Binary Stream

5 ways to optimize your property lease management strategy

By / April 15, 2021
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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4 secrets to better subscription pricing psychology

By / February 28, 2021
4 secrets to better subscription pricing psychology  Getting subscription pricing right in today’s SaaS-driven climate is an art form. Below, we explore four different ways to use pricing psychology to increase your subscriptions and revenue.   1. Pay attention to median pricing  Successful tiers pricing comes down to The Goldilocks Principle. Customers are most likely to …

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How to fix the problems in your healthcare supply chain    

By / January 18, 2021
Many of the issues in today's healthcare supply chains come down to human error, obsolete processes, and poorly managed stock. In this video, we explore seven simple steps to help identify and fix these issues. Seven steps to fix the problems in your healthcare supply chain Step 1: make a list Create a comprehensive list …

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Annual vs monthly billing cycles for subscription billing

By / September 17, 2020
A mere one-fifth of SaaS companies allow their customers to choose between monthly and annual payments. Even though, it had been shown that increasing a customer’s options (e.g. payment methods, shipping methods, etc) boosts conversions. Having a choice is important at all stages of the sales cycle, but perhaps, it’s most essential when it comes …

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5 simple ways an ERP system improves compliance for your organization

By / August 11, 2020
An ERP is one of the best ways to facilitate compliance because it increases the visibility, security, and traceability of your data. Not only will it reduce the time spent on tasks that can be automated, but it means you can rely on your data when it comes to audits and proving compliance. In our …

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Leading the charge with Microsoft-preferred selection for Property Lease Management  

By / August 11, 2020
August 6, 2020—Vancouver, CA—Binary Stream’s latest solution—Property Lease Management—has been selected as Microsoft-preferred. It’s a solution built to manage property, plant and equipment leases, and lease portfolios across the globe.     Property Lease Management embeds directly into Dynamics365 for Finance and Operations, allowing customers to work within a familiar interface, while still gaining access to tools …

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5 best practices for managing multiple companies in Dynamics GP

By / July 9, 2020
Scaling your company as it grows can be a bit of an administrative nightmare. Many teams find themselves stretched between multiple databases, simply implementing what worked initially across their new locations. Information often ends up scattered across different databases, and reports have to be cobbled together from various sources. A system which is far from ideal, taking …

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Top 7 Lessons Learned from the New Lease Standards

By / March 26, 2020
While always impactful, new accounting standards rarely affect organizations at a scale as large as the new lease standards will. With the introduction of FASB's ASC 842 and IASB's IFRS 16, the two accounting standard boards are closely approaching convergence while also bringing about major changes to the accepted definition of a lease, how to …

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