Elite Body Sculpture Case Study

Case Study

Client Name:

Elite Body Sculpture

Industry

Health Care

Solution

NetSuite Planning and Budgeting

Find Out More

Find out more about Elite Body Sculpture's NetSuite Planning and Budgeting project?

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Elite Body Sculpture Modernizes Budget Management with NetSuite Planning and Budgeting

Elite Body Sculpture, known for its AirSculpt body contouring treatment, needed a more connected and accurate budgeting and reporting process behind its fast-growing operations. MindStream Analytics helped modernize finance with a NetSuite Planning and Budgeting solution.

The Challenge:

Elite Body Sculpture was relying on disconnected Excel budgeting, time-intensive reporting, and limited use of ERP actuals in forecasting and budget management.

Budgeting was localized in Excel and lacked a connected planning infrastructure.

Reporting was time-consuming and still prone to error.

Budgets and forecasts were not being cleanly based on ERP actuals.

The Solution

MindStream implemented NetSuite Planning and Budgeting with workforce and allocation capabilities to centralize actuals, budgets, forecasts, and reporting.

Key solution components included:

Implemented NetSuite Planning and Budgeting with Standard, Workforce, and Indirect Expense Allocation modules.

Improved complex reporting, including reconciliation of balance sheet amounts.

Integrated the tool directly with NetSuite ERP for real-time actuals, budgets, and forecasts.

Used SmartView for Office so users could input planning data and enhance ERP data with operational details like case counts by subsidiary.

The Result

The implementation helped Elite Body Sculpture replace spreadsheet-heavy processes with a more reliable planning and reporting environment, including a stronger cash flow proof process.

Improved adoption of a centralized planning and reporting system.

Made monthly reporting more repeatable and less time-intensive.

Enhanced cash flow reporting with a more robust tool-based process.

Improved accuracy by blending calculated actuals with controlled planning inputs.

What is NetSuite Planning and Budgeting?

NetSuite Planning and Budgeting is a cloud planning solution for budgeting, forecasting, reporting, and scenario analysis.

What is SmartView for Office?

SmartView for Office is a reporting and data-entry tool that connects Excel and other Microsoft Office apps to planning and reporting platforms.

Why connect ERP actuals to planning?

Connecting ERP actuals to planning improves accuracy, reduces manual updates, and keeps forecasts tied to real operational performance.

What is expense allocation in budgeting?

Expense allocation is the process of distributing shared or indirect costs across subsidiaries, departments, or other business units using defined logic.