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This study by independent advisory firm Nucleus Research is an invaluable tool for anyone looking to purchase, upgrade or replace a performance management system.
The Nucleus Research CPM Technology Value Matrix evaluates vendors based on greater usability and better functionality of their solutions. The research is intended to deliver a relevant snapshot of the CPM technology market rather than serve as an empirical ranking of the vendors.
Here’s what Nucleus Research had to say about Vena:
“Vena Solutions is a leader in this year’s CPM Value Matrix, recognized for its Vena Complete Planning Platform, which caters to enterprises of all scales. Vena is differentiated by its Excel compatibility and bi-directional connectors with both Microsoft Excel desktop and Microsoft 365. Vena employs Excel’s computational functions, formulas, and layout options, linked to a central analytical database (Vena CubeFlex™) and collaborative workflows. This approach ensures widespread user acceptance, adaptable modeling, and analytical and audit functionalities.”
The research found that solution breadth remains a big focus for buyers in the CPM market. CPM solutions typically address FP&A, financial consolidation and are now including extended planning for non-finance departments, ESG tracking and reporting, account reconcilation, tax management, treasury management, analytics and reporting functionality all part of the Vena Complete Planning platform.
Vena Solutions continues to be a leader in the Value Matrix, for the 11th consecutive year. With its widespread user acceptance, adaptable modeling and analytics and audit functionalities, Vena continues to aid clients in identifying, prioritizing and confidently adjusting to shifts and changes in the market. Helping clients to further streamline and elevate financial and operational planning and empowering clients to make decisions based on data and valuable insights.”
Charles Brennan
Research Analyst at Nucleus Research