Tech Company Observer: Blog for High Tech Companies

An Introduction to Standard Costing in the Technology Industry

January 20, 2021 by Bob Scarborough

[The following is a partial transcription of the beginning of a recorded Tensoft SemiOps training webcast, which is available to anyone who’s interested – see video here.] “While semiconductor manufacturing is a process, it also has fixed outcomes, which makes it unique. So it’s not really process manufacturing like food, oil and gas, or paint […]

Need Revenue Recognition Quickly? Check Out Tensoft’s Express Solution

January 7, 2021 by Caprice Murray

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, […]

Why You Need an ERP Partner, Not an ERP Vendor

December 30, 2020 by Bob Scarborough

When you make a decision to purchase an ERP system, you’ll almost certainly also be making a decision on an implementation solution provider as well. Some companies define the relationship with their solution provider as a customer/vendor relationship – a relatively adversarial relationship where the vendor must be closely managed and their “feet must be […]

Revenue Recognition Challenges in the Software Industry

December 17, 2020 by Jason Ochipa

Recognizing revenue can be particularly challenging in the software industry. The challenges can arise from the sales process, the volume / complexity of the sales transactions, the number of inputs required in the revenue process, or from the appropriate accounting standards that apply to your business. Occasionally you may have all of the above! I’ll […]

Answers to Your ERP Selection and Implementation Questions

December 1, 2020 by Caprice Murray

Today’s blog features a Q&A session with Tensoft’s ERP implementation expert. 1. What factors typically drive the decision to implement to a new accounting or ERP solution? Several factors can be involved at any one company. I’d say that the need to support growth and change tops the “short list’ of reasons that companies decide […]

A Framework for Analyzing Your Company’s Revenue Recognition Needs

November 19, 2020 by Bob Scarborough

There are many scenarios where what you sell does not move directly to revenue. Revenue is deferred largely because it has not been earned yet due to some need to deliver over time or possibly events that have not yet occurred. When you need to defer revenue you need to identify the sale to the […]

Tensoft SemiOps Feature Highlight: Production Release Workflow

November 12, 2020 by Caprice Murray

In our latest Momentum Conference, Tensoft Business Systems Data Analyst Eddie Gu covered some of the new features and enhancements in Tensoft fabless semiconductor management software, Tensoft SemiOps. These features and enhancements help improve productivity, making life easier for our customers. One feature that had significant enhancements in the latest release was the Production Release […]

SMB With “Big Data” Challenges? You’re Not Alone

November 4, 2020 by Jason Ochipa

If you’re an SMB (Small and Medium sized Business) with “big data” challenges, you’re probably like many of Tensoft’s customers – trying to find key and actionable information in a sea of data. You have sales information, customer information, inventory information, revenue information, details about customer contracts and future billings. But wait a minute, you’re […]

OrthoFi Manages Complex Revenue Recognition with Tensoft

October 28, 2020 by Caprice Murray

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 […]