater flexibility for contract administration, and, streamlined transaction posting.
Available immediately, the newest release is an extension of existing functionality, can be easily added for customers already running Tensoft RCM, and is available to all new customers. For more information, contact Tensoft directly at solutions@tensoft.com or call (888) 450-4030 x406.
About Tensoft RCM
Combined with the core financial and reporting capabilities of Microsoft Dynamics ERP, Tensoft RCM provides one central location – and one integrated system – to automate a company’s lifecycle business processes such as billing and contract renewals as well as revenue recognition and FASB compliance management. Using fully auditable and traceable processes, it is a strong fit for companies that utilize complex revenue models that include enterprise licenses, royalty or OEM contracts, complex billing driven by usage and sophisticated pricing terms, large account business management or high-level models such as those used by the online gaming industry.
About Tensoft
Tensoft provides business management applications to automate industry-specific lifecycle processes for the semiconductor, technology and software industries. Tensoft’s business-ready solutions extend broad, horizontal ERP functionality to complete the most vertically demanding, high tech needs through critically relevant content, domain expertise, embedded best practices and performance analytics. For over 15 years, technology companies worldwide have relied on Tensoft software and cloud-based services to power and improve their operations. Tensoft is an award-winning, applications company headquartered in Silicon Valley with sales and support offices throughout the U.S., Europe and Asia. For more information, go to www.tensoft.com or call (888) 450-4030 x406.