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Press Releases

2021

Vena Named #1 in Budgeting and Forecasting and Leader in Financial Close Software and CPM in G2 Summer 2021 Reports

G2 quarterly market reports are a trusted source for buyers looking to find the right software solutions that are highly rated by customers We’re proud to announce Vena’s first-place ranking in Budgeting and Forecasting Software as well as “leader” designations in the categories of Financial Close Software and Corporate Performance Management (CPM) in the recently released G2 Summer 2021 Reports. G2 is one of the most reliable platforms for peer reviews helping over 5 million monthly users make the right software and services choices for their businesses. “We’re thrilled to be recognized in G2’s quarterly Summer 2021 Report,” said Hunter Madeley, CEO at Vena. “It’s an honor to receive top ratings and to be voted as a market leader by our customers. Their ongoing support and positive experiences continue to drive us to better serve our mission of powering our customers’ Plan To Grow™.” Vena received a G2 score of 4.5 stars (Source: G2.com, Inc) for our Budgeting and Forecasting Software, earning us the top spot in this category. We also scored the same star rating in both the Top 10 Financial Close Software and CPM categories, earning us Leader Summer 2021 badges. We were rated highly for: ease of use and flexibility, speeding up the monthly close process, complete integrations with existing source systems, our native Excel interface and more. To read what reviewers had to say about using Vena, click here. Over one thousand of the world’s leading companies are choosing to grow with Vena Complete Planning—the only planning and analysis solution robust enough for enterprise-level scalability, performance and extensibility, yet simple enough for anyone at any organization to use. Customers who experience the power of Complete Planning to drive agile, business-wide planning, resilience and growth love sharing their stories with us. "We want to thank our customers who tell us how important ease of use, user adoption and innovative planning is to them,” said Rishi Grover, Co-founder and Chief Solutions Architect at Vena. “We value your feedback and positive experiences with Vena and will continue that focus across all areas of our business.” If you haven’t reviewed Vena yet, your insights are valuable to us. Click here to write a review on G2.com. About Vena Vena is the only Complete Planning platform that empowers and inspires business leaders and finance and operations professionals to plan to grow their businesses. Vena leverages the familiarity and flexibility of an Excel interface within the Vena Growth Engine, the SaaS platform and methodology that powers your plans and guides your journey to growth. Over 1,000 of the world's leading companies grow with Vena. For more information, visit venasolutions.com. Contact Kelly Anderson| SHIFT vena@shiftcomm.com

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Vena Releases Best Practice FP&A and CPM Solution To Help SaaS Companies Power Growth

Vena for SaaS is the ultimate planning foundation, made up of templates, data models, connectors and business logic to help SaaS businesses stay agile, connected and informed Vena, the Complete Planning platform loved by finance and trusted by business, today announced the release of Vena for SaaS, a pre-configured solution built to help SaaS companies power businesswide planning through every stage of growth. The SaaS industry continues to experience rapid growth and change with no signs of slowing down, making the ability to drive agile and informed decisions about how to invest in the business critical for success. However, planning processes plagued by disconnected spreadsheets, disparate data systems and endless rounds of manual updating can lead to inefficiencies, errors and lost time. From managing cash and analyzing profitability to sales pipeline planning, day-to-day operational planning and forecasting growth hires and investments, Vena for SaaS enables businesswide planning that connects companies to the critical early indicators and KPIs you need to drive resilience, agility and executional alignment in your financial and operational planning. Vena for SaaS combines industry best practices for FP&A and corporate performance management (CPM) with the Vena Growth Engine, connecting dots across the business to power agile revenue planning, workforce planning, driver-based budgeting, real-time reporting, analysis and more with automation, data integration and a native Excel interface. “As a SaaS company ourselves, we understand the business model,” said Rishi Grover, Chief Solutions Architect at Vena. “Our expertise coupled with the power of the Vena Growth Engine has allowed us to build an industry best practice solution tailor-made to support SaaS companies through every stage of growth—whether you’re looking to secure additional investment or aiming to go public. Not only that, you can get up and running in weeks, not months with pre-configured connectors, data models and business logic.” Vena for SaaS features the familiarity and flexibility of a native Excel interface with collaborative workflows, audit trails, secure preloaded templates, multi-dimensional modeling and analysis capabilities and a central database that automatically integrates data from financial, CRM, ERP and HRIS systems. SaaS companies can easily track the growth metrics that matter most—such as ARR/MRR, expansion, churn and LTV to CAC ratios. Plus, with interactive visualizations and business intelligence capabilities, you can share instant insights with your board, employees and investors to influence informed decision making and growth at every stage of the planning and reporting cycle. “Vena gives us the freedom to envision what our own growth looks like,” said Kristina Bittorf, FP&A Senior Manager at Sprout Social, a social media management solution. “We don’t have to fit into a ‘box’ or conform to a rigid reporting structure at all. It’s allowed us to get creative with how we look at the business so we can answer the tough questions and really help the company succeed.” To learn more about Vena for SaaS, click here. Contact Kelly Anderson | SHIFT Communications Vena@shiftcomm.com

