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Financial Reporting

Welcome to the Vena Solutions Financial Reporting Blog. From business insights to industry best practices, learn how to create accurate reports in less time. (3)

Report: 55% of Businesses Have Not Invested in a Business Intelligence Tool

October 21, 2020 |

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The Top 5 Data Challenges Facing Finance Teams in 2020

Data drives modern business. It provides a foundation of information that lets your finance team look back at what your organization has already done, better understand what’s happening in the moment and see forward into what’s ahead. In doing so, it allow......

August 27, 2020 |

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How To Use Leading and Lagging Indicators To Create an Early Warning System for Change

Market and business model changes can seem insurmountable—and planning with agility feels difficult when that change is looming. So how do finance teams stay on top of it? When Vena surveyed 350 business leaders and finance and operations professionals for......

August 24, 2020 |

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5 Reasons Why Finance Teams Need To Harness Their Data and Become Better Storytellers

Harvard professor Dr. Howard Gardner once wrote, “Stories constitute the single most powerful weapon in a leader’s arsenal”. It’s a statement that’s just as true for financial leaders as for anyone. But transforming financial professionals from reporters i......

May 13, 2020 |

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In Appreciation of Beautiful Financial Reports

Don’t just focus on getting the numbers right — transformative CFOs turn rows and columns into a visual story that lasts Not long ago, I spent almost an entire day formatting — then reformatting — an internal management report that I hated. It wasn’t a pro......

January 15, 2018 |

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Increasing the Trust Factor in Your Performance Data

If you don't have confidence in your final numbers or underlying processes, your plans aren't going to be informed….but you're not alone. Clench your stomach muscles. Take a deep breath, and hold it. Cast your eyes down so no one can see the expression on ......

August 25, 2017 |

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How To Build Dashboards That Overcome The Doubters

Quote by Christopher Lah, Revenue Cycle Senior Director at Cincinnati Children’s Hospital: Putting the right information into one place should enable better decision-making, but first you need to avoid the most common design traps. If you’re driving a car,......

April 14, 2017 |

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What Makes KPIs Meaningful: A Holistic Look

Even if you’re not in danger of joining the “cult of metrics,” it’s worth factoring in informal forces and the impact of digital changes. Finance leaders may not see eye-to-eye on everything, but they can all agree that without metrics, an organization wil......

March 29, 2017 |

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What Seems Like A Financial Reporting Add-On May Soon Become Essential

Forward-looking KPIs and other attempts at generating deep insight could become part of an emerging trend in supplemental financial disclosure packages. Sometimes, after watching a particularly long PowerPoint presentation, you might see the “Appendix” sli......

February 5, 2017 |

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How to Overcome ‘Change Fatigue’ In Financial Reporting

Everyone agrees there has to be a better way for CFOs and their teams to share data. But does that better way have to feel so unsettling? The symptoms of “change fatigue” may be subtle, but trained managers learn to recognize them. It could be marked by em......

November 24, 2016 |

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