LOS ANGELES, CA.—August 5, 2020—Solver, ranked among the highest rated companies in cloud-based Corporate Performance Management (CPM) for customer satisfaction by G2, announced its partnership with Binary Stream, a Gold Enterprise Resource Planning Partner Independent Software Vendor (ISV) delivering scalable software solutions simplifying company processes, such as subscription billing automation for Enterprise Resource Planning (ERP) customers.
Solver and Binary Stream have partnered to integrate Solver’s cloud-based CPM application with Binary Stream’s enterprise-grade software solution to offer customers a pre-configured integration and pre-built report templates. With this partnership, Microsoft Dynamics 365 Business Central customers using Binary Stream’s Multi-Entity Management and Subscription Billing Suite apps can now use Solver to create professional grade reports across all of their data.
The integration enables quick loading of dimensions and data from Binary Stream’s tables in Microsoft Dynamics 365 Business Central. The report templates include more than 10 different layouts. Subscription Billing Management reports include: Churn Analysis; MRR; Monthly revenue per product/customer; Eight quarter rolling subscription revenue trend; Scheduled billing; invoiced vs. recognized amount; Deferred revenue current year and next three years; and Subscription revenue forecasting. A report example is shown below:
For Multi Entity Management, reports include: Consolidating P&L; and Multi-company benchmarking. An example of this report is shown below:
By partnering together for this integration, Solver and Binary Stream are focusing on delivering rapid time-to-value for Microsoft Dynamics 365 Business Central customers looking for advanced cloud-based financial and operational reporting. Budgeting and Forecasting is also provided as an option.
“Our relationship with Binary Stream goes back many years. In fact, Solver is one of their customers. In this project, engineers from both companies collaborated together to configure the integrations and to discuss reporting ideas,” says Nils Rasmussen, CEO at Solver. He continues, “Our mutual goal is to enable faster and better decisions for our joint customers by making it faster and easier to deploy our cloud products together with Microsoft Dynamics 365 Business Central.”
Lak Chahal, President and CEO at Binary Stream added, “We are excited to collaborate and innovate in digital transformation with Solver, and to jointly offer Microsoft Dynamics 365 Finance and Dynamics 365 Business Central users with a streamlined way to access clearer insights and make better business decisions regardless of the complexity of their underlying processes and data.”