Vena Closes FY24 With Record-Setting Q4, Customer Growth, Product Inno...

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Today's Date: May 2, 2024

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Vena Closes FY24 With Record-Setting Q4, Customer Growth, Product Innovation and Industry Recognition

TORONTO , April 16 /Businesswire/ - Vena, the Complete Planning platform loved by finance and trusted by business, today announced it entered its fiscal year 2025 in February with momentum from a successful 2024. Notably, its record-breaking fourth quarter saw increasing demand and innovative strides with the launch of Vena Copilot, a gamechanger for FP&A teams.

"Vena's exceptional performance in fiscal 2024 reflects the unwavering dedication, agility and innovative spirit of our team, as well as the enduring trust placed in us by our valued customers," said Hunter Madeley, CEO of Vena.

Vena experienced significant customer and revenue growth over its last fiscal year. Currently, more than 1,700 organizations across diverse industries, such as banking and credit unions, insurance, real estate, higher education, healthcare, professional sports and more, rely on Vena to plan with confidence in an ever-evolving economy.

Meg Bear, Controller at Turner Enterprises, and speaker at this year’s Excelerate Finance 2024, highlighted the increased value and agility their finance team is now driving for the business since using Vena:

"We've hooked our train to an engine that's going to allow us to change as we go. Not just as our business evolves and the workforce evolves, but as the markets evolve and our business lines change. The pandemic taught us all that nothing is for sure, and we've got to be able to be responsive and pivot more quickly. And that's one of the things that Vena has allowed us to do."

Other highlights from Vena’s 2024 fourth quarter include:

Strategic leadership changes to elevate the customer experience and deliver industry-leading customer value, including an expanded role for Tina Goulbourne as Chief Operating & Customer Officer, and the addition of Ilene Landon as Vena’s Senior Vice President of Professional Services.
Industry-specific solutions launched: One for legal firms with ProLytics Consulting Group (Vena for Legal by ProLytics) and for franchises with Citrin Cooperman (Vena for Franchising by Citrin Cooperman).
Strategic partnership with Cloud Security Alliance (CSA) as a Trusted Cloud Provider.
Recognition from leading analyst firms, including Gartner’s 2023 Magic Quadrants for Financial Planning Software and for Financial Close and Consolidation Solutions, Dresner Advisory Services, The Hackett Group, Nucleus Research and Ventana Research.
An earned spot on the Team True North Roster of Canada’s Top-Performing Tech Companies for the second consecutive year.
2023 TrustRadius Best Of Awards in three categories: Best Feature Set, Best Relationship and Best Value for Price.
Recognition as one of Greater Toronto’s Top Employers and recertification as one of Canada’s Most Admired Corporate Cultures.
Acknowledgment of Vena’s recruiting practices by the Brandon Hall Group for excellence in leadership development, diversity, equity, inclusion and talent acquisition for the second consecutive year.

Looking ahead, Vena is continuing to drive its commitment to customer value and product innovation, including through this year’s Excelerate Finance 2024 its annual flagship industry conference for finance professionals and business leaders.

“It’s an exciting time at Vena as our Complete Planning platform and robust community of finance and operations professionals continue to evolve and leverage new technologies and capabilities. The teams choosing Vena are achieving operational excellence and unlocking the strategic potential of their organizations. Seeing our customers doing amazing work with the platform is what excites us most as we build value together,” added Madeley.

About Vena

Vena is the only Complete Planning platform natively integrated with Microsoft 365. 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 agile and more informed business decisions. With Vena, you can leverage the power of Excel and AI-powered insights in a unified, cloud-based platform that enhances productivity, collaboration and insights. Over 1,700 of the world’s leading companies rely on Vena to power their planning. For more information, visit venasolutions.com.