Presented by Steve Welsh Director Solutions Engineering Copyright Vena TM Steve Welsh Steve began his career in finance quickly embracing state of the art technology to internally deliver ID: 812871
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Slide1
1
VENA WEBINAR
Better Enterprise Budgeting with Microsoft Excel®
Presented by Steve WelshDirector, Solutions Engineering
® Copyright
Vena
TM
Slide2Steve Welsh
Steve began
his career in finance, quickly embracing state of the art technology to internally deliver solutions to Operations and the Office of Finance. Subsequently, Steve held senior roles in consulting,
and now solutions engineering where he is responsible for delivering targeted solutions to meet unique business challenges. 2
Director, Solutions Engineering
Slide3Agenda
3
Vena Solutions Introduction
Excel Pains!What Are Our Options?
Benefits of an Automated Excel Platform
Vena Technology Overview
Product Demonstration
Slide4Vena.
The way you think.
4
Created to make businesses work smarter, Vena uses a surprisingly convenient approach to simplify complex business processes.
Slide5Market Landscape
5
Pros:
Flexible
Strong modeling
Powerful calculations
Rich presentation
High user
adoptionCons:Data integrity issuesNo source system integrationManual consolidationsLack of audit-abilityNo process managementSpreadsheet Environment
Pros:
Controlled environment
High data integrity
Database centric
Workflow management
Auditable
Cons:
Takes you
away from
spreadsheets
Rigid, lack of flexibility
IT/consulting intensive
High cost of
ownership
Budgeting
Applications
Financial Close
Applications
Reporting
Applications
Consolidation
Applications
“
Excel-like
Look
&
Feel”
“
Excel-like Functionality”
Flexible
“Replace Excel” Application Environment
Controlled
Slide6Market Landscape
6
Pros:
Flexible
Strong modeling
Powerful calculations
Rich presentation
High user
adoptionCons:Data integrity issuesNo source system integrationManual consolidationsLack of audit-abilityNo process managementSpreadsheet Environment
Pros:
Controlled environment
High data integrity
Database centric
Workflow management
Auditable
Cons:
Takes you
away from
spreadsheets
Rigid, lack of flexibility
IT/consulting intensive
High cost of
ownership
Budgeting
Applications
Financial Close
Applications
Reporting
Applications
Consolidation
Applications
“
Excel-like
Look
&
Feel”
“
Excel-like Functionality”
Flexible
“Replace Excel” Application Environment
Controlled
81
% of
companies
that have
a performance management solution…supplement
it with
spreadsheets.
Pulse Survey
Slide7The problem we address
7
The vena approach
Slide8The vena approach
8
Flexible
MS-Excel
Environment
Controlled
Application
Environment
EASY TO START
MS-Excel for input, modeling
&
reporting
Controlled & dynamically
connected to a central database
EASY TO SCALE
Functionality built to automate and provide visibility for:
Planning & Forecasting
Financial Close & Report
Other MS-Excel Processes
EASY TO USE
Intuitive graphical user
interface to
manage the process, data
and business
rules
Managed by the finance user
Keeps users in a familiar
environment
High adoption rate
Quick template/report build
Powerful process manager
Enhanced Excel
High performing in-memory database
Automate any spreadsheet- based
process“Ultimate Starter Kit”
Slide9Customers of all sizes across industries
9
Slide1010
COMMUNICATION
DATA COLLECTION & VALIDATION
CONSOLIDATION
REVIEW
& APPROVAL
REPORTING & ANALYSIS
Long Term
Planning
BUDGETING
FORECASTING
Management
Reporting
Regulatory
Reporting
Disclosure Note Collection
Account
Reconciliation
Financial Consolidation
Tax Provisioning
Balance Sheet
Flux
Regulatory Reporting
External Reporting
Any
Excel-intensive process
BUSINESS PROCESSES
Repeated & interrelated processes
OPERATIONAL TASKS
Slide11Brief product demo
COLLABORATIVE BUDGET INPUT
WORKFLOW FOR REVIEW & APPROVAL
REPORTING & ANALYTICS11
Slide12Thank you!
12