Tensoft Revenue Lens can help your company get rid of lack of visibility over your contract statuses, prepare your revenue reports for audit visits, and ditch the error-prone spreadsheets. With Tensoft Revenue Lens, your company can enjoy smoother processes, less errors, and better revenue reporting. For a quick overview of Tensoft Revenue Lens, we’ve created […]
ASC 606, Potential Impacts to Your Business Model: Part 3
The last in the series on the ‘Impact of ASC 606’ that a re-seller or a distributor business should be aware of with potential impacts to their business model is: “Modifications and Amendments to Contracts.” [The following is a partial transcription from the webcast, “Implementing ASC 606: Potential Changes to Distributor and Reseller Based Revenue […]
ASC 606, Potential Impacts to your Business Model: Part 2
Continuing the series on the ‘Impact of ASC 606’, here’s another area that a re-seller or a distributor business should be aware of with potential impacts to their business model: “How to Determine Estimated Transaction Price.” [The following is a partial transcription from the webcast, “Implementing ASC 606: Potential Changes to Distributor and Reseller Based […]
ASC 606, Potential Impacts to Your Business Model: Part 1
This is the first in a series of blog posts on the impact of ASC 606, the new revenue recognition standard, on your business and accounting if you’re a re-seller or a distributor business. This topic was discussed in depth in the free online webcast hosted by Tensoft on “Implementing ASC 606: Potential Changes to […]
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 […]
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 […]
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 […]