TORONTO and BELMONT, Calif., Aug. 13, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Vena Solutions, an industry recognized provider of next-generation Corporate Performance Management (CPM) software, and Applied Analytix, an established software and consulting services company, are partnering to help companies improve the efficiency and accuracy of their Finance processes. The partnership will enable Applied Analytix to market, sell and implement Vena™, an enterprise-class CPM application that leverages native Excel.
"Partnering with Applied Analytix makes sense for Vena because we share the fundamental belief that Excel isn't going away," explains Don Mal, CEO, Vena Solutions. "The Applied Analytix team will act as an extension of our company by providing consulting and implementation services to our rapidly expanding customer base. It's an exciting opportunity for both of our growing companies."
Larry Stell, Director of Business Development at Applied Analytix, adds: "Applied Analytix has more than 15 years of experience implementing CPM solutions. This partnership is based on our interest in adding an Excel-based CPM solution to our current offering. Excel is the tool of choice for financial professionals, and we believe the best CPM solutions complement, rather than replace, Excel."
The shared belief that the best CPM solutions leverage Excel is the main reason the two firms have come together. Both recognize that companies around the world use native Excel extensively for their core business planning and analysis processes. In fact, 81% of companies that already have a CPM solution supplement it with spreadsheets, according to BPM Partners' 2012 Pulse of Performance Management Survey.
"Industry research, coupled with observations from our own client base, clearly demonstrate how spreadsheets continue to be integral to Finance processes," says Dan Mannisto CEO, Applied Analytix. "This makes Vena's Excel-centric approach ideal for virtually any organization, and specifically, Applied Analytix' typical clients. Vena is easy to adopt, has a low implementation risk and begins adding value in just weeks. The solution fits perfectly with our philosophy and approach and we look forward to a long-standing relationship with Vena Solutions."
Vena continues to surpass its sales and revenue targets because of its broad appeal to both mid-market and large enterprises alike.
Microsoft and Excel are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries.
About Vena Solutions:
Vena Solutions is a unique, web-based application that dramatically enhances the operational efficiency of mission-critical finance and accounting processes by combining organizations' existing investments in Microsoft Excel® with the power, security, and control of an enterprise-scale solution.
About Applied Analytix:
Since 1995, Applied Analytix has been helping companies reduce their over-reliance on Excel. The company provides the knowledge, experience, and support companies need to become an analytics-driven organization.
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