Built right within your Microsoft Dynamics ERP, Binary Stream’s subscription Billing Suite is a comprehensive end-to-end billing and deferrals solution designed to handle any complex billing scenario while ensuring that all revenue and expense recognition accounting is done quickly, accurately, and in compliance with all regulations.
This suite is built from three powerful tools:
|Advanced Recurring Contract Billing (ARCB)||Advanced Revenue and Expense Deferrals (ARED)||Multi-Element Revenue Allocation (MERA)|
Automate Your Recurring Billing Cycle
ARCB can protect your business from preventable revenue leakage by leveraging the reliability of Microsoft Dynamics ERP. You can be protected from more than missed invoices: ARCB ensures every escalation is applied on every invoice and automatically renew any contract as needed.
Complex Deferral Flexibility
Managing your deferral items doesn’t need to be complicated or time-consuming. Using ARED to handle your revenue or expense recognition and deferral gives you flexibility and control down to the level of individual items on each invoice. ARED will support any recognition methods that suit your business.
Manage your Performance Obligations
Using MERA in conjunction with ARED and ACRB, you can eliminate the time-consuming process of calculating and allocating revenue to meet ASC 606 / IFRS 15 compliance. Once set-up, you can let them simplify the process to save you time.
With SBS, you can quantifiably improve your overall company performance by introducing a system designed to leverage the power and efficiency of Microsoft Dynamics ERP for your accounting processes.
SBS empowers you to develop trust with your customers through improved billing consistency. With SBS you can overcome revenue leakage & provide a reliable payment system for your customers.
Make collections less painful by offering a self-service web portal for customer invoices and remitting online credit card payments which will help to speed up the process for your business.