Redwire Transforms Reporting & Budgeting with MindStream Analytics and NetSuite
ShapeRedwire 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
Navigating a highly acquisitive environment, Redwire was grappling with numerous challenges:
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 their existing systems.
Understanding the nuances of Redwire's challenges, MindStream Analytics devised a holistic approach to overcome them. The implementation of NetSuite was just the beginning:
A bespoke integration solution was developed, facilitating the seamless merging of data from multiple companies into a unified Chart of Accounts (COA) 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. It empowered Redwire to conduct in-depth analysis across different companies and delve deep into data specifics.
Their budgeting process underwent a massive overhaul, becoming markedly faster and more centralized. A significant number of controllers and departmental heads were now enabled to submit budgets into
one integrated solution.
The system's flexibility introduced advanced capabilities, like "what if" analyses, allowing Redwire to generate mid, best, and worst-case versions for both budgets and forecasts.
The transformation was monumental. Phase I centered on refining reporting mechanisms and overhauling the general budgeting process. As a testament to the value derived from this partnership, Redwire opted
to become an AppCare client. They continue to rely on MindStream Analytics' expertise, especially when integrating new subsidiaries post-acquisition.
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