Case Study: Dermond Property Investments achieves consolidated multi-entity accounting, faster reporting and 50% lower bank fees with Binary Stream

Dermond Property Investments Takes Control of their Intercompany Transactions and Expands their Business

Dermond Property Investments, a family‑owned real estate investment firm with 11 legal entities, was struggling with time‑consuming intercompany postings, slow reconciliations and limited multi‑entity reporting while using QuickBooks. To address these challenges they selected Binary Stream’s Multi‑Entity Management and Property Site Management implemented alongside Microsoft Dynamics GP to replace their fragmented processes.

Binary Stream consolidated DPI’s 11 databases into a single system, enabled shared checkbooks and automated intercompany transactions and reporting, allowing financial statements to be pulled in minutes instead of a day or more. As a result, Binary Stream’s solution improved check‑run processing efficiency by 33%, reduced bank fees by 50% (cutting checkbooks from 11 to 2), freed staff time for other work, and enabled DPI to bring management of multiple properties in‑house without adding headcount.

Dermond Property Investments

Nora Pecor

Director of Finance