We Know Your Challenges
- Revenue Accuracy
- Managing Performance Obligations
- Error-prone Spreadsheets
- Revenue Visibility
- Audit Risks and Fees
- Revenue Leakage
- Forecasting Cashflows
- Managing Complex Sales Transactions
- Finding Trusted Solution Provider
- Implementation Time
- System Usability
- Ability to Scale
Complex financial issues with revenue recognition make it difficult for subscription companies to adapt generic financial software to their needs. If you’re like many such companies, you’ve had to resort to using spreadsheets, since adequate solutions are expensive & may require you to convert your entire financial system.
Tensoft Revenue Lens is cost effective and straightforward to implement. Watch the video on the right and learn how easy it is to onboard documents into Revenue Lens.
How Tensoft Revenue Lens Can Help
Easy to Scale
Supports your company’s growth. Tensoft provides a scalable, structured and rules-based system to support your revenue recognition processes.
Maximize Valuation
Gain easy access to an accurate valuation. For their M&A exit, one customer used Tensoft’s software industry solution to substantiate their deferred revenue schedule and forecast, increasing company valuation appraisal by millions.
Reduce Audit Risks and Fees
Lower your expenses and ensure compliance with GAAP/IFRS, ASC 606 and the latest revenue recognition standards. One large Tensoft tech customer reports that they achieved a revenue accounting-related audit fee reduction of 20%.
Streamline Month-end Close
Improve the velocity, efficiency and accuracy of your data management. Tensoft clients report reductions in their month-end close process, from weeks to days.
Validate Your Revenue Cycle Sooner
Increase visibility. One software company moved their recognition periods from an annual to a monthly process. Forecast cash and revenue, without depending on spreadsheets.
Gain Trust in the Process
Credibility with investors and executives is key. One CFO reported that Tensoft’s solution significantly improved her peace of mind/morale relative to “trusting the data” and preparation for her company’s annual audit.
Improve Customer Satisfaction
Look good to your customers! One CEO stated that his company streamlined billing cycles and processes by using Tensoft solutions, which in turn improved their customers’ satisfaction experience.
Maximize Revenue and Cash Sooner
Avoid revenue leakage. One Tensoft customer reduced revenue leakage by just 5%, which added $2.5M in revenue.