IMPORTANT NOTE: The information in this post is still accurate for current GAAP, until the ASC 606 standard is adopted. That will be in Jan 2018 for public companies, and Jan 2019 for most private companies. Last November, Jeffrey Werner gave a two-part training course on revenue recognition that covered a wide range of topics […]
How to Create Export Solutions in Microsoft Dynamics GP Smartlists
Microsoft Dynamics GP SmartList Builder and Microsoft Excel are designed to work hand in hand so that data can easily be exported from one program to another. There are a couple ways to go about doing that and today I will be showing you how to export the data using a ‘Clear’ macro. By watching […]
Using Excel for Revenue Recognition Tracking?
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 the risks you should be aware of when you use spreadsheets for […]
Tensoft FSM 2017: New Feature Highlight
As you may already know, Tensoft has recently announced a major release. Tensoft FSM 2017 is now available to all customers who want to stay up to date with the most powerful version of Tensoft FSM. Jeff Piaskowski, Tensoft’s Supply Chain and Manufacturing Consultant, joins me today to share a couple new features and functionalities available […]
Manufacturing in the Semiconductor Industry
Semiconductor manufacturing stands apart as a unique process when you compare it to other manufacturing processes. From a systems perspective, production in most manufacturing industries is either discrete or process manufacturing – semiconductor manufacturing can be defined as process manufacturing with a discrete outcome all the while focused on lot genealogy. Here’s what I mean […]
Top 10 Reasons to Attend Momentum 2017
In just over a month, we will be hosting another grand Tensoft FSM user conference in downtown San Jose! We are excited to bring you another two full days of training straight from the experts at Momentum 2017. Besides the fact that the Tensoft team is studiously preparing an excellent agenda for this year’s event, […]
BESP- Best Estimated Selling Price : What’s the Big Deal?
During a Tensoft webcast entitled “Revenue Recognition Accounting for Software as a Service (SaaS)”, guest presenter Jeffrey Werner was asked the following question: How are you seeing the “Best Estimated Selling Price” working in practice, especially where there is no pricing history and management doesn’t establish firm pricing methodologies? Should we just bundle everything together […]
Microsoft’s Cloud Strategy Success Was an Inside Job
Two articles in the same issue of “The Street” recently caught my eye. Both are about Microsoft, and both mention the layoff news that’s emerging as a result of the company’s annual re-organization. The first, Microsoft Gets Rebooted Under Satya Nadella Here Are His Six Biggest Achievements, describes how many of Microsoft’s products were struggling […]
Implementing ASC 606: Potential Changes to Subscription Based Revenue Recognition
Welcome to Tensoft’s- Implementing ASC 606, the new revenue recognition standard and some of the changes to SaaS and Subscription based revenue recognition models for technology companies. My name is Jeffrey Werner, I am with the Werner Consulting Group, the revenue recognition consulting practice. Here’s some of the potential changes that SaaS and subscription services […]
Tensoft Customers: FSM Training Videos Are Here!
Tensoft is excited to launch a new series of FSM training videos exclusively for its customers. Tensoft customers can log into Tensoft CustomerSpace and can access these short informative videos covering some of the basic functionalities in Tensoft FSM. To learn more about this training series, watch the introductory video below. If there are any […]