Revenue Cycle Management (RCM) Products
Revenue Cycle Management is the business process that starts with the sale, includes billing and customer financial management and continues through revenue recognition itself. This process includes quote-to-cash and customer transaction management.
For many technology companies, the revenue cycle is complicated by revenue recognition rules, order management, complex recurring billing, contract renewals, regulatory compliance and more. Software companies are especially impacted by these issues, as is any high tech company that offers software components as part of its product or products.
Which version of Tensoft RCM is right for you? At Tensoft, we have found that providing the right fit for your business model is critical in order to achieve real productivity improvements for our customers. That's why it's important to select the correct version of RCM for your company's needs: RCM, RDM or RDM/D.
The Tensoft Revenue Cycle Management (RCM) family of products brings together the specific revenue recognition, recurring billing and contract management functionality that today's technology companies need. This suite of modules completely automate the complex revenue recognition and management cycle, and replace spreadsheets and double-entry processes with a fully integrated and auditable revenue management solution.
To see if your company might benefit from Tensoft RCM, here are a few questions to consider:
Improve the efficiency and accuracy of complex revenue management with Tensoft RCM products such as Recurring Billing Software, Revenue Recognition Software and more. Whether your critical business needs are simply for revenue management, or for a longer list of revenue cycle management needs, Tensoft RCM products will help you achieve competitive advantage through improved performance and compliance.