folio3

Customer Success Story

Oro Vista Farms

Folio3 helped Oro Vista Farms implement NetSuite SuiteSuccess Financials Standard with 16-subsidiary setup, ranches as departments for multi-location tracking, cost per acre reporting in Analytics Warehouse with AI assistance, multi-step vendor bill approvals, statistical accounts, and installment sales for their US farming operations.

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Oro Vista Farms

Company

Oro Vista Farms

Company Size

51-100

Industry

Agriculture

Region

US

NetSuite Services

NetSuite SuiteSuccess Financials Standard

All NetSuite Solutions and Modules

Advanced Financials

Application replaced

-

About Oro Vista Farms

  • US-based agricultural company with 16 subsidiaries across multiple farm locations.
  • Diversified farming operations including pistachios, orchards, and ranches.
  • Multi-entity structure with fully operational and partially owned subsidiaries.
  • Complex ownership arrangements including joint ventures.

Oro Vista Farms & NetSuite

With NetSuite implementation, Oro Vista Farms:

  • Consolidated 16 subsidiaries on unified ERP platform with single currency.
  • Tracked custom fields for agricultural cycles and crop years.
  • Implemented acre-based expense tracking and ranch location management as departments.
  • Enabled multi-step vendor bill approval routing across subsidiaries.

Summary

Oro Vista Farms operated 16 subsidiaries through disconnected systems, creating challenges with financial consolidation, crop cycle tracking, and multi-subsidiary vendor bill approvals across their diverse agricultural portfolio.

Folio3 implemented NetSuite SuiteSuccess Financials Standard with ranches as departments, Analytics Warehouse with AI assistance for cost per acre reporting, multi-step approval workflows, and custom segments for agricultural tracking needs.

Oro Vista Farms achieved unified financial management across all entities with automated vendor bill approvals, cost per acre visibility across crop cycles, and AI-powered analytics for farming operations.

The Challenges

  • Struggled with financial consolidation across 16 farm subsidiaries and entities.
  • Could not track operating expenses per acre across different crop cycles.
  • Lacked multi-step approval routing for vendor bills with category-based approvers.
  • Had no way to accommodate multiple subsidiary location requirements with departments.
  • Could not generate cost per acre reports with visual data representation.
  • Had no system for statistical accounts and expense allocations across farms.
  • Struggled with manual vendor bill capture and input processes.
  • Lacked installment sales capability across multiple periods.

Solution

Oro Vista Farms partnered with Folio3 to implement NetSuite SuiteSuccess Financials Standard, along with NetSuite Analytics Warehouse and Bill Capture add-ons.

Our implementation purpose was to address the specific challenges faced by multi-subsidiary agricultural operations with complex ownership structures and acre-based cost tracking requirements. Our solution focused on:

  • 16-subsidiary setup with single currency (USD) and multi-subsidiary vendors and customers.
  • Ranches configured as departments for multi-subsidiary location requirements.
  • Custom segments utilized for additional segment needs.
  • NetSuite Analytics with cost per acre report showing operating expenses across crop cycles.
  • NetSuite Analytics Warehouse with AI assistance and high reporting capabilities.
  • Custom segments brought from NetSuite to NSAW for enhanced reporting.
  • Multi-step vendor bill approval workflows with vendor category based approvers.
  • Statistical Accounts, Expense Allocations, Amortizations and Budgets implementation.
  • Transaction Email Capture for scan and email vendor bill input.
  • Installment sales feature for payment terms across multiple periods.
  • Custom crop year fields in Payables for cycle tracking.
  • Bill split and allocation functionality across entities.

Results

With NetSuite SuiteSuccess Financials Standard Implementation, Folio3 helped Oro Vista Farms achieve the following:

  • Operations now run on unified NetSuite platform across 16 subsidiaries.
  • Cost per acre reports now show operating expense breakup across crop cycles.
  • Vendor bill approvals now route automatically based on category and subsidiary.
  • Ranches now function as departments with multi-location expense tracking.
  • Analytics Warehouse now provides AI-assisted insights for agricultural operations.
  • Custom segments now flow automatically from NetSuite to NetSuite Analytics Warehouse (NSAW).
  • Statistical accounts now track non-financial agricultural metrics.
  • Amortizations and budgets now support long-term agricultural planning.
  • Vendor bills now capture through scan and email functionality.
  • Installment sales now process payments across multiple periods.
  • Financial consolidation now covers all entities with consistent reporting.
  • Multi-subsidiary vendors and customers now track in single currency.

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