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Vena Welcomes 1000th Customer

Vena celebrates powering and inspiring our one thousand customers’ Plan To Grow™ Vena recently celebrated an impressive milestone, reaching our one thousandth customer. They join an increasing number of companies across industries and around the world who are choosing to Plan To Grow™ with Vena. We’re honored that more and more companies are turning to Vena to streamline their growth with Vena Complete Planning and the power of unified data. From the very beginning, Vena’s value proposition has been to leverage the tools finance professionals know and love. Our cloud-native corporate performance management platform leverages the flexibility and familiarity of the world’s leading grid, Microsoft Excel, within the Vena Growth Engine—best-in-class technology and methodology helping businesses build resilience, agility and executional alignment into their financial and operational planning. We remain focused on investing in our customers and providing a market-leading customer experience and product. “This is a fun milestone to celebrate as we continue to serve our mission to power our customers’ Plan To Grow. We strive to delight customers from across industries and geographies,” says Vena CEO Hunter Madeley. “We value the trust each of our one thousand customers puts in us above all else and care deeply about helping them grow. We celebrate every new customer, but it’s wonderful to call out this sign post on our journey to serving thousands of customers.” The one thousandth customer milestone is the latest in a series of significant achievements for Vena in 2021: We raised $300 million in Series C funding to transform how businesses Plan To Grow, one of the largest minority rounds for a Canadian tech company led by Vista Equity Partners (“Vista”). We will use this funding to accelerate our growth and continue to provide a market-leading customer experience. This year, we are celebrating a decade of Vena. We’ve accomplished a lot over the last 10 years, are excited for what the future holds and are well-positioned for our next phase of growth. Our growing community of customers, partners, business leaders and finance and operations professionals came together in June to celebrate “Strength in Numbers” at our second annual virtual learning and conference experience, Vena Nation week, hosted on Plantogrow.com. As we continue on our own growth journey, our customers continue to be our primary source of learning and inspiration. We are proud that they are choosing to recognize us as a Customers’ Choice and Industry Leader. Vena was recently recognized with a 2021 Top Rated Award in the Corporate Performance Management category and awards for Best Feature Set and Best Customer Support by TrustRadius, and named a Customers’ Choice in the 2021 Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Planning & Analysis Solutions report. Vena was also recognized as a leader for the eighth consecutive year in the Nucleus Research, 2021 CPM Technology Value Matrix, ranking highest for greater usability. “We’ve certainly come a long way in our ten years of Vena. With a growing team of 450+ Venanites in Canada, the U.S. and U.K., wonderful Partners, $300 million in Series C funding to help us scale and customers who continue to inspire us with their successes, not only are we excited about our next phase of growth, we’re ready for it,” says Hunter. To learn how companies are powering their Plan To Grow with Vena, check out our Customer Stories.

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Vena Wins Multiple Comparably Awards | Vena

Comparably awards honor our Positive Workplace Culture and One Team Spirit at Vena At Vena, every voice and action matters. We are all active contributors to our culture and growth. Collaboration, transparency and trust form the foundation of our One Team culture. This is why we’re especially proud and honored to be the recipient of three Comparably Awards—Best CEOs for Diversity, Best Leadership Teams and Best Career Growth. Our recognition in these three categories is particularly rewarding considering that it’s direct feedback from our Venanites. Comparably is a workplace monitoring site where employees anonymously rate their companies in various categories. We continually leverage feedback from our team members to guide our company and culture. These awards are a sign that we are on the right track together. Shada McShannon, Director, People Partners & DEI at Vena says, “Building diversity, equity and inclusion in our workplace is at the forefront of everything we do at Vena. It requires an ongoing commitment and is a constant work in progress. We’re very fortunate to have a CEO and other leaders who champion diversity. Together, we will continue to iterate on our DEI roadmap as an organization to ensure that trust and openness exist across every function and at all levels of our organization.” Congratulations to Vena CEO Hunter Madeley for being named on Comparably’s list of Top-Rated CEOs for Diversity: Small/Mid-Size Companies. Comparably’s annual Best CEOs for Diversity represents the top-ranked CEOs based solely on anonymous sentiment ratings from employees of color (non-Caucasian) on Comparably.com in the previous 12 months (June 23, 2020 to June 23, 2021). Derived from 10 million ratings across 60,000 companies, the list is segmented by Top 50 CEOs of large companies (more than 500 employees) and Top 50 CEOs of small/mid-size businesses (500 or fewer employees). This Business Insider article highlighted the following employee quote about Hunter, “CEO is inclusive and makes sure that every employee feels valued and appreciated. I have not worked for a company before where leadership genuinely cares about everyone!" “I consider it an honor to be a member of a team that celebrates all dimensions of diversity and strives to build inclusion into everything we do,” says Hunter. “We are so much stronger when every team member brings their talent, experience and authentic selves to work every day. I also have to acknowledge the incredible work of our various Vena Resource Groups (N4W, Va11y, DEI, Pride, Green Team, Mental Health) as they tirelessly support, promote and advocate for a diverse and inclusive culture within our workplace.” Hunter’s sentiments are shared across the executive leadership team as well as at the management level in every department, earning Vena a thirteenth spot on the Top 50 list of Comparably’s annual Best Leadership Teams for Small/Mid-Size Companies. This Business Insider article included the following employee quote about the leadership team: “Leadership team at Vena is progressive, inclusive, honest and true to company culture and values.” One thing all of our leaders and Learning & Development team strive to do is foster career growth for all Venanites. Through a series of training programs, learning labs and mentorships, all employees are encouraged to sharpen their skills and to chart their growth at Vena. And according to employee feedback, it’s appreciated, earning Vena a spot on the Top 50 Best Small and Midsize Companies for Career Growth. According to this Business Insider article, Comparably asked employees questions about professional development opportunities over a 12-month period at their company (June 23, 2020 through June 23, 2021), including if they had a workplace mentor and if there were advancement opportunities. The full list of Comparably’s 4th annual Best Companies for Career Growth can be found here. On the Vena Comparably page, 97% of Vena employees call their work environment positive and gave Vena an A+ for culture. For more stats and information about how Venanites feel about working at Vena or to leave your own review and rate our company, click here. We’re listening, we value your feedback and are always looking for ways to improve as a company.

