Gross Margin Variance Analysis Template

Vena for Cyberbanking and Acclaim Unions streamlines net absorption allowance planning, abundant advantage assay and added with action automation, abstracts affiliation and a built-in Excel interface to advice banks calibration advance amidst evolving bazaar conditions

TORONTO, April 7, 2021 /CNW/ — Vena, the Complete Planning belvedere admired by accounts and trusted by business, today appear the absolution of Vena for Banks and Acclaim Unions, a pre-configured band-aid that streamlines the FP&A and continued planning processes of cyberbanking organizations whose primary acquirement beck is absorption margins. The band-aid combines industry best practices for accumulated achievement administration (CPM) with Vena’s Advance Engine—the technology and alignment abaft your business plans—to ability net absorption allowance planning, advantage clay and assay by artefact and branch, driver-based allotment and added with action automation, abstracts integration, real-time advertisement and a accustomed built-in Excel interface.

(PRNewsfoto/Vena)

In today’s bread-and-butter environment, banks and acclaim unions accept to argue with quickly-changing bazaar conditions, tighter margins, accretion chump demands, all-around antagonism and austere authoritative acquiescence requirements. These obstacles are all the added difficult to affected aback key business processes, such as net absorption allowance planning, about-face advertisement and advantage analysis, are manual, circuitous and hindered by disparate abstracts sources, broken planning models and burst business logic. This makes accepting an efficient, adjustable and active achievement administration band-aid acute to success.

“Most planning systems aren’t purpose-built for banks and acclaim unions. They try to fit a different business archetypal into a one-size-fits-all band-aid after because the different planning, advertisement and assay needs of the industry,” said Rishi Grover, Co-founder and Chief Solutions Architect at Vena. “Vena for Cyberbanking and Acclaim Unions gives accounts and accounting teams in cyberbanking the capabilities of our Complete Planning belvedere with a band-aid configured to accommodated their business dimensions—including branches, cyberbanking products, blueprint of accounts and more. They can get up and active in a amount of weeks and hit the arena growing.”

Story continues

Vena for Banks and Acclaim Unions streamlines CPM for cyberbanking with automation and industry best practices for finance-led and continued planning, developed application Vena’s all-encompassing acquaintance with barter in the cyberbanking casework sector. The pre-configured band-aid includes integrations with amount banking, ALM and FTP antecedent systems. Its pre-configured planning templates acquiesce for real-time artefact advantage analysis, business argumentation accumulation assumptions about abject rates, allowance and absorption amount calculations, absolute clay capabilities, absolute reporting, collaborative workflows and more—all leveraging a built-in Excel interface that drives ease-of-use, cellophane crop calculations, customization and acceptance beyond the business.

“I couldn’t accept what we were able to accomplish with Vena,” said Michael To, Director of Accounts Abstracts Casework & Analytics at ATB Financial, a Canadian cyberbanking academy based in Edmonton, Alberta, with over 300 branches, $55 billion in assets and 5,400 employees. “We now accept the adequacy to attending aback at absolute against account during our account assay and see if these variances are due to our margins or to our price/volume variances. That’s article we’d never absolutely talked about before.”

Vena is additionally committed to furthering its mission to advice banks and acclaim unions ability their plan to abound through its associates with the American Bankers Association (ABA), an alignment that provides the training, advancement and ability banks and acclaim unions charge to serve their barter and communities and advice abound the economy.

“Digital transformation, powered by the appropriate technology and methodology, is analytical if banks are to accept the planning activity bare to accumulate clip with today’s quickly-changing bazaar conditions,” said Shelly Loftin, Senior Vice President, Retail Banking, Payments & Lending at American Bankers Association. “With flexible, scalable planning solutions that are easy-to-use and adopted beyond the business, institutions can accumulate key business processes, ability added analysis, drive added abreast accommodation authoritative and plan with aplomb for today and tomorrow.”

To apprentice added about Vena for Cyberbanking and Acclaim Unions, visit: venasolutions.com/industries/banking-credit-unions.

About VenaVena is the alone Complete Planning belvedere that empowers and inspires business leaders and accounts and operations professionals to plan to abound their businesses. Vena leverages the acquaintance and adaptability of an Excel interface aural the Vena Advance Engine, the SaaS belvedere and alignment that admiral your affairs and guides your adventure to growth. Over 850 of the world’s smartest companies abound with Vena. For added information, appointment venasolutions.com.

Contact

Kelly Anderson | SHIFT [email protected]

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View aboriginal agreeable to download multimedia:http://www.prnewswire.com/news-releases/vena-powers-fpa-and-cpm-for-banking-with-best-practice-pre-configured-solution-301263901.html

SOURCE Vena

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View aboriginal agreeable to download multimedia: http://www.newswire.ca/en/releases/archive/April2021/07/c4753.html

Gross Margin Variance Analysis Template – Gross Margin Variance Analysis Template
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