Binary Stream Software

Overview

Binary Stream Software, founded in 1999 and based in Canada, operates within the software industry, specializing in enterprise resource planning (ERP) solutions. The company focuses on providing software that addresses the complexities of financial management, particularly for organizations with multi-entity structures. Their offerings include tools designed to automate billing, revenue recognition, and financial reporting, particularly in conjunction with Microsoft Dynamics 365 Business Central. A case study featuring Experlogix highlights the challenges faced by the company due to multiple mergers, which resulted in siloed systems and manual workloads across five entities in various countries. Binary Stream's solutions facilitated a significant reduction in month-end closing times and improved data accuracy by automating complex billing processes and eliminating reliance on spreadsheets. The company employs between 51 and 200 individuals and has reported annual revenue of approximately $29.4 million, positioning itself as a key player in the realm of financial technology and ERP solutions.

Industry