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Vena Earns 2021 Top Rated Award From TrustRadius

The company’s platform was scored as “top rated” for Corporate Performance Management Vena, the Complete Planning platform loved by finance and trusted by business, today announced that it has been recognized by TrustRadius with a 2021 Top Rated Award in the Corporate Performance Management (CPM) category. TrustRadius issues Top Rated badges to products in the top tier of their categories. To earn this award in the CPM category, Vena had to have at least 10 recent reviews. It also had to be present on the TrustMap, obtained at least 1.5% of the traffic in the category and have earned a trScore of at least 7.5. With a trScore—an algorithm that calculates a product’s scores based on a weighted average of reviews and ratings—of 8.1 out of 10 and over 150 verified reviews, Vena was recognized by the TrustRadius community as a valuable player in Corporate Performance Management. “At Vena, we’re proud that our fully cloud native corporate performance management platform inspires such gracious feedback in our user community,” said Vena CEO Hunter Madeley. “To all the finance, operations and business leaders worldwide who use Vena to Plan to Grow their businesses with the power of unified data, thank you for sharing your feedback on TrustRadius. We’re so grateful for the trust you put in us.” Since 2016, the TrustRadius Top Rated Awards have become the industry standard for unbiased recognition of B2B technology products. Based entirely on customer feedback, they have never been influenced by analyst opinion or status as a TrustRadius customer. To learn more about the methodology and scoring that TrustRadius uses to determine TopRated winners, click here. To hear from verified users on how much they value Vena, click here. Looking to share your own feedback? Please leave a review here. About Vena Vena is the only Complete Planning platform that empowers and inspires business leaders, finance and operations professionals to Plan To Grow™. Vena leverages the familiarity and flexibility of Excel, the world’s leading grid, within the Vena Growth Engine, the technology and methodology loved by finance and trusted by business. Over 900 of the world's smartest companies Plan to Grow™ with Vena. For more information, visit venasolutions.com and follow Vena on LinkedIn, Facebook, Instagram and Twitter @venasolutions. About TrustRadius TrustRadius helps technology buyers make better decisions and helps vendors tell their unique story, improve conversion, engage high-intent buyers, and gain customer insights. Each month over 1 million B2B technology buyers, over 50% from large enterprises, use verified reviews and ratings on TrustRadius.com to make informed purchasing decisions. Headquartered in Austin, TX, TrustRadius was founded by successful entrepreneurs and is backed by Mayfield Fund, LiveOak Venture Partners, and Next Coast Ventures.

