Microsoft adds subscription billing tools to Dynamics 365 Finance

Microsoft has added new subscription billing tools to Dynamics 365 Finance through a new licensing agreement with Binary Stream Software.

Binary Stream's Subscription Billing Suite provides procure-to-pay and revenue and expense recognition capabilities that enable compliance with ASC 606 and IFRS 15 accounting standards.

The capabilities include tools to manage complex pricing and billing such as usage-based or tiered models and added reporting capabilities for companies with recurring revenue, according to Binary Stream.