Excel interface drives highest customer satisfaction ranking for solutions administrators.
June 14, 2016 (Albany, NY) – Vena Solutions, the fastest growing provider of cloud-based corporate performance management (CPM) software, is proud to announce that BPM Partners has named the company a Core Vendor and leader in customer satisfaction in the CPM market. In its 2016 Pulse of Performance Management Survey, the renowned research firm gave Vena top marks for customer satisfaction, and the highest satisfaction score (4.5 out of 5.0) for solutions administrators.
The BPM report comes on the heels of the 2016 CPM Value Matrix from Nucleus Research, which named Vena a market leader alongside industry giants including IBM, Oracle and SAP. Combined, the two reports illustrate Vena’s growing reputation for customer satisfaction, industry-leading growth and the functionality and usability of its performance management solutions.
“With our success a direct function of our customers’ satisfaction, we’re delighted to receive such high scores from those very customers,” said Don Mal, CEO of Vena Solutions. “Given the importance of administrators in the performance management process, we’re particularly thrilled that Vena got their top stamp of approval.”
The primary driver behind Vena’s leadership – and its main competitive advantage – is its use of native Excel as an interface into companies’ performance management data. The company credits Excel’s familiarity, flexibility and widespread use for the high adoption and rapid implementation of its solutions.
“These results clearly validate our decision to embrace Excel as the best way to drive user satisfaction and adoption,” added Mal.
“We’ve been watching Vena’s rapid growth trajectory over the past few years so we’re not surprised at their high satisfaction ratings,” said Craig Schiff, President and CEO of BPM Partners. “By building a cloud-based performance management solution around Excel, it was inevitable that users – and especially administrators – would find Vena easy-to-use, both inside and beyond the finance department.”
About Vena Solutions (www.venasolutions.com)
Vena turns Excel into an enterprise-class business solution with a centralized database and features including workflow, version control and a detailed audit trail. With Vena, hundreds of leading global brands now get trusted numbers and insights – fast – without sacrificing the significant investments they’ve already made in Excel templates, models and templates. They use Vena for corporate performance management (CPM) applications including budgeting, forecasting, financial close and reporting, in addition to managing business drivers and KPIs outside of finance. Vena is the fastest growing cloud CPM vendor, and the only one to embrace – not replace – Excel spreadsheets.
About BPM Partners (www.bpmpartners.com)
BPM Partners is the leading independent authority on business performance management (BPM) and related business intelligence solutions. The company helps organizations address their budgeting, planning, financial reporting, regulatory compliance, profitability optimization, key performance indicator (KPI) development, and operational performance challenges with vendor-neutral experts who can guide companies through their BPM initiatives from start to finish while both reducing risk and minimizing costs. Follow BPM Partners on Twitter @BPMTeam.
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