Press Releases
Binary Stream participates in one of the most interesting industries, specifically in the ERM/ERP software marketplace. To get a feel of what it is all about, you can read about our recent developments here.
08/07/08 - Binary Stream is Once Again Awarded the President’s Club Membership
29/04/08 - New Features for Vendor Contract Pricing & Rebates
15/04/08 - Materials Management Gains New Functionality
29/01/08 - Microsoft Demo Features Materials Management for Healthcare
02/11/07 - Binary Stream wins Entrepreneurial Spirit Award at the Burnaby Business Excellence Awards
25/10/07 - New Revenue&Expense Deferrals Solution Released
05/10/07 - Binary Stream Software is named a Finalist for Two Burnaby Business Awards
08/08/07 - Microsoft Takes Notice of Binary Stream’s Materials Management Module in Recent Case Study
10/07/07 - Binary Stream is Awarded President's Club Membership
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Binary Stream is Once Again Awarded the President’s Club Membership
July 8, 2008
Burnaby, BC - Binary Stream Software, the international provider of innovative enterprise solutions for Microsoft Dynamics GP has once again been awarded membership to Microsoft’s prestigious President’s Club. The award, which recognizes Microsoft’s top Value Added Resellers and Independent Software Vendors for excellence in product quality and customer service, places Binary Stream Software in the top five percent of all Microsoft Business Solutions partners.
Binary Stream has been developing add-ons for Microsoft Dynamics GP for over ten years and has been an active member of the Microsoft Partner Community during this time. With 20 out of the box products created and marketed in this time span, the company has seen dramatic growth and has doubled in size since 2007. This growth fuelled by demand for their solutions has allowed this up and coming Canadian company to bring to life several enterprise products for Microsoft Dynamics GP users worldwide.
Binary Stream is proud to be receiving this award and recognition from the Microsoft community. In his congratulations to Binary Stream, Kirill Tatarinov the Corporate Vice President of Microsoft Business Solutions said “Thank you for your deep commitment to our mutual customers and for building the Microsoft Dynamics business. President's Club represents our top channel partners and reaching this important milestone is a significant accomplishment for your entire team.”
Lak Chahal the president and CEO of Binary Stream Software was greatly touched by the award and expressed his sentiments earlier this week. “As a member of the Microsoft community it means a great deal to be part of this premier group of product providers. This recognition shows that we have been doing our job right and in the future we will continue to push ourselves to create even more value for our customers in developing innovative software solutions. We pride ourselves in facing challenging projects and I believe this is what sets our products apart.”
Lak Chahal and George Tonzetich, Binary Stream’s sales manager, will both be attending the award ceremony on July 9th in Houston, TX to receive the President’s Club Membership Award.
New Features for Vendor Contract Pricing & Rebates
April 29, 2008
Burnaby, BC - Vendor Contract Pricing & Rebates, a solution designed to efficiently handle vendor contracts, discounts and rebates, has recently undergone several new developments to increase its functionality for our users. The new release of the product includes additional troubleshooting measures for companies using several third party products through our extra forms. These extra forms ensure that Binary Stream’s code remains independent from any other ISV products that may be altering the standard SOP windows improving the overall system integrity.
The contracts within Vendor Contract Pricing & Rebates have evolved to increase their efficiency with newly added functionality that allows users to import contract details from a comma delimited file formats for contract terms and customers associated with rebates. Additionally the mass import of inventory items to new contracts will allow greater time savings on contracts that involve numerous items. With new search fields on the contract maintenance form, finding specific item terms on a large contract is now streamlined for you as well.
In our continual efforts to put our client feedback to use, we will be working to grow many of our products over the coming year. Stay posted for more updates as these changes arise andcontact us if you have any questions.
Materials Management Gains New Functionality
April 15, 2008
Burnaby, BC - Materials Management for Healthcare, Binary Stream Software’s enterprise solution for healthcare organizations has gained new functionality in the last quarter to better serve their client needs. The solution which manages and streamlines the entire supply chain for healthcare organizations using Microsoft Dynamics GP now offers Multi-Bin functionality, improved supply requisitions and automated purchase order creation for inventory bins that are running low.
Through new Multi-Bin functionality, healthcare organizations can easily create sub-sites within their current inventory sites to better control inventory transfers that are happening in one location. This addition can help streamline inventory transfers while providing more detailed reporting.
Within supply requisitions, new developments to Materials Management now allow all adjustments to be completed under one screen. In simplifying this process all inventory usage and rentals can quickly be processed in one window. Tracking and confirmation is then accomplished through picking tickets that align with barcodes picked up from the solution’s handheld integrations to streamline the entire process.
Additionally purchase orders are now automatically created when bin levels reach a predetermined quantity, set by the user. The amount to which the bin’s inventory is replenished can be calculated in one of two ways, by the difference between the minimum quantity and current levels or the economic order quantity (EOQ). This provides users another tool to optimize their inventory levels, both reducing costs and improving patient service through better inventory management.
Through these new developments Binary Stream continually works to bring their client feedback into their solutions. If you are interested in learning more please contact Binary Stream Software.
Microsoft Demo Features Materials Management for Healthcare
January 29, 2008
Burnaby, BC - For healthcare organizations one of the major costs of doing business is their inventory and inventory management processes and because of this it is a primary area to address whenever healthcare organizations are considering their Enterprise Resource Planning (ERP) software. Microsoft prominently featured this very important area in their new Healthcare demo for Microsoft Dynamics GP with Binary Stream Software?s Materials Management for Healthcare. While Microsoft Dynamics itself provides a strong financial backbone it is Materials Management that provides the inventory management functionality to which the presentation refers.
Microsoft is well known for having strong partner channel that supports their products and builds alongside these. Binary Stream Software, a Gold Certified Microsoft partner has been a member in the partner channel for nearly a decade creating innovative software add-ons and enterprise solutions for Microsoft Dynamics GP. Materials Management for Healthcare, one of their largest solutions to date offers healthcare organizations a complete supply chain management solution that integrates seamlessly with Microsoft Dynamics GP.
To learn more about Binary Stream&rsquo:s Materials Management for Healthcare click here.
Binary Stream wins Entrepreneurial Spirit Award at the Burnaby Business Excellence Awards
November 2, 2007
Burnaby, BC - On November 1, 2007 Binary Stream Software, a leading gold certified Microsoft Dynamics GP software developer was awarded the Entrepreneurial Spirit Award by the Burnaby Board of Trade. The Entrepreneurial Spirit Award recognizes Binary Stream for their highly entrepreneurial approach to launching new business initiatives and excelling within their industry to attain success in terms of key business metrics. The developer of custom software for one of Microsoft’s four accounting and enterprise resource planning packages saw dramatic increases in their profitability throughout the past year, due to products such as their Multi-Facility Processing and in efforts to keep up with industry demand doubled in size as a company and relocated to new offices within Burnaby.
Burnaby, which is located in the geographical center of the Greater Vancouver Regional District, is the third most populated urban center in British Columbia, boasting an estimated population of over 202,799 residents. As a quickly maturing and integrated community within Vancouver’s growing metropolitan environment, their thriving business community holds a distinctly technological edge residing several world class organizations including PMC-Sierra, Ballard Power, IBM, Creo Products, Inex Pharmaceuticals, and Electronic Arts. Binary Stream Software, who have operated the length of their corporate life in Burnaby, are proud of Burnaby’s strong tradition of excellence in business innovation and dedication to sustainable technological development.
Lak Chahal, the president and founder of Binary Stream Software stated “We are incredibly thankful for the recognition and support we have received from the Burnaby business community in receiving this award. We have experienced an exceptional amount of growth in the past year and it is wonderful to see all of our hard work leading to so much recognition from our peers.” Binary Stream Software earlier in the year was recognized by Microsoft as a president’s club member, placing them amongst the top 5% of Microsoft’s worldwide partner channel for their dedication to customer service and product excellence. Now being named the Entrepreneurial Spirit Award winner within their local community, Binary Stream is planting strong foundations to make next year even better.
New Revenue&Expense Deferrals Solution Released
October 25, 2007
Burnaby, BC - Finally there is a comprehensive revenue and expense deferral solution for Microsoft Dynamics GP. In continual efforts to develop new products to meet client needs, Binary Stream Software, a Gold Certified Microsoft Partner, recently released their newest add-on solution to Microsoft Dynamics GP called Revenue&Expense Deferrals. This innovative enhancement developed initially for a telecommunications software provider offers organizations in-depth control and flexibility in managing deferrals for both revenues and expenses. Best suited for service based organizations who desire to delay their revenue or expense recognition throughout the life of a project or contract, the Revenue&Expense Deferrals software allows its users to defer revenues, expenses, and related credit memos on a line item basis within Microsoft Dynamics GP’s SOP and POP transactions. This new functionality allows organizations a great deal of flexibility in terms of creating and altering complex deferral schedules within Microsoft Dynamics GP.
While Microsoft Dynamics GP does offer the ability to create deferrals, the Revenue&Expense Deferrals product is a distinct solution that offers a significant amount of functionality for users to control their revenue and expense recognition schedules on a line item basis. From adding password protection on deferrals to the mass editing capabilities of multiple deferral schedules, finally there is a comprehensive and robust revenue and expense deferrals enhancement for Microsoft Dynamics GP users.
Binary Stream Software, who are known within the industry for their involved development process and dedication to customer satisfaction, are very excited about the release of this new product. For more information on Binary Stream’s Revenue&Expense Deferrals software, please contact their sales team at 604-522-6300 or email sales@binarystream.com.
Binary Stream Software is named a Finalist for Two Burnaby Business Awards
October 5, 2007
Burnaby, BC -Binary Stream Software, a Gold Certified Microsoft Dynamics GP software developer was named as a finalist for two Burnaby Business Excellence Awards this week; the Entrepreneurial Spirit Award and the Small Business of the Year Award. These awards which recognize and honor business excellence and contributions to the City of Burnaby are said to “recognize Burnaby businesses that have made a significant contribution to community spirit, service and quality of life, and have demonstrated outstanding business leadership, innovation and success” by the Burnaby Board of Trade. Being named as one of five finalists for each award is a great honor for Binary Stream Software, who are excited to be considered among Burnaby’s best in terms of business success, innovation and community contribution. The Entrepreneurial Spirit Award recognizes a highly entrepreneurial approach in launching a business or product and the Small Business of the Year award balances excellence in the combined areas of business success, innovation and contributions to community service.
Over the past year Binary Stream Software has experienced much success and growth in the Enterprise Resource Planning software arena as a Microsoft Partner. In June of 2007 Binary Stream Software was recognized as a Microsoft President’s Club member, placing them in the top five percent of Microsoft partners worldwide and awarding them for their outstanding customer commitment and sales achievement. Due to the increased demand for their products and services, the company has doubled in size in the past year and recently relocated to larger offices to keep up with their growth.
Binary Stream Software, who incorporated in 1999, has operated the length of their corporate life within Burnaby as a proud member of the thriving Burnaby Business community. On November 1, 2007 the winners of the Burnaby Business Excellence Awards will be announced during the 8th Annual Burnaby Business Excellence Awards Gala at the Hilton Metrotown.
Microsoft Takes Notice of Binary Stream’s Materials Management Module in Recent Case Study
August 8, 2007
Burnaby, BC -In a recently published case study by Microsoft, Binary Stream Software, a gold certified software developer for Microsoft Dynamics GP, was noted as a prominent supply chain solutionist for their Material Management Module. The Material Management module is a comprehensive solution which offers Hospitals complete supply chain management for their complex procurement and fulfillment processes. As an integral part of the implementation process at Frankford Hospital the Material Management Module was noted as great asset for the hospital within their new Microsoft Dynamics GP system.
In the fall of 2004 Binary Stream worked with Microsoft Dynamics reseller, Tectura to provide a Microsoft Dynamics GP based solution which would satisfy the intricate needs of Frankford’s various accounting processes. Before this implementation the hospital had been running a system primarily based upon a paper trial for orders and request approvals. Since materials management costs are often the second greatest expenditures that hospitals incur, Binary Stream’s Materials Management piece was an important addition to the Great Plains project. The module allowed Frankford to track down several elements of their supply chain in greater detail, improving their audit trail within Dynamics GP. Through the automation of several order processes Frankford Hospitals also managed to streamline their purchase-request processes and vendor management.
For more information, read the Case Study here.
Binary Stream is Awarded President's Club Membership
July 10 , 2007
Burnaby, BC - Binary Stream Software recently received recognition from Microsoft ® for outstanding customer commitment and sales achievement and was named to the Microsoft Dynamics™ President’s Club. This recognition honors Microsoft Dynamics partners whose commitment to customers is reflected in their business performance and high level of sales achievement and customer satisfaction.
“Microsoft congratulates Binary Stream Software on achieving President’s Club status,” said Tami Reller, corporate vice president, Microsoft . “Binary Stream Software truly understands how important customers are to Microsoft and makes the extra effort to make their customers’ experiences memorable.”
Binary Stream Software, a leading gold certified Microsoft Dynamics GP developer, has been providing custom add-on solutions for Microsoft Dynamics GP users internationally for 9 years. Having developed over 250 accounting and Enterprise Resource Planning software projects throughout this time period and bringing to life 28 products, Binary Stream is enormously pleasured with the honor of being named part of the Microsoft Dynamics™ President’s Club.
“We are very pleased to be recognized as one of Microsoft’s President Club members. It has been a great year for us and we are very grateful to all of our partners and customers who have made this all happen. It is a great honor to know that what we do is making a difference to people’s businesses everyday.” Said Lak Chahal, Binary Stream Software’s CEO after Microsoft announced the President’s Club Members.
Binary Stream Software was founded in 1999 by Lak Chahal and employs 16 people.
