Revenue recognition is a big topic, especially if you are a technology company. The accounting standards are complex when determining what is revenue, when it can be recognized, and even how it is allocated among the line items in a single sales transaction. Multi-element arrangements – sales of multiple related items in the same sales […]
Top 10 of 2019: Tensoft Blog Posts
2019 has been an exciting year for Tensoft! We have added some incredible products, new features to existing products, and a multitude of great new customers. As we wrap up this year, we want to share our list of top 10 Tensoft blog posts with you. Why It’s Easier Than Ever to Adopt Tensoft SemiOps […]
From Semiconductor ERP to Software Revenue Recognition
I met Tensoft’s other co-founder, William White, when we were both attending graduate school at UCLA. I was working at Deltek at the time, and had a background in the business and user experience side of software applications, while William came from a technical and systems development background at IBM. William and I worked on […]
2018 Recap: Top 3 Highlights at Tensoft
In case you missed this last year, here are the highlights that I’d put on my “Top 3” list here at Tensoft in 2018: Momentum 2.0: Tensoft’s New User Conference In October last year, Tensoft hosted its first online user conference, Momentum 2.0 for Tensoft customers. The robust agenda covered interesting topics on Tensoft SemiOps […]
ASC 606: Types of Contract Modifications and How to Account for Them
Below is a partial transcript from our latest webcast, “ASC 606: Understanding Contract Modifications and Variable Consideration,”. It covers the types of contract modifications in ASC 606 and how you can account for them. If you would like to view the full recording, click here. “Judgement is required on how you account for modifications. While […]
Join Us for ‘ASC 606: Understanding Contract Modifications and Variable Consideration’ Webcast
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 […]