Revitalizing OUAI's Demand Planning & Reporting with MindStream Analytics
Known for its luxurious hair and skincare products, OUAI has garnered a distinguished clientele, including the Kardashians. As a brand of distinction and quality, OUAI represents the pinnacle of beauty industry achievements. Their recent acquisition by the titan of the industry, Procter & Gamble (P&G), further accentuates their success and trajectory.
The Challenge:
Despite their notable success in the beauty arena, OUAI encountered significant challenges behind the scenes. Their existing solutions fell short in delivering effective demand planning. Struggles with inventory management compounded the situation. With a need for multiple forecasting versions and precise reporting for board presentations, their existing infrastructure was ill-equipped to meet these demands.
The Solution by MindStream Analytics:
MindStream Analytics took a holistic approach to address OUAI's challenges:
-
1. Units x Price & Demand Planning: By leveraging the capabilities of NetSuite, a seamless integration for unit-based demand planning was executed. This revolutionized how OUAI managed its inventory and addressed demand fluctuations.
-
2. Robust 'What-If' Analysis & Reforecasting/Scenario Planning: MindStream's solution equipped OUAI with tools to anticipate market changes and adapt accordingly. This forward-thinking capability allowed them to model different scenarios and optimize their planning process.
-
3. Smart View Reporting Solution: Ensuring that OUAI's board is equipped with precise, concise, and informative reports, the Smart View solution transformed their reporting process, making it more efficient and insightful.
Achievements and Ongoing Engagement:
OUAI's collaboration with MindStream Analytics did not go unnoticed. The seamless integration and the dramatic improvement in operational efficiency led them to win a coveted 'Spotlight Award'.
Moreover, the company has adopted the tool extensively, discussing enhancements, including demand planning and revenue bolt opportunities. As a cherry on top, OUAI now confidently uses the solution to provide comprehensive reporting to their new parent company, P&G, ensuring transparency and alignment.
MindStream Analytics and OUAI's collaboration showcases the transformative power of strategic technological intervention. By bridging the gaps in OUAI's demand planning and reporting processes, MindStream Analytics not only streamlined operations but also fortified the high-end brand's position in the competitive beauty industry.
Partner SpotLight
NetSuite SuiteSuccess
NetSuite SuiteSuccess offers a pathway for businesses to succeed by engaging with them continuously throughout their lifecycle. NetSuite delivers a unique set of processes, activities, and systems designed to deliver rapid value. Customers are equipped to make the most of their NetSuite investment quickly and are able to expand towards next-generation solutions to meet changing business needs.
Case Studies
Accumen
Thanks to the intervention of MindStream Analytics, Accumen's Finance department can now model their business with a new, more organized structure that isn't conventionally available in NetSuite.
Acme Brick
Acme Brick turned to MindStream Analytics for help implementing OneStream to replace their outdated TM1 solution.
Alterra
Alterra sought the expertise of MindStream to address the challenges they faced in their Capital Planning process.
ATCO Group
Energy conglomerate ATCO operates worldwide in utilities, power generation, and related services.
Avalon
Working with MindStream Analytics, Avalon Healthcare Solutions adopts NetSuite Planning and Budgeting to accelerate budgeting and forecasting processes.
Bayer Health Care
Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..
BluEarth
MindStream Analytics' partnership with BluEarth Renewables epitomizes the power of technology and collaboration.
Celgene
An Oracle Hyperion Planning Upgrade provides multi-national organization Hyperion Application optimization and stabilization.
Cleaver Brooks
OneStream XF was chosen as the platform that would transform Cleaver-Brooks' Finance processes.
CoorsTek
The collaboration between CoorsTek and MindStream resulted in significant improvements in CoorsTek's financial consolidation and reporting processes.
Elite Body Sculpture
MindStream Analytics' collaboration with Elite Body Sculpture encapsulates the transformative potential of targeted tech solutions in streamlining administrative processes.
Enlyte
Enlyte, a merger of Mitchell, Genex, and Coventry, faced challenges with disparate financial solutions and the need for combined reporting.
Flanders
MindStream Analytics collaborated with Flanders to implement OneStream Consolidation and Reporting solution.
Foley Products
Foley Products was facing a significant challenge with its Excel-based actual management reporting system.
Harte Hanks
The collaboration between MindStream Analytics and Harte Hanks culminated in a highly customized, user-friendly NetSuite implementation.
Interface
Interface used a complex, manual, excel-based FP&A process for monthly review, and the summary data was loaded in OneStream.
Kymera International
Thanks to Mindstream Analytics' assistance, Kymera was able to load all of their data into OneStream and validate it successfully.
MacLean Fogg
MacLean-Fogg partnered with MindStream, a leading implementor specializing in modernizing and optimizing enterprise systems.
MEPPI
MindStream's expertise and experience were sought to conduct a vendor selection initiative focusing on MEPPI's F2023 planning process.
OUAI
MindStream Analytics and OUAI's collaboration showcases the transformative power of strategic technological intervention.
Plaskolite
By migrating to OneStream, Plaskolite has achieved a material reduction in consolidation time and overall Financial Close cycle, eliminated the hours spent compiling and verifying data in Excel, streamlined its Planning, Budgeting and Forecasting model and delivered flexible and timely reporting that enables more strategic analysis of their financial data.
Redwire
Understanding the nuances of Redwire's challenges, MindStream Analytics devised a holistic approach to overcome them. The implementation of NetSuite was just the beginning.
Simon
Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.
Source Code
The successful transition to OneStream revolutionized Source Code's financial reporting.
Subway
Subway collaborated with MindStream Analytics for the NetSuite Analytics Warehouse implementation.
UPenn
MindStream Consulting and AppCare team members are proud be working side by side with UPenn university in accomplishing this implementation and along with continuing our AppCare services after go-live.
USG
USG was an Oracle Hyperion customer realizing that it needed more specialized support for its various Oracle Hyperion applications.
Vantiv
Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.
Versant Health
Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.
Virginia Spaceport Authority
The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.
WeWork
MindStream Analytics determined that the best solution was to implement Oracle Essbase Cloud as part of the Oracle Analytics Cloud (OAC) platform-as-a-service
WindStream
Innovative use of essbase to streamline and connect hyperion financial management for enhanced financial analysis.
XY Planning
MindStream Analytics, well-versed in addressing such challenges, presented a comprehensive Netsuite solution for XY Planning.