Case Study: Marks & Spencer achieves faster, more accurate global budgeting and automated currency conversion with Vena Solutions

How Vena helped this multinational retailer effortlessly manage their budgeting and planning process for their U.K. and international business groups

Marks & Spencer, a major multinational retailer, was manually planning for its U.K. and international business groups. The Finance team created, distributed, collected and consolidated hundreds of Excel spreadsheets from users in 80 countries, performing time-consuming, error-prone currency conversions and struggling with version control, email overload and no real-time visibility into user activity or process status.

Vena replaced the manual process with dynamic Excel templates linked to a central data repository, automating updates and currency conversions, enabling one standard template for all users and offering what-if modeling and a playground for scenario analysis. A workflow engine added task assignment and near-real-time status tracking—resulting in faster, more accurate plans, reduced manual effort and clearer managerial oversight.

Marks & Spencer