Case Study: Saint Mary’s University achieves flexible revenue modeling and faster financial reporting with Vena Solutions

Vena Transforms Saint Mary’s University With Flexible Revenue Modeling and Unlocked Insights

Saint Mary’s University, the second-largest university in Nova Scotia, needed a better way to handle budgeting, forecasting, and financial reporting as COVID-19 created major uncertainty around enrollment and tuition revenue. The team also lacked the internal resources and data skills to build a more flexible revenue model, and manual reporting was slow and labor-intensive.

Vena Solutions, through its Expert Managed Services Plus (EMS+) and Vena Insights, helped Saint Mary’s University build a weekly student enrollment and tuition revenue model and automate reporting. The results included a 70% faster budget review process, capital project analysis reduced from one week to two hours, and 32 Excel spreadsheets moved from monthly manual updates to an annual process. Vena Solutions also enabled dashboards and trusted self-service reporting, giving leadership real-time, granular insights.

Saint Mary's University

Darrell Rooney

Senior Director of Financial Services