by Caprice Murray
2/14/2012 7:23:00 AM
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Many technology companies today increasingly face complex revenue, contract and/or billing management issues with their current business management systems. This issue isn't limited to public companies. Most privately held technology firms are also affected.
Sound familiar? Join us for an informational webcast to address the following key questions for technology companies:
**** Productivity: Duplicate data entry can introduce errors and sap company resources. How can you find the right systems and processes to help your company speed revenue workflows?
**** Streamlining Revenue: Auditable and traceable systems enabling consistent revenue recognition. How important is improving the quality and velocity of your revenue while lowering audit costs?
**** Regulatory Compliance: Revenue and audit regulation complexity adds cost and risk to your organization. How can you consistently support these needs while lowering your risk and cost?
**** Visibility: Many Financial Executives would like greater insight into revenue data and processes. What could you do with increased visibility into your data?
Join us on Wednesday, February 15th at 11:00 a.m. Pacific Time to explore these questions and see first-hand how Tensoft’s Revenue Cycle Management (RCM) software can help.
Space is limited.
Reserve your Webinar seat now at:
https://www3.gotomeeting.com/register/686914606
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by Bob Scarborough
2/6/2012 3:20:00 PM
When software companies are interested in Tensoft's Revenue Cycle Management (RCM) product, we first try to determine a fit for their requirements, so that no one's time is wasted. Even if they have not yet created a requirements document, we find that a lot can come out of considering these three variables:
1) Billing. How does your company go to market (eCommerce, enterprise agreement, channel model, etc.)? You'll want to look for a billing system or a billing support system that matches your go-to-market model.
2) Revenue Recognition. The rules for software industry revenue recognition are complex and changing. For the basics, you'll need a sub-ledger for deferred and recognized revenue analysis and appropriate methods and models to support your revenue recognition models.
3) Revenue Compliance. Could be part of the above, but is often a sub-set of that, and one that not every company needs. There is no easy way to describe this, but if you have a sales process with multiple related elements in it (like software plus maintenance), and there are different recognition periods for the elements, you are most likely subject to more complex accounting guidelines.
Tensoft Revenue Cycle Management (RCM) supports billing requirements as well as complex software revenue recognition and contract management.
