Case Study: PetIQ achieves faster month-end close and streamlined financial consolidation with Vena Solutions

PetIQ Closes Their Months 12 Days Faster With Vena

PetIQ, a manufacturer and distributor of pet health and wellness products and veterinary services provider, needed to simplify financial consolidation and speed up its month-end close after acquiring multiple companies and managing data across several ERPs. The team worked with Vena Solutions and its Vena platform to replace ad hoc forecasting and disconnected budgeting processes with a more unified, efficient approach.

With Vena Solutions, PetIQ implemented automated data consolidation, ETL connections, and user-friendly budgeting templates, along with a 9-month rolling forecast and a consolidated business-wide balance sheet. The results were significant: PetIQ cut month-end close time by 12 days, improved forecast accuracy and collaboration across 55 budget owners, and gained faster, more granular visibility into financial data to support acquisitions and decision-making.

PetIQ

Pat Jones

Senior Vice-President and Corporate Controller