Newsroom (14)

Vena Solutions Joins Commonwealth Trade Initiative to Connect with Customers, Partners Across 53 Member Countries. … Continue Reading Vena Brings Enterprise Excel Platform to Commonwealth… Vena Solutions Joins Commonwealth Trade Initiative to Connect with Customers, Partners Across 53 Member Countries. London, UK (June 1, 2016) – Vena Solutions, the fastest growing provider of cloud-based corporate performance management (CPM) software, today expanded its global reach by announcing its participation in the Commonwealth Trade Initiative. Unveiled at a launch event in London last week, the Commonwealth Trade Initiative is designed to connect buyers and sellers across the 53 member countries of the Commonwealth. “Turning Excel into an enterprise-class business solution the way Vena does is a truly global value proposition,” said Tim Dearden, Chief Strategy Officer at Vena Solutions. “This is an exceptional and innovative opportunity to bring that value to an even wider global market.” Vena already has offices on four continents and a growing roster of hundreds of clients across the globe. For finance and business departments alike, the company combines Microsoft Excel with enterprise-grade features including: A centralized database of trusted financial and other performance metrics; Sophisticated but easy to design workflow to automate manual spreadsheet processes; Business rules and a detailed audit trail to maintain control and visibility over corporate data; Modelling, reporting and analytics capabilities including Excel’s 400+ built-in functions; Cloud delivery for anytime, anywhere and any device access. “By embracing Excel as a business platform our clients are able to eliminate risks and inefficiencies in their business processes without having to give up their favourite spreadsheet software,” added Dearden. About the Commonwealth Trade Initiative – www.tradecommonwealth.com The Commonwealth Trade Initiative is a web-based platform designed to connect buyers and suppliers across Commonwealth markets to unlock business opportunities. The program is led by AMPP Group and the Commonwealth Enterprise and Investment Council (CWEIC). The CWEIC is not for profit membership organization established in July 2014 to promote trade, investment and the role of the private sector across the 53 member countries. The CWEIC works with member companies to expand their businesses and to help with new investments in any Commonwealth country. About Vena Solutions – www.venasolutions.com Vena turns Excel into an enterprise-class business solution with a centralized database, workflow, detailed audit trail and more. With Vena, hundreds of leading global brands now get trusted numbers and insights – fast – without sacrificing the investments they’ve made in Excel templates, models and reports. Our customers use Vena for corporate performance management (CPM) applications including budgeting, financial close management, reporting, and automating other spreadsheet driven processes across and beyond finance. Vena is the fastest growing cloud CPM vendor, and the only one to embrace – not replace – Excel spreadsheets. Media Contact: Michael Corcoran (416) 529-5709 mcorcoran@venasolutions.com

San Jose, CA (May 18, 2016) – Vena Solutions achieves “Built for NetSuite” Status. Vena Solutions, the… Continue Reading Vena Solutions Achieves “Built For NetSuite” Status The post Vena Solutions… San Jose, CA (May 18, 2016) – Vena Solutions achieves “Built for NetSuite” Status. Vena Solutions, the fastest growing provider of cloud-based corporate performance management (CPM) solutions, today announced that the company’s integrated CPM SuiteApp has achieved ‘Built for NetSuite’ status. Built using NetSuite’s SuiteCloud Platform, Vena for NetSuite offers a unified finance and accounting management solution with a unique, native Excel interface. Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides them with information, resources and a method to verify that their applications and integrations, built using the NetSuite SuiteCloud Computing Platform, meet NetSuite’s standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps have been built to meet these standards. “This is really a ‘best of both worlds’ scenario for our mid-market and enterprise customers,” said Don Mal, CEO of Vena Solutions. “With the Vena for NetSuite SuiteApp, we’re combining the power of NetSuite with the familiarity of Excel.” The Vena for NetSuite SuiteApp combines Excel with enterprise-grade features including a centralized database, workflow and collaboration functionality, version control and automated source system integration – including NetSuite’s backend ERP processes. As a result, the companies’ mutual customers can