Tensoft Revenue Recognition Automates Your Complex Revenue Recognition Processes
When your revenue is not equal to your billing, complexity is introduced. Tensoft Revenue Lens manages your deferred revenue. The system workbench captures your sales from any source, and systematically formats your deferred revenue agreements and your revenue recognition process.
Take a look at the video on the right and the information on this page to see how Tensoft Revenue Lens solves some of your most difficult revenue recognition challenges.
With Tensoft revenue recognition solution you can:
Implementing ASC 606 or IFRS 15 Revenue Recognition Standards
Tensoft has recorded webcasts on revenue recognition for its customers. These webcasts are insightful and help to understand the general principles of revenue recognition, different methods involved and the regulatory issues associated with it. They provide tips on implementation of the new standard (ASC 606 and IFRS 15) and actionable strategies that could be applied at your company.
The video above is part of such revenue recognition series, presented by revenue recognition expert Jeffrey Werner and covers the changes to SaaS and Subscription based revenue recognition models for technology companies. While the discussion is focused on ASC 606, it has an universal appeal as it is a unified standard (with IFRS 15).
Tensoft’s Revenue Recognition and Contract Management Solution Helps eSentire Scale
eSentire, is a leading managed detection and response service provider based in Ontario, Canada. They needed a scalable and reliable revenue recognition solution to meet their financial management needs. Tensoft Revenue Lens provided them the flexibility and functionality they required to manage the revenue recognition, billing and contract management processes.
To learn more, watch the case study video on the right.