SAN JOSE, CA – August 24, 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 McGladrey, one of the nation’s leading providers of assurance, tax and consulting services. The agreement was facilitated through Microsoft’s Partner Channel Builder Program. As a result of the partnership, RSM McGladrey will promote and deliver the Tensoft Revenue Cycle Management (RCM) Suite to its customers and prospective customers, with a focus on technology businesses.
The partnership is designed to address the needs of technology companies, where regulatory compliance issues present a significant challenge, and complex revenue, billing and contract management needs are ubiquitous. Software publishers, SaaS and hosting providers, game publishers selling through retailers, on-line content subscription providers, and OEMs with embedded software are just a few of the companies that fit this description. The Tensoft Revenue Cycle Management (RCM) Suite brings together the specific revenue, billing and contract management functionality that software and other technology companies require, and McGladrey brings both the strength of their Technology Services practice and the depth of their assurance, tax and consulting services expertise.
“At McGladrey, we understand that technology companies face some of the most stringent regulatory requirements of any industry today, and often grow – and change – so quickly that it can be challenging to set up adequate business processes to address these,” said Stan Mork, managing director – technology services for RSM McGladrey. “By partnering with Tensoft, RSM McGladrey can deliver a scalable solution which meets the specific revenue, billing and contract management needs of these businesses, and can then provide the value-added consulting services that will provide significant strategic advantage.”
“We’re pleased to partner with Tensoft because it leverages our skills in compliance, international operations, and IT management,” said Steve Ems, managing director – technology services for RSM McGladrey. “We look forward to a successful working relationship.”
“McGladrey is an ideal Tensoft partner – a company with both a strong vertical market focus and with additional consulting services that provide highly strategic value to the technology sector,” said Tensoft President and CEO Bob Scarborough. “McGladrey’s extensive experience providing tax advice and consulting services to businesses will ensure that their Tensoft RCM customers will be well-positioned to meet both the business process and regulatory compliance changes that inevitably occur in the technology sector.”
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 McGladrey Technology Services
RSM McGladrey is a Gold Certified Partner of Microsoft Dynamics™ GP Business Solutions. We have been implementing these systems for more than 30 years across the United States for more than 2,000 clients.
McGladrey understands how people, processes and technology interact to ensure organizational effectiveness. By combining technical expertise and business savvy with a full scope of IT services, we can assess complex situations, and devise and implement effective solutions quickly and cost effectively. For more information, join the McGladrey Technology Services Facebook fan page and/or follow @McGladreyTech on Twitter.
About McGladrey
McGladrey is the brand under which RSM McGladrey, Inc., and McGladrey & Pullen, LLP, serve clients’ business needs. Together, they rank as the fifth largest U.S. provider of assurance, tax and consulting services, with 7,000 professionals and associates in nearly 90 offices. The two firms operate as separate legal entities in an alternative practice structure. McGladrey & Pullen is a licensed CPA firm that provides assurance services. RSM McGladrey is a leading professional services firm providing tax and consulting services. Both firms are members of RSM International, the sixth largest global network of independent accounting, tax and consulting firms. For more information, visit the McGladrey website at www.mcgladrey.com, join our Facebook fan page at McGladrey News and/or follow us on Twitter @McGladrey.
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.