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Tensoft Revenue Lens for Dynamics 365 BCManage Revenue Recognition Easily with Tensoft Revenue Lens |
Product Verticals: Financial Services, Manufacturing, Software
Business Processes: Bill Of Material Mgmt, Business Process Management, Distribution, Financial Management, Inventory Management, Invoice Processing, Manufacturing, Order Management, Planning and Scheduling, SaaS, Supply Chain Management
Tensoft’s revenue management solution, , is the perfect solution to solve your revenue recognition challenges and automate your complex revenue recognition processes. Compatible with Microsoft Dynamics ERP and CRM including , GP and NAV, it meets the specific revenue recognition, recurring billing and contract management needs of your company. This proven solution from Tensoft streamlines the revenue deferral processes and improves the revenue visibility. It solves the multiple challenges in scheduling, forecasting, calculating, and accurately presents revenue on financial statements.
Tensoft Revenue Lens replaces the complex manual spreadsheets and automates the entire process making it easy, accurate and efficient. It allows consolidation of multiple sales transaction to get the fair value SKU model. By tracking changes of revenue and revenue agreements and maintaining the data trail, it systemizes the audit support. In addition, it also simplifies the revenue compliance to reallocate revenue as required by GAAP and IFRS requirements.
Some of the other features include:
- Flexible Capture Methods for Sales Transactions
- Intelligent Business Rule Application Enforcement
- Complete, Automated Revenue Sub-Ledger
- Unlimited Revenue Rule Defaults for SKU or SKU Classes
- Large Transaction Volume Capabilities
- Sophisticated Deferred Revenue Balance and Analysis
These extensive features make the lives of customers easy and they can get all the information they need in a snap!
The revenue engine in Tensoft Revenue Lens is designed to work with most of the (GTM). To learn more on how Tensoft’s Revenue Recognition Software solution supports the five-step revenue recognition model, read this . View our latest to see how Tensoft Revenue Lens has helped manage complex revenue recognition.
For more details about Tensoft Revenue Lens-
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We were hoping to get a system that would provide us with some reliable information on our deferred revenue that would provide our auditors, owners, investors and bankers, the detail that they want to see to support the numbers that we were reporting that to them. With the Tensoft Revenue Lens, we now have that detail.
Right now, we gained so much visibility to how the numbers flow through. We've gained time basically that we spend on more important things rather than keying and recalculating everything.
Implementing Tensoft has allowed us to reduce the amount of time it takes us, to present our financial information to the Board on a monthly basis and it also has reduced the amount of time spent on revenue recognition testing during our annual audit.