Redwire Case Study | MindStreamAnlytics.com

Case Study

Client Name:

Redwire

Industry

Manufacturing

Solution

NetSuite Planning and Budgeting

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Find out more about Redwire's NetSuite Planning and Budgeting project?

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Redwire Transforms Reporting & Budgeting with MindStream Analytics and NetSuite

Redwire is at the forefront of space exploration, specializing in creating pivotal parts for spacecraft. Positioned as a leader in a high-growth industry, the company is making leaps and bounds in its domain.

As Redwire expanded through acquisitions, the company needed a better way to unify reporting, budgeting, and analysis across a growing group of businesses. MindStream Analytics helped build a more connected finance environment that could support both rapid growth and more efficient operational decision-making.

Because many acquired businesses were operating with different systems and structures, the finance team needed a solution that could bring order to complexity without slowing the organization down. Redwire needed better consolidation, better collaboration, and better insight to support a business moving quickly in a demanding industry.

The Challenge:

Navigating a highly acquisitive environment, Redwire was grappling with numerous challenges. Its finance organization needed a faster and more centralized way to work across multiple subsidiaries while preserving the flexibility required in a fast-moving industry.

Multiple subsidiaries and entities operating on varied ERP systems.

A pressing difficulty in efficiently and swiftly reporting consolidated company figures.

The need for agility in a rapidly expanding industry, made cumbersome by existing systems.

Budgeting processes needed to become faster, more centralized, and easier for many contributors across the organization to use.

The Solution

Understanding the nuances of Redwire’s challenges, MindStream Analytics devised a holistic approach to overcome them. The implementation of NetSuite was just the beginning, with a broader focus on unifying structures, accelerating reporting, and improving collaboration across teams.

The solution was designed not only to support immediate consolidation needs, but also to create a stronger foundation for ongoing integration of new subsidiaries, deeper analysis, and more advanced budgeting and forecasting capabilities.

By centralizing budgeting and improving access to consistent reporting structures, Redwire gained a more practical way to coordinate planning across teams. This gave finance leaders and department heads a shared environment for submitting budgets, reviewing information, and analyzing scenarios more effectively.

Key solution components included:

A bespoke integration solution was developed, facilitating the seamless merging of data from multiple companies into a unified chart of accounts and reporting structure.

Consolidated reporting became not only feasible but efficient, providing insights that were previously obscured by disjointed systems.

The integration of Smart View became a game-changer, empowering Redwire to conduct in-depth analysis across different companies and drill into data specifics.

The budgeting process underwent a massive overhaul, becoming markedly faster and more centralized.

A significant number of controllers and departmental heads were enabled to submit budgets into one integrated solution.

The system introduced advanced capabilities such as what-if analysis, allowing Redwire to generate mid, best, and worst-case versions for both budgets and forecasts.

The Result

The transformation was monumental. Phase I centered on refining reporting mechanisms and overhauling the general budgeting process so Redwire could operate more effectively across its evolving acquisition landscape.

The project delivered not only immediate process improvements, but also ongoing strategic value that strengthened the long-term relationship between Redwire and MindStream Analytics.

Redwire opted to become an AppCare client after the implementation.

The company continued to rely on MindStream Analytics, especially when integrating new subsidiaries after acquisitions.

Consolidated reporting became more efficient across the organization.

Budgeting became faster and more centralized.

Controllers and departmental heads were able to collaborate through one integrated planning environment.

What-if analysis improved Redwire's ability to compare mid, best, and worst-case planning scenarios.

The new finance foundation gave Redwire stronger support for continued growth in a highly acquisitive and fast-moving industry.

Phase I successfully refined reporting mechanisms and overhauled the general budgeting process, giving the business a stronger operational base for future acquisitions.

The project also made it easier for Redwire to maintain agility while improving the consistency, speed, and depth of financial insight available across the broader organization.

Why was consolidation difficult for Redwire?

Redwire was working across multiple subsidiaries and entities that operated on different ERP systems, making unified reporting harder to produce quickly.

What analytical tool was highlighted in the solution?

Smart View was a major part of the solution because it enabled deeper cross-company analysis and drill-down into data specifics.

How did budgeting improve?

Budgeting became faster, more centralized, and more collaborative, with many controllers and departmental heads able to submit into one integrated solution.

Did the relationship continue after implementation?

Yes. Redwire became an AppCare client and continued to rely on MindStream Analytics for post-acquisition integration support.