I wanted to alert the Tensoft blog community that we’re now installing the Advanced Revenue Compliance Module for our Tensoft RCM Suite for customers who are currently running RCM, RDM or RDM-D. This is timely news, because this new module is designed to automate and streamline compliance with new FASB and AICPA rules that went into effect this month (January 2011).

If your company falls under the U.S. Financial Accounting Standards Board (FASB) rules for multi-element sales, known as EITF 08-01 and EITF 09-03, or statutes such as AICPA SOP 97-2 for software companies, the sooner you begin tracking the necessary data, the better. Available immediately as a cloud application or installed in-house, our new RCM Compliance Module plugs into your existing Tensoft software to flawlessly track all necessary data.

Now, of course, new customers are also welcome to add both the Tensoft RCM suite and the Compliance Module from scratch. If you have friends whose businesses fall under these new rules but are still tracking revenue longhand with spreadsheets, be sure to pass this information along to them. Sometimes it takes “one more onerous new regulation” to spur a company into finally automating their revenue compliance process. We’ve seen it time and time again.

Take a look at our recent press release for more details, and contact me at (888) 450-4030 x406 or via email for more information – or to jump-start the process of adding the RCM Compliance Module to your system. 

Happy New Year!