Tech Company Observer

Insights and Revelations about ERP Software Customers, Vendors, and the Industry.

Tech Company Observer

Diane Faria

We as accountants know the importance of reconciling our sub-ledger balances to our General Ledger control accounts.  We're used to doing this with Excel downloads, of course.  With Microsoft Dynamics GP 2010, Microsoft added a routine called "Reconcile to GL" to assist in troubleshooting reconciliation issues.  In GP 2010, Reconcile was available for Accounts Payable and Accounts Receivable.  With GP 2013, they also added Bank Reconciliations and Inventory.

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Karishma Malu

Tensoft & Novadek co-sponsored a revenue recognition webcast on October 22, 2015 presented by Silicon Valley Revenue Recognition Expert Jeffrey Werner. This webcast was free for everyone and the attendees received 1 CPE credit. Some of the topics covered in this webinar were software revenue recognition for multiple element arrangements and the relative selling price method. Jeffrey’s webcasts have always been highly appreciated by attendees with great feedback such as: “All of us who attended the Webinar that was presented by Jeffrey Werner yesterday thought it was very informative and helpful." 

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Dan Berube

Today’s blog features a Q&A session with Tensoft’s Director of Business Operations, Dan Berube.

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Caprice Murray
Tensoft’s 10th Annual Momentum Starts Off with a Bang
9/11/2015 8:36:34 AM

By Caprice Murray

Tensoft Fabless Semiconductor Management (FSM) customers from Asia, Europe and high tech centers around the US converged yesterday for the first day of Momentum 2015.  After the morning kick-off meeting, we heard from three Tensoft customers – both in finance and operations - who shared their experience and accumulated wisdom as Tensoft FSM users.  Then the group broke up to attend a selection of break-out sessions, including “Efficient Operations,” “Inventory and Month-end Closing,” and “Dynamics Dashboards and Analytics.”  We ended the day all together again, for an engaging group competition and learning session, an electronic version of the infamous supply chain simulation called “The Beer Game.”  We ended the day with a relaxing evening out at Pacific Catch.

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Bob Scarborough
How to Prevent Revenue Leakage
9/4/2015 12:57:17 PM

By Bob Scarborough

What is revenue leakage and why should you care about it?  Revenue leakage is simply the result of lost invoicing/billing opportunities.  This may occur either because billable time wasn't tracked and reported efficiently or because someone forgot to invoice the customer per the terms of the agreement.  
The problem with missing opportunities for billing is that you may never be able to recover the unbilled revenue.  Once the missed opportunity has been discovered, it may be too late to bill per the terms of the agreement, or the customer may be unhappy to receive an invoice for services performed long ago.  So, revenue leakage.

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Jeffrey Werner
Revenue Recognition Two Day Online Training
8/13/2015 11:01:01 AM

By Jeffrey Werner

On Tuesday, August 25 and Thursday, August 27, from 9 AM to 12:30 PM, I’ll be teaching an informative online training course on the New Revenue Recognition Standard.  Tensoft will be hosting this event, which we provide to the public for an outstanding value.   Anyone interested in this topic – or any accountants who are seeking CPE credits – should sign up now, before the deadline.

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Karishma Malu
My Internship Experience at Tensoft
8/6/2015 12:23:18 PM

By Karishma Malu

Having worked with Tensoft for last few months, I think now is the perfect time to reflect back and share my internship experience with everyone. It has been a rewarding experience and still continues to be. This opportunity has allowed me to apply my theoretical knowledge and gain valuable real-life practical experience. It has not only exposed me to various aspects of marketing but also helped me broaden my horizon.

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William White
Prioritizing Product Innovation and Customer Acquisition
7/21/2015 10:40:46 AM

By William White

Prioritizing product innovation is a central goal at Tensoft, something we review as part of our strategic goals to build our company.  Customer acquisition is also critical to our growth – and there are definitely times when the development team focus is guided to customer specific initiatives.  The bigger truth is , to ensure Tensoft’s success requires a successful integration of product innovation and the needs of customer acquisition. 

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Anne Phan
Top 10 Reasons To Attend Momentum 2015
7/16/2015 10:20:04 AM

By Anne Phan

The 10th Annual Tensoft FSM User Conference is right around the corner! Momentum 2015 is expected to be even better than last year. So we thought everyone might enjoy an infographic of the top ten reasons why you should attend Momentum. For those of you who haven’t signed up yet, we hope that these top ten reasons will cause you to add your name to the list and for those who have already signed up these reasons will just add to the excitement.

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Tags: FSM, Momentum

Caprice Murray

Revenue recognition – and the finance team that applies it - often ends up being the bane of creative sales deals, seen as cramping the sales department’s ability to maximize the amount of money that they bring in the door.  This is the natural result of the very different goals of finance and sales.  Finance is responsible for adhering to the current guidance from the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), and for how new bookings move to the profit and loss statement.  Sales, on the other hand, is focused on the sale – and any related incentives - and how much money is brought in based on the sale.

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