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Vena’s Next Phase of Growth: A Message to Our Customers and Community

Vena has come a long way since we opened our doors in 2011. We’ve transitioned from startup to scale up. We’ve grown into a company with more than 450 people across the U.S., Canada and the U.K. And we’re well-positioned to tackle our next phase of growth, with a great team, wonderful customers and partners and $300 million in Series C funding to help us scale. We’re excited for what the future holds. We’ll grow our team, continue to evolve our product, build our partner network and expand the community of finance and operations professionals we serve. As we embark on the next leg of our journey, we’ll also be adding a new CTO to lead our Product and Technology teams. Our co-founder and current CTO, George Papayiannis has spent 10 years leading these teams and believes our next 10 years of growth will be better served with him supporting rather than leading. The decision to pass the baton can be tough, but the time is right and we fully support George in his decision. After all, our customers get the best of both worlds—a passionate and committed founder staying close to the business and the product, and a great new leader to help us better serve our mission of powering our customers’ Plan To Grow™. George will continue to lead as our CTO during the search to find a great successor, and we’ll continue driving full steam ahead on our product roadmap through the hiring process and transition. “The timing has never been better to work through a transition like this,” says George. “The company is in the best position it's ever been. We continue to win and delight customers and are ready to scale into this next phase of growth. We have something incredibly special at Vena. Culturally, as a group, as a brand, we have the opportunity to build something that could outlive all of us.” Every Plan To Grow Starts in Excel. Vena’s Was No Different From day one, Vena’s core value proposition was to leverage the tools finance professionals know and love. George and co-founders Rishi Grover (Chief Solutions Architect) and Don Mal (former CEO) saw an opportunity to amplify Excel’s familiarity and flexibility to help the office of finance become a more strategic partner to the business. Excel became the window to the data and interface to Vena’s planning, budgeting and forecasting software, which streamlines manual FP&A processes so our customers can spend more time doing important analysis. Almost 1000 customers later, Vena has grown into a fully cloud native, corporate performance management platform, empowering finance, operations and business leaders worldwide to Plan To Grow their businesses with the power of unified data. We’re proud to have been recognized for our usability, customer support, feature set and more from organizations including Gartner, BPM Partners, TrustRadius and G2. We’ve also been recognized as a great place to work by Comparably and Glassdoor and remain committed to building a truly inclusive culture driven by our CORE values—Customer Trust, One Team, Respect and Authenticity, Execution Excellence. They guide every decision we make and every action we take. Vena’s Next Phase of Growth We’ve accomplished a lot over the last 10 years and the future is looking bright for our platform. Over the next year, we will stay laser-focused on our key product and technology priorities— rapid time-to-value, best practice methodology and speed to insight. We will be launching revolutionary enhancements to Vena’s core offering, including building on-top of Microsoft’s Office365 platform and launching embedded data visualization leveraging PowerBI. Our Product and Technology team is full of superb talent led by Andrew Stanbridge (VP Product) to Carrie Tanguay (VP Development) and Colin Coller (VP Architecture). This team is taking Vena’s technology and platform to new heights, and is dedicated to creating the best Product and Technology organization possible. “Behind every great product are great people,” says Andrew. “We’ve spent our first 10 years building a top-tier team of over 100 people in Vena's Product and Technology organization. I am excited about the products we are building and the value we create for our customers. And we’re all excited to partner with a new CTO whose knowledge and experience will help power our next 10 years of growth” Vena’s Product and Technology team will continue to grow fast, bringing on best-in-class talent, including a new CTO, to help our customers build agility and resilience into their planning and operating processes with our technology and methodology. If you’re interested in joining Vena, check out our Careers page. The Future Is Now We are incredibly excited about what the future holds for Vena. We will continue to invest in our customers, focusing on providing a market-leading customer experience and product. We’ll stay on course with our strategic direction, helping businesses power their Plan To Grow. And we’ll continue to focus on building a wonderful company and culture in the service of our customers.

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There's Much More Than Credits at Vena Nation Week 2021 | Vena

Vena Nation week is back and better than ever, taking place virtually from June 14–18 and hosted on PlantoGrow.com. For Vena’s customers and community of finance and operations professionals, there will be plenty of opportunities to learn, connect and grow—with more than 20 sessions, 80 live conversations, 30+ CPE/CPD credits and over 100 speakers including inspiring conversations with Rainn Wilson, Kansas City Chiefs President Mark Donovan and more. The theme of this year’s Vena Nation week is “Strength in Numbers,” which is all about enabling business leaders, finance professionals and operations experts to connect, collaborate, learn from each other and excel together as we all find ways to adapt to new ways of working and powering growth. The event will connect attendees from around the world to explore stories of resilience and innovation, the ongoing evolution of strategic finance, the transformation of operations and how to bring people, process, technology and data together to power your Plan to Grow™. “Businesses need to be able to build agility and resilience into their planning and operating processes to power growth,” said Hunter Madeley, CEO at Vena. “Vena Nation week 2021 will provide our customers and community with a forum where they can connect, and share insights and strategies to help power their Plan to Grow with proven methodology and flexible technology.” Vena Nation 2021 will feature new ways for attendees to connect and grow, learn from experts and thought leaders and network with other business planning professionals. There will be more live and interactive roundtables, a brand new CFO Confidential breakout discussion and the the launch of the ultimate Excel Nerd experience, featuring talks by Excel legends Chandoo and SumProduct and the chance to submit your Excel questions on our Excel Nerds Unite website. “While many of us are physically distancing, we need to build social and professional connections now more than ever, especially in a time of so much change,” said Allison Munro, Chief Marketing Officer at Vena. “With this year’s Vena Nation week, we’ve focused on creating live and interactive experiences to facilitate those connections, share best practices and support finance, operations and business leaders in their Plan to Grow.” We also have an exciting lineup of keynote speakers who will be sharing their insights, experience and success stories. Joining us will be our celebrity guest, Rainn Wilson, who will be speaking about how creativity and self-expression create a more meaningful and collaborative hybrid work model. He’ll be sharing the virtual stage with other luminaries, including: Mark Donovan, President of the Kansas City Chiefs Jeanne Lam, Chief Business Officer at Wattpad Kendra James-Anderson, Virtual CFO and Founder of The Finance Femme Punra Duggirala, Director of Chandoo.org and Excel influencer Liam Bastick, Director of SumProduct and Excel influencer They will cover topics such as how to build winning teams with a winning culture, life and business hacks, the new era of storytelling, new Excel features and shortcuts, and effective data storytelling in Excel. To save your spot for Vena Nation week 2021 at Plantogrow.com/vnw21. And for Vena Nation week updates, follow us on LinkedIn, Facebook, Instagram and Twitter.

