Wiise partners with Binary Stream to enhance ERP platform

Wiise has announced a strategic partnership with Binary Stream to enhance its cloud enterprise resource planning (ERP) platform for small and medium-sized businesses.

The partnership aims to expand Wiise's capabilities beyond basic multi-entity management by integrating Binary Stream's solutions for managing complex groups of companies. This integration will allow users of the Wiise platform to handle complex organisational structures, such as parent and subsidiary or franchise configurations, within a single consolidated system.

Users of Wiise will benefit from the ability to securely manage user access across multiple companies and facilitate intercompany transactions across various business functions including finance, service, projects, and manufacturing. The platform will support the management of multiple currencies and provide real-time consolidated performance reports for both individual entities and groups of companies.

The integration is set to reduce administrative burdens, minimise the risk of errors in finance teams, eliminate data duplication for suppliers and vendors, and streamline operations across multiple entities, thereby supporting capital management and business growth.

As Australian businesses seek to modernise and restructure complex operations, this partnership between Wiise and Binary Stream is positioned to meet such requirements effectively within a unified, scalable system.

Lak Chahal, CEO of Binary Stream, remarked, "Given the growing global demand for ERP solutions, we see tremendous opportunity in the Australian market. Having a partner like Wiise that understands the local market requirements and has a strong relationship with KPMG Australia is a significant advantage for Binary Stream. Our goal is to reach as many Australian businesses as possible, and partnering with Wiise perfectly aligns with this vision."

Charlie Wood, CEO of Wiise, commented, "Binary Stream has a long history of building robust solutions on the Microsoft platform. Coupling Wiise's enhancements of the Microsoft Business Central platform with Binary Stream's multi-entity-management delivers an incredibly powerful solution that scales with businesses as they grow. Both our organisations share the core values of understanding the unique needs of our customers and supporting them with robust tools that minimise complexity and streamline operations."

Additionally, Wiise has announced a collaboration with Datacom New Zealand as a service partner to cater to the specific needs of New Zealand businesses. This partnership aims to ensure the seamless integration of Wiise's ERP software with existing business operations in New Zealand.