Tensoft(R) Announces Revenue and Deferral Management for Microsoft Dynamics GP
New Product Improves the Efficiency and Accuracy of Complex Revenue Models
| Source: Tensoft, Inc.
SAN JOSE, CA -- (MARKET WIRE) -- February 13, 2007 -- Tensoft, a leading Microsoft Gold Certified
developer for Microsoft Dynamics GP™ technology customers, added a new
product to its solution arsenal today with the announcement of Tensoft
Revenue and Deferral Management (RDM). The new product targets technology
and manufacturing firms, which often have unique challenges that complicate
and impact recognition of company revenue. Designed to implement "out of
the box" in less than a week, RDM streamlines business processes and
provides efficient time-to-revenue recognition, using fully auditable and
traceable processes.
RDM helps companies improve the efficiency and accuracy of complex revenue
models, completely eliminating error-prone spreadsheets and manual
processes. After implementing RDM, software companies will immediately see
the benefits of revenue contract management, managed carve-outs and SOP
compliance, and recurring billings. Semiconductor companies will benefit
from distributor revenue management and support for ship-and-debit
contracts. For technology manufacturing firms, RDM supports FOB revenue
recognition delays and application of SOP standards to revenue. Still other
companies can benefit from planning or phased timing of revenue
recognition, as well as support for sales-related expenses, such as
royalties, marketing credits and margin costs.
RDM integrates with and extends Microsoft Dynamics GP to accommodate a host
of complex and changing revenue models: 1) The licensing model for software
companies and similar organizations; 2) the distributor model for consumer
products and component manufacturers; 3) the OEM/Royalty model for
companies that sell intellectual property through licensing agreements; 4)
the acceptance model for businesses where revenue is postponed, awaiting
customer acceptance; and, 5) the subscription model for businesses that
grant licenses, usually on an annual basis.
Customer and RDM project lead Stephen Lien, Director of Finance and U.S.
Operations for ArcSoft chose Tensoft RDM after an extensive review of the
available options. "As a software manufacturer, ArcSoft has very specific
business management system needs, especially in the areas of revenue
recognition and contracts management. Tensoft understands our needs in
these areas, and was able to show us how Microsoft Dynamics GP and Tensoft
Revenue and Deferral Management can help streamline our business processes,
and easily align with best practices for our industry. With Tensoft, we
will have much more visibility and better reporting than from our current
legacy financial system, for a significantly lower Total Cost of
Ownership."
"Business today often mandates hugely complex revenue models. Whether
driven by business needs, industry practices or compliance mandates,
revenue recognition is a challenge for companies large and small," said
Caprice Murray, Director of Sales and Marketing of Tensoft. "RDM
streamlines the revenue recognition process, addresses a host of revenue
models, and facilitates revenue deferral and reporting for easy accounting
close and auditability. Fully integrated with Microsoft Dynamics GP, RDM
promises greater clarity, simplicity and accuracy for thousands of
companies that currently manage revenue recognition manually."
RDM is available immediately directly from Tensoft, or through other
Microsoft Dynamics GP partners. The company will be demonstrating RDM,
March 11-14 at Convergence 2007 in San Diego, CA, the premier annual event
for Microsoft Dynamics customers and VARs. Contact Tensoft for pricing and
additional information.
About Tensoft
Tensoft, a Microsoft Gold Certified Partner provides innovative software
products and services to high tech customers in the Silicon Valley area and
elsewhere. Founded in 1996, Tensoft delivers results tailored specifically
to each customer's needs. Tensoft 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.