Case Study: Leading Pharmaceutical Company achieves streamlined variance reporting and analysis with Vena Solutions

Workflow engine streamlines variance reporting and analysis

A leading U.S.-based pharmaceutical company (300+ employees, US$100M+ revenue) struggled with slow, error-prone budgeting and forecasting: the finance team manually aggregated month-, deal-, product- and customer-level data via daily emails, battled version-control and email overload, pasted GL figures into spreadsheets, and could not document variance explanations within their Excel templates.

Vena integrated with the client’s Great Plains GL and created a central, secure data repository that auto-populates dynamic Excel templates, supports embedded commentary, and provides one-click drill-through to source transactions. With a workflow engine, automated notifications and a full audit trail, the solution eliminated manual consolidation, saved hours of work, improved data accuracy and visibility, sped variance analysis and increased accountability.