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Vena Raises $300 Million in Series C Funding | Vena

Vista Equity Partners leads the round, one of the largest in Canadian tech. TORONTO, April 27, 2021 -- Vena, the Complete Planning platform loved by finance and trusted by business, today announced it has raised $300 million in Series C funding. The minority round is one of the largest for a Canadian tech company and is led by Vista Equity Partners (“Vista”), a leading global investment firm that exclusively invests in enterprise software, data and technology-enabled businesses. Vena will use the funds to accelerate growth and continue to provide a market-leading customer experience. Vena is a cloud-native platform that leverages the familiarity and flexibility of an Excel interface within the Vena Growth Engine—the technology and methodology businesses use to streamline finance processes, connect teams, drive decision making and plan with confidence for today and tomorrow. With this round, Vena has raised over $450 million, positioning the company as the corporate performance management (CPM) platform of choice for finance and operations professionals and validating Vena’s mission to power its customers’ Plan To Grow™. “This significant investment is a clear endorsement of the value we are providing to our customers and Vena’s position in our market,” said Vena CEO Hunter Madeley. “All organizations need to build agility and resilience into their planning and operating processes and we are excited to scale our business to meet that demand. We are also excited to partner with the team at Vista whose extensive enterprise software operational experience will help Vena continue to invest in our customers and culture as we grow together.” JMI Equity and Centana Growth Partners, early investors in Vena, will remain active, partnering with Vista to help support Vena’s continued momentum. As part of the raise, Vena welcomes two new members to its board of directors from Vista—Kim Eaton, Managing Director and Marc Teillon, Senior Managing Director and Co-Head of Vista’s Foundation Fund. “The pandemic has emphasized the need for agile financial planning processes as companies respond to quickly-changing market conditions, and Vena is uniquely positioned to help businesses address the challenges required to scale their processes through this pandemic and beyond,” said Eaton. “We look forward to partnering with the Vena team in its next stage of growth as they continue to expand Vena’s platform to new customers and markets.” Teillon added “We were impressed with not only the work and commitment of the Vena team, but also their values and culture which will be an important part of their continued success. Together, we are excited to advance Vena’s market leadership as the platform of choice in the CPM space.” Today’s funding announcement caps off a strong year for Vena. The company has continued to be recognized by the wider industry, named a Customers’ Choice in the 2021 Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Planning & Analysis Solutions report. It also received accolades for Best Feature Set and Best Customer Support from TrustRadius and numerous awards from G2 and BPM Partners, including Best Usability, Ease of Use and more. Vena was also the recipient of 2020 Comparably Awards for Best Company Culture, Best Companies for Women, Best Outlook and Best Companies for Diversity. McCarthy Tétrault LLP served as legal advisor to Vena. Evercore served as financial advisor to Vista and Kirkland and Ellis LLP and Stikeman Elliott LLP provided legal counsel. About Vena Vena is the only Complete Planning platform that empowers and inspires business leaders, finance and operations professionals to Plan To Grow. Vena leverages the familiarity and flexibility of Excel, the world’s leading grid, within the Vena Growth Engine, the technology and methodology loved by finance and trusted by business. Over 900 of the world's smartest companies Plan To Grow with Vena. For more information, visit venasolutions.com and follow Vena on LinkedIn, Facebook, Instagram and Twitter @venasolutions. About Vista Vista is a leading global investment firm with more than $75 billion in assets under management as of December 31, 2020. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future—a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on Twitter, @Vista_Equity.

