Nucleus found Finance staff were able toreduce the time spent on budgeting, forecasting, financial consolidation and reporting activities after deploying Vena. Benefits varied based
on the previous solution, however additional 20–50% reductions in time spent were common.
Vena Business Value Benefits
The Business Value Assessment tool enables organizations to calculate the one-year business benefits of using Vena Complete Planning. Results from the Business Value Assessment tool are based on several user inputs, Including personnel, variable costs and budget spend.
Increased Productivity
50% Time Saved
Deploying Vena helped reduce the time spent during the budgeting, forecasting, financial consolidation and reporting process. Nucleus found typical reductions in time exceeded 20-50% of the time normally spent on these activities for these employees.
Increased Ownership
20-45% Faster Training
Trained new employees on their models and business processes (budgeting, forecasting, financial consolidation and reporting process) 20-45% faster with Vena
Increased Reporting & Analytics
2% Variable Cost Savings
Increased their reporting and analytics capabilities with Vena, ultimately increasing the quality of decision making and reducing the potential for errors that could impact the organizations cost base.
Reductions of 0.5 to as much as 2% of payroll and variable costs are not uncommon.
Nucleus Certified: The underlying calculations in this assessment tool have been independently reviewed and tested by Nucleus Research for accuracy and transparency. Where default data or assumptions are used they have been designed to present a slightly conservative estimate.Nucleus Research certifies that this tool is built on accurate calculations that generate a fair assessment of actual value a customer will achieve from Vena based on the data entered.
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