now enjoy greater efficiencies while staying in a familiar Excel environment, for business processes including: Budgeting, planning and forecasting; Financial close management (month-end, quarterly, year-end close); Management and regulatory reporting; Real-time modeling and analytics including variance analysis against forecasted data; Any repeatable, Excel-based process across and beyond finance. Added Mal, “while we expect early adoption in finance and accounting, the bigger picture is allowing our customers to automate any spreadsheet-driven business process – from HR to marketing to legal operations – across their organizations.” For more information on Vena and NetSuite, please visit us at booth 435 at SuiteWorld or www.suiteapp.com/Vena. For more information on SuiteWorld, please visit www.netsuitesuiteworld.com or on social media using #NSW2016. For information about Built for NetSuite SuiteApps, please visit www.netsuite.com/BuiltforNetSuite. For more information about the integrated solution, please visit www.suiteapp.com. About Vena Solutions – www.venasolutions.com Vena turns Excel into an enterprise-class business solution with a centralized database and features including workflow, version control and a detailed audit trail. With Vena, hundreds of leading global brands now get trusted numbers and insights – fast – without sacrificing the significant investments they’ve already made in Excel templates, models and reports. They use Vena for corporate performance management (CPM) applications including budgeting, forecasting, financial close and reporting, in addition to managing business drivers and KPIs outside of finance. Vena is the fastest growing cloud CPM vendor, and the only one to embrace – not replace – Excel spreadsheets. About SuiteCloud NetSuite’s SuiteCloud is a comprehensive offering of cloud-based products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry’s leading provider of cloud-based financials / ERP software suites, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built on top of mature and proven business processes. The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) who build apps for SuiteCloud. All available SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit www.netsuite.com/developers. NOTE: NetSuite, the NetSuite logo and Built for NetSuite are service-marks or trademarks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners. MEDIA CONTACT Michael Corcoran (416) 529-5709 mcorcoran@venasolutions.com

Vena Solutions, the fastest growing cloud-based provider of corporate performance management (CPM) software, announced that 2015 was another record year. January 27, 2016 (Albany, NY) –Vena Solutions, the fastest growing cloud-based provider of corporate performance management (CPM) software, today announced that 2015 was another record year for the company, with sales more than doubling from 2014. Fuelled in large part by the company’s approach to embracing Excel as an enterprise-class business solution, Vena’s 2015 highlights include (all figures Y/Y): 170% growth in software sales bookings 110% growth in annual recurring revenue (ARR) 88% growth in enterprise customers “These results put us squarely on track with our ambitious growth and market leadership goals,” said Don Mal, CEO of Vena Solutions. “They clearly establish Vena as the fastest growing vendor in the performance management space.” In addition to its focus on enterprise-grade Excel, key drivers behind Vena’s exponential growth rate include: Excel Approach Validation: Vena’s “embrace Excel” approach continues to be the primary decision making factor for the company’s clients, both new client wins and existing license expansions. What’s more, the company is seeing a growing degree of third party validation, from analyst coverage to industry awards – even competitors adopting Excel-like add-ons in an attempt to follow Vena’s lead. Continuous Improvement & Innovation: Vena’s product roadmap for 2016 includes a wide range of innovations, from new systems integrations and support to advanced analytics and business intelligence (BI). Key innovations and improvements for the coming year include Web grids and cloud spreadsheet integration, mobile dashboards and data discovery features, all backed by 24/7 support. World-Class Talent: Vena is quickly becoming recognized as a leader in attracting and retaining a world-class team with renowned expertise spanning finance, accounting, enterprise software and services delivery, and industry vertical expertise from financial and legal services to higher education. Just as importantly, Vena’s growing network of global business partners has extended the company’s footprint across four continents, with more on the way. Added