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Vena Powers FP&A and CPM for Banking With Best Practice Pre-Configured Solution

Vena for Banking and Credit Unions streamlines net interest margin planning, detailed profitability analysis and more with process automation, data integration and a native Excel interface to help banks scale growth amid evolving market conditions TORONTO – April 7, 2021 – Vena, the Complete Planning platform loved by finance and trusted by business, today announced the release of Vena for Banks and Credit Unions, a pre-configured solution that streamlines the FP&A and extended planning processes of financial organizations whose primary revenue stream is interest margins. The solution combines industry best practices for corporate performance management (CPM) with Vena’s Growth Engine—the technology and methodology behind your business plans—to power net interest margin planning, profitability modeling and analysis by product and branch, driver-based budgeting and more with process automation, data integration, real-time reporting and a familiar native Excel interface. In today’s economic environment, banks and credit unions have to contend with quickly-changing market conditions, tighter margins, increasing customer demands, global competition and strict regulatory compliance requirements. These obstacles are all the more difficult to overcome when key business processes, such as net interest margin planning, variance reporting and profitability analysis, are manual, complex and hindered by disparate data sources, disconnected planning models and fragmented business logic. This makes having an efficient, flexible and agile performance management solution crucial to success. “Most planning systems aren’t purpose-built for banks and credit unions. They try to fit a unique business model into a one-size-fits-all solution without considering the unique planning, reporting and analysis needs of the industry,” said Rishi Grover, Co-founder and Chief Solutions Architect at Vena. “Vena for Banking and Credit Unions gives finance and accounting teams in banking the capabilities of our Complete Planning platform with a solution configured to meet their business dimensions—including branches, financial products, chart of accounts and more. They can get up and running in a matter of weeks and hit the ground growing.” Vena for Banks and Credit Unions streamlines CPM for banking with automation and industry best practices for finance-led and extended planning, developed using Vena’s extensive experience with customers in the financial services sector. The pre-configured solution includes integrations with core banking, ALM and FTP source systems. Its pre-configured planning templates allow for real-time product profitability analysis, business logic incorporating assumptions around base rates, margin and interest rate calculations, unlimited modeling capabilities, comprehensive reporting, collaborative workflows and more—all leveraging a native Excel interface that drives ease-of-use, transparent yield calculations, customization and adoption across the business. “I couldn't believe what we were able to achieve with Vena,” said Michael To, Director of Finance Data Services & Analytics at ATB Financial, a Canadian financial institution based in Edmonton, Alberta, with over 300 branches, $55 billion in assets and 5,400 employees. “We now have the capability to look back at actual versus budget during our monthly analysis and see if these variances are due to our margins or to our price/volume variances. That's something we'd never really talked about before.” Vena is also committed to furthering its mission to help banks and credit unions power their plan to grow through its membership with the American Bankers Association (ABA), an organization that provides the training, advocacy and expertise banks and credit unions need to serve their customers and communities and help grow the economy. “Digital transformation, powered by the right technology and methodology, is critical if banks are to have the planning agility needed to keep pace with today’s quickly-changing market conditions,” said Shelly Loftin, Senior Vice President, Retail Banking, Payments & Lending at American Bankers Association. "With flexible, scalable planning solutions that are easy-to-use and adopted across the business, institutions can streamline key business processes, power deeper analysis, drive more informed decision making and plan with confidence for today and tomorrow." To learn more about Vena for Banking and Credit Unions, click here. About Vena Vena is the only Complete Planning platform that empowers and inspires business leaders and finance and operations professionals to plan to grow their businesses. Vena leverages the familiarity and flexibility of an Excel interface within the Vena Growth Engine, the SaaS platform and methodology that powers your plans and guides your journey to growth. Over 850 of the world's smartest companies grow with Vena. For more information, visit venasolutions.com. Contact Kelly Anderson | SHIFT Communications Vena@shiftcomm.com

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Vena Named a Customers’ Choice in the 2021 Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Planning & Analysis Solutions Report

