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Founded Year

2011

Stage

Series C | Alive

Total Raised

$382.44M

Last Raised

$242M | 3 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+40 points in the past 30 days

About Vena Solutions

Vena Solutions focuses on financial planning and analysis. The company offers a platform that transforms Microsoft Excel into a tool for budgeting, forecasting, and financial planning. Its services are primarily utilized by sectors such as banking, insurance, manufacturing, real estate, healthcare, and professional services. It was founded in 2011 and is based in Toronto, Ontario.

Headquarters Location

2 Fraser Avenue Suite 200

Toronto, Ontario, M6K 1Y6,

Canada

855-207-1770

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Vena Solutions's Product Videos

ESPs containing Vena Solutions

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

The financial close automation market leverages advanced technologies to automate and streamline the various tasks involved in financial closing. By adopting these solutions, businesses can accelerate the financial close cycle, reduce errors, and improve overall accuracy in financial reporting. Financial close automation enables the integration and synchronization of data from multiple sources, en…

Vena Solutions named as Leader among 11 other companies, including Blackline, FloQast, and HighRadius.

Vena Solutions's Products & Differentiators

    Vena

    Vena is a complete planning platform that empowers and inspires finance, operations, and business leaders to plan to grow their businesses in a new way. Vena leverages the familiarity and flexibility of an Excel interface and combines it with the Vena Growth Engine, the technology and methodology that powers your plans and guides your journey to growth. Vena consists of 3 configurations: Finance-Led Planning (budgeting, reporting, forecasting and analysis), Extended Planning (cash-flow, agile, operational, sales, capital expense, workforce) and Beyond Planning (financial close and incentive compensation management).

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Research containing Vena Solutions

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Vena Solutions in 2 CB Insights research briefs, most recently on Oct 26, 2023.

Expert Collections containing Vena Solutions

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Vena Solutions is included in 2 Expert Collections, including Fintech.

F

Fintech

12,502 items

Excludes US-based companies

C

Canadian fintech

345 items

Latest Vena Solutions News

06:00 ET Vena Launches First Best-Practice Preconfigured Solution for Legal Firms in Partnership With ProLytics

Oct 4, 2023

News provided by Share this article Share toX Intelligent Complete Planning platform integrates financial and operational data for strategic practice management for legal firms TORONTO, Oct. 4, 2023 /CNW/ -- Vena , the Intelligent Complete Planning platform loved by finance and trusted by business, today announced Vena for Legal by ProLytics, a best-practice, preconfigured corporate performance management solution purpose-built to help law firms power flexible and more efficient financial, operational and strategic planning. ProLytics Consulting Group, the Vena Solutions Partner who developed this vertical solution on the Vena platform, is a consulting firm that specializes in performance management, data analytics and business intelligence. ProLytics will also implement the solution through its consultancy. Vena for Legal by ProLytics provides proven methodologies for streamlining a firm's profitability analysis, offering cost and revenue transparency, and generating powerful insights into the firm's financial performance. Pre-built planning templates and reports for timekeeper revenue, feed income planning, partner and employee compensation, and expense allocations leverage Vena's native integrations with Microsoft Excel and Microsoft 365 within its Intelligent Complete Planning platform to drive increased productivity, collaboration and powerful modeling capabilities. Through the flexibility and extensibility of the Vena platform, firms can integrate financial and operational data into a single source of truth to model, plan and scale with a complete view of business health as they extend to new types of planning based on their business requirements at any stage of growth or planning maturity. "Vena for Legal by ProLytics represents the first of the partner-built preconfigured solution we previewed at Excelerate 2023 ," said Allison Munro, Chief Marketing & Ecosystem Officer at Vena. "Our Partner network has been a key driver of Vena's continued growth, and it's through the work of companies such as ProLytics that we will continue to expand our solutions portfolio and support customers eager to plan for their own financial growth and well-being." As a law firm grows, it becomes increasingly important to have a streamlined and efficient system for data and practice management. Vena for Legal by ProLytics leverages Vena CubeFLEX™ database technology, purpose-built for the flexibility of Microsoft Excel, which consolidates and incorporates data from enterprise resource planning (ERP) platforms, including TR ProLaw, Aderant, Clio, Oracle, Elite 3E, as well as software systems such as HCM Workday and ADP. These integrations result in a single source of truth for a firm's data, ensuring their finance department has access to accurate and current information, regardless of the size or complexity of its operations. "For more than 10 years, ProLytics has delivered innovative data management and analytics solutions for the legal profession, and Vena for Legal by ProLytics is the latest in our long tradition of serving this market," said William Liang, Managing Director at ProLytics Consulting Group . "Together, ProLytics and Vena have developed a solution that empowers finance and operations teams with a complete 360-view into the firm's business through a consolidated database and dashboard that puts core metrics and KPIs at their fingertips." Vena for Legal by ProLytics is now available. For more information about Vena for Legal by ProLytics, please visit www.venasolutions.com/industries/legal. About Vena Vena is the only Intelligent Platform for Complete Planning that's natively integrated with Microsoft 365, empowering teams to plan the way they think. 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 informed business decisions. With Vena, you can leverage the power of Excel and AI-powered insights in a unified, cloud-based platform that enhances collaboration, scalability and security. Over 1,600 of the world's leading companies rely on Vena to power their planning. For more information, visit venasolutions.com . About ProLytics Consulting Group In 2021, ProLytics Consulting Group was honored as the Vena Partner of the Year. ProLytics has led the way in numerous implementations, serving organizations of varying sizes across diverse industry sectors. From legal and professional services to non-profits, senior living and manufacturing, ProLytics adopts a personalized approach that places the client's requirements at the forefront. Their guiding mission is, "Our customer's success is a measure of our success." This philosophy guides their work, as they strive to involve clients in every step of the process, from the initial discovery phase to post-implementation support. For more information, visit prolyticsgroup.com . MEDIA CONTACT

