Binary Stream expands all over the world existence by entering a licensing settlement with Microsoft for Subscription Billing Suite
Improving the membership management operation in Microsoft Dynamics 365 for Finance and Functions
VANCOUVER, BC, June 22, 2021 /CNW/ – Binary Stream Program, a international application and services company concentrating on subscription management, consolidation accounting, and lease administration, declared an arrangement with Microsoft for the distinctive licensing of Membership Billing Suite for Dynamics 365 Finance. This enables Microsoft to improve its procure-to-pay back and earnings and expense recognition functionality.
Subscription-based providers are promptly rising in unique industries, and businesses face unprecedented billing and pricing issues. With this licensing arrangement, Microsoft provides a proven option for running complex pricing and billing eventualities that permits compliance with world accounting expectations this sort of as ASC 606 and IFRS 15.
“Organizations are demanding an end-to-end integration of their complete company that makes it possible for for immediate responsiveness to customer traits and allows compliance with worldwide accounting requirements,” according to Lak Chahal, President and CEO at Binary Stream. He adds, “This licensing agreement will significantly increase and aid the membership management capabilities of Microsoft Dynamics 365 Finance and its escalating consumer foundation. It will also enable us to carry on doing work closely with the two Microsoft and the lover channel and use our abilities in the room.”
These new, sophisticated features will enable Dynamics 365 Finance fulfill the increasing have to have for sophisticated billing this sort of as utilization-based or tiered types, as effectively as lengthen the platform’s reporting abilities for providers with recurring earnings.
“The mix of Membership Billing Suite and Microsoft Dynamics 365 Finance makes a persuasive cloud remedy that is in desire throughout a large array of industries” notes Jasbir Jaswal, Director of Progress and Expert Expert services at Binary Stream. “Binary Stream will continue on to acquire industry primary methods for the Microsoft Dynamics 365 platforms and leverage extra of Microsoft’s developments to guidance companies close to the environment.”
Georg Glantschnig, Normal Supervisor, Microsoft Dynamics 365, Microsoft adds, “With the addition of Binary Stream’s Subscription Billing Suite, Microsoft Dynamics 365 for Finance and Functions proceeds to mature as a extensive cloud option for enterprises with sophisticated enterprise versions.”
About Binary Stream
Binary Stream is an award-successful, Microsoft Gold licensed husband or wife that develops company-quality program to enhance Microsoft Dynamics 365 Finance, Dynamics 365 Company Central, and Dynamics GP.
As a 7-time President’s Club award winner and recurrent ISV of the calendar year finalist, Binary Stream is among the top 5% of Microsoft Dynamics companions globally. For 20 years, they’ve offered main options for subscription management, lease administration, consolidation accounting, and provide chain optimization throughout numerous industries.
Supporting hundreds of buyers in in excess of 30 nations around the world, Binary Stream is built on a tradition that values development, innovation and teamwork. They ended up lately recognized as a single of Canada’s Leading Businesses, accredited as a Fantastic Place to Perform and are actively increasing their international crew.
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