Introduction

Subscription-based services are rapidly growing in different industries every day, and with them, organizations are facing billing and pricing challenges that they had never faced before. From limited support for different pricing structures to the inability to accommodate and automate recurring billing, traditional financial software is unable to support the growing needs of today’s leading organizations.

The introduction of the new revenue recognition standards, IFRS 15 and ASC 606, further proved the need for a robust and comprehensive system that can consistently tackle challenging scenarios and simplify the most complex tasks.

Binary Stream’s Subscription Billing Suite (SBS) is a comprehensive solution to complex pricing, billing, and recognition that enables compliance with ASC 606 and IFRS 15. SBS introduces consistent and reliable automation for a wide range of pricing and billing models, and provides organizations with the flexibility necessary to succeed in a rapidly changing economy.

Aside from enabling compliance with the latest revenue recognition standards, SBS facilitates the entire quote-to-cash process at every step from billing and invoicing to reporting and forecasting. As a directly-embedded solution, Subscription Billing Suite gives organizations control of their processes and schedules at the line item level within Microsoft Dynamics 365 for Finance and Operations.