SAN JOSE, CA--(Marketwired - May 4, 2015) - 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 Revenue Cycle Management (RCM) 2015. This new release focuses primarily on enhancements to Tensoft Revenue Recognition Management (RRM), which is available either with or without Tensoft Contract Billing Management (CBM). The Tensoft RCM application suite includes both Tensoft RRM and Tensoft CBM.
"This release adds significant functionality for easily onboarding sales transactions into our revenue engine," said Tensoft CEO and co-founder Bob Scarborough. "It also adds significant functionality related to deferred revenue agreement visibility and analysis. We focused on supporting customer complexity in the onboarding process, reporting and analytics around the managed deferred revenue, and enhanced compliance features."
The new Tensoft RCM 2015 release gives users more control and options when it comes to recognizing revenue, both in the form of interface updates and performance improvements. A few other specific enhancements to this release include:
- Enhanced reporting options from within the revenue agreement, enabling a 360 degree view of fair value allocation, revenue history, the original sales transaction, and forecast data related to the revenue agreement.
- Configurable Item Codes based on user defined revenue attributes.
- Enhanced support for the fair value range test model Enhanced sales transaction onboarding capabilities to support sophisticated transformation and formatting
To learn more, contact Tensoft directly at marketing@tensoft.com or call (888) 450-4030 x406. Existing Tensoft RCM customers can Register here for a free training webcast, "New Compliance Features in RRM 2015" scheduled for May 20, 2015 at 11 AM Pacific Time, or contact customercare@tensoft.com for a complete list of enhancements.
About Tensoft
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 19 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.