Financial Close

Welcome to the Vena Solutions Financial Close Blog. Discover tips for closing your books on time, every time.

How the Pandemic Has Changed the Financial Close Process (For the Good)

January 12, 2022 |

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Implementing New Financial Close Technology: How To Get Your Team on Board

Change is inevitable. Change is powerful. Change is hard. All of these things can be true at the same time—and often are. That’s true in life and it’s just as true when it comes to changes to the solutions you use to power your ongoing financial processes—......

January 10, 2022 |

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5 Signs Your Financial Close Process Is Too Slow

Does your team spend too much time searching for lost invoices, requesting missing receipts, verifying transactions, investigating duplicate entries? Do they manually enter general ledger data from disjointed data sources provided by other teams? Do those ......

December 30, 2021 |

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The Ultimate Guide to Account Reconciliation

Account Reconciliation Made Easy Automate your account reconciliations and accelerate your month-end close with Vena. 1 What is Account Reconciliation? 2 Reconciliation Processes 3 Account Reconciliation and Full-Spectrum FP&A 4 Manual Reconciliation v......

December 8, 2021 |

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The Ultimate Guide to Financial Close

The financial close process is essential to understanding and verifying your company’s true financial position.  While that sounds simple enough, the year-end financial close process has the potential to bog you down on many fronts. If you don’t know what’......

October 19, 2021 |

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5 Steps To Simplify Your Month-End Close Process

What does your month-end financial closing process look like? Do you have a system in place or do you “wing it” and hope for the best? Are you searching for a better way of doing things next month? It’s best to have a defined month-end close process checkl......

September 15, 2021 |

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5 Ways To Streamline Your Financial Closing Processes

Has the time come to improve your financial closing processes? Are you done with the days (and weeks) of wasting time, stressing out and still coming up short? Nobody can tell you exactly how to improve financial closing processes at your company, but ther......

September 10, 2021 |

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Report: Only 35% of Businesses Have an Automated Process for Data Consolidation

Data takes center stage when it comes to driving the modern finance function, yet according to recent findings in the 2020 Vena Industry Benchmark Report, most finance teams are struggling to access it.  Out of the 350 business leaders and finance and oper......

September 4, 2020 |

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How Capstone Infrastructure Accelerated the Month-End Close Process

With Vena, Capstone’s finance team followed three simple steps and cut month-end close times in half.   The month-end close process can be a real drag. Copying data from the general ledger (GL), reconciling accounts manually and consolidating financial sta......

July 2, 2020 |

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Ease of Use the #1 Driver of BPM Software Success, Survey Finds

According to a recent survey from advisory firm BPM Partners, finance teams rank usability as the most important aspect of a business performance management solution. The 2020 Pulse of Performance Management Survey—which polled 336 finance professionals an......

June 17, 2020 |

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