This is the first in a series of blog posts on the impact of ASC 606, the new revenue recognition standard, on your business and accounting if you’re a re-seller or a distributor business. This topic was discussed in depth in the free online webcast hosted by Tensoft on “Implementing ASC 606: Potential Changes to […]
Need Revenue Recognition Quickly? Check Out Tensoft’s Express Solution
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, […]
Revenue Recognition Challenges in the Software Industry
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 […]
Top 10 Tensoft Blog Posts of 2020
Happy Holidays! I think one thing we all can agree on is that 2020 has been a crazy year – unexpected to say the least. As we navigate through these unprecedented times, here a few tips that can help in your journey of SaaS and ERP applications in the semiconductor and software industries. At the […]
A Framework for Analyzing Your Company’s Revenue Recognition Needs
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 […]
OrthoFi Manages Complex Revenue Recognition with Tensoft
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 […]
New Features in Tensoft DemandOps
Last month, Tensoft hosted What’s new in DemandOps during Momentum, Tensoft’s online customer user conference. This session covered some of the new features and functionality in Tensoft DemandOps. Below are a few feature highlights from this popular session. Order Confirmation With the new order confirmation screen, a DemandOps user can send an automated order confirmation […]
Momentum 2.0: Empowering Tensoft Customers
We are pleased to announce Momentum 2.0 – Tensoft’s online user conference – for the third quarter of 2020. Open to Tensoft customers, it will be hosted on September 22 and 23. Momentum is an opportunity for our customers to get in-depth training, to interact, to get insight on the new product updates and to […]
Get to Know Tensoft Knowledge Base
As you may know Tensoft Knowledge Base is a one-stop location for support and training resources for Tensoft customers. We host webinars on a regular basis to update our customers with the latest know-how on Tensoft products. These webinars and other customer exclusive resources – product and community – are available on Knowledge Base. This […]
Are Cross-over Business Models a Trend?
Since Tensoft started developing business management systems for semiconductor companies in 2000, that industry has seen a number of market trends. Consolidation has played a huge part in this market over the years, as smaller companies are acquired by larger players, and large players merge into even larger ones. And, of course, there are constant […]