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3 Ways Our New Modeler Wizard Makes Your Planning Easier

August 31, 2021 Zach Bailey  
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Here at Vena, we’re always working on creating the best version of our product. That’s why this month, you can look forward to using our new modeler wizard feature. Read on to discover three ways our new modeler wizard can help make your finance and operations planning so much easier. 

1. Learn Best Practices for Business Data Modeling

With our new modeler wizard, you can learn the best practices for data models. You can use a standard data model template based on our own expert recommendations, or you can customize and build your data model yourself. With Vena’s recommended model, you have eight standard dimensions that are included as part of Vena best practices. Each standard dimension includes a pre-built hierarchy.

Moving GIF of the Vena Data Model, account rec being searched as a data model.
You can edit the name associated with each dimension and add additional dimensions as well. Once you save your model, you will be redirected to the Vena data model list which will automatically refresh to show your new data model.

2. Full Customization Is Still Possible

Sometimes you know what you want when it comes to building out your models. That’s why our modeler wizard allows you to fully customize your own models with our “configure your own model” tool. 

Add dimension drop down menu from the Vena data model.

While the wizard functions as a starting point, with the standard dimensions being based on industry best practices, users can still add their own dimensions, as needed. This feature is available in both the standard model and the "build your own" model option. 

You can add your own dimensions by selecting the Add Dimension button and selecting from the drop-down list. You can choose from standard dimensions or create your own by selecting the Add new option at the bottom of the drop-down.

Adding the parameters of month to the Vena data model to show customization.


3. A More Formalized and Guided Process of Creating a Data Model

When you are building out a new business model, following modeling best practices is key to helping you develop the best version of your business model. Vena provides a guided solution that takes you through a series of steps to build your model. For example, Vena provides naming conventions for modeler data and also provides eight standard dimensions within the recommended model. 

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