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Tech Company Observer

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

Tech Company Observer

Jeffrey Werner
Revenue Recognition Two Day Webinar Topics
4/24/2015 10:00:00 AM

By Jeffrey Werner

Revenue Recognition expert, Jeffrey Werner, provides Tensoft customers a sneak peek at the topics being discussed at the upcoming Tensoft online course: Revenue Recognition for Technology Companies. This two days course will take place May 13 & May 15 9:30 AM to 12:30 PM. One of the topics being covered is the new revenue recognition standard. Watch the video or read the transcript below to learn more about how the new standard will be discussed during this online course.

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Jeffrey Werner
Revenue Recognition for Technology Companies Webcast Preview
4/23/2015 11:22:46 AM

By Jeffrey Werner

Tensoft is offering a new two day online course titled: Revenue Recognition for Technology Companies. This course will be led by revenue recognition expert Jeffrey Werner May 13 & May 15 9:30 AM to 12:30 PM. He will cover multiple topics during these two days and those who attend will be eligible for CPE credits. To get a glimpse at some of the topics being discussed watch the video below or read the transcript.

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Dan Berube

I’m sure many people breathed a sigh of relief last month when the FASB agreed to postpone the effective date of ASC 606 by one year for both public and private companies. It was becoming increasing clear that that the scope of the change was going to require more time for companies to implement, both big and small, public and private.

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Bob Scarborough
Does the FASB’s Delay on ASC 606 Spell Relief?
4/10/2015 2:05:43 PM

By Bob Scarborough

As I am sure many of you are well aware, FASB recently proposed a one year deferral for the new revenue recognition standard, ASC 606. Even though these changes are now a little further away and many companies seem to breathing a sigh of relief, it would be a mistake to procrastinate.
The results of a recent BDO survey found that there are two major challenges being cited by board members of US public companies when it comes to implementing ASC 606 by the deadline:

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William White
Tensoft's Philosophy on Customer Support
3/31/2015 8:35:28 AM

By William White

Here at Tensoft we believe it is important to put the customer first. This is especially true when it comes to customer support. In the video below William White, CTO and co-founder of Tensoft, explains how customer support is handled at Tensoft and why the team places such a large emphasis on it. To hear about how Tensoft functions to ensure customers have a positive experience watch the video below or read the transcript.

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William White
What's It Like to Work at Tensoft?
3/31/2015 8:17:27 AM

By William White

Working at Tensoft is a very unique experience. We have a very supportive team that works together to stay up to date on new technology trends in the industry so that we can keep our customers informed. In the video below William White, CTO and Co-founder, shared some of his thoughts on what working at Tensoft means to him, along with some helpful advice for those thinking Tensoft might be a positive career choice.

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Caprice Murray
Microsoft Convergence - Who Knew It Would Be This Great?
3/19/2015 10:25:31 AM

By Caprice Murray

I know, I know - that Microsoft Convergence is a really great, worthwhile experience shouldn't be news to me.  After all, Tensoft is a Microsoft Dynamics ERP re-seller and we use a lot of their business productivity tools in-house.  But I've been on the Worldwide Partner Conference detail for the last few years, and this was the first Convergence that I've been to since, well, I can't even really remember when - Denver?  And, I have to say that I was very, very pleasantly surprised!

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William White
Working with High Tech Companies: A Case Study
3/12/2015 8:50:02 AM

By William White

William White, CTO and Co-founder of Tensoft, recently discussed what it is like working with a high tech companies. He references a Tensoft customer who was acquired by a larger company outside the US and explains how Tensoft was able assist the companies in making a seamless transition in less than four months. To hear more about how Tensoft can help high tech companies watch the video below or read the transcription.

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Jeffrey Werner
"Revenue Recognition for Services and Contract" Webcast Recap
3/3/2015 12:30:12 PM

By Jeffrey Werner

On February 24 Jeffrey Werner, a Silicon Valley software revenue recognition expert and lecturer, presented a complimentary webcast on “Revenue Recognition for Services and Contract.” If you missed this opportunity you can watch the recording here or click here to download the slides. In the video below Jeffrey provides an overview of the information covered during the webcast. 

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Bob Scarborough

There are many scenarios where what you sell does not move directly to revenue. Revenue is deferred largely because it has not been earned yet due to some need to deliver over time or possibly events that have not yet occurred. When you need to defer revenue you need to identify the sale to the customer (the combination of invoices or orders or contracts or terms that define the sale) and assign rules to the various categories of revenue so that they will be recognized correctly in the future.

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