Case Study: Large U.S. Bank achieves smoother SEC reporting and eliminates manual Excel workflows with Vena Solutions

Elimination of manual processes makes reporting to the sec significantly smoother

A large U.S. bank (270,000+ employees, >$20B revenue) was manually creating, emailing and consolidating Excel templates across multiple business groups to produce 10‑Q and 10‑K footnote disclosures. That process generated email overload, version‑control errors, no formal workflow to track task status, and no audit trail to identify or roll back spreadsheet changes.

The bank implemented Vena’s solution: a central data repository, automatically updated templates and formulas, formal workflow with task assignment and status tracking, and a detailed audit trail with time‑ and user‑stamps and one‑click version comparisons. This eliminated manual collection and consolidation, reduced bottlenecks, improved template auditability and variance analysis, and made SEC reporting significantly smoother with greater confidence in report accuracy.