Binary Stream Expands Global Presence By Signing License Agreement With Microsoft For Subscription Billing Suite

Improved subscription management functionality in Microsoft Dynamics 365 for Finance and Operations

Vancouver, BC /PRNewswire/ - Binary Stream Software, a global software and services company focused on subscription management, consolidation accounting and lease administration, announced an agreement with Microsoft for the exclusive licensing of Subscription Billing Suite for Dynamics 365 Finance. This allows Microsoft to improve its procure-to-pay functionality as well as revenue and expense accounting.

Subscription services are growing rapidly in different industries, and organizations are facing unprecedented billing and pricing challenges. With this license agreement, Microsoft adds a proven solution for handling complex pricing and billing scenarios that enables compliance with global accounting standards such as ASC 606 and IFRS 15.

“Businesses demand end-to-end integration of their entire business that enables immediate responsiveness to customer trends and enables compliance with global accounting standards,” said Lak Chahal , President and CEO of Binary Stream. He adds, “This license agreement will greatly enhance and support the subscription management capabilities of Microsoft Dynamics 365 Finance and its growing user base. It will also allow us to continue to work closely with Microsoft and the Partner Channel and to use our expertise in this area. "

These new advanced features will help Dynamics 365 Finance meet the growing need for complex billing, such as usage-based or tiered models, and extend the platform's reporting capabilities for businesses with recurring revenue.

“The combination of Subscription Billing Suite and Microsoft Dynamics 365 Finance creates a compelling cloud solution that is in demand across a wide range of industries,” notes Jasbir Jaswal , director of development and professional services at Binary Stream. “Binary Stream will continue to develop cutting-edge solutions for Microsoft Dynamics 365 platforms and leverage more advancements from Microsoft to support businesses around the world. "

Georg Glantschnig , Managing Director of Microsoft Dynamics 365, Microsoft adds: "With the addition of Billing Suite from Binary Stream, Microsoft Dynamics 365 for Finance and Operations continues to grow as a complete cloud solution for companies with complex business models" .

About Binary Stream
Binary Stream is an award-winning Microsoft Gold Certified Partner that develops enterprise-grade software to enhance Microsoft Dynamics 365 Finance, Dynamics 365 Business Central, and Dynamics GP.

Seven-time President's Club winner and often ISV of the Year finalist, Binary Stream is among the top 5% of Microsoft Dynamics partners in the world. For 20 years, she has provided industry leading solutions for subscription management, lease administration, consolidation accounting and supply chain optimization across multiple industries.

Supporting thousands of users in over 30 countries, Binary Stream is built on a culture that values ​​growth, innovation and teamwork. The company was recently recognized as one of Canada's Best Employers , has been certified as a Great Place to Work, and is actively developing its international team.

visit www.binarystream.com and follow @BinaryStream on Twitter.