Press Release
Vena Named Top Leader in 2024 BARC Planning Survey
Recognized in 34 categories and achieved 17 top ranks, highlighting industry-leading innovation and efficiency in project length, product satisfaction and customer satisfaction for FP&A teams Toronto, June 25, 2024 – Vena, the Complete Planning platform loved by finance and trusted by business, has achieved outstanding recognition in the annual Planning Survey conducted by the Business Application Research Center (BARC). Vena was named a leader in 34 categories and received 17 top ranks, highlighting the company’s leadership and excellence in the planning, budgeting and forecasting software industry. Vena was evaluated across a range of key performance indicators (KPIs), including Project Length, Price to Value, Product Satisfaction, Customer Satisfaction and Workflow. The results illustrate Vena’s strengths extending beyond product capabilities, into project efficiency, business value, exceptional support and innovation, providing unparalleled benefits to its customers. Highlights from the report include: Project Length: Vena outperformed its peers with an impressive 52% of projects completed in under three months, showcasing its capability to swiftly deploy solutions and deliver immediate value to organizations. Product Satisfaction: Vena secured the number one rank in product satisfaction, with 100% of surveyed users expressing their satisfaction with the platform. The flexibility and familiarity of Vena’s tools contribute significantly to this high satisfaction rate, demonstrating the company’s commitment to user-centric design and functionality. Customer Satisfaction: Vena’s tools also earned a top rank for customer satisfaction. Users appreciate the seamless integration with familiar tools like Excel, which enhances usability and efficiency. Price to Value: Vena delivers exceptional value for money, with 90% of surveyed users rating its pricing as excellent or good. This underscores Vena’s dedication to offering cost-effective solutions that provide significant value, making it a compelling option for organizations looking to enhance their financial planning capabilities affordably and effectively. “This prestigious recognition is a testament to the hard work and dedication of our entire team at Vena and it reflects our ongoing commitment to providing our customers with the best possible product and support,” said Hugh Cumming, Chief Technology Officer at Vena. “We are especially proud of our top ranks in project length and customer satisfaction as they highlight our ability to deliver fast, effective solutions that truly meet our customers' needs. Our relentless focus on innovation and efficiency is what drives us forward in the FP&A industry.” “Vena’s excellent rankings in project length, product satisfaction and customer satisfaction highlight the company’s dedication to excellence and customer success,” said Dr. Christian Fuchs, Senior Analyst Data & Analytics at BARC. “The positive customer feedback in our survey proves Vena's ability to implement projects quickly and effectively while ensuring a high level of satisfaction.” The Planning Survey 24 validates Vena’s leadership in the FP&A industry, showcasing its ability to deliver high customer satisfaction and exceptional project efficiency. This recognition adds to Vena’s accolades, including: Being named an IDC Mid-Market Leader Receiving the Hackett Group EPM Digital World Class Matrix Award Winning the Dresner Technology Innovation Award for Financial Consolidation, Close Management, and Financial Reporting Recognized by Nucleus Research as a CPM Industry Leader for the 11th consecutive year The Planning Survey 24 is based on the world’s largest survey of planning software users conducted from November 2023 to February 2024, with 1,272 respondents and analysis of 21 products. It evaluates user feedback on 33 criteria (KPIs), such as Business Benefits, Project Success and Customer Satisfaction. To download a copy of the report, visit here. About Vena Vena is the only Complete Planning platform natively integrated with Microsoft 365. Vena streamlines financial and operational planning, reporting and analysis processes, and provides advanced analytics and modeling capabilities to help business, finance and operations leaders make agile and more informed business decisions. With Vena, you can leverage the power of Excel and AI-powered insights in a unified, cloud-based platform that enhances productivity, collaboration and insights. Over 1,800 of the world’s leading companies rely on Vena to power their planning. For more information, visit venasolutions.com. Media Contact Jonathan Paul Vice President, Content Marketing jpaul@venacorp.com
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