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Vena Solutions

www.venasolutions.com link_icon

Company Research Report – Vena Solutions



Company Overview



Name


Vena Solutions

Mission


Plan With the Power of AI and Flexibility of Excel

Founded


No information is available.

Founders


No information is available.

Key People


  • Hunter Madeley, CEO

  • Hugh Cumming, Chief Technology Officer

  • Jonathan Paul, Vice President, Content Marketing


Headquarters


  • United States Head Office: 1971 Western Avenue, Albany, NY 12203

  • Canada Head Office: 2 Fraser Avenue, Suite 101, Toronto, ON M6K 1Y6

  • UK/EU Head Office: Unit 10 Woolyard, 52 Bermondsey Street, London, United Kingdom SE1 3UD


Employees


No information is available.

Revenue


Vena has crossed $100M USD in Annual Recurring Revenue as of July 2024.

Known For


  • Financial and operational planning, reporting, and analysis platform

  • Native integration with Microsoft 365

  • Empowering businesses with AI-powered insights


Products



Product Overview


Vena offers a Complete Planning platform that integrates seamlessly with Microsoft 365 to provide solutions for financial and operational planning, reporting, and analysis.

Key Products and Features



1. Vena for Financial Planning and Analysis


  • Features:

  • Budgeting and Forecasting

  • Scenario Planning

  • Rolling Forecast

  • Strategic Planning

  • Financial and Businesswide Reporting


2. Extended Planning


  • Features:

  • Workforce Planning

  • Capital Expense and Revenue Planning

  • Sales and Operational Planning


3. Beyond Planning


  • Features:

  • Financial Consolidation and Close

  • Account Reconciliation

  • Incentive Compensation Management

  • Tax Provisioning


4. Specific Industry Solutions


  • Industries: SaaS, Banking & Credit Unions, Insurance, Higher Education, Pro Sports, Manufacturing, Healthcare, Not for Profit, Real Estate, Construction


5. Microsoft Integrations


  • Features:

  • Native Excel Interface

  • Power BI Integration

  • Microsoft 365 Functionality

  • Vena for Microsoft PowerPoint


Data Integration and Analytics


  • Features:

  • Seamless data integration with cloud and on-premise applications

  • APIs and data connectors

  • Central database for consolidated planning


Recent Developments



Spring '24 Release


  • New Features:

  • Vena for Microsoft PowerPoint

  • Vena Copilot for FP&A

  • Export APIs

  • Quick Export & New ETL Export Page

  • Standard Members now GA


Awards and Recognitions


  • TrustRadius Tech Cares Award 2024

  • Vena Positioned as "Exemplary" in Ventana Research Buyers Guide (2024)

  • Leader in 2024 Dresner Wisdom of Crowds EPM Market Study

  • G2 Report 2024: 20 Badges Across Multiple Categories

  • Achieved Elite Centaur Status crossing $100M USD ARR (2024)


New Partnerships


  • TrustArc Partnership: To demonstrate effective privacy and data governance

  • New Office in India: Expanding global presence


Customer Successes


  • Kansas City Chiefs: 95% faster reporting, integrated system for FP&A

  • Saint Mary's University: 70% faster budget approvals

  • Sprout Social: Improved revenue planning and reporting effectiveness


Conclusion



Vena Solutions specializes in providing a comprehensive, AI-powered planning platform primarily used for financial and operational planning, analysis, and reporting. With advanced features and seamless integration with Microsoft 365, Vena continues to innovate and support a range of industries, evidenced by numerous awards and recognition.