Vena Platform

Founded in 2011, Vena is a cloud platform provider for financial planning and analysis (FP&A), financial close, consolidation, and account reconciliation with more than 700 employees. Headquartered in Toronto, Canada, the vendor has operating entities in the United States, the United Kingdom, and India. Vena is backed by several investors to accelerate growth. According to Vena, it currently has over 2,200 customers worldwide. In February 2026, Vena announced its definitive agreement to acquire Acterys (subject to customary regulatory approval), a Microsoft Power BI-based operational planning and app development platform. Acterys provides finance, business analytics, and IT departments with Microsoft Power BI write-back and Microsoft Fabric-based data analytics to connect financial models and purpose-built operational applications.

Vena is a performance management platform that helps organizations of all sizes and industries with integrated solutions for planning, budgeting, forecasting, reporting, analytics, financial consolidation and close, and account reconciliation. The primary target group for the product is the office of finance and accounting, all operational departments, and also – with Acterys – IT and BI teams. As a cloud-native platform leveraging Microsoft Azure, Vena can be accessed via web browsers and offers native integration with Microsoft Office 365. Vena strategically integrates with Microsoft’s technology stack – leveraging Excel and Power BI (with Acterys) as its primary user interface for entering data, integrating with Microsoft 365 (e.g., PowerPoint, Teams), and embedding and productizing Power BI and Microsoft’s 
AI and ML technology for FP&A reporting, analysis, and advanced analytics (called Vena Insights). The product is sold and implemented by Vena itself but also through a global partner network of more than 190 resellers and solution implementers. Vena has a strong focus on enhancing its global partner ecosystem, developing new partnerships, and partnering on preconfigured solutions. In addition, and as a strategic future channel for global sales, Vena is part of Microsoft’s co-selling program through the Azure Marketplace. Customers can purchase Vena software licenses through the Azure Marketplace using their Microsoft Azure Consumption Commitment (MACC), providing potential cost benefits.

Vena’s solution is technically based on its own Vena CubeFLEXTM technology – an in-memory, multidimensional database that is the core of the platform – as well as a relational/OLTP database to handle large-scale transaction data volumes (leveraging Microsoft Azure SQL Server as the underlying technology). For data integration, Vena offers its own data transformation layer/ETL and open APIs. In addition, Microsoft Fabric Data Factory can be used for advanced integrations and data processing. Prebuilt connectors are available leveraging Microsoft Fabric to integrate data from several on-premises and cloud-based data sources. Following its acquisition of Acterys, Vena can now combine its Excel-native FP&A capabilities with Acterys’ proprietary Power BI write-back engine and unified analytics within Microsoft Fabric.

The platform provides comprehensive functionality for planning, budgeting, and forecasting and can be flexibly modeled to address business-model-specific use cases and requirements. The product supports both financial and operational planning (including sales, marketing, capex, workforce, cash flow, etc.) in one unified platform. Moreover, Vena and its partners offer preconfigured solutions for various use cases and industries. These solutions include templates, data models, connectors, and business logic and can be adapted to a customer’s specific needs. Based on the planning model, Vena leverages an Excel grid interface to create planning forms as well as plan data entry. To control planning processes, Vena offers a web-based, visual workflow designer and blueprint to help in the development of individual workflows (e.g., task management and due dates, status monitoring, approval, email notifications, etc.). Once plan data is entered, anomalies and potential data entry errors can be recognized using AI and ML capabilities. Customers can create advanced predictive ML forecast models, gain strategic insights, and detect unusual patterns in data. In addition, Vena Copilot’s agentic and generative AI capabilities, leveraging Microsoft Azure OpenAI, can help business users create forecasts, conduct what-if simulations, identify seasonal patterns, generate reports, analyze trends, and answer business questions in natural language. Vena Copilot dynamically manages a team of AI agents including Planning Agent, Analytics Agent, Reporting Agent, Query Agent, and others. The Vena Planning Agent is an AI-powered capability, designed to bring intelligent forecasting and scenario modeling directly into Vena’s Excel add-in.

Fully integrated with the platform’s core capabilities, Vena offers preconfigured solutions and templates for financial consolidation, financial close management, account reconciliation, lease accounting, and tax and ESG/sustainability accounting. Statutory as well as management consolidation processes are supported with prebuilt data models, connectors, and business logic, including accounting for partial ownership, intercompany eliminations, multiple currencies, and multiple ERPs/general ledgers.

For reporting and self-service analytics, Vena leverages an Excel grid interface connected to Vena CubeFLEXTM to explore data and create reports. Furthermore, for advanced dashboards with interactive data visualizations, mobile support, natural language capabilities, and generative insights, Vena embeds Microsoft Power BI (Vena Insights). Vena Copilot Reporting Agent and Analytics Agent can help with custom ad hoc scenario report generation through natural language conversations as well as variance and scenario trend analysis.