Why Vena

A fresh approach that gives you the best of both worlds

Unlike other solutions that take one of two extreme approaches to corporate performance management, Vena combines the best of both worlds in a single solution.

Vena doesn’t make you choose between a rigid, packaged application and an uncontrolled spreadsheet environment to perform the finance and accounting business processes that drive your organization’s success. Vena’s fresh approach to FP&A connects your Excel spreadsheets, templates and models to a central database governed by a sophisticated workflow engine and business rules. As a result, you continue to benefit from the flexibility and unmatched computing power of Excel, while resting assured that your data is secure, accessible and up-to-date.

The Vena Solution

Created to make businesses work smarter, Vena uses a surprisingly convenient approach to simplify complex business processes. We’ve turned Excel into a truly enterprise-class business and finance solution.

Vena Automates:

  • Budgeting, Planning & Forecasting
  • Management Reporting & Analysis
  • Financial Close Management
  • Operational Planning
  • Regulatory Reporting & Data Collection
  • Any spreadsheet-intensive business process

that have enterprise solutions…supplement it with spreadsheets.

Market Landscape

The ROI of Vena Solutions

10x Capacity Increase

From managing 8 budgets to 80 in the same amount of time

Accurate forecasts
Detailed analysis
Confidence in numbers

Reporting errors
Budget preparation time
Manual report generation

Berkshire Hathaway HomeServices

Real estate brokerage franchise network

6 Days Reduction in Close Time

Month-end close process faster, more accurate and efficient

Data accuracy, integrity
Version control
Visibility into close process

Manual edits and review time
Cost to close books
Month-end close time

Capstone infrastructure

Independent power producer focused on clean, renewable energy

96% Reporting Time Reduction

From 4 weeks after the close to the same business day

Direct cost savings
Data security and accuracy
Time to drive company decisions

Data discrepancies
Manual data collection
Cycle times

Cumming Corporation

International project management and cost consulting firm

4x Increase in Time for Analysis

CFO time on collection data went from 80% to 20% (and vice versa for analysis)

Budget transparency
Data visibility at a granular level
Collaboration and analysis

Budget cycle time
Manual data consolidation
Errors and version control issues

National Alliance on Mental Illness (NAMI)

America’s largest grassroots mental health advocacy organization

Market Landscape

SPREADSHEET ENVIRONMENT

Flexible

CONS

  • Data integrity issues
  • No source system integration
  • Manual consolidations
  • Lack of audit-ability
  • No process management

PROS

  • Flexible
  • Strong modeling
  • Powerful calculations
  • Rich presentation
  • High user adoption
“REPLACE EXCEL” APPLICATION ENVIRONMENT

Controlled

CONS

  • Takes you away from spreadsheets
  • Rigid, lack of flexibility
  • IT/consulting intensive
  • High cost of ownership

PROS

  • Controlled environment
  • High data integrity
  • Database centric
  • Workflow management
  • Auditable

SOLUTION FEATURES & BENEFITS

Vena provides a variety of enterprise functionality inherently within our solution.

Data Integrity

Increased confidence in the results

a central database, source system integration and validation rules to ensure accurate data.

Security & Control

Information is secure, controlled and audited

complete user security and audit functionality to ensure your data is secure and users are accountable.

Accelerated Cycles

Start reviewing the data sooner

Intuitive workflow features to make the process streamlined for faster cycle times.

Reporting & Analysis

Make better business decisions and report quickly

With our analytical database, Excel integration plus dashboard reports – Vena provides lots of ways to effectively report, model and analyze your data.

Trusted by Leading Brands

Aeas
Bardel
BiolaUniversity
Bluecross
White Castle Logo
BrockWhite
Brookfield
CaribouCoffee
Celadon
Columbia
Dare
Deloitte
FordFoundation
Hometrust
Jumio
Martinea
CHURCHS

See what Vena can do for you with a personalized demo

Companies like yours have cut cycle times by 50-70% + while improving accuracy – we’ll show you how.