Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
A singular "source of truth" for the accounting interpretation of customer contract information. Monitoring Deferred Revenue at the most granular level with both roll-forward and forecasted perspectives. A user-friendly and regulated repository for Revenue Recognition guidelines articulated at the necessary detail. The standalone selling price library (SSP) acts as a dynamic and accessible resource that encompasses all SSP details at the product level, fully integrated with your pricing catalog. The automated tracking and amortization of deferred commission expenses throughout the anticipated duration of contracts is also included. It entails the identification of all performance obligations while considering variable factors as outlined by ASC 606. Accounting systems must uphold a higher standard of controls, encompassing rigorous security measures, user access permissions, built-in balance reconciliations, and preventative measures to ensure completeness and accuracy. Furthermore, it provides real-time revenue reporting across various levels, dimensions, and time frames. This allows for precise trend analysis and facilitates clear explanations of any changes that occur. Additionally, the system fosters a robust framework for compliance and audit readiness.
Description
If your organization is facing challenges with revenue recognition, you’ve come to the right destination! From dealing with unreliable spreadsheets and tedious audits to addressing revenue leakage and compliance hurdles, Tensoft Revenue Lens® is here to assist you! When OrthoFi, a technology-driven service for orthodontic practices, sought a reliable solution for their intricate revenue recognition demands, they chose Tensoft Revenue Lens as their partner. Check out the case-study video above to discover how Tensoft Revenue Lens effectively supported their evolving requirements and transformed their challenging audits into seamless experiences. Gain insight into how Tensoft Revenue Lens implements the new 'five-step model' in accordance with the ASC 606 and IFRS 15 revenue recognition standards, ensuring compliance and efficiency in the process. Additionally, this solution allows businesses to focus more on their core operations while enhancing financial accuracy.
API Access
Has API
No
API Access
Has API
No
Integrations
Chargebee
Yes
HubSpot CRM
Yes
HubSpot Customer Platform
Yes
Microsoft Excel
Yes
QuickBooks Online
Yes
Salesforce
Yes
Zoho CRM
Yes
Integrations
Chargebee
No
HubSpot CRM
No
HubSpot Customer Platform
No
Microsoft Excel
No
QuickBooks Online
No
Salesforce
No
Zoho CRM
No
Pricing Details
No price information available.
Free Trial
Yes
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Types of Training
Training Docs
No
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Chargebee
Founded
2010
Country
United States
Website
www.chargebee.com/revenue-recognition-software/
Vendor Details
Company Name
Tensoft
Founded
1996
Country
United States
Website
www.tensoft.com
Product Features
Product Features
Financial Management
Budgeting & Forecasting
No
Cash Management
No
Consolidation / Roll-Up
No
Currency Management
No
Financial Reporting
Yes
Investment Management
No
Project Management
No
Revenue Recognition
Yes
Risk Management
No
Tax Management
No