Tensoft Revenue Cycle Review - why 2.8 stars?

Shlomi Lavi / updated: Feb 18, 2022

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What is Tensoft Revenue Cycle?

Revenue Cycle management is designed by Tensoft to manage the complex revenue cycle for technology companies of all sizes. The product can handle revenue recognition & deferral management requirements, billing & contract management, as well as distributor Point of Sale (POS) data.

Tensoft was founded in 1996 with the goal of building applications using industry best practices and which require minimum customization, yet offers customers a seamless ready to use end-to-end solution for their needs. Its focus has been on technology based companies who require specialized functionality to address their financial management needs.

Who is it best for?

The product is best suited for companies in the semiconductor and software sectors. The software can be utilized in a variety of settings from a technology startup, to mid-size hardware reseller & OEM, to a fully fledged software products and services company, as well as chip manufacturer. Revenue Cycle Management helps such companies with complex revenue recognition & billing requirements, together with contract renewals, distributor sales and compliance with government & accounting regulations to mention a few.

The product is also integrated with Microsoft Dynamics to give customers the option to access to a full ERP suite within their operations. Current customers include eCopy, Ramtron International, Syndiant, Amalfi Semiconductor and Open Silicon.

Main features and functionalities

The revenue cycle covers the process from sales, to billing & financial management and finally revenue recognition. This product offers a number of features that can ease the financial management of the revenue cycle for finance departments.

There are simplified billing processes and support for multiple revenue models. You can easily manage and review audits of your revenue management process, as well as ensure accurate revenue recognition and billing. Detailed trend analysis of distributor data and rule based templates for deferred revenue is also available. POS data can be easily uploaded from manufacturers and distributors.

Finally there is detailed historical reporting available to monitor financial performance.

What is the actual cost?

ITQlick pricing score is 4.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for Tensoft Revenue Cycle.

Pros

• Revenue Cycle Management offers improved financial planning by controlling costs related to tracking and managing revenue
• The software has detailed revenue and financial metrics available for analysis
• There is less revenue leakage with increased financial reporting accuracy
• It offers a cloud based solution which offers universal access, but ensures high availability through SLAs
• There is a certified integration with Microsoft Dynamics, Tensoft’s preferred partner

Cons

• The product is not cross industry as it is only focused on revenue management for the technology sector
• Revenue Cycle Management is focused on Microsoft Dynamics and does not offer a clear integration paths for other ERPs
• Lack of effective competition in this sector means Tensoft’s pricing will not be as competitive
• Business intelligence reporting and dashboards are not available in the tool, as Revenue Cycle Management relies on Microsoft Dynamics to provide this feature
• The product is not out of the box and requires implementation services to be included.

How it stacks up?

Access a head to head analysis of Tensoft Revenue Cycle vs alternative software solutions.

Frequently Asked Questions (FAQs)