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 […]
Revenue Recognition for Technology Companies: Q & A
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 […]