Tensoft RCM 6.0: Advanced Revenue Recognition, Subscription Billing and Contract Management for Microsoft Dynamics GP

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On July 16,Tensoft announced the release of version 6.0 of Tensoft Revenue Cycle Management (RCM).   Many software and technology companies have discovered that Tensoft RCM manages their complex revenue cycles with ease, including contract renewals, recurring billing, compliance with regulatory regulations, and every permutation of revenue recognition. Industry-specific customer requests and market-driven enhancements have been incorporated into this new release, making it the most comprehensive best of breed available today.

Here are some highlights of the enhancements available now in Tensoft RCM 6.0:

  • Enhanced Billing Functionality:
    • Multiple “post-to” options
    • Ability to over-ride bill dates and back-post to contracts
    • New billing codes that allow customers to analyze revenue more thoroughly to help understand what drives their business
    • Period-of-Performance (POP) Reconciliation Utility: helps customers keep track of the changes to their Contract Invoice POP when new revenue agreements are created
    • Other key enhancements:
      • New reporting options
      • Improved security
      • Optimized revenue agreement flow: revenue can be pulled in five different ways!
      • Additional compliance capabilities
      • New streamlined revenue agreement with easy to view audit reports, as well as other revenue agreement functions like revenue agreement specific forecasts
      • Streamlined revenue agreements

Tensoft RCM is the only solution of its kind that has been Certified for Microsoft Dynamics (CfMD) GP. The CfMD designation is demonstrates that this product has met Microsoft’s highest standards for partner solutions, and has been proven to integrate seamlessly with Microsoft Dynamics GP.  In addition, the CfMD designation requires proof that companies use and recommend the product, as evidenced by confirmed customer references.  Only solutions that have met the CfMD requirements are listed on the Microsoft Dynamics Marketplace.

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 automates the complex revenue recognition and management cycle, and replaces spreadsheets and double-entry processes with a fully integrated and auditable revenue management solution. The product comes in three different configurations: RCM, RDM or RDM/D, depending upon a company’s business model. The right fit is critical to achieve maximum revenue recognition productivity improvements.

To learn more about Tensoft RCM 6.0, contact me directly at [email protected] or call (888) 450-4030 x406.  If you are already a Tensoft customer, just log in to CustomerSpace to view the release notes, view the “What’s New in RCM 6.0?” recorded webcast, or to sign up for  future training webcasts.

By Caprice Murray, Tensoft, Cloud Solutions for Microsoft Dynamics GP

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