Vena Solutions Frequently Asked Questions (FAQ)

  • When was Vena Solutions founded?

    Vena Solutions was founded in 2011.

  • Where is Vena Solutions's headquarters?

    Vena Solutions's headquarters is located at 2 Fraser Avenue, Toronto.

  • What is Vena Solutions's latest funding round?

    Vena Solutions's latest funding round is Series C.

  • How much did Vena Solutions raise?

    Vena Solutions raised a total of $382.44M.

  • Who are the investors of Vena Solutions?

    Investors of Vena Solutions include Vista Equity Partners, CIBC Innovation Banking, Centana Growth Partners, JMI Equity, Difference Capital Financial and 3 more.

  • Who are Vena Solutions's competitors?

    Competitors of Vena Solutions include Trintech, Mosaic, Centage, DataRails, FloQast and 7 more.

  • What products does Vena Solutions offer?

    Vena Solutions's products include Vena and 4 more.

  • Who are Vena Solutions's customers?

    Customers of Vena Solutions include Metro Supply Chain Group, Coca Cola Bottling Consolidated, Saddle Creek Logistic Services, Active Exhaust and Capstone Infrastructure.

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Compare Vena Solutions to Competitors

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OneStream Software

OneStream Software focuses on providing a finance platform in the corporate performance management (CPM) industry. The company unifies data management, financial close and consolidation, planning, reporting, analytics, and machine learning, enabling finance and operations teams to make faster and more informed decisions. It primarily serves sectors such as manufacturing, financial services, public sector, and healthcare. It was founded in 2010 and is based in Birmingham, Michigan.

Anaplan Logo
Anaplan

Anaplan (NYSE: PLAN) operates as a cloud-based business planning and performance management platform. It helps organizations improve their business planning and performance management processes. It serves industries such as manufacturing, retail, financial services, and more. The company was founded in 2006 and is based in San Francisco, California.

Board International Logo
Board International

Board International is a company that focuses on providing intelligent planning solutions in the business sector. The company's main services include planning, simulation, reporting, and analytics, all aimed at helping businesses plan smarter, drive outcomes, and lead transformation. Board International primarily serves sectors such as finance, supply chain, workforce planning, and sales performance management. It was founded in 1994 and is based in Chiasso, Switzerland.

Planful Logo
Planful

Planful is a company that focuses on financial performance management in the software industry. The company offers a platform that streamlines business-wide planning, budgeting, consolidations, reporting, and analytics, aiming to empower finance, accounting, and business users to plan confidently, close faster, and report accurately. Planful primarily serves sectors such as finance, marketing, accounting, human resources, sales, and IT. Planful was formerly known as Host Analytics. It was founded in 2000 and is based in Redwood City, California.

Jedox Logo
Jedox

Jedox offers an adaptable planning and performance management platform. It unifies planning, reporting, and analytics enabling business users to manage corporate performance. Its solutions include integrated business planning, budgeting and forecasting, reporting and analysis, and more. The company was founded in 2002 and is based in Freiburg im Breisgau, Germany.

Trintech Logo
Trintech

Trintech focuses on providing financial close and account reconciliation software solutions. The company offers services that automate and manage various financial processes such as account reconciliations, transaction matching, close task management, journal entry, intercompany accounting, audit and compliance, and reporting and analytics. Its primary customers are in sectors such as banking and financial services, healthcare and human services, industrial manufacturing, insurance, power and utilities, and retail. The company was founded in 1996 and is based in Addison, Texas.

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