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 […]
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 […]
4 Principles of Revenue Recognition
As you probably know, revenue recognition can be a challenging process. With all of the changes that will be brought by ASC 606, it’s more important than ever to have a good grasp of the basics. To master those, there’s no better place to start than understanding the four principles of revenue recognition. Tensoft’s most […]
Tensoft RCM: New Feature Highlights
Tensoft recently released Feature Pack 3 for its revenue, billing and contract management solution, Tensoft RCM 2015. This release provides a number of new features requested by Tensoft customers, and is available both to new and existing Tensoft RCM customers now. In this blog post, I’ll describe a few of the new features that should […]
SMB With “Big Data” Challenges? You’re Not Alone
If you’re an SMB (Small and Medium sized Business) with “big data” challenges, you’re probably like many of Tensoft’s customers – trying to find key and actionable information in a sea of data. You have sales information, customer information, inventory information, revenue information, details about customer contracts and future billings. But wait a minute, you’re […]
Tensoft Revenue Lens in 2 Minutes
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 […]