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What is Tensoft Revenue Lens?

If your organization is struggling with revenue recognition issues, you have found the perfect solution! Tensoft Revenue Lens® is designed to tackle the problems of inconsistent spreadsheets, lengthy audits, revenue loss, and compliance challenges. When OrthoFi, which provides technology solutions for orthodontic practices, needed a dependable partner to address their complex revenue recognition needs, they turned to Tensoft Revenue Lens. Watch the case-study video above to learn how Tensoft Revenue Lens met their changing demands and turned what were once difficult audits into smooth processes. This innovative solution implements the new 'five-step model' according to the ASC 606 and IFRS 15 revenue recognition standards, guaranteeing both compliance and efficiency in handling revenue processes. Moreover, Tensoft Revenue Lens empowers businesses to concentrate on their fundamental operations while improving financial precision, thereby enhancing overall productivity. By adopting this solution, organizations can expect to see significant improvements in their financial management practices.

What is Stripe Billing?

Stripe Billing provides a streamlined approach for businesses to effectively handle customer subscriptions and invoices. This platform not only helps in maximizing revenue opportunities but also supports innovative products and business models while facilitating recurring payments on a global level. Users can quickly start processing both one-time and subscription payments through multiple methods, including credit cards and ACH transfers. You can test and make adjustments using our API or directly from the Dashboard, which ensures flexibility in managing your billing strategies. The system enables various billing configurations that cater to different pricing models, from charges based on the number of seats to metered billing, all readily accessible. Its built-in features support coupons, free trials, prorations, add-ons, and overages, significantly enhancing billing capabilities for businesses. To help reduce customer churn, Stripe Billing integrates intelligent retries, automated alerts for failed payments, and an automatic card updater, which led to a notable recovery of 38% of failed payments for businesses utilizing the service in 2021. Additionally, it includes automated reporting and revenue recognition tools that allow businesses to keep track of growth, churn rates, and overall financial health. The platform also seamlessly integrates billing and payment data with existing workflows, thereby providing a smooth operational experience. With all these combined features, Stripe Billing emerges as a robust and comprehensive solution for businesses aiming to simplify and optimize their billing processes while keeping a close eye on their financial metrics. As a result, companies can focus more on growth and customer engagement rather than the complexities of billing management.

Media

Media

Integrations Supported

Integrations Supported

Adaptive ERP
Appointedd
BETA Climbing
ClientFol.io
Dataddo
Docusign
Emburse Expense Professional
Hive99
HubSpot Marketing Hub
Kinnovis
Nimble
Petal
ShippingEasy
SimplePractice
Spree Commerce
Squarespace
Stripe Tax
Tableo
Woorise
Xero

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
Android
iPhone
iPad

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

24 Hour Support
Web-Based Support

Training Options

Webinars
Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

Tensoft

Date Founded

1996

Company Location

United States

Company Website

www.tensoft.com

Company Facts

Organization Name

Stripe

Date Founded

2009

Company Location

United States

Company Website

stripe.com/us/billing

Categories and Features

Financial Management

Financial Reporting
Revenue Recognition

Revenue Recognition

Not specified

Categories and Features

B2B Payment

Not specified

Billing and Invoicing

Billing Portal
Contact Database
Contingency Billing
Customizable Invoices
Dunning Management
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Recurring/Subscription Billing

Recurring Billing

Discount Management
Dunning Management
Multi-Currency
Multi-Period Recurring Billing
Payment Processing
Recurring Donations
Subscription Billing

Revenue Recognition

Not specified

SaaS Billing

Not specified

Subscription Management

Cancellation Management
Dunning Management
Recurring Billing

Usage-Based Billing

Not specified

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