The annual Gartner Peer Insights report recognizes vendors that are the most highly rated by their customers At Vena, Customer Trust is one of our core values. We value and protect it with every decision we make and action we take. We care deeply about helping our customers grow and succeed. From the ongoing evolution of Vena’s Complete Planning platform to shaping our product offerings and customer journey, we always act with our customers’ best interest in mind. That’s why we’re excited to announce that Vena was named a 2021 Gartner Peer Insights Customers’ Choice, what we consider a great honor for the entire Vena team. Our customers on Gartner Peer Insights rated Vena as a Customers’ Choice for cloud FP&A. Based on direct peer experiences of implementing and operating a solution, Vena was one of the two midsize enterprise vendors named a Customers’ Choice in this category. “We’re thrilled to be recognized in the ‘Voice of the Customer’ Report. Our customers count on us to help them plan to grow and I believe their ratings are a reflection of Vena’s commitment to being a true partner across finance and operations. We’re trying to be a difference maker for our customers and it’s a real honor to receive their support,” said Hunter Madeley, CEO at Vena. Gartner Peer Insights recognizes vendors that are the most highly rated by their customers. The report complements the Magic Quadrant and Critical Capabilities (the “expert research”) for the same market and is used as an additional resource for end users in their buying process. Gartner Peer Insights recognized eight vendors. The peer-sourced reviews and ratings of Vena’s Complete Planning platform—the only planning and analysis solution robust enough for enterprise-level scalability, performance and extensibility, yet simple enough for anyone at any organization to use—positioned Vena as a Customers’ Choice highly-rated vendor in the midsize enterprise market. "Today, more than ever, our customers are aware of how critical it is to understand their organization’s business model and the balance of predictability and agility in their planning processes. Vena customers who chose us as a partner in planning and rated our cloud FP&A software with this top distinction gives us a significant boost as we continue to build on leadership in the FP&A and xP&A software market,” said Rishi Grover, Co-founder and Chief Solutions Architect at Vena. Vendors named a Customers’ Choice are noted on the live Gartner Peer Insights site, a free, public review platform. Gartner Disclosure Gartner Peer Insights Customers’ Choice constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates. If you have a Vena story to share, we encourage you to join the Gartner Peer Insights crowd and leave your feedback. Resources: Read Cloud Financial Planning and Analysis (FP&A) Solutions reviews verified by Gartner. Over 850 of the world’s smartest companies grow with Vena. To check out what some of our customers say about Vena, click here.

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Vena Launches New Community-Focused Partner Program

Together with our Partners around the world, Vena inspires the way businesses and people grow. That’s why we’re thrilled to announce the launch of our new Partner Program—the ultimate community resource center for helping our Partners and their clients succeed. Much like the previous program, our refreshed Partner experience provides access to exclusive Vena resources, including training guides, customer engagement opportunities and co-branded marketing material. However, our new tiered structure places a greater emphasis on community and gives Partners what they need to grow together with Vena. The new program places Partners into one of three categories: Official, Advanced and Distinguished. As our Partners evolve with Vena and help their clients prosper with our platform, they’ll be able to grow even further and unlock more exclusive Partner perks. Here’s a quick breakdown of our new Partner path, with a brief explanation of what each category entails: Official Partners: Everything Partners need to kick off their growth journey with Vena. Official Vena Partners are a community of knowledgeable experts who can help their businesses and clients thrive with white-glove service and support. Advanced Partners: Taking growth to a whole new level. We promote our Advanced Partners’ expertise with an annual joint marketing campaign, priority sponsorship at Vena events, brand visibility to customers and more. Distinguished Partners: Simply the best. Distinguished Partners are Vena’s most trusted champions in the market. We’ll shout that from the rooftops with multiple annual marketing campaigns, first-in-line access to our services teams, quarterly business reviews and a dedicated Partner Success Manager. “Our new and improved Partner Program reflects Vena’s ongoing commitment to establishing trust in the market and helping businesses plan to grow with our platform,” says Jeff Scheepers, Vena’s VP of Global Partner Strategy and Operations. “With the new tiered structure, we’re doubling down on community—a key aspect of the Vena Partner experience—and giving our Partners what they need to deliver maximum value for their clients.” * * * * * About Vena Vena is the only Complete Planning platform that empowers and inspires business leaders and finance and operations professionals to plan to grow their businesses. Vena leverages the familiarity and flexibility of an Excel interface within the Vena Growth Engine, the SaaS platform and methodology that powers your plans and guides your journey to growth. Over 800 of the world's smartest companies grow with Vena. For more information, visit venasolutions.com.

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Leaders On and Off the Field: Vena and the Kansas City Chiefs Announce FP&A Technology Partnership

