Articles By: Binary Stream

The stream | MoxiWorks saves 80 days annually by automating recurring billing processes

August 30, 2021 · Binary Stream ·

The healthcare industry is rapidly growing. It’s estimated that the global healthcare budget will reach $15 trillion by 2030. The following content explores solutions to common challenges administrators face in the healthcare industry. We published the complete guide to financial consolidation and covered a range of topics addressing issues surrounding healthcare administration, such as balancing costs and creating a culture of compliance. Check out the …

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Is technology the answer? The rise of healthcare administration challenges

August 26, 2021 · Binary Stream ·

According to recent research, administrative costs take up 34% of US healthcare’s total spending. It’s not surprising, given the unprecedented growth of the industry and the fact that most days, healthcare administrators tackle everything from supply chains to regulatory changes. The video below covers three of the biggest healthcare challenges you might be facing and …

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The stream | How to navigate digital transformation in healthcare

July 29, 2021 · Binary Stream ·

By 2025, the U.S. healthcare industry will be worth $5.5 billion. In 2016, worldwide healthcare mergers and acquisitions (M&A) reached roughly $320 billion, and in the first half of 2021, the global M&A deal value has almost reached $300 billion. The content below explores best practices in administration and accounting in the healthcare industry. We covered a range of topics addressing issues surrounding digital transformation in healthcare. Check out the following …

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Build your ERP requirements checklist in 8 simple steps (short video included)

July 26, 2021 · Binary Stream ·

When it comes to investing in the right ERP system, it’s essential to take a step back and focus on what your team really needs. Before you start shopping, it’s a good idea to create a requirements checklist. That way, you won’t end up wasting money on flashy features that have very little to do …

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The stream | How to handle consolidations and complex billing

June 28, 2021 · Binary Stream ·

This month we focused on common problems and solutions encountered during financial consolidation. From handling intercompany transactions to deciding whether usage-based billing is right for your company, there can be a lot to navigate. We published the complete guide to lease management and spotlighted DynaLIFE’s centralized lease management system. Check out the following resources to …

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Binary Stream expands worldwide presence by entering a licensing agreement with Microsoft for Subscription Billing Suite

June 22, 2021 · Binary Stream ·

Enhancing the subscription management functionality in Microsoft Dynamics 365 for Finance and Operations Binary Stream Software, a global software and services firm focusing 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 enables Microsoft to enhance its procure-to-pay …

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5 common questions answered about financial consolidation for multi-companies

June 17, 2021 · Binary Stream ·

Have you got questions about financial consolidation for multi-companies? You’re not alone. This blog tackles five of the key questions companies ask every day. From keeping track of performance to consolidated financial statements, we’ve got you covered. Question 1: What exactly is a multi-company or multi-entity? Multi-companies are also known as multi-entities, which include …

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4 common financial consolidation challenges companies face  

May 19, 2021 · Binary Stream ·

Effective financial consolidation is a rigorous process requiring accurate data, expert project management across all entities, and compliance with global accounting standards. These are the four most common challenges companies face.  1.Low quality or inaccurate data Unreliable data is one of the most common hurdles companies face. Often this is a result of …

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5 ways to optimize your property lease management strategy

April 15, 2021 · Binary Stream ·

The introduction of new lease accounting standards ASC 842, IFRS 16 and GASB 87 makes lease management a fundamental part of a company’s growth strategy. The scrutiny leases are now subject to means companies need to invest in optimizing their strategies to prove compliance and foster sustainable growth. Let’s discuss five simple ways you can …

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8 essential lease management software features (video)

March 31, 2021 · Binary Stream ·

As your company grows, your software needs to be able to scale to cater to your changing needs. Although it may seem cost effective to go with a cheaper solution for managing your properties at first, it may not be able to handle the complexity of multiple leases, and your costs will quickly bubble up. …

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