SAN JOSE, CA- January 18, 2018 – Tensoft Inc. www.tensoft.com, the first Cloud revenue recognition applications provider for omni-channel software and technology companies, today announced the release of Tensoft RCM 2018. This new release provides a number of enhancements based on customer feedback, and delivers significantly streamlined integration with a variety of business software systems, including many ERP and CRM solutions.
“This new version is the culmination of all of our efforts and new features since Tensoft RCM 2015’s initial release,” said Tensoft CEO and co-founder Bob Scarborough. “It also upgrades the technology and web services approach to set a solid foundation going forward.”
The new Tensoft RCM 2018 offers more control and options, both in the form of interface updates and performance improvements. A few other specific enhancements to this release include:
- Enhancements to the Contract Modification Upload utility, which will be developed even further in the next release.
- New web service integrations for on-boarding of revenue agreements, customers and items from any ERP, CRM, etc.
- Creation of the revenue agreement directly from the contract, with no dependence on the ERP to create the revenue agreement.
- The contract upload and update utility.
- A pricing update tool.
In addition, Tensoft plans to release a Tensoft RCM 2018 feature pack this quarter, which will include functionality that will allow users to modify revenue agreements that exist today. This is a requirement under the new IFRS 15 / ASC 606 standards – if you modify multi-element arrangement contracts, they’ll need special accounting treatment. This new feature allows customers to do that much more easily.
To learn more, contact Tensoft directly at email@example.com or call (888) 450-4030 x406. Existing Tensoft RCM customers can contact firstname.lastname@example.org for a complete list of new enhancements.
Tensoft provides business management applications to automate industry-specific lifecycle processes for the semiconductor, technology and software industries. Tensoft’s business-ready solutions extend broad, horizontal ERP functionality to complete the most vertically demanding, high-tech needs through critically relevant content, domain expertise, embedded best practices and performance analytics. For over 20 years, technology companies worldwide have relied on Tensoft software and cloud-based services to power and improve their operations. Tensoft is headquartered in Silicon Valley with sales and support offices throughout the U.S., Europe and Asia. For more information, go to www.tensoft.com or call (888) 450-4030 x406.