Vena Solutions Expected to Dramatically Expand in 2014

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Vena Solutions, a unique provider of performance management software for mission-critical finance and accounting processes, is expected to build upon 2013’s exponential growth by continuing to build industry-focused applications and grow its partner channel network in 2014.

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Vena Solutions

It is amazing that in a single year, Vena Solutions was named one of Deloitte’s Companies-to-Watch, one of PwC’s Up and Coming Technology Companies, and BPM Partners’ Best New Vendor.

Vena Solutions is a one of-a-kind web-based application that enables finance and accounting teams to transform their manual Excel spreadsheets into a true enterprise application.

As a result, organizations can reduce risk while dramatically improving operational efficiency, auditability, and user collaboration.

Vena experienced unprecedented growth in 2013, signing a large number of industry-leading clients, including Tupperware, Regions Financial Corporation, and Bonavista, spanning the retail, banking and oil and gas sectors.

Overall, in 2013, Vena experienced a 235% increase in customers over 2012.

Additionally, Vena recorded a 333% increase in license transactions in Q4 over Q3 and anticipates signing a large number of international clients in 2014, strengthening the company’s global footprint.

In 2013, Vena continued to extend operations beyond North America and the United Kingdom. Deloitte’s Bermuda and Caribbean Cluster selected Vena to streamline their budgeting and reporting processes.

Further, two South African-based technology services companies have partnered with Vena to significantly drive Vena 5 license transactions in the African continent.

In 2013, Vena was also honored by leading auditing firms, Deloitte and PwC, and the world’s foremost independent analysts of business performance management solutions, BPM Partners.

Don Mal, CEO of Vena Solutions, remarks, “It is amazing that in a single year, Vena Solutions was named one of Deloitte’s Companies-to-Watch, one of PwC’s Up and Coming Technology Companies, and BPM Partners’ Best New Vendor.

“All of these awards celebrate our visionary leadership, financial accomplishments, and innovative technology.

"We are especially pleased to have been recognized by BPM Partners for our unique ability to complement existing investments in Excel with powerful workflow capabilities, detailed audit trails, and other enterprise-scale features.”

Vena is grateful and humbled to have been honoured by industry leaders, end-users and technology experts alike and looks forward to upholding its current standard of innovation and client satisfaction as it continues to grow in 2014.

Vena Solutions delivers the most flexible performance management solution available for budgeting, forecasting, planning, reporting, analytics, and other mission-critical business processes. Vena’s unified, web-based software platform enhances the power and flexibility of Microsoft Excel® with powerful workflow management, control and reporting capabilities. This unique approach is complemented by a dedicated consulting, advisory and training team. The result is fast time-to-benefit solution that is easily managed by clients. Vena has been deployed in large and mid-market companies all over the world. For more information, visit

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Paul Sial
Vena Solutions
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