Flagship Pioneering Case Study

Case Study

Client Name:

Flagship Pioneering

Industry

Health Care

Solution

NetSuite Planning and Budgeting

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

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Flagship Pioneering Innovates Financial Planning with NetSuite and MindStream Analytics

Flagship Pioneering, a biotechnology incubator with a broad portfolio of subsidiaries, needed a more integrated planning and budgeting environment. MindStream Analytics implemented NetSuite Planning and Budgeting to help unify data, improve security, and support enterprise-level planning.

The Challenge:

Flagship’s structure and growth created planning challenges around integration, data sharing, and maintaining secure access across many subsidiaries.

There was no integrated planning and budgeting platform directly connected to NetSuite ERP.

Forecast and budget management needed a more unified and centralized process.

The organization needed to share data across subsidiaries without violating internal access policies.

The Solution

MindStream implemented NetSuite Planning and Budgeting with direct ERP integration, centralized data access, and strong dimension- and cell-level security.

Key solution components included:

Configured NetSuite Planning and Budgeting with direct integration to NetSuite ERP for automated data and metadata loads.

Created a centralized planning application for actuals, forecasts, and budgets.

Applied dimension-level and cell-level security to protect restricted data across subsidiaries.

Adjusted dimensionality and added custom dimensions to support complex intercompany forecasting.

The Result

The implementation gave Flagship a tightly integrated planning hub that improved consistency, supported enterprise planning, and handled complex intercompany needs more effectively.

Created a single integrated location for planning and budgeting needs.

Enabled enterprise-level planning across multiple companies.

Improved data integrity and security across subsidiaries.

Made forecasting for complex intercompany activity more manageable through custom dimensionality.

What is dimension-level security?

Dimension-level security controls which members or slices of data a user can access inside a planning or reporting model.

What is cell-level security?

Cell-level security restricts access to specific data intersections, allowing more precise control over who can view or edit certain values.

Why integrate planning directly with NetSuite ERP?

Direct ERP integration keeps planning data current, reduces manual updates, and improves consistency between actuals and forecasts.

What are intercompany transactions in planning?

Intercompany transactions are financial activities between related entities that often require special treatment in planning, reporting, and consolidation.