Tensoft’s Business systems consultant and revenue recognition expert Jason Ochipa recently joined us to provide some insights on how Tensoft Revenue Lens addresses some of the changes with the new ASC 606 guidance. As you know, a lot of that guidance is reflected to be more of a principles-based approach to accounting, which allows for […]
Momentum 2.0: Tensoft’s New User Conference
We are excited to announce Momentum 2.0, our new online user conference for Tensoft customers. Since 2005, Momentum has always been a great resource for our semiconductor customers to learn “what’s new” and to keep up with industry best practices. This year we have broadened the conference to include great content for everyone: Tensoft SemiOps […]
Insights from PwC’s Spring 2018 Revenue Recognition Bootcamp, Part II
Blog Post Continued: Another topic of interest covered during the PwC Bootcamp was revenue recognition management systems. As a revenue recognition management system provider, it’s always interesting to learn about their take on things from a corporate Fortune 500 system level – what you can expect from a revenue management system, the challenges when implementing, […]
Insights from PwC’s Spring 2018 Revenue Recognition Bootcamp, Part I
Last week, PwC hosted its “Spring 2018 Revenue Recognition Bootcamp,” a bi-annual event held here in Silicon Valley. Tensoft COO, Dan Berube, and I have been taking turns attending, and have found it to be an invaluable way to keep up with all of the changes to both the revenue recognition standards and how these […]
How to Modify Existing Revenue Agreements
In one of my previous blog posts, I mentioned an upcoming feature in Tensoft’s revenue recognition solution with regards to revenue agreements. Well, this much awaited version update is now part of the new Feature Pack release (2018 FP1) for Tensoft Revenue Lens, along with other new enhancements. With our latest release, we offer the […]
Structuring Software Sales Transactions for Optimal Revenue Recognition
As a NASBA registered CPE sponsor, Tensoft is required to run polling questions during our webcasts for participants who want CPE credit. Polling questions provide great feedback that helps us ensure valuable content for the attendees. Often the polling questions are interesting and informative on their own. One of our webcasts “Structuring Software Sales Transactions […]
Upcoming Webcasts for Tensoft Customers
Tensoft believes in empowering its customers. So we host training webcasts on a regular basis to keep our customers and interested prospects updated with the latest product features and market trends. This quarter, Tensoft will be hosting an array of events on various topics of interest to our semiconductor, software and technology industry customers. We […]
Tensoft RCM 2018 is Available Now!
We are excited to announce that the next generation of Tensoft’s revenue recognition solution, Tensoft RCM 2018, has arrived and is available now! For Tensoft, its customer needs are of paramount importance. This major release is packed with new features and enhancements to help customers keep up with latest revenue standards and make their lives […]
Customer Success Story: Tensoft Revenue Recognition Solution Helps eSentire Scale
We recently interviewed eSentire Senior Director of Finance, Aleksandra Baran, and Accounts Receivable Specialist, Sandra Stagg, at their office in Cambridge, Canada. Both Baran and Stagg are power users of Tensoft’s revenue recognition and contract management solution. They discussed eSentire’s move to Tensoft RCM, and how it has helped them with their revenue recognition, billing […]
Recurring Billing for the Subscription Model
A significant part of the business world prefers recurring revenue streams. Subscription companies starting today bake this into their business and product model from the start. Older companies are evaluating the right combination of services to provide their customers and the right billing models for the value delivered. Everyone needs to evaluate the nature of […]