Vena Named Top Leader in 2024 BARC Planning Survey
June 25 2024 - 6:00AM
Business Wire
Recognized in 34 categories and achieved 17
top ranks, highlighting industry-leading innovation and efficiency
in project length, product satisfaction and customer satisfaction
for FP&A teams
Vena, the Complete Planning platform loved by finance and
trusted by business, has achieved outstanding recognition in the
annual Planning Survey conducted by the Business Application
Research Center (BARC). Vena was named a leader in 34 categories
and received 17 top ranks, highlighting the company’s leadership
and excellence in the planning, budgeting and forecasting software
industry.
Vena was evaluated across a range of key performance indicators
(KPIs), including Project Length, Price to Value, Product
Satisfaction, Customer Satisfaction and Workflow. The results
illustrate Vena’s strengths extending beyond product capabilities,
into project efficiency, business value, exceptional support and
innovation, providing unparalleled benefits to its customers.
Highlights from the report include:
- Project Length: Vena outperformed its peers with an
impressive 52% of projects completed in under three months,
showcasing its capability to swiftly deploy solutions and deliver
immediate value to organizations.
- Product Satisfaction: Vena secured the number one rank
in product satisfaction, with 100% of surveyed users expressing
their satisfaction with the platform. The flexibility and
familiarity of Vena’s tools contribute significantly to this high
satisfaction rate, demonstrating the company’s commitment to
user-centric design and functionality.
- Customer Satisfaction: Vena’s tools also earned a top
rank for customer satisfaction. Users appreciate the seamless
integration with familiar tools like Excel, which enhances
usability and efficiency.
- Price to Value: Vena delivers exceptional value for
money, with 90% of surveyed users rating its pricing as excellent
or good. This underscores Vena’s dedication to offering
cost-effective solutions that provide significant value, making it
a compelling option for organizations looking to enhance their
financial planning capabilities affordably and effectively.
“This prestigious recognition is a testament to the hard work
and dedication of our entire team at Vena and it reflects our
ongoing commitment to providing our customers with the best
possible product and support,” said Hugh Cumming, Chief Technology
Officer at Vena. “We are especially proud of our top ranks in
project length and customer satisfaction as they highlight our
ability to deliver fast, effective solutions that truly meet our
customers' needs. Our relentless focus on innovation and efficiency
is what drives us forward in the FP&A industry.”
“Vena’s excellent rankings in project length, product
satisfaction and customer satisfaction highlight the company’s
dedication to excellence and customer success,” said Dr. Christian
Fuchs, Senior Analyst Data & Analytics at BARC. “The positive
customer feedback in our survey proves Vena's ability to implement
projects quickly and effectively while ensuring a high level of
satisfaction.”
The Planning Survey 24 validates Vena’s leadership in the
FP&A industry, showcasing its ability to deliver high customer
satisfaction and exceptional project efficiency. This recognition
adds to Vena’s accolades, including:
- Being named an IDC Mid-Market Leader
- Receiving the Hackett Group EPM Digital World Class Matrix
Award
- Winning the Dresner Technology Innovation Award for Financial
Consolidation, Close Management, and Financial Reporting
- Recognized by Nucleus Research as a CPM Industry Leader for the
11th consecutive year
The Planning Survey 24 is based on the world’s largest survey of
planning software users conducted from November 2023 to February
2024, with 1,272 respondents and analysis of 21 products. It
evaluates user feedback on 33 criteria (KPIs), such as Business
Benefits, Project Success and Customer Satisfaction.
To download a copy of the report, visit here.
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 1,800 of the world’s
leading companies rely on Vena to power their planning. For more
information, visit venasolutions.com.
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Jonathan Paul Vice President, Content Marketing
jpaul@venacorp.com