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Financial Close

Welcome to the Vena Solutions Financial Close Blog. Discover tips for closing your books on time, every time. (2)

What Happens When the Financial Close Becomes A ‘Non Event’

December 13, 2016 |

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Consolidation Lessons from the Cupcake Business

Keeping up with demand adding automation and workflow in financial consolidations. It always fascinates me to hear how so many successful companies today started in someone’s basement or garage. Bill Gates, Steve Jobs and the Hewlett-Packard duo are world ......

June 22, 2016 |

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How to Overcome the Barriers to Automated Account Reconciliations

“Change before you have to” – Jack Welch If you believe it’s better to stick with “the devil you know,” it may not be surprising that so many finance departments continue to endure the hellish nature of manual account reconciliation. This is the thing abou......

March 4, 2016 |

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This is Why There’s No Such Thing as ‘Good Enough’ Account Reconciliation

If account reconciliations were a game, Marc Ursick would be the guy who always plays to win. A CPA and consultant, Ursick published an article in the Journal of Accountancy this past November that tried to achieve the seemingly impossible: make account re......

February 3, 2016 |

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Save Valuable Time with these 8 Year-End Equity Plan Tips

Originally published on the Certent Insider blog. In a recent poll, Certent surveyed a cross section of public and private company webinar attendees to find out what participants felt was their biggest challenge associated with year-end close. Over a quart......

November 21, 2015 |

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5 Reasons to Stay in Excel for Financial Close Management

Consider this post a belated but heartfelt ‘Happy Spreadsheet Day’ to all those working in finance departments who have come to appreciate the power of Microsoft Excel. For those who aren’t familiar with this non-statutory “holiday,” Spreadsheet Day fell o......

October 23, 2015 |

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Intercompany eliminations – or even better, victories

Persistent Excel use for intercompany eliminations is painful for accountants…but ripe for automation. Over the years, I have helped customers around the world improve their consolidation processes. It’s always gratifying to see a smile on a customer’s fac......

October 19, 2015 |

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Why Do Accountants Accept Long Hours and Late Nights in Every Month-End Close?

Many companies assume they have an efficient month-end close process, accepting long hours and high pressure as par for the course. Luckily, they’re mistaken. Recently I was speaking to a friend of mine about his decision to go to college to become an acco......

September 3, 2015 |

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