MAKEEN Energy Accelerates Financial Consolidation and Unlocks Deeper Insights With Vena

Reduced consolidation time from 1–2 days to approximately 2 hours

Improved data accuracy and consistency across global entities

Enabled deeper margin and segment-level insights for better decision making

The Challenge: Scaling Financial Processes Without the Right Foundation

MAKEEN Energy supports global gas operations with a full range of services, including equipment, consulting, training and digital tools. As the business grew, so did the complexity of its financial landscape. With multiple ERP systems and global entities reporting in different ways, there was a need for a uniform structure.

Without a unified data source, the team had to carry out manual consolidation in Excel, which required significant time and effort. Each reporting cycle involved gathering and validating data from across the organization, often leading to delays and uncertainty around data completeness.

“We used to get a lot of questions we couldn’t answer in the past,” Søren explains. “We didn’t have the transparency we needed.”

The lack of standardization also limited MAKEEN Energy’s ability to analyze performance across business segments in depth. Data existed, but without a centralized system, it was difficult to extract required insights or ensure consistency across reports.

Recognizing the need for a more scalable and transparent approach, the team began searching for a solution that could unify planning, consolidation, and reporting while still leveraging the familiarity of Excel.

Engineer in safety gear walking through an industrial power plant facility, inspecting equipment.

Bringing Speed, Structure, and Transparency to Finance With Vena

With Vena, MAKEEN Energy transformed its financial processes by combining the flexibility of Excel with the power of a centralized data model.

The implementation, delivered in partnership with Finext, provided the foundation for automated consolidation, standardized reporting and improved data governance across the organization. Finext worked closely with the team to configure the solution and adapt it to MAKEEN Energy’s unique requirements, while remaining flexible throughout the process.

One of the most immediate impacts was speed: what once took days can now be completed in just a couple of hours, freeing up valuable time for analysis instead of manual work.

Beyond efficiency, Vena enabled MAKEEN Energy to improve the quality and depth of its reporting. The finance team can now track reporting progress in real time across entities, ensure consistency in how data is submitted and structured, and drill into performance by segment, project type, and margin contribution, giving them a clearer and more reliable view of the business.

“We can now see how far people are in the reporting process and ensure better data quality than we’ve ever had before,” Søren says.

The ability to standardize and segment data has also unlocked new strategic insights. MAKEEN Energy can now clearly see margin differences across business lines and project types, helping validate assumptions and guide better decision making.

Just as importantly, the Excel-native experience has made it easier for users across the business to adopt the system. Teams can continue working in a familiar environment while benefiting from centralized control and automation, driving stronger collaboration between local entities and corporate finance.

Looking ahead, MAKEEN Energy is focused on optimizing its Vena environment and building a long-term roadmap to expand its use across the business. With a solid foundation in place, the team is well-positioned to extend Vena’s capabilities into new areas of planning and analysis.