Vena

Vena is a full planning software package that turns Microsoft Excel into a powerful financial planning and analysis tool. It's natively integrated with Microsoft 365 so customers can tap into the company's leading AI technology and flexible data modeling to get more out of their planning. Vena is designed to help finance teams streamline financial planning, simplify reporting and accelerate analysis.

The software includes features for finance-led planning, extended planning and beyond planning. Among them:

• Finance-Led Planning: Budgeting, forecasting, strategic planning and what-if analysis.
• Extended Planning: Combines financial, operational and other business data for cash flow planning, workforce planning, capital expense and revenue planning.
• Beyond Planning: Financial consolidation and close, account reconciliation and incentive compensation management.

One of Vena's main selling points is its ability to tap into the flexibility and familiarity of Excel. Customers can build templates, collaborate on data and track changes, all within a structured and secure database. Other features include:

• Data Integrations: Automated data loading from cloud and on-premise applications, including Excel and CSV files.
• Security: Control data access and drill down into spreadsheet history for transparency and accountability.
• Enterprise-Level Scalability: Scales single source of truth across cross-functional teams.

Vena also offers preconfigured solutions for a range of industries, including SaaS, banking and credit unions, insurance, higher education and professional sports. Vena is designed to be easy to use, and customers can bring their own Excel spreadsheets and financial models into the system to get more out of forecasting, modeling and analysis.

Pricing isn't publicly disclosed, but Vena offers demos and consultations to help customers figure out the best way to get started. More than 1,700 companies use Vena, including many leading businesses, so it's clearly been a useful tool for those trying to modernize their financial planning and analysis.

Published on June 21, 2024