Press Release
Vena Launches Advanced Financial Consolidation Solution, Expanding Orchestrated Planning, Decisioning and Close for the Office of Finance
Building on Vena’s established consolidation capabilities, the new independently available solution delivers advanced multi-entity consolidation, governed close and AI-powered analysis. TORONTO, Aug. 26, 2026 — Vena Solutions, a leader in Microsoft-native financial and operational planning, today announced the general availability of Vena Financial Consolidation, an advanced Excel-native solution built for complex multi-entity consolidation. It gives finance teams a purpose-built consolidation engine for governed close and audit-ready reporting, with the option to connect consolidated actuals directly to planning, reporting and decisioning within Vena. With this launch, Vena now offers advanced financial consolidation as a standalone solution for organizations managing complex close requirements, while also advancing its vision for Microsoft-native Orchestrated Planning, Decisioning and Close. Organizations can adopt Vena Financial Consolidation independently or connect it to planning and reporting within Vena, reducing the manual handoffs, reconciliation work and fragmented tools that can slow the path from financial close to business decision. Vena Financial Consolidation builds on Vena’s established Excel-native close and consolidation capabilities with an advanced solution purpose-built for organizations managing increasingly complex multi-entity structures, sophisticated ownership models, multiple currencies and demanding reporting requirements. Vena’s 2026 FP&A Impact Report found that 90% of finance professionals surveyed still use Microsoft Excel for modeling and reporting. That persistence reflects more than familiarity. Excel remains where many finance professionals think, analyze and validate results. The problem emerges when increasing organizational complexity forces teams to surround those workflows with manual consolidation, fragmented systems and uncontrolled handoffs. Vena Financial Consolidation preserves the native Excel experience while adding the advanced consolidation engine, automation, governance and auditability required to manage complex financial structures at scale. “Finance and accounting teams know Excel and value its flexibility, familiarity and power. The challenge is making that experience work at the scale and complexity of today’s close,” said Andrew Stanbridge, Senior Vice President of Product at Vena. “Vena Financial Consolidation gives teams an advanced, standalone consolidation solution built for that complexity with the option to connect close to planning, reporting and the decisions that follow in the same Vena environment. That gives Finance more time to understand the numbers, trust the outcome and act on what they learn.” From Fragmented Close to Governed Financial Performance First unveiled at Excelerate Finance Fest 2026, Vena Financial Consolidation extends Vena’s established close capabilities with a standalone solution designed for organizations managing more complex consolidation requirements. The solution automates and governs complex consolidation processes including intercompany matching and eliminations, multi-currency translation, ownership and equity structures and top-side adjustments. Workflow, versioning, period locking, entity-level security, audit history and native data provenance provide a traceable record of how consolidated results were produced. Audit readiness becomes even more important as finance teams introduce greater automation and AI into processes tied to financial reporting. Faster analysis alone cannot make a financial result trustworthy. Finance and accounting teams need to understand where the data came from, which rules were applied, what changed, who approved it and how the final number was produced. Vena AI applies trusted financial data and consolidation-specific context to help finance teams surface variances, identify breaks, explain changes and generate executive-ready insights within a governed environment. Future Vena Omega capabilities, strengthened by technology and expertise from Vena’s recent acquisition of Morpheo AI, are expected to add cumulative business context over time, enabling increasingly relevant AI experiences across close, reporting, planning and decision-making. One Financial System From Actuals to Action Many finance teams still run consolidation as a separate process or point solution, creating additional reconciliation between actuals, forecasts, plans and management reporting. Vena gives organizations the option to connect consolidation, planning and reporting within the same governed Excel-native environment. This creates greater continuity across actuals, plan and forecast, reduces manual handoffs and gives finance teams a more consistent foundation for understanding performance and deciding what to do next. For organizations that choose a connected approach, keeping consolidation, planning and reporting within Vena advances the broader vision for Orchestrated Planning, Decisioning and Close by linking the financial processes that explain what happened with the planning and decision workflows that determine what happens next. Organizations are already using Vena to manage significant multi-entity complexity while improving efficiency across planning, reporting and financial close. OEG uses Vena to consolidate financial results across more than 90 entities and 19 currencies, while customers including Capstone Infrastructure and Tanger Outlets have cut month-end close times by as much as 50%. “As OEG has grown, we needed a more scalable way to manage financial consolidation,” said Claire Kerr, FP&A manager at OEG. “Vena has helped us replace a highly manual process with a more consistent and structured approach, giving our team greater confidence in the numbers and making it easier to deliver trusted financial reporting as the business continues to scale.” Expanding Vena Across the Office of Finance With Vena Financial Consolidation now generally available, Vena expands its role across the Office of Finance, giving organizations a path to consolidate, plan, report and increasingly apply AI within the same governed environment. For finance teams already operating in Microsoft, that means greater continuity from close to decision while preserving the Excel experience they know and extending the governance, automation and intelligence required as the business grows more complex. Vena Financial Consolidation is now generally available. To learn more about Vena Financial Consolidation, visit the Vena website. About Vena Vena is the leader in Microsoft-native Orchestrated Planning, Decisioning and Close across Excel, Power BI, Azure and Fabric. With governed financial and operational data, cumulative business context and purpose-built AI agents embedded in the flow of work, Vena connects planning, consolidation, reporting and decision-making so organizations can automate work and move from insight to governed action with greater speed and confidence. Thousands of organizations worldwide rely on Vena to perform better and achieve more. For more information, visit venasolutions.com. Media Contact PAN Communications Vena@pancomm.com Frequently Asked Questions What is Orchestrated Planning, Decisioning and Close? Orchestrated