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 a two minute video that will help give you a basic understanding of this solution. To see that, click on the thumbnail below. Or, if you’d prefer to just read about it, the video script is included below that. Enjoy!
Video script:
“Things couldn’t get much worse for our Accountant friend. The auditors are coming and he can’t get the reports that he needs to substantiate the company’s revenue. He worries that they may not be in compliance with the current GAAP and IFRS standards. He’s cross-eyed from staring at spreadsheets, and they may have to re-state revenue again…. That’s it – he quits.
There went all of the company’s revenue recognition processes, along with our friend. No one else there really knows how he did his job. But, wasn’t there a job applicant who mentioned a revenue recognition solution that she’d used? That’s right – Tensoft Revenue Lens!
But how can Tensoft Revenue Lens turn:
• Error-prone spreadsheets,
• Endless painful audits,
• Limited visibility, and
• Volume bottlenecks
into
• Automated compliant processes,
• Problem-free audits,
• Real time insight and easy report generation, and
• Efficient and accurate results, at any volume
Tensoft Revenue Lens helps accounting teams turn problems into successful solutions. Built to handle basic to complex revenue recognition scenarios, Tensoft Revenue Lens easily handles all of your revenue recognition needs, including compliance and huge volumes of data. And, because it’s a cloud application, Tensoft Revenue Lens can be deployed quickly.
Let us show you how Tensoft Revenue Lens can:
• Replace spreadsheets with automated processes
• Substantiate your revenue ledger to auditors and investors
• Ensure compliance with ASC 606, IFRS 15 and other regulatory boards
• Provide instant insight through standard reports and analytics
• Handle changes to credits, cancellations or other revenue events
• Manage huge volumes of transactions with ease
• Support revenue recognition for usage-based, delivery-based, and amortized fees
• Integrate with your other business systems
With Tensoft Revenue Lens, you can relax and be assured that your processes are automated and compliant, so that you – and your company – can better withstand the vagaries of life. Cheers!”
If you have any questions about Tensoft Revenue Lens, or would like to discuss your specific revenue recognition needs, or schedule a product demo, please contact us any time! We would be happy to help.