What Vena Solutions does

Vena Solutions Inc. is a Toronto-headquartered, privately held software company that provides an AI-powered Complete FP&A platform purpose-built for the Microsoft ecosystem. The company's core product, the Vena Complete FP&A Platform, is an Excel-native application powered by Vena CubeFLEX — a proprietary OLAP database purpose-built for Excel — that connects ERP, CRM, HRIS and other systems into a single governed data layer for planning, budgeting, forecasting, financial close, consolidation and reporting. Vena's technology stack extends into the broader Microsoft surface area via deep native integrations with Power BI, Azure, Microsoft Fabric, Microsoft Teams, Microsoft Dynamics 365 (including the only pre-built Microsoft Fabric connector for Dynamics 365 F&O) and PowerPoint.

The product portfolio is augmented by Vena Copilot — an agentic AI assistant built on Microsoft Azure large language models — that orchestrates a taskforce of purpose-built FP&A agents (Planning Agent, Reporting Agent, Analytics Agent, Scenario Agent, and the upcoming Query Agent) and exposes governed Vena data to external LLMs (Claude, ChatGPT, Microsoft Copilot) through the Vena MCP Server. Vena's product surface was materially expanded in March 2026 with the acquisition of Acterys (Managility Pty Ltd), a Microsoft Power BI-based operational planning platform that brings proprietary write-back technology and aligns Vena with Microsoft Fabric. Vena generates revenue primarily through annual subscription SaaS contracts on the Vena Complete FP&A platform (with add-ons priced separately for Copilot, Insights, PowerPoint and Teams modules), supplemented by professional services, partner referral and co-sell revenue (including MACC-enabled transactions via Microsoft AppSource and Azure Marketplace), and recurring revenue from the acquired Acterys platform.

The company serves enterprise and mid-market finance teams (FP&A and Office of Finance), with growing reach into IT and operations leaders post-Acterys, and operates across at least 17 verticals including banking, insurance, SaaS, manufacturing, real estate, healthcare, higher education, professional services, retail, sports and nonprofits. Vena reached Centaur status by surpassing $100 million in annual recurring revenue in 2024 and crossed 2,000 customers in July 2025, with FY26 additions including Volvo, First Help Financial, Shield AI and TIGI International. The company distributes through direct enterprise sales, a four-tier partner ecosystem (Referral, Services, Solutions and Technology Alliance partners), Microsoft co-sell, and listings on Microsoft AppSource and Azure Marketplace, with demand-generation supported by the annual Excelerate Finance Fest, Vena Academy, the CFO Show podcast and a free Excel template library.

Name

Vena Solutions

Legal name

Vena Solutions Inc.

Website

https://venasolutions.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Vena Solutions provides an Excel-native, Microsoft-ecosystem AI-powered Complete FP&A platform serving enterprise and mid-market finance teams across 17+ verticals with budgeting, forecasting, consolidation and agentic AI capabilities.

Ownership category

akta.pro rank

Product category

Corporate Performance Management (FP&A) Software

NAICS

Software Publishers (513210), Computer Systems Design Services (541512)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

Keywords

• FP&A software
• Financial planning platform
• Budgeting and forecasting
• Excel-native planning
• AI-powered FP&A

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Subscription SaaS: Recurring subscription revenue from the Vena Complete FP&A platform sold to enterprise and mid-market customers; revenue recognized as SaaS annual recurring revenue (ARR), with Vena having surpassed $100 million ARR (Centaur status) as reported in 2024-2025.
2. Acterys subscription revenue: Recurring revenue from the acquired Acterys platform, which was contributing approximately $13 million USD in annual recurring revenue and growing at 100% year-over-year at the time of acquisition.
3. Professional Services: Implementation, training and ongoing professional services delivered alongside the platform, often via Services Partners (SIs and consultancies).
4. Partner referral and co-sell revenue: Revenue-sharing from referred deals with Referral Partners, along with co-sell and MACC-enabled Microsoft Marketplace transactions.

Pricing tiers

Go-to-market motion5 records

Distribution channels5 records

Marketing channels10 records

Core offering

Vena Solutions provides an Excel-native, AI-powered Complete Financial Planning and Analysis (FP&A) platform purpose-built for the Microsoft ecosystem. The platform combines financial modeling, workflows, collaboration, the proprietary Vena CubeFLEX OLAP database, and a suite of agentic AI assistants (Vena Copilot with Planning, Reporting, Analytics, Scenario and Query agents) to support budgeting, forecasting, financial close, consolidation, reporting and sales performance management for finance teams.

