Case Study: DynaLIFE Dx centralizes lease management and gains IFRS 16 compliance with Binary Stream

DynaLIFE centralizes lease management for over 30 locations

DynaLIFE, a medical lab services provider with more than 30 locations across Alberta, struggled with time-consuming, error-prone lease administration for numerous equipment and property leases. To centralize and automate lease management while meeting IFRS 16 requirements, DynaLIFE selected Binary Stream’s Property Lease Management solution integrated with Microsoft Dynamics.

Binary Stream implemented a centralized lease database that automates ROU asset/liability calculations, invoice generation, and integrates with Microsoft Dynamics, drastically reducing manual work and human errors. As a result, Binary Stream helped DynaLIFE effectively centralize lease management across 30+ sites, enable IFRS 16 compliance, and save significant monthly labour hours for the accounts team.

DynaLIFE Dx

Xin Li

Senior Accountant