Onno Krap– CFO- Kinly: “We now have a single source of truth and we are able to share information across the company.
Operating units and group management share the same reporting infrastructure and leverage each other’s reporting packs.
The Vena/Fluence solution is perfect for midsize companies that have outgrown their spreadsheet environment.”
What triggered the need for harmonizing and streamlining?
“from Excel to a modern, cloud-based consolidation and FP&A platform”
Kinly was using stand-alone Excel files for Group Reporting & Consolidation and was experiencing limitations in easily accommodating future growth. Within the finance group organization, there was a need for harmonizing and streamlining Consolidation and FP&A.
To support the organization’s growth, it was necessary to harmonize and streamline financial reporting capabilities.
Why Vena Solutions and Fluence Technologies?
“a user-friendly, modern and fast time-to-value CPM solution”
The combination of Vena Solutions and Fluence Technologies offered Kinly a user-friendly, customized and product-oriented group reporting solution with many expansion options for future growth. Key reasons for choosing Vena and Fluence were the fast time to value, modern look and feel and user-friendliness of the solution, while meeting all internal and external reporting requirements.