Vena Solutions Strengths, Domain Expertise, and Key Differentiators
Vena serves as a comprehensive planning platform uniquely integrated with Microsoft 365, enabling teams to align their planning processes with their thought processes. It simplifies financial and operational planning, along with reporting and analysis tasks, offering advanced analytics and modeling features to support informed decision-making by business, finance, and operations leaders. Vena facilitates the integration of Excel and AI-powered insights within a unified, cloud-based platform, enhancing collaboration, scalability, and security. Currently, over 1,600 leading global companies rely on Vena for their planning needs.
Vena Solutions Recent Developments
In November 2023, Vena revealed significant leadership adjustments aimed at enhancing customer experience and providing unparalleled value to the industry. Tina Goulbourne has been designated as the Chief Operating & Customer Officer, while Ilene Landon has joined Vena in the role of Senior Vice President of Professional Services.
Vena Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Vena Solutions applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Vena Solutions and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Vena Platform customers.
Vena Solutions Overview
Ownership: - x
Number of Employees: 690
Functional Market: Workforce Analytics,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Vena Solutions Key Cloud and HCM Applications
Vena Platform
Vena Solutions HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Vena Solutions Revenue Breakdown by Type:
Vena Solutions HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Vena Solutions HCM Applications Revenues By Verticals, $M:
Vena Solutions Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Vena Solutions Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Vena Solutions Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Vena Solutions Customers
No. of Vena Solutions Customers: 1600
No. of Vena Solutions HCM Applications Customers: x
No. of Vena Solutions Cloud HCM Customers: 1600
No. of Vena Solutions Cloud HCM Subscribers: x
In September 2023, Vena reported entering the latter part of the year with significant customer momentum and increased revenue after a successful first half of the fiscal year. The company achieved over 200 new customer acquisitions and continued to experience success in its Services and Solutions Partner Ecosystem.
Vena has more than 1600 customers worldwide, in sectors ranging from financial services and high tech to manufacturing and hospitality. Among financial services firms, the company now counts three of the top ten U.S. banks as customers who trust Vena's cloud platform for budgeting, regulatory reporting and other critical processes. Here are some of Vena clients: AES, Atlanta Hawks, BlueCross BlueShield, BNP Paribas, BrockWhite, CB Trust, Celadon, Columbia Distributing, EagleBank, Firstwind, General Atomics, Hecla Mining Company, Hermes Fund Managers, Home Trust, Martinrea, McDonald's Canada, McMaster Universityty, Ontario Clean Water Agency, Oshkosh, Pan American Silver Corp., Parmalat, Regions Financial Corporation, Republic Airways, Sentry, Stackpole International, Tupperware, USAA, WCA Waste Corporation, William Lyon Homes, ADAC Automotive, Bardel Entertainment, Inc., Bayview Asset Management, Biola University, Canadian North, Cumming, Dare, Embrace Homeloans, Emory University, GEHR, Hitachi, Kalmar, Kremers Urban Pharmaceuticals, Lifeline Scientific, Lifeworks, Maritime Travel, Valley View Hospital, Vascular Solutions, Western Energy Services Corp., Workopolis and many others.
Vena Solutions Market Opportunities, M&A and Geo Expansions
In October 2023, Vena introduced Vena for Legal by ProLytics, a ready-to-use corporate performance management solution designed to aid law firms in enhancing financial, operational, and strategic planning. The vertical solution was created by ProLytics Consulting Group, a specialized consulting firm in performance management, data analytics, and business intelligence, which will also oversee the implementation of the solution through its consultancy.
Vena Solutions Risks and Challenges
One potential risk for Vena could be the significant leadership adjustments announced in November 2023. While the changes are aimed at enhancing customer experience and providing value to the industry, any leadership transition can pose challenges in terms of organizational stability, alignment of strategies, and the potential for disruption in the short term. The success of these adjustments may depend on how well the newly appointed executives, Tina Goulbourne and Ilene Landon, adapt to their roles and integrate into the existing company structure. Additionally, the effectiveness of the leadership changes in achieving the intended improvements in customer experience and industry value may take time to materialize, and any delays or difficulties in this process could pose a risk to Vena's operations and reputation.
Vena Solutions Ecosystem, Partners, Resellers and SI
Vena collaborates with over 70 partners globally, establishing robust connections with various strategic, implementation, and reseller partners to effectively cater to its diverse customer base. Notable partners include FinancialForce, Sage Intacct, Certent, Flexi, Deltek, Microsoft, Netsuite, Alphavima Technologies, Anchor Group, Alta Vista Technology, CLD Partners, CrossCountry Consulting, Delbridge Solutions, Endeavour Solutions, Fluence Technologies, and others.
Vena Solutions Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Vena Solutions Public Cloud and Infrastructure (IaaS)
- Vena Solutions Platform (PaaS)
- Vena Solutions Application Delivery
- Vena Solutions Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
