Mariani Premier Group achieves full financial visibility with Netgain

Disjointed, time-consuming processes  

Before adopting Netgain solutions, Mariani encountered several challenges:  

• Time-consuming manual processes: Each subsidiary handled financial tasks primarily through Excel spreadsheets, leading to inefficiencies, long hours for accounting teams, and an increased chance of inaccuracies.  
• Regulatory compliance: The company needed a robust system to comply with ASC 842 lease accounting standards for each subsidiary.  
• Lack of centralization: Mariani sought a way to centralize fixed asset management for each subsidiary so they could stop relying on spreadsheets.  
• Loan management complexities: Managing multiple loans manually proved to be cumbersome and error prone.  

Visibility into all the subsidiaries’ assets was a major challenge for Mariani, as many of them were tracking these in Excel spreadsheets.  

Another hurdle was having all the data auditors needed on hand. When auditors asked for fixed asset roll-forward schedules, each company needed to pull together the report and provide it to the auditors.

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Centralization of assets, leases, and loans

To address these challenges, Mariani implemented a suite of Netgain tools:

• NetLease: Guaranteed compliance with ASC 842, simplifying lease accounting processes
• NetAsset: Centralized fixed asset management, enhancing audit preparation and overall accuracy
• NetLoan: Automated loan schedules and journal entries, significantly reducing manual workload (one subsidiary saves up to 208 hours per year)

The Mariani team’s number one deciding factor was that Netgain solutions are fully embedded in NetSuite, so they don’t require complex integration. This makes the centralization of financial data seamless while allowing for customization.  

“We're able to kind of customize things for specific people so that they can keep track of things in the way that it makes sense for them,” Katie explains.  

Katie spearheaded the Netgain rollout, ensuring the team was well-trained to handle data imports and tool usage independently. Because Mariani continues to acquire companies, it was a priority for Katie to understand how to implement Netgain for each new subsidiary.  

“Learning by experience with somebody [from Netgain] helping was really valuable for us and has helped us as we have been continuing to use those tools.” Katie says. “And every time we implement somebody to NetSuite, they get implemented in NetAsset and NetLoan. So now it's ingrained as part of our implementation process.”  

Additionally, the learning curve for the Netgain suite of products is easy for subsidiaries.  

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Time savings, financial accuracy, and audit readiness

The number one benefit Mariani has seen after implementing Netgain solutions is full visibility into each company’s assets, leases, and loans.  

“For us, it's the centralization of all those different functions,” Katie explains. “We have 20 different companies with 20 different accounting teams, and they're all doing their own thing. Once we get them into the tools, we have visibility and we can help them.”  

Additionally, Mariani has enjoyed the following results post-implementation.  

Streamlined lease accounting compliance with NetLease

Implementing NetLease allowed Mariani to comply with ASC 842 effortlessly for 600 leases. This tool eliminated the need for manual lease tracking, which was previously managed through spreadsheets and different systems. Compliance was a major goal for Katie, and NetLease allowed her to meet that goal.  

Centralized fixed asset management with NetAsset

NetAsset transformed Mariani’s approach to managing 1300+ fixed assets. By standardizing fixed asset roll-forward schedules, the company can respond to audit requests more efficiently. The goal for Katie is to get all subsidiaries in NetAsset to streamline reports and eliminate manual data gathering.  

Efficient loan management with NetLoan

NetLoan is the biggest time saver for Mariani and its subsidiaries, saving each company countless hours by automating loan management. With NetLoan, Mariani streamlined the creation of loan schedules and journal entries, which were previously done manually.

“One of our larger companies, they probably have about 40 loans that we put into NetLoan. And I would say, on a weekly basis, it's probably saving them 4 hours per week because they're not going through each loan schedule and determining which payment is this for and figuring out the principal and interest,” Katie says.  

This means the subsidiary saves about 208 hours per year.  

Ongoing platform support  

Ongoing support is a priority for Katie, as she knows she’ll continue to implement Netgain solutions for new subsidiaries and might run into questions.  

“When you roll off the implementation and you're on help desk support, sometimes you can struggle with getting answers and responses. I've never had that problem with Netgain,” she says.  

Katie says the Netgain support team has exceeded her expectations, responding to her requests within 24 hours and offering step-by-step guidance.  

“That's really unique and I really appreciate it,” she adds.  

Continuing to grow with Netgain

Since adopting Netgain tools, Mariani Premier Group has witnessed significant improvements in efficiency and accuracy. The automation and centralization they’ve achieved with Netgain have enabled Mariani to handle complex financial tasks with ease, supporting their ongoing acquisition strategy.  

With plans to implement NetClose next, Mariani Landscape continues to set the stage for further operational success and growth, leveraging Netgain as a trusted partner in their journey.

Wondering how Netgain’s solutions can streamline your accounting processes? Contact us for a demo today!