If your company is having some revenue recognition issues, you’re in the right place! Whether you are struggling with error-prone spreadsheets, painful audits, revenue leakage or compliance issues, Tensoft Revenue Lens can help you!
This affordable SaaS stand-alone revenue recognition solution helps manage the most complex revenue transactions, deliver real time visibility, increase accuracy, and shorter close cycles making the revenue recognition process easy. And, it helps meet ASC 606 and IFRS 15 requirements, and runs with any accounting or ERP system.
The availability of 3 functionality-specific modules under the Revenue Lens family – Revenue Management module, Contract Billing Management module and Advanced Compliance Management module, makes it easy for you to choose a solution depending on your needs.
Watch the case study video and see eSentire’s Senior Director of Finance, Aleksandra Baran, and Accounts Receivable Specialist, Sandra Stagg, explain their revenue recognition, billing and contract management processes.
eSentire, a leading managed detection and response service provider based in Ontario, Canada, needed a revenue recognition process that would allow them to track deferred revenue and provide all of the detail required by their auditors. Tensoft Revenue Lens solution has met eSentire’s needs and solved some of their most pressing financial management issues.
Capabilities of Tensoft Revenue Lens
We know revenue recognition can be challenging! Here are few resources that can help you understand the Tensoft revenue recognition solution and its benefits.
Get a quick overview of Tensoft Revenue Lens in this short video and learn how this best-of-breed stand-alone SaaS application can benefit you!
Read this fact sheet to learn more about the features in Tensoft Revenue Lens and the benefits associated with it.
Understand the contract billing management module in Tensoft Revenue Lens in this short video and learn how it can automate your manual contract billing processes.
Understand how Tensoft Revenue Lens applies the new ‘five-step model’ for ASC 606 and IFRS 15 revenue recognition standard.
This white paper discusses important revenue regulatory compliance considerations when implementing a business software solution.
Our Customers Say
“It is very important that revenue recognition is done properly. So, my first thought – when I joined eSentire and reviewed their then current processes – was to recommend moving back to Excel so that I could have better control. That’s because – before we added Tensoft Revenue Lens – I could not trust the system that was previously in place. So Tensoft definitely eliminated all of that extra work and doubt. Before, we didn’t have visibility into what will be happening into the future with all of our deferred revenue balances. Now we do, so we can actually forecast better.”
– By Aleksandra Baran, Senior Director of Finance
For more customer success stories, click here.