Binary Stream has increased its global presence by signing a Subscription Billing Suite licensing arrangement with Microsoft

Microsoft Dynamics 365 for Operations subscription and Finance management has improved.

FREMONT, CA: Binary Stream Software, a global software and services company specializing in subscription billing, consolidation accounting, and lease administration, has announced an exclusive licensing partnership with Microsoft for Subscription Billing Suite for Dynamics 365 Finance. Microsoft will be able to improve its procure-to-pay and revenue and cost recognition capabilities due to this.

In various industries, subscription-based services are fast expanding, and businesses, confronted with unprecedented billing and pricing issues. Microsoft gains a proven solution for handling complicated pricing and invoicing scenarios with this licensing arrangement, enabling compliance with global accounting standards like IFRS 15 and ASC 606.

"Companies are demanding an end-to-end integration of their entire enterprise that allows for immediate responsiveness to customer trends and enables compliance with global accounting standards," according to Lak Chahal, President, and CEO at Binary Stream. He adds, "This licensing agreement will greatly enhance and support the subscription management capabilities of Microsoft Dynamics 365 Finance and its growing user base. It will also enable us to continue working closely with both Microsoft and the partner channel and use our expertise in the space."

These sophisticated features will help Dynamics 365 Finance satisfy the growing demand for complicated invoicing, such as usage-based or tiered models, and expand the platform's reporting capabilities for reliable income businesses.

"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 industry leading solutions for the Microsoft Dynamics 365 platforms and leverage more of Microsoft's advancements to support companies around the world."

Georg Glantschnig, General Manager, Microsoft Dynamics 365, Microsoft adds, "With the addition of Binary Stream's Subscription Billing Suite, Microsoft Dynamics 365 for Finance and Operations continues to grow as a comprehensive cloud solution for enterprises with complex business models."