Product overview

Vena Solutions offers a single unified FP&A platform — the Excel-native, Microsoft-ecosystem-amplified Vena Complete FP&A Platform — delivered as a platform-plus-modules architecture. The core platform combines modeling, workflows, collaboration, the Vena CubeFLEX OLAP database, integrations and security, and is augmented by named add-on modules including Vena Copilot (the orchestrating AI assistant), the Vena AI agent suite (Vena Planning Agent, Vena Reporting Agent, Vena Analytics Agent, Vena Scenario Agent and the upcoming Vena Query Agent), Vena MCP Server, Vena Insights, Vena for PowerPoint, Vena Copilot for Microsoft Teams, Vena for Microsoft Dynamics 365 Business Central, and the new Vena Financial Consolidation product. The recently acquired Acterys platform extends the offering into Power BI-based operational planning, while Vena Professional Services and Vena Academy round out the portfolio with implementation, training and certification services.

Differentiator

Problem solved

Functional benefit

Brands

• Vena Copilot: Agentic AI-powered FP&A assistant and platform overlay (includes Reporting Agent, Analytics Agent, Planning Agent, Scenario Agent), built on Microsoft Azure and integrated with Microsoft Teams.
• Vena Insights
• Vena for PowerPoint
• Vena Financial Consolidation
• Acterys
• Vena CubeFLEX

Products and services

• Vena Complete FP&A Platform Excel-native, Microsoft-ecosystem-amplified financial planning and analysis platform that combines modeling, workflows, collaboration, the Vena CubeFLEX OLAP database, integrations and security for FP&A teams.
• Vena Copilot (with AI Agent suite: Planning, Reporting, Analytics, Scenario, Query agents) Agentic AI assistant built on Microsoft Azure large language models that orchestrates a taskforce of purpose-built FP&A agents (Planning Agent, Reporting Agent, Analytics Agent, Scenario Agent, Query Agent) and the Vena MCP Server to deliver conversational planning, forecasting, reporting and analytics inside Excel, Teams, Power BI and Azure.
• Vena Financial Consolidation Excel-native, AI-enabled financial consolidation product that supports intercompany eliminations, FX translation and ownership structures within a governed environment, connecting financial close to planning.
• Vena Insights Self-serve advanced analytics offering built on Microsoft Power BI with pre-built dashboards that increase financial intelligence and decision-making for Vena users.
• Vena for PowerPoint Microsoft PowerPoint add-on that lets users create and collaborate on data-driven presentations with real-time Vena financial insights.
• Vena Copilot for Microsoft Teams Microsoft Teams integration that embeds Vena Copilot's agentic AI directly within Teams meetings, chats and channels, available via Microsoft AppSource.
• Vena for Microsoft Dynamics 365 Business Central Native, self-serve connector that connects Microsoft Dynamics 365 Business Central data into Vena's centralized platform, creating a single source of truth for planning and reporting.
• Acterys Microsoft Power BI-based operational planning and app development platform (acquired March 2026) that provides a proprietary Power BI write-back engine, multidimensional modeling aligned with Microsoft Fabric, and operational planning and application development capabilities for IT and Finance teams.
• Vena Professional Services Implementation, training and advisory services delivered to Vena customers, supported through the Vena partner ecosystem of Services Partners, Referral Partners and Solutions Partners.
• Vena Academy & Vena Mastery Education and certification programs (Vena Mastery classes, CPE/CPD courses, Microsoft for Finance) delivered via academy.venasolutions.com, complemented by the Vena Community.

Quantifiable outcome

• 66% faster planning cycles (iPSL)
• +13 more outcomes

Named customers24 records

Segments18 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration21 records

AI capability10 records

Feature9 records

Partnerships

Ten partnerships are on record, tiered flagship, core and minor.

