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Vena Case Study: Cumming Corporation (1/2)

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Background & Challenges • Manual data collection from 31 global offices was too time consuming, potentially error-prone • Data security an ongoing concern from sharing budget templates and reports over email • Maintaining existing Excel investments was a must for Cumming, one that competitors couldn't offer The Vena Solution • Dynamic report builder and source system integration resolved manual data collection issues • Familiar Excel interface facilitated a quick transition to Vena with no business disruption • Role-based security and business rules ensured contributors can only see, edit the right data Results & Next Steps • Reduced reporting cycle from 4 weeks after the month-end close to the same business day • Direct dollar savings in the first year of $55,000, or the equivalent of a full-time hire • Freed up time for better analysis and decision making Contact us to find more time for better budgeting, reporting and more. @venasolutions 1 855 207 1770 info@venasolutions.com venasolutions.com SUCCESS STORY Building Better Budgets and Reporting with Excel " Vena is like getting a Ferrari for the price of a Cadillac. A Cadillac is still a nice car, but if you can get a Ferrari for the same price…! DOMINIC DI BERNARDO CHIEF BUSINESS INTELLIGENCE 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. Reporting Time Reduction 96% Cumming Corporation International project management and cost consulting firm Industry: Construction Services Revenues: $120 million Existing Software: Deltek Processes: Budgeting, Forecasting, Financial Close, Reporting Users: 105 ↑ Direct cost savings ↑ Data security and accuracy ↑ Time to drive company decisions ↓ Data discrepancies ↓ Manual data collection ↓ Cycle times Results at a Glance From 4 weeks after the close to the same business day "

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