Case Study: a major consulting firm cuts budgeting time by weeks with Vena Solutions

Automated templates save weeks of tiresome manual work every quarter

A major consulting firm faced significant challenges in its budgeting process. The finance team at this large firm was manually distributing and collecting hundreds of Excel spreadsheets from over 200 departments, leading to version control issues and a lack of visibility. This cumbersome, manual process, which also required copying and pasting data into Oracle, extended the budgeting cycle by weeks and increased the risk of errors. To address this, they turned to Vena Solutions and its corporate performance management (CPM) solution.

Vena Solutions implemented a central data repository and automated workflows to streamline the process. Their solution automated template updates, provided real-time visibility into task statuses, and eliminated the need for manual data entry into Oracle. As a result, the consulting firm drastically reduced the possibility of human error and shortened its budgeting process by several weeks, saving time and allowing the team to focus on value-added analysis.