Case Studies

Vena Case Study: Capstone

Vena Solutions - Whitepaper repository

Issue link: https://content.venasolutions.com/i/1008332

Contents of this Issue

Navigation

Page 0 of 0

Background & Challenges • Month-end close combined manual data collection and reconciliation against printed spreadsheets • Manual data entry and consolidation was becoming too time-consuming and error-prone • Overall process lacked version control, audit trail, data accuracy and integrity The Vena Solution • Entire month-end close process run through OLAP database for single source of truth • Centralized data eliminated version control, data accuracy and integrity issues • Real-time visibility into data ensured teams across the business always looking at the right information Results & Next Steps • Month-end close completed 6 days earlier • Data review time cut by 72 hours per entity • Significant cost reduction by eliminating manual processes and data reconciliation against printed spreadsheets Contact us for smarter, faster financial close management. @venasolutions 1 855 207 1770 info@venasolutions.com venasolutions.com SUCCESS STORY Better Infrastructure Built on a Faster, Smarter Financial Close " " Vena gave us an automated, consistent solution in a format our reviewers already know and love. ANDREW KENNEDY, CHIEF FINANCIAL OFFICER Vena turns Microsoft Excel into an enterprise-class business solution with a centralized database, workflow and more. With Vena, you get trusted numbers and insights - fast - while still using Excel. Reduction in Close Time 6 Capstone Infrastructure Independent power producer focused on clean, renewable energy Industry: Energy Revenues: $138.4 million Existing Software: Microsoft Great Plains (MS GP) Processes: Financial Close, Reporting, Account Reconciliation ↑ Data accuracy, integrity ↑ Version control ↑ Visibility into close process ↓ Manual edits and review time ↓ Costs to close books ↓ Month-end close time Results at a Glance Month-end close process faster, more accurate and efficient Days

Articles in this issue

Links on this page

view archives of Case Studies - Vena Case Study: Capstone