Binary Stream

Solution: Guided by an independent Microsoft Dynamics implementation consultant, the company deployed Binary Stream's Multi-Entity Management, consolidating 55+ databases into a single Dynamics GP database.

Results: The company has since scaled to 239 entities while reporting $126,000 in annual savings and 6+ hours saved each time a new entity is added; year-end close for all 239 entities took 30 minutes, versus upwards of 15 minutes per entity previously.

“Back when we had 55 entities, it used to take upwards of 15 minutes per entity to close during year-end. The process was a nightmare. Last year it only took 30 minutes to close out 239 entities during year-end using Multi-Entity Management.”

Solution: The company selected Fidesic AP automation because it integrated with both Dynamics GP and Binary Stream's Multi-Entity Management, which it already used, adding entity controls and location-enabled invoice capture and routing.

Results: AP is now paperless and cloud-based across 19+ locations with 110+ users; the accounting team works fully remotely and individual entities can look up their own invoices and history rather than routing queries through corporate.

“We've been able to place more ownership on the multiple entities to research their own invoices when they or their vendors have questions. We're all primarily working remotely now. There's no filing or going into the office to find invoices.”

Solution: An implementation partner identified Binary Stream's Multi-Entity Management (MEM), deployed as the company moved to Microsoft Dynamics 365 Business Central, consolidating all 150 subsidiaries into a single database with automated intercompany transactions.

Results: The company reports $70,000 in annual savings, a 97% reduction in mandatory backups, and centralized cashflow visibility across 150 entities, with intercompany journal entries now automated rather than coordinated between accounting teams.

“Before MEM, whenever we had to do backups or version upgrades, we had to do it 150 times. It was a painful process.”

Solution: After migrating from Dynamics GP (Great Plains) to Microsoft Dynamics 365 Business Central, the organization worked with a consultant and selected Binary Stream's Subscription Billing Suite for automated recurring billing and deferred revenue recognition inside Business Central.

Results: The organization reports $15,000 saved annually and 2+ weeks saved monthly, with 1,000+ members billed on automated monthly and annual schedules and revenue recognition on prepaid accounts handled via deferral schedules.

“It makes things efficient for us because it's one upload that we have to do. We can set it and forget it for almost a year. The system manages itself.”