SAN JOSE, CA – June 18, 2010 — Tensoft, a leading end-to-end ERP and supply chain solution provider for the semiconductor, software and high tech industries, announced today a strategic partnership with BroadPoint Technologies, a Washington, D.C.-based business consulting firm that helps organizations manage their financial operations and business processes. Under terms of the agreement, BroadPoint will promote and deliver the Tensoft Revenue Cycle Management (RCM) Suite to its customers and prospective customers. The agreement was facilitated through Microsoft’s Partner Channel Builder Program, which is designed to foster successful business relationships among Microsoft Partners.
For many technology companies, day-to-day business processes are complicated by revenue and deferral management rules, complex billing and contract management, and regulatory compliance challenges. Software companies are especially impacted by these issues, as is any high tech company that offers software components as part of its product or products. The Tensoft Revenue Cycle Management (RCM) Suite brings together the specific revenue, billing and contract management functionality that software and other technology companies need.
“Our charter is to help our customers surmount industry challenges and improve their bottom line with bright ideas for better performance,” said Lee Raesly, BroadPoint CEO. “Tensoft RCM is truly one of those ‘bright ideas.’ BroadPoint has helped hundreds of organizations improve their accounting processes and Tensoft’s solution will help us address the increasing complexity of revenue recognition for our clients.”
“This partnership is an excellent fit for Tensoft,” said Tensoft President and CEO Bob Scarborough. “The demand for revenue recognition software is growing logarithmically, and we needed strong partners to represent Tensoft RCM. With BroadPoint’s proven record of success serving the software and technology industry, they already understand the issues that their customers and prospective customers face.”
About the Tensoft RCM Suite
The Tensoft Revenue Cycle Management (RCM) Suite combines with the core financial and reporting capabilities of Microsoft Dynamics to provide one central location – and one integrated system – to automate a company’s lifecycle business processes such as billing and contract renewals as well as revenue recognition and management. Using fully auditable and traceable processes, it is a strong fit for companies that utilize complex revenue models that include enterprise licenses, royalty or OEM contracts, complex billing driven by usage and sophisticated pricing terms, large account business management or high-level models.
About BroadPoint
BroadPoint Technologies is a business consulting firm that helps organizations manage their financial operations and business processes for greater success. BroadPoint aids companies in solving complex business challenges with smart technology solutions based on quality thinking, extensive business expertise and innovative problem-solving. BroadPoint partners with Microsoft, Oracle and ASI to deliver standard and custom technology solutions and integrations that enhance business performance. Headquartered in the Washington, D.C. metro area with three regional offices, BroadPoint serves 400+ clients in 31 states and 6 countries. For more information, contact us at www.broadpoint.net.
About Tensoft
Tensoft, Inc. specializes in innovative, end-to-end business management solutions for the semiconductor, high tech and software industries. These focused technology industry solutions have been created by converting broad, horizontal ERP functionality to the specialized needs of the technology industry. Founded in 1996, Tensoft delivers results tailored specifically to each customer’s needs. The company sells its products directly to customers and partners with established firms in the U.S., Canada, and Europe to re-sell and provide local support for its products. For more information, go to www.tensoft.com or call (888) 450-4030 x406.