BLOG
Tech Company Observer

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

Tech Company Observer

Those of us who thought slavery was an unsavoury historical remnant would do well to think again following the enactment of the UK government's new Modern Slavery Act 2015, which has significant implications for international organisations who annual sales revenues in the UK are greater than $54M need to act now... 
 

Read More...

During one of the complimentary revenue recognition webcasts that I teach through Tensoft, an attendee asked  the following question about the guidelines for multiple-element arrangements and the criteria for stand-alone value: “If I understand this correctly, only the ‘delivered item’ needs to have stand-alone value; the ‘undelivered item’ does not need to have stand-alone value - is that correct?”  The attendee then offered the following example from their company: 

Read More....
Revenue Recognition: What Would Benjamin Franklin Say?
12/14/2015 4:16:56 PM

Michael Chadwick

The quote “An ounce of prevention is worth a pound of cure” is as prudent today as first written by American forefather Ben Franklin. As it applies to revenue recognition, the axiom is a truth we (at Tensoft) hold to be self-evident.

Read More...

An Introduction to Standard Costing in the Technology Industry
12/9/2015 1:08:18 PM

By Bob Scarborough

[The following is a partial transcription of the beginning of a recorded Tensoft FSM training webcast, which is available to anyone who’s interested – see video here.]
“While semiconductor manufacturing is a process, it also has fixed outcomes, which makes it unique.  So it’s not really process manufacturing like food, oil and gas, or paint process manufacturing.   It’s also not a continuous flow process.  It is a process though, and has defined stages of production.

Read More....

Tags:

On December 18th at 11.00 am, Tensoft will be hosting exclusive RCM training webinar open to all our valuable customers. This informative webinar will focus on “Understanding the Revenue Agreement Management Function” and will be presented by Tensoft Controller Dan Berube. To register, click on the tab below.

Read More...

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.

Read More....

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." 

Read More...

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

Read More....

Tags:

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

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.

Read More...

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.

Read More....

Tags: