Binary Stream
Binary Stream is a privately held Canadian software company that builds specialized financial and operational extensions embedded within Microsoft Dynamics ERP platforms, serving mid-market and enterprise customers with multi-entity consolidation, subscription billing, lease accounting, and healthcare materials management solutions.
- Company typePrivate
- Founded1999
- HeadquartersBurnaby, Canada
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Binary Stream does
Binary Stream Software Inc. is a privately held Canadian software company founded in 1999 and headquartered in Burnaby, British Columbia, with a global delivery hub in Chandigarh/Mohali, India. The company builds specialized financial and operational extensions embedded directly inside Microsoft Dynamics ERP platforms, including Dynamics 365 Business Central, Dynamics 365 Finance, and Dynamics GP. Its core product suite, branded as the Dynamics Stack, comprises Multi-Entity Management (consolidated financial operations across multiple legal entities), Subscription Billing Suite (recurring billing and revenue recognition with ASC 606/IFRS 15 compliance), Property & Lease (lease accounting under ASC 842/IFRS 16/GASB 87), Healthcare Materials Management (multi-facility procurement and inventory), Advanced Subscription Management, RevOps 365, and Dynamics GP Utilities. Binary Stream is positioned among the top 5% of Microsoft partners globally and is a Microsoft Inner Circle partner.
The company serves mid-market and enterprise organizations that have standardized on Microsoft Dynamics and require capabilities the base ERP does not natively provide, with deep penetration across healthcare, franchising/restaurant, hospitality, fitness, real estate, telecom, financial services, and software/IT verticals. Its customer roster includes Five Guys, Gold's Gym, Planet Fitness, Tampa Bay Buccaneers, Caesars, Jim Pattison Group, Signature HealthCARE, QTS Data Centers, OTC Markets Group, MB2 Dental, MoxiWorks, and BT Conferencing. The company reports a 97% customer retention rate, a 93% customer satisfaction score, and 100% Microsoft ERP focus across its product line, with products such as MEM used to manage hundreds of legal entities within a single Dynamics instance.
Binary Stream operates a hybrid go-to-market combining a partner-first channel motion (hundreds of certified Microsoft Dynamics system integrators including Armanino, Western Computer, Velosio, RSM, KPMG, and Wipfli) with a direct enterprise sales motion supported by professional services for implementation, configuration, training, and go-live. Revenue is generated through annual subscription licensing of its embedded software modules plus professional services engagements, with pricing determined via custom quotes based on entity counts, selected modules, and implementation complexity. The company is founder-led (Lak Chahal, President & CEO), bootstrapped with no disclosed institutional or PE ownership, and has grown organically for over 25 years, supplemented by the October 2022 acquisition of Vertical Leap Inc.
Binary Stream firmographics
Firmographics- Name
- Binary Stream
- Legal name
- Binary Stream Software Inc.
- Website
- https://binarystream.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Binary Stream is a privately held Canadian software company that builds specialized financial and operational extensions embedded within Microsoft Dynamics ERP platforms, serving mid-market and enterprise customers with multi-entity consolidation, subscription billing, lease accounting, and healthcare materials management solutions.
- Ownership category
- akta.pro rank
Binary Stream industry classification
Industry- Product category
- ERP Financial Management Software
- NAICS
- Software Publishers (513210), Custom Computer Programming Services (541511)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- ERP Extensions & Add-ons (CPQ, Billing, Revenue Management) (HDAEAEAO)
- akta.pro secondary industry
- ERP Implementation & Systems Integration Services (BPAEAGAA)
Keywords
Where Binary Stream is headquartered
LocationHeadquarters
- HQ city
- Burnaby
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Binary Stream business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Licensing: Binary Stream generates revenue through licensing their specialized solutions (Multi-Entity Management, Subscription Billing Suite, Property & Lease, Healthcare Materials Management) as embedded extensions within Microsoft Dynamics ERP platforms. Solutions are sold through channel partners and direct sales to enterprise customers.
- Professional Services: Implementation, configuration, training, and go-live support services provided by the company's expert consulting team. Services include discovery and analysis, system configuration, and deployment support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise licensing with quote-based pricing |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Binary Stream product offering
Product offeringCore offering
Binary Stream develops and licenses embedded financial management software extensions for Microsoft Dynamics ERP platforms (Dynamics 365 Business Central, Dynamics 365 Finance, and Dynamics GP). Its core offerings — Multi-Entity Management, Subscription Billing Suite, Property & Lease, and Healthcare Materials Management — are sold as subscription licenses to mid-market and enterprise customers, complemented by professional services for implementation, configuration, training, and go-live support.
Product overview
Binary Stream offers a platform-plus-modules architecture called the Dynamics Stack, providing embedded financial solutions for Microsoft Dynamics ERP customers. The core portfolio consists of Multi-Entity Management for consolidated financial operations across multiple legal entities, Subscription Billing Suite for automated recurring billing and revenue recognition, Property & Lease for lease accounting compliance (ASC 842/IFRS 16/GASB 87), and Healthcare Materials Management for supply chain operations. Additional products include Advanced Subscription Management (an enhanced subscription offering), RevOps 365 (cross-ERP/CRM revenue operations), and Dynamics GP Utilities. All products are built directly into Microsoft Dynamics 365 Business Central, Dynamics 365 Finance, and Dynamics GP, extending native ERP capabilities with specialized financial and operational modules.
Differentiator
Problem solved
Functional benefit
Products and services
- Multi-Entity Management (MEM)
Quantifiable outcome
- Jim Pattison Group saves $70,000 annually with Multi-Entity Management
- +11 more outcomes
Companies that use Binary Stream
Customer profileNamed customers22 records
Segments10 records
Ideal customer profiles3 records
Binary Stream technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration26 records
AI capability2 records
Feature5 records
Binary Stream partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered flagship and core.
- Armanino (Partner of the Year)flagshipArmanino was recognized as Binary Stream's Partner of the Year (Large Business) for 2025, earning Innovation Excellence Award for forward-thinking execution on complex Business Central deployments.
- Western Computer (Partner of the Year)flagshipWestern Computer was recognized as Binary Stream's Partner of the Year (Medium Business) for 2025, distinguished for consistent performance and customer-first execution.
- Volt TechnologiescoreVolt Technologies was recognized as Binary Stream's New Partner of the Year for 2025, demonstrating early success in delivering Binary Stream solutions.
- ApteancoreAptean was recognized as Binary Stream's Rising Star partner for 2025, showing rapid growth in the Microsoft Dynamics ecosystem.
- FidesiccoreFidesic is an AP automation partner that integrates with Binary Stream's Multi-Entity Management and Microsoft Dynamics 365 Business Central. The partnership provides a comprehensive AP solution for customers managing multiple entities, enabling automated invoice capture, electronic approval, and direct integration with Dynamics accounting systems.
- ArmaninoflagshipArmanino is one of the top 25 largest accounting, consulting, and technology firms in the United States, recognized as Binary Stream's Partner of the Year (Large Business) for 2025. They demonstrate outstanding enterprise leadership through complex Business Central engagements.
- Western ComputerflagshipWestern Computer is a long-standing Microsoft Dynamics partner with deep Business Central expertise, recognized as Binary Stream's Partner of the Year (Medium Business) for 2025. They help organizations modernize financial operations and scale with confidence.
- Vertical Leap Inc.coreVertical Leap Inc., acquired by Binary Stream in October 2022, brought over 30 years of collective experience through their Business Central Addins and Dynamics NAV Addons products. The acquisition expanded Binary Stream's Business Central footprint with tools for shipping, importing, and inventory management.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Binary Stream competitors and assessment
Company assessmentDirect peers
- Sana Commerce: Sana Commerce builds eCommerce and B2B portal software tightly integrated with Microsoft Dynamics 365 Business Central and Finance. Directly comparable as a Dynamics-native ISV selling embedded extensions through the same Dynamics partner channel that Binary Stream relies on.
- To-Increase: To-Increase is a long-standing Microsoft Dynamics ISV building industry-specific extensions and add-ons for Dynamics 365 Finance & Operations and Business Central. Directly comparable as a fellow Dynamics-native extension publisher with similar embedded-product, channel-led GTM.
- ForNAV: ForNAV develops reporting, document output, and printing solutions engineered for Microsoft Dynamics 365 Business Central, including MEM-aware entity reporting. Directly comparable as a Dynamics 365 BC extension publisher specializing in financial document/reporting workflows.
- insightsoftware (incl. Jet Reports): Insightsoftware, via the Jet Reports and outrosft products, builds financial reporting, budgeting, and ERP-extension solutions native to Microsoft Dynamics 365 Business Central and Finance. Directly comparable as a long-tenured Dynamics ISV with overlapping ERP-extension products targeting the same Dynamics finance/accounting personas.
- VersaPay / ChargeLogic: VersaPay, through the ChargeLogic product line, delivers payment processing and subscription billing extensions built natively into Microsoft Dynamics 365 Business Central. Directly comparable as a Dynamics-native ISV partner overlapping with Binary Stream's subscription billing and payment workflows.
- Continia Software: Continia builds document capture, expense management, subscription management, and AP automation extensions exclusively for Microsoft Dynamics 365 Business Central. Directly comparable as a Dynamics-native ISV partner whose offerings overlap with Binary Stream's AP/AR and document workflows around MEM.
- Solver: Solver provides cloud-based financial reporting, budgeting, and Power BI-integrated analytics with first-class connectors to Dynamics 365 Business Central and the Multi-Entity Management module. Directly comparable as a Dynamics ISV partner with multi-entity financial reporting products used alongside Binary Stream.
Broad incumbents
- Sage Intacct: Sage Intacct is an established cloud ERP with native multi-entity financial consolidation, subscription billing, and revenue recognition. Broadly comparable as a finance-first cloud ERP whose bundled capabilities overlap with Binary Stream's MEM and Subscription Billing Suite, competing for the same mid-market finance buyer that Binary Stream targets through Dynamics channels.
Emerging players
- Maxio: Maxio (the merged SaaSOptics + Maxio platform) is a subscription billing and revenue recognition cloud platform used by SaaS and recurring-revenue businesses. Comparable as a specialist subscription-billing competitor that Binary Stream's Subscription Billing Suite competes against for the same recurring-revenue customer use case.
- Avalara: Avalara provides automated tax compliance (AvaTax) with certified Dynamics 365 Business Central integrations and is part of Binary Stream's partner ecosystem. Comparable as an adjacent Dynamics-extension publisher for tax/billing workflows that overlaps with Binary Stream's Subscription Billing Suite use cases.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Binary Stream social profiles
Digital presenceBinary Stream financial estimates
Financial estimateRevenue estimate
Valuation estimate
Binary Stream leadership team
Management profileNumber of profiles
Profiles2 records
Binary Stream subsidiaries and ownership
Company hierarchySubsidiaries1 record
Binary Stream funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Binary Stream M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Binary Stream
What does Binary Stream do?
Binary Stream develops and licenses embedded financial management software extensions for Microsoft Dynamics ERP platforms (Dynamics 365 Business Central, Dynamics 365 Finance, and Dynamics GP). Its core offerings — Multi-Entity Management, Subscription Billing Suite, Property & Lease, and Healthcare Materials Management — are sold as subscription licenses to mid-market and enterprise customers, complemented by professional services for implementation, configuration, training, and go-live support.
Is Binary Stream a public or private company?
Binary Stream is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Binary Stream founded?
Binary Stream was founded in 1999. It employs 101 to 250 people.
Where is Binary Stream based?
Binary Stream is headquartered in Burnaby, Canada, in the North America region.
How does Binary Stream make money?
Two revenue lines are on record. Software Licensing is the primary driver. The others are professional Services.
Who are Binary Stream's main competitors?
Direct peers on record are Sana Commerce, To-Increase, ForNAV, insightsoftware (incl. Jet Reports), VersaPay / ChargeLogic, Continia Software and Solver. Sage Intacct is listed as a broad incumbent. Emerging players are Maxio and Avalara.
Does Binary Stream have an API?
No public API is recorded for Binary Stream.
What industry is Binary Stream in?
Binary Stream's product category is ERP Financial Management Software. Its primary akta.pro industry code is HDAEAEAO, ERP Extensions & Add-ons (CPQ, Billing, Revenue Management), with a secondary code of BPAEAGAA, ERP Implementation & Systems Integration Services. Its NAICS code is 513210 and its SIC code is 7372.