Excel spreadsheets play a big part in how many companies do business, especially in accounting and finance departments. However, using spreadsheets for critical processes in your business can be risky. Watch this short video by Tensoft’s Customercare Manager, Anne Phan, to see some of the risks you should be aware of when you use spreadsheets […]
The Trick to Supporting a Semiconductor Startup Ramp
As anyone familiar with the semiconductor industry knows, there’s a lot of variation in what semiconductor design-based organizations make. Tensoft’s customers include companies that make silicon and compound integrated circuits, MEMS devices, LED, RF, solid state, and solar technologies. All of these need to manage global production across multiple vendors. And, they also need to […]
Planning an ERP Implementation or Upgrade? Read This First!
Q: What motivates companies to implement to a new ERP system? Murray: There are several common reasons that drive companies to implement a new ERP system. The primary reason is to support growth and increased operations. Another motivator can be that their current applications have limited reporting capabilities and management tools. Some early-stage companies are […]
Managing the Requirements for Multinational Operations at Start-ups and Smaller Companies
Tensoft has been located in Silicon Valley for many years, and over time I have observed the development of this hub of technology companies. Despite growing costs, Silicon Valley has remained the central location for high tech for many reasons, including the mobility of information, funding, support systems, people, and culture. However, for a variety […]
Standard vs Actual Cost: Choosing the Best Method in the Semiconductor Industry
Within the fabless semiconductor industry the standard cost approach is usually the norm, but some still argue for the use of actual cost. In reality, actual cost methods – such as specific identification, moving average, FIFO, and LIFO – are less able to deal with the complexities of the semiconductor industry. Actual cost is a […]
Quick Ship Functionality in Tensoft SemiOps
Below is a full transcript from our latest training video on the new quick ship functionality in Tensoft SemiOps. “In this demo, we will be going over the new quick ship functionality. The quick ship screen is going to be under the Shipment module in SemiOps. It’s going to be Quick Ship DO. So, when […]
The Importance of a Good ERP Partner
We know from experience that companies don’t always really consider the importance of an ERP Partner’s experience working with other companies in their particular industry. Some companies may choose their ERP implementation vendors based on their size, or the number of overall implementations that they’ve done, but far fewer ask this critical question: “How many […]
Momentum 2.0: Tensoft Customer Conference Kicks Off May 10
Tensoft will be hosting its first customer conference for 2022 in May. Planned for May 10 & 11, this conference is dedicated to Tensoft SemiOps and DemandOps, Microsoft Power BI and Microsoft Dynamics 365 Business Central. For those who are unaware, Momentum 2.0 is our online customer user conference. Since 2018 Tensoft has been hosting […]
The Impact of the SaaS Model on Customer Service
The SaaS model is clearly here to stay, and it feels that every day a new offering is born, whether from a brand new start up or from a company with an established history of selling traditional on premise software products. From a customer perspective, the benefits are clear – lower initial upfront costs, higher […]
How to Get an Industry-specific Fabless Semiconductor ERP That Works for Both Finance and Operations
In today’s post-modern ERP world, many emerging companies reject the monolithic “all-in-one” solution of the past. Instead, they’re opting for a best-of-breed cloud approach, which is now well-supported by current integration technologies. So, this popular approach no longer requires a large IT department (and budget). Consequently, it’s easier than ever for mid-sized companies to get […]