Mal, “from improving on an already industry-leading product to expanding into new markets in the Middle East and Asia, it’s clear that 2016 is going to be another banner year for Vena.” About Vena Solutions – www.venasolutions.com Vena turns Excel into an enterprise-class business solution with a centralized database and features including workflow, version control and a detailed audit trail. With Vena, hundreds of leading global brands now get trusted numbers and – fast – without sacrificing the significant investments they’ve already made in Excel templates, models and templates. They use Vena for corporate performance management (CPM) applications including budgeting, forecasting, financial close and reporting, in addition to managing business drivers and KPIs outside of finance. Vena is the fastest growing cloud CPM vendor, and the only one to embrace – not replace – Excel spreadsheets. Media Contact Michael A. Corcoran Vena Solutions mcorcoran@venasolutions.com (416) 529-5709

October 28, 2015 (Albany, NY) – Financial Close Management (FCM) continues to drive business growth and… Continue Reading Vena’s Financial Close Management Wins Product of the Year October 28, 2015 (Albany, NY) – Financial Close Management (FCM) continues to drive business growth and industry recognition for Vena Solutions, the fastest growing cloud-based provider of corporate performance management (CPM) software. Most recently, Vena’s FCM solution was named Finance Product of the Year by the Business Intelligence Group. “It is clear that Vena gets the issues their customers face and that they know the tools their customers need to be using,” said Adam Dalezman, Communications Manager at Synthesio and member of the award judging panel. Vena’s FCM solution combines companies’ existing Excel spreadsheets with a centralized database and enterprise-class workflow to automate the entire financial close process. In doing so, Vena provides an easy to use, quick to adopt and end-to-end solution for one of the most manual, time-intensive and error-prone processes in corporate finance departments. “There is no question why Vena is the fastest growing cloud CPM vendor” “This award is really a two-fold validation for us,” said Don Mal, CEO of Vena Solutions. “First in our steadfast commitment to Excel as an enterprise business solution, and second in our unified, end-to-end approach to financial close management.” “There is no question why Vena is the fastest growing cloud CPM vendor,” added Dalezman. “Through products like Vena FCM, they will continue to succeed and make products that will exponentially help their customers get their work done in a timely and efficient manner.” For more information on the Business Intelligence Group Awards, visit http://www.bintelligence.com/ About Vena Solutions – www.venasolutions.com Vena turns Microsoft Excel into an enterprise-class business solution with features including a centralized database, workflow, version control and a detailed audit trail. With Vena, hundreds of leading brands are now getting trusted numbers and insights – fast – without sacrificing the Excel spreadsheets they know and use. They use Vena for financial and strategic corporate performance management (CPM) applications including budgeting, forecasting, financial close management, reporting and disclosure. Vena is the fastest growing cloud CPM vendor, and the only one to embrace – not replace – Excel spreadsheets. Media Contact: Michael A. Corcoran Vena Solutions mcorcoran@venasolutions.com (416) 529-5709

Enterprise-class spreadsheet company Vena Solutions opening Australian offices to expand global presence across four continents September… Continue Reading Vena Opens Doors Down Under After… Enterprise-class spreadsheet company Vena Solutions opening Australian offices to expand global presence across four continents September 29, 2015 (Albany, NY) – On the heels of a highly successful first year in South Africa, Vena Solutions is proud to announce the upcoming opening of Vena Australia. The fastest growing cloud-based provider of corporate performance management (CPM) software, Vena will now have offices spanning four continents with customers in dozens of countries. Just 15 months after announcing Vena South Africa, the company has quickly established a national presence and early market leadership in financial and strategic CPM solutions based on enterprise-class Excel spreadsheets. Vena South Africa already boasts a client base spanning hundreds of users across industries including financial services, mining, agriculture and telecommunications. “Stay tuned for more news from Vena Australia, and even more next year…Looking at 2016, we already have our sights set on Hong Kong, Singapore and the Middle