• Acterys (Managility Pty Ltd)flagshipStrategic or Co-development Partner · 26 March 2026Vena completed its acquisition of Acterys (operating as Managility Pty Ltd), a Microsoft Power BI-based operational planning and app development platform. Acterys brings proprietary Power BI write-back engine, Microsoft Fabric analytics, and 300+ global customers. Acterys CEO Mike Zack continues as General Manager; CTO Hesam Ziaei joins Vena as VP of R&D to lead a unified product roadmap.
• MicrosoftflagshipStrategic or Co-development Partner · 3 February 2026Microsoft is Vena's flagship technology and ecosystem partner. Vena is a Microsoft managed ISV that is MPO and co-sell eligible, MACC-enabled, with Vena solutions available via Microsoft AppSource and Azure Marketplace. Vena Copilot is built on Microsoft Azure large language models, and Vena is deeply integrated with Microsoft Excel, Power BI, Azure, Fabric and Microsoft Teams. Microsoft executives provided quotes in Vena press releases and Vena is co-sold via Microsoft's field organization.
• Citrin CoopermancoreImplementation/ SI/ Consulting Partner · 4 September 2025Named Vena's Partner of the Year - North America (2025 Partner Awards) and featured in Vena's partner success stories for customer-centric FP&A delivery alongside Microsoft.
• CanduracoreImplementation/ SI/ Consulting Partner · 4 September 2025Named Vena's Partner of the Year - UKI and Growth Award winner at the 2025 Partner Awards.
• FinextcoreImplementation/ SI/ Consulting Partner · 4 September 2025Named Vena's Partner of the Year - International and featured in Vena's partnership success story content.
• CFGIminorImplementation/ SI/ Consulting Partner · 4 September 2025Named Vena's Rising Star of the Year at the 2025 Partner Awards.
• ProLytics Consulting GroupminorImplementation/ SI/ Consulting Partner · 4 September 2025Named Vena's Industry Partner of the Year at the 2025 Partner Awards and featured in Vena's partnership success stories.
• DelbridgeminorImplementation/ SI/ Consulting Partner · 4 September 2025Received Vena's Customer Choice Award at the 2025 Partner Awards.
• MCCminorGTM or Marketing Partner · 4 September 2025Received Vena's Excellence in Marketing award at the 2025 Partner Awards.
• Microsoft Dynamics 365 / Power BI / Microsoft Fabric / Excel / PowerPoint / TeamsflagshipTechnology or IntegrationVena provides native, deep integrations with the full Microsoft 365 / Dynamics 365 stack including Microsoft Excel, Power BI, PowerPoint, Teams, Azure, Microsoft Fabric, Microsoft Dynamics 365 Business Central, and Microsoft Dynamics 365 F&O (the only pre-built Microsoft Fabric connector for F&O). Logos are featured on the integrations section of the Vena homepage.

Scale indicators9 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Anaplan: Anaplan is a leading cloud-native business planning and FP&A platform now owned by Salesforce. It is the most direct competitor to Vena in enterprise FP&A, budgeting, and scenario modeling for mid-market and enterprise finance teams.
• Pigment: Pigment is a cloud-native FP&A and business planning platform purpose-built for enterprise finance teams. It directly competes with Vena in driver-based planning, scenario modeling, and AI-augmented forecasting for CFOs and FP&A leaders.
• Workday Adaptive Planning: Workday Adaptive Planning (formerly Adaptive Insights) is a cloud-based FP&A and EPM platform tightly integrated with the Workday HCM and finance suite. It competes head-to-head with Vena for mid-market and enterprise FP&A wins and was strengthened by Workday's acquisition of Mosaic.
• Planful: Planful is a cloud FP&A platform focused on continuous planning, financial close, and analytics for the Office of Finance. It competes with Vena for mid-market and enterprise FP&A buyers seeking alternatives to legacy on-premises EPM stacks.
• OneStream: OneStream is a unified corporate performance management platform spanning financial close, consolidation, FP&A, and reporting. It is a direct Vena competitor in financial close, consolidation, and corporate FP&A for enterprise finance teams.
• Prophix: Prophix is a corporate performance management vendor offering budgeting, planning, financial close, and analytics. It competes with Vena in mid-market FP&A and has overlapping Excel-adjacent and cloud deployment options for finance teams.
• Cube Software: Cube Software is an FP&A platform that integrates natively with both Excel and Google Sheets for modeling while providing cloud-based planning and reporting. It overlaps directly with Vena's Excel-native FP&A positioning for finance teams.

Broad incumbents

• Oracle EPM (Hyperion): Oracle EPM (formerly Hyperion) is a broad incumbent suite for financial close, consolidation, planning, and profitability analysis. It competes with Vena for enterprise EPM/FCCS RFPs but as part of Oracle's wider applications portfolio rather than a niche FP&A specialist.
• SAP Analytics Cloud / SAP BPC: SAP Analytics Cloud and SAP BPC offer enterprise planning, budgeting, and analytics tightly coupled with SAP S/4HANA and the broader SAP suite. It is a broad incumbent alternative to Vena in large SAP-centric enterprises.

Emerging players

• Mosaic (a Workday company): Mosaic is a strategic finance and FP&A platform acquired by Workday to extend Adaptive Planning's AI-native capabilities. It competes with Vena in modern, AI-augmented FP&A and brings cloud-native analytics that overlap with Vena's agentic Copilot roadmap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/venasolutions
• YouTubeyoutube.com/@venasolutions
• LinkedInlinkedin.com/company/vena-solutions
• Facebookfacebook.com/venasolutions
• Instagraminstagram.com/venasolutions

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vena Solutions