Planning, Decisioning and Close is Vena’s approach to connecting financial close, consolidation, planning, reporting within a governed environment. By orchestrating people, processes, data and AI, finance teams can move faster from trusted actuals to analysis, plans, decisions and action, reducing the manual handoffs and disconnected systems that create delays between understanding performance and acting on it. What is Vena Financial Consolidation? Vena Financial Consolidation is an advanced, standalone Excel-native financial consolidation solution for multi-entity organizations. It combines sophisticated consolidation, governed close and audit-ready reporting with the same Vena environment finance teams can use for planning and performance management. It supports requirements including intercompany matching and eliminations, multi-currency translation, ownership and equity structures, top-side adjustments, workflow, controls and audit history. Who is Vena Financial Consolidation designed for? Vena Financial Consolidation is designed for controllers, group controllers, VPs of Finance, CFOs and finance teams managing multi-entity organizations. It is suited to organizations that have outgrown spreadsheet-driven consolidation as well as those looking to replace an existing consolidation system while preserving the flexibility and familiarity of Excel. Can Vena Financial Consolidation be purchased independently? Yes. Vena Financial Consolidation is available independently Organizations that also use Vena for planning and reporting can connect trusted actuals directly into those processes within the same governed environment. How does Vena Financial Consolidation connect with planning and reporting? Vena connects consolidation, planning and reporting within the same governed environment. Consolidated actuals can remain connected to the processes finance teams use to analyze performance, update forecasts and build plans, reducing the reconciliation and manual handoffs created when close operates separately. This creates greater continuity across actuals, plans and forecasts and a more consistent foundation for deciding what happens next. How does Vena Financial Consolidation use AI? At general availability, Vena AI applies trusted financial data and consolidation-specific context to support analysis, reporting and close processes within a governed environment. It can help finance teams surface variances, identify breaks, explain changes and generate insights while operating within Vena’s permissions and workflows. Over time, Vena expects to extend these experiences through Vena Omega and cumulative business context, deepening how Vena AI understands how each organization closes, reports, plans and decides. What does Excel-native mean in Vena Financial Consolidation? Excel-native means finance teams can work within the native Microsoft Excel experience while Vena provides the structured data, consolidation logic, workflow, controls, permissions and auditability required for governed financial processes. Teams retain Excel’s familiar functionality without relying on disconnected spreadsheets to manage the consolidation process. How does Vena Financial Consolidation support audit readiness? Vena Financial Consolidation embeds controls, workflow, versioning, period locking, entity-level security, audit history and data provenance into the consolidation process. This helps finance teams trace where data came from, understand which rules and adjustments were applied, see what changed and maintain a record of how consolidated results were produced. Why use Vena Financial Consolidation instead of a separate consolidation point solution? Vena Financial Consolidation delivers standalone value for consolidation and close while preserving the native Excel experience. Unlike a disconnected point solution, it can also connect consolidated actuals directly to planning, forecasting and management reporting within Vena, reducing the need to rebuild or reconcile results across systems. Finance teams can start with consolidation and extend into a connected path from trusted actuals through analysis, planning and the decisions that follow when they choose. How is Vena Financial Consolidation different from spreadsheet-based consolidation? Spreadsheet-based consolidation can become difficult to govern as organizations add entities, currencies, ownership structures and reporting requirements. Vena preserves the flexibility of Excel while moving consolidation logic, workflow, controls, permissions and audit history into a governed system. This reduces reliance on manual file aggregation, spreadsheet reconciliation and key-person knowledge as organizations scale. What consolidation processes does Vena Financial Consolidation support? Vena Financial Consolidation supports sophisticated multi-entity consolidation processes including intercompany matching and eliminations, multi-currency translation, ownership and equity structures, top-side adjustments and audit-ready reporting. Workflow, controls, period locking, entity-level security and audit history help standardize how consolidation work moves through the close. What advanced capabilities does Vena Financial Consolidation add beyond Vena's existing consolidation capabilities? Vena Financial Consolidation builds on Vena's established consolidation foundation with a purpose-built standalone solution for organizations managing more complex multi-entity requirements. It adds deeper automation and control across intercompany matching and eliminations, multi-currency translation, ownership and equity structures and top-side adjustments, supported by capabilities including workflow, versioning, period locking, entity-level security, audit history and data provenance. Vena AI also applies trusted financial data and consolidation-specific context to support analysis and reporting within the close process. Together, these capabilities allow Vena to support more sophisticated consolidation requirements while preserving the native Excel experience. Can organizations use Vena Financial Consolidation without replacing Excel? Yes. Vena Financial Consolidation is Excel-native, allowing finance teams to continue working in the native Excel environment while adding governed data, consolidation logic, automation, workflow and auditability around the process. What is Vena Omega and how does it relate to Vena Financial Consolidation? Vena Omega is Vena's cumulative context engine, designed to power Vena AI for finance and business performance. It brings together governed enterprise data with the definitions, assumptions, calculations, relationships, workflows, approvals and historical decisions that give that data meaning, helping Vena AI understand how each organization plans, performs and decides. Morpheo AI's technology, now part of Vena following the recent acquisition, strengthens the data and context foundation behind Vena Omega by helping prepare, structure and enrich fragmented enterprise data. At general availability, Vena Financial Consolidation uses trusted financial data and consolidation-specific context to support AI-powered analysis. Future Vena Omega capabilities are expected to add cumulative business context over time, enabling increasingly relevant AI experiences across close, reporting, planning and decision-making.
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