East as ripe markets for enterprise-class Excel solutions.” “This has been a great year for Vena’s growth, both overall and in particular through our expansion outside of North America,” said Don Mal, CEO of Vena Solutions. “With offices in the United States, United Kingdom, Netherlands and South Africa, Australia is a natural next step in the company’s global expansion plans.” Vena Australia is in the final stages of establishing a continent-wide network of trusted and well connected solutions partners. With this network in place, and a growing track record of providing industry-specific solutions, the company anticipates initial client wins in Australia’s financial services, mining and public sectors. “Stay tuned for more news from Vena Australia, and even more next year,” added Mal. “Looking at 2016, we already have our sights set on Hong Kong, Singapore and the Middle East as ripe markets for enterprise-class Excel solutions.” About Vena Solutions – www.venasolutions.com Vena turns Microsoft Excel into an enterprise-class business solution with features including a centralized database, workflow, version control and a detailed audit trail. With Vena, hundreds of leading brands are now getting trusted numbers and insights – fast – without sacrificing the Excel spreadsheets they know and use. They use Vena for financial and strategic corporate performance management (CPM) applications including budgeting, forecasting, financial close management, reporting and disclosure. Vena is the fastest growing cloud CPM vendor, and the only one to embrace – not replace – Excel spreadsheets. Media Contact: Michael A. Corcoran mcorcoran@venasolutions.com (416) 529-5709

Enterprise-class spreadsheet provider more than doubles quarterly sales – again August 18, 2015 (Albany, NY) –… Continue Reading Financial Close Management Helps Drive Record Quarter for Vena The… Enterprise-class spreadsheet provider more than doubles quarterly sales – again August 18, 2015 (Albany, NY) – Vena Solutions, the fastest growing cloud-based provider of corporate performance management (CPM) software, today announced its fourth consecutive quarter of record growth. Driven in part by the company’s recently launched Financial Close Management (FCM) application, Vena’s Q2 2015 growth figures include (all figures Y/Y): 120% increase in sales bookings; 270% increase in annual recurring revenue; Increase in deal size (seats) by a factor of 2.2. “Vena’s success stems from letting our customers use their existing Excel spreadsheets to automate complex financial processes,” said Don Mal, CEO of Vena Solutions. “FCM is a particularly challenging one involving numerous detailed tasks, including account reconciliations, consolidation and an ever changing set of regulatory reporting requirements.” In addition to FCM, significant drivers of Vena’s continued record growth include: Significant investments – more than doubling resources – in its Customer Success program to ensure clients continue to get the most out of Vena; Achieving National Association of State Boards of Accountancy (NASBA) accreditation for the company’s Continuing Professional Education (CPE) credit training and educational courses; Building on its regulatory reporting product offering through a strategic partnership with disclosure management leader Certent; Rapidly deploying new applications for a changing regulatory landscape for financial institutions, namely the Dodd-Frank Act Stress Test (DFAST) and Comprehensive Capital Analysis and Review (CCAR); Signing an almost $50-billion a year financial services company onto Vena’s cloud-based solution. Added Mal, “our clients know the role spreadsheets play in the way you get work done, which is why our approach – embracing Excel – is really the way you think.” About Vena Solutions – www.venasolutions.com Vena turns Excel into an enterprise-class business solution with capabilities including a centralized database, workflow, version control and a detailed audit trail. With Vena, hundreds of leading brands are now getting trusted numbers and insights – fast – without sacrificing the Excel spreadsheets they know and use. They use Vena for financial and strategic corporate performance management (CPM) applications including budgeting, forecasting, financial close management, reporting and disclosure, in addition to managing a growing array of operational drivers and KPIs. Vena is the fastest growing cloud CPM vendor, and the only one to embrace – not replace – Excel spreadsheets. And the results speak for themselves. Media Contact: Michael A. Corcoran Vena Solutions mcorcoran@venasolutions.com (416) 529-5709 The post Financial Close Management Helps Drive Record Quarter for Vena appeared first on Vena Solutions.

