Case Study: a largest financial services company achieves more accurate budgets with Vena Solutions

Automatic data compilation helps produce more accurate budgets

A major financial services company faced significant challenges with its manual budgeting process. The finance team was creating hundreds of spreadsheets, which were distributed and consolidated via email, a process that took months and was prone to errors and version control issues. To solve this, they turned to Vena Solutions and its corporate performance management (CPM) solution, which leverages the familiar interface of Microsoft Excel.

Vena implemented a centralized system where a single, secure Excel template was used across the organization. This solution automated the compilation of data, applied standardized calculations and allocations, and seamlessly integrated with the company's existing GL systems, Vinci and Paradigm. The results were dramatic: a process that once took months was reduced to seconds, data integrity was secured through role-based permissions, and the finance team gained significant time to devote to value-added analysis and decision-making.