MEM High Level Overview Basic Functionality Don Ramsay

MEM High Level Overview Basic Functionality Don Ramsay – Solutions Consultant Hosted by Copyright Dynamic Communities Binary Stream Software Inc. 2017 www. binarystream. com 12/8/2020 Slide 1

Agenda 1. 2. 3. 4. 5. 6. 7. 8. 9. 12/8/2020 Introduction What is Multi-Entity Management? Point 1 - Reporting in MEM Point 2 - Invoice Tracking Point 3 - Intercompany Transactions Point 4 - Month-end Point 5 – IT upgrade Costs in time and $ Bonus Point – AP Check Run Q&A Copyright Binary Stream Software Inc. 2017 Slide 2

Introduction Don Ramsay A CPA certified accountant with 26 years of experience and 5 years as a Dynamics GP consultant, Don brings a wealth of experience to his role as Solutions Consultant here at Binary Stream. 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 3

Binary Stream § Award winning Microsoft Gold Certified partner § +15 years of continuous investment in R&D § PROFIT 200’s list of Canada’s Fastest-Growing Companies § +1, 500 end users | +300 partners worldwide § Consistently ranked in the top 5% of Microsoft partners worldwide § 700% growth in past seven years 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 4

What is Multi-Entity Management ? Multi-Entity Management (MEM) from Binary Stream does what no other solution can – it allows Microsoft Dynamics GP users to manage any number of corporate entities within a single company database. Why is this important? By having consolidated data in one database, Multi-Entity Management customers across many industries are able to shave hundreds of hours every year from their accounting, finance, and IT processes and to gain powerful insight into corporate performance even in complex fast-growing multi-company environments: 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 5

Point #1 Manually consolidating reports is extremely time consuming 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 6

Reporting in MEM ØWith MEM you’re only reporting from one database as opposed to multiple databases ØThere’s no longer a need to repetitively run reports on each company, consolidate then re-run reports ØNo need to verify that all month-end transactions were processed in each database 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 7

Point #2 Chasing down unpaid invoices is a huge pain 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 8

Invoices & ad hoc queries ØNo need to play Sherlock Holmes trying to track down which company the invoice is in. One database = one source for all of your data ØNo need to disrupt your workflow when processing invoices by having to log in and out of databases 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 9

Point #3 Intercompany transactions require a lot of unnecessary effort 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 10

Intercompany transactions ØEnter the transaction and automatically have it posted in the destination company, much less time consuming! ØView the destination company and distributions from the originating company, allowing traceability when you need it 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 11

Point #4 Month-end is a major headache 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 12

Month-end closing ØNo need to gather data and reports from each database and no logging in and out ØMuch less time tracking down miscoded transactions and unbalanced GL accounts when you’re rushing to close the month off 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 13

Point #5 Your upgrade is going to be long, expensive, and you’re going to be down a couple days 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 14

IT Costs ØConsider the facts, upgrading one database is going to take X amount of time. Multiply that time by the number of databases and you’ve got an expensive situation ØReduced downtime during upgrades, and we all know that time = money 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 15

Bonus I wish I didn’t have to flip between so many databases just to do a check run 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 16

Accounts payable ØYou no longer have to create a separate check run for each company ØRegardless of whether you’re doing centralized or decentralized processing, you only have to do one check run 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 17

Don’t just take our word for it “We have been able to reduce 140 GP databases down to just 4 and now have the ability to easily run analyses across multiple entities, in addition to saving time switching between entities. ” Stephen Kai Corporate Controller, Jim Pattison Group 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 18

Don’t just take our word for it “By moving 50 locations off of Oracle to Dynamics GP with MEM we are saving at least $70 k per year!“ – Bill Breitenback, IT Director of Signature Healthcare “MEM helps us manage inter-company transactions, has streamlined our accounting, eliminated a lot of redundant activities and has helped bring our organization forward “ – Andrew Borzumato, Accounting Manger, Mission Health 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 19

The MEM Bridge The MEM “Bridge” is a MEM module that allows multi-entity companies with differing Functional Currencies Fiscal Year Ends Chart of Account Structures Inventory Valuation Methods to operate as if they were in one single database 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 20

MEM Bridge does not consolidate databases with the aforementioned constraints. It does however, enable them to function as if it were a single database. 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 21

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Questions & Answers www. binarystream. com 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 23

Contact us For more information, please contact: Binary Stream Software Office: 1 -604 -522 -6300 Email: sales@binarystream. com 12/8/2020 Copyright Binary Stream Software Inc. 2017 Slide 24