Pleasanton, CA – July 29, 2015 – Certent, a leading provider of software as a service… Continue Reading Certent and Vena Team Up to Streamline Financial Compliance & Performance Management The… Pleasanton, CA – July 29, 2015 – Certent, a leading provider of software as a service (SaaS) solutions for equity compensation management, financial reporting for ASC718, and regulatory disclosures with the SEC, announces a strategic partnership with Vena Solutions, a leader in cloud-based Corporate Performance Management (CPM). Vena’s approach to CPM turns Microsoft® Excel® into an enterprise-class business solution with a centralized database, workflow and business rules. As a result, finance leaders can trust the security, accuracy and integrity of their numbers, while benefiting from the flexibility and unmatched computing power of Excel. Certent’s Disclosure Management platform accesses the financial performance data within Vena and allows users to link this data across Microsoft products, updating tables and content from spreadsheets directly into regulatory documents in Microsoft Word and management and board reports in Microsoft PowerPoint. By connecting the reporting process from one step to the next, companies increase efficiency and maintain one version of the truth. Once the data is in the Disclosure Management platform, teams can collaboratively edit, comment on, and review financial disclosures simultaneously – including XBRL tagging. The platform also enables the reporting team to easily generate, present, and exchange data both internally and externally. Users can prepare SEC-compliant submissions, XBRL, and EDGARized HTML based upon a single source document and file directly with the SEC. “The Vena/Certent partnership came about because both companies share the perspective of allowing users to leverage advanced technology in the environment they prefer to work in, Microsoft Excel,” said John Neider, Director of Partnerships and Alliances for Certent. “Trusted, up to date numbers are the cornerstone of effective financial management, nowhere more so than in regulatory reporting and compliance,” said Don Mal, CEO of Vena Solutions. “With Certent, our customers can maintain that trust in the numbers from the earliest planning stages right through to regulatory filings, all within the familiar environment of Excel. And that translates into smarter decisions and more informed stakeholders.” ABOUT CERTENT Certent makes it easier for companies to meet their financial compliance requirements. Certent’s user-friendly, web-based technology streamlines equity plan management, financial reporting for ASC718, and financial filings (in XBRL and HTML) with the U.S. SEC. With technology based on in-depth accounting expertise, an open ecosystem of industry partners, and an expert services organization focused on customer success, Certent has helped more than 1,300 companies worldwide innovate their financial compliance processes. ABOUT VENA SOLUTIONS Vena Solutions has redefined how companies automate their most mission-critical finance, accounting and business processes. Our platform embraces the best of Microsoft® Excel®, extending and evolving its capabilities to create a next-generation enterprise solution that is powerful, yet intuitive. Vena is a first-to-market solution that offers the most comprehensive suite of cloud-based corporate performance management (CPM) capabilities with a quick deployment methodology – all without compromising what you love best about Excel. For more information please visit www.venasolutions.com. The post Certent and Vena Team Up to Streamline Financial Compliance & Performance Management appeared first on Vena Solutions.

Unique solution streamlines CCAR and DFAST submissions TORONTO, Canada, June 15, 2015 – Vena Solutions, the… Continue Reading US and Global Banks Deploying CCAR / DFAST Solution from Vena… Unique solution streamlines CCAR and DFAST submissions TORONTO, Canada, June 15, 2015 – Vena Solutions, the fastest growing provider of Dodd-Frank Act Stress Tests (DFAST) and Comprehensive Capital Analysis and Review (CCAR) software, announced today that multiple US and global banks have deployed its CCAR / DFAST solution to improve the efficiency and accuracy of CCAR and DFAST submissions. Vena is now involved in CCAR / DFAST submissions at banks whose total combined assets exceed $1.3 trillion dollars. CCAR and DFAST are annual mandated exercises that help the Federal Reserve assess whether bank holding companies operating in the United States have sufficient capital to continue operations in times of economic and financial stress. Vena’s CCAR / DFAST solution combines native Microsoft Excel® with a centralized, in-memory database and powerful workflow management, delivering agility and flexibility and giving users control over the whole process. Vena: Facilitates data collection at a level more granular than FR Y-14A and supports the collection of data at alternate (business/management) views of data. With Vena, data can be collected once and shared across any number of models, as required. Supports XML file creation for FR Y-14A submissions. Validates the FRB’s edit checks catching errors early in the process and ensuring the submission is error-free. Delivers role-based security. Includes a full audit trail. Leverages the Federal Reserve Bank’s (FRB) Micro Data Reference Manual (MDRM) codes. As a result, banks continue to work in a familiar Excel environment while gaining more insight into and control over CCAR and DFAST data collection, data aggregation and filing processes. “Bank executives understand the challenges with CCAR and DFAST compliance and the stress it puts on their organization,” explains Don Mal, CEO of Vena Solutions. “That’s why most are investing in CCAR / DFAST software to ensure the accuracy of their submissions and the efficiency of their processes.” For more information about Vena’s CCAR and DFAST solutions, visit Vena’s website.

