High-tech product companies that sell through a distribution-based model often require a demand management solution that captures and manages demand signals for the entire process from finished product to end-customer. Tensoft’s demand management solution, Tensoft DemandOps – a purpose-built SAAS application – delivers both. Of the many benefits that Tensoft DemandOps offers, here are five […]
4 Principles of Revenue Recognition
As you probably know, revenue recognition can be a challenging process. With all of the changes that will be brought by ASC 606, it’s more important than ever to have a good grasp of the basics. To master those, there’s no better place to start than understanding the four principles of revenue recognition. Tensoft’s most […]
Tensoft RCM: New Feature Highlights
Tensoft recently released Feature Pack 3 for its revenue, billing and contract management solution, Tensoft RCM 2015. This release provides a number of new features requested by Tensoft customers, and is available both to new and existing Tensoft RCM customers now. In this blog post, I’ll describe a few of the new features that should […]
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 […]
SMB With “Big Data” Challenges? You’re Not Alone
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 […]
The Importance of a Good ERP Partner
I’ve been lucky enough (or unlucky enough, depending on your perspective), to be on both sides of the ERP equation. That is, I’ve worked as a consultant implementing ERP systems and for businesses implementing ERP systems. Now, while this might be obvious to some, I know from experience that companies don’t always really consider the […]
VIDEO: Inventory Value and Standard Cost
The following is a transcript of the video clip above, which was taken from the Tensoft FSM customer webcast entitled “Standard Cost: Theory and Practice in Tensoft FSM,” featuring Bob Scarborough, Tensoft’s CEO. This complimentary training was originally presented live for Tensoft FSM customers. Since the instructional material covered in this video blog is appropriate […]
Tensoft Revenue Lens in 2 Minutes
Tensoft Revenue Lens can help your company get rid of lack of visibility over your contract statuses, prepare your revenue reports for audit visits, and ditch the error-prone spreadsheets. With Tensoft Revenue Lens, your company can enjoy smoother processes, less errors, and better revenue reporting. For a quick overview of Tensoft Revenue Lens, we’ve created […]
Highlights from Momentum 2017
Tensoft hosted Momentum 2017, the 12th Annual FSM User Conference on Sept. 11-12. This once-a-year customer exclusive conference covered an extensive array of lectures and hands-on lab sessions on many relevant topics requested by our customers. The opening session on Monday was delivered by Tensoft CEO, Bob Scarborough and Tensoft COO, Dan Berube. This was […]
Semiconductor Companies: Are You Ready for the New Revenue Recognition Rules?
In June 2010, the FASB issued the Proposed Accounting Standards Update for Revenue Recognition (Topic 605) which began a process that is set to massively change how U.S. corporations recognize revenue. Since 2010 comments have been made, revisions published and implementation guidance given, but there are probably many companies out there that don’t yet realize […]