September 2015

Vena Solutions is proud to present Enterprise Budgeting & Planning with Excel for Dummies, a new written especially for CFOs, VPs of Finance, Finance Directors, Accountants and Controllers  who want to improve their budgeting and planning processes without giving up their existing Excel investments and infrastructure. 

In this, the first in a three-part series by Rishi Grover, you’ll get a high level overview of the book’s contents, purpose and target audience.

Enterprise Budgeting & Planning with Excel for Dummies looks at the benefits and challenges of using Excel for budgeting and planning, and outlines options to deal with the challenges.

Get your free copy here.

Continue reading Enterprise Budgeting & Planning with Excel for Dummies [Part 1 of 3]

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The finance world is fighting a war for talent according to a new survey from from the American Institute of CPAs. As reported recently in CFO Magazine, the AICPA’s Economic Outlook Survey polled over 1,400 CEOs, CFOs and other CPAs.

Among its findings, since 2014:

  • 43% have experienced increased competition in finding and recruiting top candidates;
  • The availability of talented professionals is once again among the top 3 concerns of respondents;
  • 39% reported that turnover remains a going concern.
    The survey’s findings – and the clear talent war facing finance leaders today – underscores the importance of automating financial processes, for at least two reasons – efficiency and morale.

Continue reading Talent War Underscores Need for Financial Automation

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Many companies assume they have an efficient month-end close process, accepting long hours and high pressure as par for the course. Luckily, they’re mistaken.

Recently I was speaking to a friend of mine about his decision to go to college to become an accountant. The answer he gave me was the one I think many accountants would agree with – we have an uncanny love for numbers and logic, and an appreciation for business processes, analytics and – of course – financial spreadsheets.

However, it was his follow-up comments that threw me for a loop. He told me about the universal fear of accountants about the time, effort, and frustrations of the month-end close process. In other words, did I realize that most have to work long hours for days at a time, working nights and weekends to complete the month-end close? I vaguely remember talking about how long that process took. However, nothing could have prepared me for what it really entailed until I experienced it.

“It’s not just about closing the books faster – it’s about making the entire process more efficient.”

Given that I’ve experienced all kinds of accounting situations with all types of companies, I was able to take a step back and put the challenges of the month-end close process into perspective. Rather than focusing on how treacherous those monthly processes were, I decided to find ways of making them better. This comprised making the processes not only faster, but also more efficient.

Continue reading Why Do Accountants Accept Long Hours and Late Nights in Every Month-End Close?

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