Explosive growth driving further investment in customer base. Vena Solutions, the fastest growing provider of cloud-based… Continue Reading Vena Solutions Announces Major Investment in Customer… Explosive growth driving further investment in customer base. Vena Solutions, the fastest growing provider of cloud-based corporate performance management (CPM) software, announced today that the company is extending its major investment in the people, processes and technology that contribute to customer success. Vena’s investment is driven by customer demand for its unique cloud-based solution that combines native Microsoft Excel® with a centralized, in-memory database and intuitive workflow engine. “The Cloud economy is bringing customers and their vendors closer together as their interactions shift from transactional to ongoing relationships,” said Steve O’Neil, SVP Product Management & Customer Success at Vena. “This initiative highlights our commitment to building those relationships”. Closer relationships will help customers get the most value out of their investment in Vena. Vena’s cloud solution delivers a constant stream of enhancements beyond what older, on-premise solutions can offer and Vena’s larger Customer Success team will ensure customers take advantage of these enhancements. Vena is investing in the following: Expansion of the Customer Support team and dedicated Customer Success managers A new customer portal that provides a centralized knowledge base and community for our customers An e-learning training platform for our Customers and Partners Accreditation with NASBA (National Association of State Boards of Accountancy) to deliver CPE credits with our training programs Increased frequency of customer surveys to improve our current product and services offerings “Our explosive customer growth demands this initiative,” explains Don Mal, CEO of Vena Solutions. “We’ve built great relationships with our current customer base and we need to maintain that as we grow at the fastest rate in the industry.” The post Vena Solutions Announces Major Investment in Customer Success appeared first on Vena Solutions.

Finance departments close, consolidate and report while still using native Excel models, formulas and templates Toronto,… Continue Reading Vena Solutions Launches Financial Close Management… Finance departments close, consolidate and report while still using native Excel models, formulas and templates Toronto, Canada, May 28, 2015 –Vena Solutions, the fastest growing cloud-based provider of corporate performance management (CPM) software, is pleased to announce the launch of its new Financial Close Management solution. The new solution leverages native Excel while still handling the complexities of the financial close, the consolidation of financial data and the generation of key financial statements and reports. Vena automates existing close, consolidation and reporting processes and stores them in a centralized database, while using the best-known accounting tool in the world – Microsoft Excel®. Below are just some of the financial processes that Vena automates: Foreign currency translation and related gains and losses The elimination of intercompany balances Accounting for minority (non-controlling) interests Automatic and manual journal entries Mapping of source data to a common, enterprise-wide chart of accounts Auditing of any additions or updates to the data Vena leverages the spreadsheets used in the current financial close management process. Any roll-forward schedule, account reconciliation or supplemental calculations that already exist in Excel spreadsheets can be loaded into Vena and incorporated into the process. “As a CPA and former Chief Financial Officer, I can attest to the value of a world-class financial close management solution,” says Gary Kantz, Vena Solutions’ Director of Close and Consolidate Solutions. “Given the global embrace of Excel, Vena enables users to quickly and easily reduce monthly close cycles from weeks to potentially hours.” Automating these processes frees up accounting staff to perform other, more valuable tasks, such as financial analysis and the creation of more insightful management reports. Accountants will work fewer hours and have a better quality of life; as a result, organizations will experience reduced turnover. Best of all, accountants already know Excel, resulting in minimal training, higher adoption rates and quick implementations. To hear how a customer has benefited from Vena’s financial close solution, watch the following 5 minute video. For more information about Vena Financial Close Management, visit Vena’s website, or register for a demonstration webinar scheduled for Thursday, June 11 at 2pm Eastern time. “We’re not asking people involved in the financial close management process to sacrifice the Excel models, formulas and templates they’ve spent years building,” says Rishi Grover, President, Vena Solutions. “They get to embrace Excel while adding the structure and control they need in an enterprise-class solution.” The post Vena Solutions Launches Financial Close Management Solution That Embraces Excel appeared first on Vena Solutions.