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Insights and Revelations about ERP Software Customers, Vendors, and the Industry.
by Bob Scarborough
4/10/2014 11:07:08 AM
Accounting and finance departments have a relatively clear-cut, if not easy, mandate around revenue recognition: adhere to the current guidance from the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).  This requires keeping up with the current guidance and making sure that it’s applied as needed.  There are defined criteria that must be met in order to recognize revenue.  There’s also guidance for multiple element arrangements.  The tricky part, of course, is applying the guidance appropriately. 
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Tags: revenue recognition, revenue recognition rules, software revenue recognition
by William White
3/28/2014 6:07:06 AM
If you’re an SMB (Small and Medium sized Business) with “big data” challenges, you’re probably like many of Tensoft’s customers - trying to find key and actionable information in a sea of data.  You have sales information, customer information, inventory information, revenue information, details about customer contracts and future billings.  But wait a minute, you’re just an SMB, so no problem.  You can just "look at the data”, print a few reports, and you’ll have a better understanding of your business, right?  If only it were that easy…
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by Dan Berube
3/25/2014 2:36:13 PM
I’ve been lucky enough (or unlucky enough, depending on your perspective), to be on both sides of the ERP equation.  That is, I’ve worked as a consultant implementing ERP systems and for businesses implementing ERP systems.  Now, while this might be obvious to some, I know from experience that companies don’t always really consider the importance of an ERP Partner’s experience working with other companies in their particular industry.  Some companies may choose their ERP implementation vendors based on their size, or the number of overall implementations that they’ve done, but far fewer ask this critical question: “How many implementations have you done for companies in my industry?”
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by Michael Chadwick
3/20/2014 4:51:29 PM
Every year at Convergence – the annual Microsoft Dynamics User Conference –you can expect a mind-numbing number of announcements, both from Microsoft and their Partners. This year was no different in that respect, and there have been plenty of press releases, articles and blogs to cover these, including Tensoft announcing its own customer’s recognition by Microsoft as a Finalist for an ERP Excellence Award.   But what new developments actually have the biggest potential to help Tensoft’s customers?
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by Editor of the Tensoft Tech Company Observer
3/17/2014 11:51:11 AM
The following is a transcript of the first few minutes from a webcast entitled "What You Need to Know About Conflict Materials in Semiconductors." Our guest presenter was Ron Jones, CEO of N-Able Group International, and an expert on the outsourced manufacturing business model with over four decades of experience.

Click here to view the event page, and download the entire slide deck.
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Tags: conflict minerals, Dodd-Frank, FSM
by Jeffrey Werner
3/11/2014 10:44:53 PM
Last November, Jeffrey Werner gave a two-part training course on revenue recognition that covered a wide range of topics including VSOE, multi-element arrangements, EITF 08-1, EITF 09-3, SaaS, FASB/IASB, and other revenue recognition issues.  These were some of the questions posed during that webcast, along with Mr. Werner's responses.
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Tags: Question & Response, revenue recognition
by Caprice Murray
3/7/2014 1:16:47 PM
The annual Microsoft Dynamics user conference, Convergence, is over now and Tensoft attendees are catching up on their "real" work.  I'm looking forward to hearing everyone's experience there - and I expect that we may see some blogs about that some time in the near future as well.... 
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by Dan Berube
2/19/2014 9:05:50 AM
On February 13th I attended the Proformative 2014 conference in Las Vegas, a gathering of finance professionals and subject matter experts discussing issues of the day and collaborating and sharing ideas on how to tackle them.  For those of you not familiar with Proformative, it is an online resource for senior finance, accounting and related professionals...
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Tags: accounting, billing, cloud computing, cloud ERP, ERP solution, ROI
by
2/14/2014 9:41:02 AM
The following is a transcript of the first few minutes from Tensoft's February 6th webcast "The Planning Rhythym: Managing Supply Chain Risk."  Our guest presenter was Charlotte Diener, an expert on global supply chain operations and one of the founding employees at ON Semiconductor. 

Click here to view the recorded webcast or to download the slides.
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Tags: fabless semiconductor, semiconductor supply chain, supply chain
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by Bob Scarborough
2/5/2014 12:17:22 PM
Capterra, a software evaluation site, has published their list of the top 20 accounting systems (see infographic at the bottom of this blog).  They use dimensions pulled from actual system user counts, social media references, and the size of the vendor.  It is an interesting model since it tries to use objective measurable metrics for its evaluation rather than the more subjective approach we all take when evaluating and selecting our own accounting systems.
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