World-class team now leading the evolution of professional sports in the boardroom using integrated data and analytics to drive detailed revenue planning and business performance. TORONTO - February 16, 2021 - Vena, the Complete Planning platform loved by finance and trusted by business, today announced its new FP&A technology partnership with the Kansas City Chiefs. The partnership between Vena and the Chiefs has created a winning formula for digital, finance-led transformation in the sports and entertainment industry. Professional sports has undergone significant changes over the past 12 months and organizations are facing challenges never experienced before in the industry. With the disruption of ticket sales, concessions and more, sports organizations needed to quickly pivot and learn how to report outside of traditional revenue streams. These sudden changes to the marketplace have required agile planning from finance, strategy and analytics teams to drive informed business decisions and uncover new revenue opportunities. This first-of-its-kind partnership brings together the expertise of the Kansas City Chiefs and the power of Vena’s Growth Engine to create a business planning center of excellence for finance and operations in professional sports and entertainment. Using Vena’s technology and built on the Chiefs’ industry best practices, Vena is delivering a Finance-Led Planning solution purpose-built to help organizations in the industry better meet the challenges of today and tomorrow. Using Vena’s platform and guided by the Chiefs’ industry leadership, organizations are able to streamline key revenue planning and operational processes, conduct more in-depth reporting and analysis and drive innovation with the office of finance leading the way as a more strategic business partner. Dan Crumb, Chief Financial Officer at Kansas City Chiefs said, “Vena revolutionized how we look at financial information. We look forward to our continued collaboration with Vena through this partnership and the opportunity to provide the best-in-class systems, processes and planning resources to financial decision makers in professional sports and entertainment.” Working with Vena, the Kansas City Chiefs were able to gain efficiencies through new use cases including detailed revenue planning, player salary planning, box office reporting, executive reporting, sales compensation and sponsorship, and more. For the Chiefs, increasing time efficiency was critical and Vena was able to help box office reporting go from three hours to five minutes. In a year that saw an unexpected and dramatic shift from in-person to remote work, Vena made it easier for the Chiefs to transition and ultimately helped them be more efficient. “We’re proud to have helped the Kansas City Chiefs—our customer of two years and now a partner—drive significant change and enable innovation within their organization,” said Hunter Madeley, CEO at Vena. “Our partnership with the Chiefs will allow us to better serve customers in professional sports and entertainment with a best-in-class solution tailor made to meet their needs and power their plan to grow.” Crumb added, “Vena provided a solution that consolidated multiple tools for budgeting, revenue forecasting and reporting. We now have greater financial visibility and accountability while empowering departments to review and provide continuous feedback. Vena was able to understand our unique business needs and create templates and workflows that make the budgeting, forecasting and reporting processes extremely efficient.” Vena customers and finance leaders across the industry will have the opportunity to learn more about how the Kansas City Chiefs have been able to build a winning team on and off the field with upcoming talks and live and interactive digital events at plantogrow.com. About Vena Vena is the only Complete Planning platform that empowers and inspires business leaders and finance and operations professionals to plan to grow their businesses. Vena leverages the familiarity and flexibility of an Excel interface within the Vena Growth Engine, the SaaS platform and methodology that powers your plans and guides your journey to growth. Over 800 of the world's smartest companies grow with Vena. For more information, visit venasolutions.com. Contacts Kelly Anderson | SHIFT Communications Vena@shiftcomm.com

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Vena Wins TrustRadius Awards for Best Feature Set and Best Customer Support

Here’s to kicking off 2021 with two top honors, thanks to our customers. We’re extremely grateful for starting off the year by receiving two awards in the categories of Best Feature Set and Best Customer Support from TrustRadius. These awards highlight companies with outstanding feature sets and support that have gone above and beyond to meet the growing demands of today’s users. Not only are these wins a testament to Vena’s mission to deliver best-in-class solutions, they also reinforce our people-first mentality. We never downplay the value of feedback and need for continuous improvements, so to be awarded these achievements driven by customer reviews is an honor. In announcing their first-ever Best of Award winners, TrustRadius CEO Vinay Bhagat said, “Let’s face it: not all products are created equal, and neither are all technology buyers. That’s why at TrustRadius we’re always looking for new ways to help buyers make great decisions. By highlighting products that have first-class feature sets, we can help more buyers navigate to products that will meet their unique needs.” "Customer trust is one of our core values at Vena,” said Vena’s CEO Hunter Madeley. “We care deeply about helping our customers succeed and are dedicated to supporting them through every stage of their growth journey. To be recognized with these awards is a great honor because our customers' successes are our successes." More than 800 companies from around the world rely on Vena’s Complete Planning Platform. It’s easy-to-use, flexible and fully customizable, combining the familiarity of an Excel interface with the Vena Growth Engine, the technology and methodology that powers their plan to grow with enterprise-level cloud capabilities and scalability. Vena brings people, processes, systems and teams together in a single source of truth, and powers any plan that can be created in Excel with visual workflow tools, audit trails, unlimited modeling capabilities, preconfigured solutions and configurations for finance-led planning, extended planning and beyond. With Vena, finance, operations and business leaders can: Automate manual tasks and workflows to streamline key FP&A processes, including budgeting and forecasting, what-if analysis, management reporting and more. Work with a tool they already know. Vena leverages the familiarity and flexibility of Microsoft’s Excel interface using the universal language of finance. Use Vena’s centralized database and embedded analytics to uncover efficiencies hiding in disparate systems, drill down into data and turn numbers into narratives. Unify business processes, such as their financial close, with accurate, transparent data. To win the Best Feature Set Award, each nominated organization had to receive 10 TrustRadius reviews in the past year that featured specific mention of their product’s feature set. Winners also had to rank in the top three positions of their category in terms of what percentage of positive responses they earned this year. Additional vetting via textual review analysis was also performed by the TrustRadius research team. We’re truly honored and grateful that over 100 Vena customers gave us their feedback in 2020. Find out how companies across industries are powering their growth with Vena. And if you’re interested in learning more about Vena’s features and solutions, you can preview Vena here.

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