SAN JOSE, CA – February 24, 2014 —Tensoft Inc. www.tensoft.com the first Cloud revenue recognition applications provider for omni-channel software and technology companies, announced today the availability of its enhanced Tensoft On Demand Integration solution. The new solution is a subscription offering which provides seamless integration with Tensoft cloud apps and Microsoft Dynamics ERP, including Dynamics GP, NAV and AX.
The Tensoft On Demand Integration platform quickly connects Tensoft Revenue Cycle Management (RCM) to Microsoft Dynamics ERP deployments, whether they are on-premise, third-party hosted or Cloud subscriptions. Now Microsoft Dynamics users worldwide — including multinationals with autonomous subsidiaries or hub-and-spoke implementations encompassing varied ERP systems — can standardize on a single, unified billing, revenue recognition and compliance solution designed for technology companies.
“In 2011 Tensoft announced the first revenue management solution to earn the Certified for Microsoft Dynamics (CfMD) accreditation,” said Bob Scarborough, Tensoft President and CEO. “Today, we continue our market leadership with another first — the only revenue lifecycle management Cloud app delivering an intelligent integration service for the entire Microsoft Dynamics ERP ecosystem.”
Beyond finance integration, productized connections with CRM, professional services automation (PSA), digital commerce and self-service software and SaaS solutions are quickly on-boarded through Tensoft On Demand Integration.
About Tensoft RCM
The Tensoft Revenue Cycle Management (RCM) suite automates the complex billing and revenue management lifecycle, replacing spreadsheets and double-entry processes with a fully integrated and auditable solution. Its hierarchical contracts repository manages multi-element arrangements with diverse billing schedules, spanning perpetual, renewal, subscription, milestone, event- and usage-based models. Its rules-based revenue accounting sub-ledger simplifies deferred revenue schedules from ERP, CRM and/or e-commerce applications. Tensoft RCM offers determination, recognition and application support for U.S., GAAP and FASB standards spanning SOP 81-1, SOP 97-2 & 98-9, SAB 101, EITF 00-21, EITF 08-01 and EITF 09-03.
Tensoft provides business management applications to automate industry-specific lifecycle processes for the semiconductor, technology and software industries. Tensoft’s business-ready solutions extend broad, horizontal ERP functionality to meet vertically demanding, high-tech needs. For over 17 years, technology companies worldwide have relied on Tensoft software and cloud-based services to power and improve operations. Tensoft is headquartered in Silicon Valley with offices throughout the U.S., Europe and Asia. For more information, go to www.tensoft.com or call (888) 450-4030 x406.