Hortonworks built its business on innovation. So from the get-go, it sought a finance solution that shared the same mindset. That’s why the open source data company turned to Adaptive Planning to complement its NetSuite cloud ERP solution.
Today, Hortonworks is one of more than 700 NetSuite customers that rely on Adaptive Insights for financial planning.
“We love the NetSuite connector,” proclaimed Dan Bradford, vice president of finance for Hortonworks. “We’re using it to make income statement reconciliations and quickly find and reconcile any variances so that I can focus on the most important nuggets of data. And at the end of each quarter, we import actual costs from NetSuite and give our board a complete corporate performance report.”
Indeed, teaming Adaptive Insights with NetSuite has been transformative for Hortonworks.
When Bradford arrived at the company several years ago, he immediately found challenges related to reporting and forecasting. Hortonworks was relying on a time-consuming and outdated FP&A solution that was no match for what he calls the dreaded “multies”—multiple entities, in multiple countries, handling multiple currencies.
Better forecasting pays off
Bradford and his team have leveraged Adaptive Insights to tackle a robust range of forecasting duties that reach well beyond pure financials, including managing employee growth.
“I use Adaptive to track new hires and who is slated to be hired,” Bradford said. “The ability to change a headcount assumption, and have it globally run through our entire business model to see the impact on payroll taxes or personnel allocations, is instantaneous with Adaptive.”
Bradford also cites a number of other advantages for combining Adaptive Insights with NetSuite:
- Drilldown analysis of KPIs
- More accurate and frequent planning and detailed what-if analysis
- Easy-to-update, 18-month rolling forecasting
“If Adaptive fell off the earth, it would be like cutting off my arm,” Bradford said. “I instantly knew Adaptive had return on investment. It’s top of mind for financial planning, and it allows me to spend much more time on really strategic things instead of jockeying spreadsheets for eight hours.”
Stay tuned here for more examples of how customers are using Adaptive Insights to help enhance NetSuite reporting and planning!