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2025

2023

IDC MarketScape Positions Vena as a Major Player in Enterprise Planning, Budgeting and Forecasting Applications

Today, Vena announced that it has been named a Major Player in the IDC MarketScape: Worldwide Enterprise Planning, Budgeting and Forecasting Applications 2022 Vendor Assessment (doc #US48985622, December 2022). “Vena provides customers the ability to work the way they think, with familiarity, flexibility and deep, actionable insights that transform the office of finance into a strategic partner to the entire organization,” said Hugh Cumming, Chief Technology Officer for Vena. “We believe our recognition as a Major Player in the IDC MarketScape validates our ability to execute at a level on par with industry leaders in enhancing our customers’ ability to support greater decision-making and planning agility, which is a competitive asset during uncertain times.” The IDC MarketScape report is an assessment of enterprise planning, budgeting and forecasting application vendors in 2022. The IDC MarketScape evaluates the breadth of each vendor’s product portfolio and the level of innovation included, geographical presence and the satisfaction and perception of its customers, as well as the vendor’s overall health. Vena’s position in the IDC MarketScape follows a wave of industry and customer accolades the company received in 2022. Earlier this year, Vena was named a Challenger in the inaugural Gartner Magic Quadrant for financial planning software and was ranked as an Overall Leader in the Dresner Advisory Services 2022 Wisdom of Crowds Enterprise Performance Management (EPM) Market Study. Vena was recognized as a leader in the G2 Grid Report for Budgeting and Forecasting Winter 2023. Vena also received a 2022 Best Software award by TrustRadius, the community-driven product reviews site. About IDC MarketScape IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors. About Vena Vena is the only native Excel Complete Planning platform built for Microsoft 365 with Power BI Embedded. Vena transforms how business, finance and operations leaders Plan To Grow™ with the Vena Growth Engine, the SaaS platform and methodology that empowers and inspires your plans and guides your growth journey. Over 1,300 of the world’s leading companies power their growth with Vena. For more information, visit venasolutions.com. Media Contact Jonathan Paul Senior Director, Content & Communications, Vena jpaul@venacorp.com

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Vena Named a Challenger in the 2022 Gartner® Magic Quadrant™ for Financial Planning Software

Recognized for its ability to execute and completeness of vision Today, Vena announced that it has been named a Challenger in the 2022 Gartner® Magic Quadrant™ for Financial Planning Software. "We are delighted that Vena is positioned as a Challenger in the Magic Quadrant,” said Hugh Cumming, Chief Technology Officer for Vena. “ We believe our native integrations with Microsoft technology enable Vena customers to leverage Microsoft Excel, Power BI and Azure to gain deep insights from their financial and operational data through our advanced AI-driven analytics. We are proud of the Vena team and look forward to continuing to execute against our mission to elevate the strategic office of finance.” Gartner defines financial planning software as “the key tool that enables organizations to manage their enterprisewide financial planning, forecasting and budgeting processes. Financial planning software allows finance organizations to plan and analyze business financial strategy for the organization across all three financial statements (that is, profit and loss, balance sheet and cash flows). It supports modeling, collaboration, analytics and performance-reporting capabilities, all of which enhance a user’s ability to effectively manage financial performance.” This is the latest recognition for Vena in 2022. Earlier this year, the company was named an Overall Leader in the Dresner Advisory Services 2022 Wisdom of Crowds Enterprise Performance Management (EPM) Market Study. Vena was also recognized as a major player in the 2022 IDC Marketscape Enterprise Planning, Budgeting and Forecasting Applications report and as a leader in the G2 Grid Report for Budgeting and Forecasting Winter 2023. Vena also received a 2022 Best Software award by TrustRadius, the community-driven product reviews site. Gartner, Magic Quadrant for Financial Planning Software, Regina Crowder, Matthew Mowrey, et al.., 14 December 2022 . Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Vena Vena is the only native Excel Complete Planning platform built for Microsoft 365 with Power BI Embedded. Vena transforms how business, finance and operations leaders Plan To Grow™ with the Vena Growth Engine, the SaaS platform and methodology that empowers and inspires your plans and guides your growth journey. Over 1,300 of the world’s leading companies power their growth with Vena. For more information, visit venasolutions.com. Media Contact Jonathan Paul Senior Director, Content & Communications, Vena jpaul@venacorp.com

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