Rapidly Reconcile Your Accounts

It takes companies an average of 20.5 days to reconcile their accounts.

Manual processes, such as reviewing hundreds of spreadsheets each month, slow you down and prevent you from closing the books on time. Keying in data also leads to errors that make your financial statements unreliable.  

Vena automates the entire account reconciliation processes—from ensuring that entries are accurate and approved to preparing financial statements. With Vena, you can close the books 50% faster while gaining accurate numbers—all within Microsoft Excel.

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Reduce manual data entry by up to 75%

You likely reconcile hundreds—if not thousands—of accounts each month.  

Vena eliminates the need to store this data in separate Excel spreadsheets that are difficult to track and manage. Instead, Vena gives you one, central database that users across your company can easily access. The secure database is updated in real time, reducing your need for manual data entry by up to 75 percent. 

You can also integrate Vena with any ERP or GL system so users won’t need to work across multiple platforms or risk keying errors; improving the integrity of your data while eliminating version control issues.

Close Task List Vena Solutions Demo

Close Status Tracker Vena Solutions Demo

Gain complete visibility into your account reconciliation workflows

Vena’s workflow, notification, and audit trails make it easy to monitor and control your account reconciliation processes. With Vena, you can:

  • Log into a dashboard to monitor entities, reviews, and approvals.
  • Trace entries and changes to their associated users, reviewers, and approvers.
  • Send automatic reminders to users when they need to start, revise, or complete a task.
  • View user logs to quickly identify bottlenecks and take action to correct them.

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Automating and Accelerating Your Account Reconciliations

Don’t give up Microsoft Excel (make it more powerful, instead)

With Vena, you don’t need to sacrifice the familiarity of Microsoft Excel—or the hundreds of models, formulas, and templates that you’ve customized over the years. Vena makes it easy to perform all of your account reconciliation processes from within Excel.

  • Automate your workflows so data at the entity level is reviewed, approved, and submitted in a timely manner.
  • Minimize mundane tasks so you have more time for value-added financial analysis.
  • Easily and quickly compare general ledger account balances with sub-ledgers, such as accounts receivable and sales ledgers.
  • Automate reconciliation of cash between book and bank balances.

“With Vena, we have significantly improved the timeliness and accuracy of our monthly financial close and have saved 2,000+ hours on our annual audit process.”

Andy Dickson
Controller
  • Pinnacle Agriculture

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“Thanks to Vena, we cut costs and experienced a 6-day reduction in our month end close time.”

Andrew Kennedy
Chief Financial Officer
  • Capstone

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Why Vena?

Eliminate bottlenecks

Automation removes inefficiencies that threaten the accuracy and timeliness of your financial close & financial statement reporting.

Accelerate reconciliations

Vena customers reduced their reconciliation time by 7 days, giving them more time for value added data analysis. 

Cut your costs

Save money by eliminating manual processes and the need to reconcile data against printed spreadsheets.