To ensure that attendees who wish to can receive CPE credit, Tensoft runs polling questions throughout our webcasts. This is a best practice for webcast providers, in addition to being a CPE certification requirement for membership in the National Registry of CPE Sponsors.  But, the results of these surveys can be pretty interesting to us as well, sometimes in unexpected ways.

A case in point is the data that we received to the polling questions during Tensoft’s 10/15/13 webcast entitled “Revenue Recognition Accounting for Cloud Computing (SaaS).”  Over 100 attendees responded – not an insignificant number.  The responses  are shared below.

The table above shows that very few attendees currently offer 100% of their solutions as SaaS (Software-as-a-Service). Most of the attendees answered that under a 25% of their offerings are currently SaaS.  However, nearly a quarter of respondents have at least half of their offerings as SaaS now. Clearly, most of our attendees are still offering some of their solutions as on-premise software products.

In the table above, the responses are distributed pretty evenly. However, the fact that nearly a quarter of the attendees recently started offering SaaS solutions is a good sign that this trend is not slowing down.

Despite the fact that most of our webcast attendees offer SaaS solutions themselves, the table above shows that almost half of the respondents maintain their accounting system on in-house servers.  Less than 15% of the respondents – most of whom have SaaS offerings themselves - are currently running a Cloud accounting system!

Finally, the table above shows that the overwhelming majority of our attendants joined the webcast to gain more insight about revenue recognition accounting for their SaaS company. Regardless of their reason for attending, we are glad that they joined our webcast, and appreciate their participation in the polling questions!

For more information about Tensoft's products and services – including Tensoft’s solution for complex revenue, billing and contract management, please contact us.

By Caprice Murray, Tensoft, Northern California Microsoft Dynamics GP Partner