Case Studies NAMI Finds Peace of Mind in Budgeting & Reporting Numbers

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	NAMI Finds Peace of Mind in Budgeting & Reporting Numbers

NAMI Finds Peace of Mind in Budgeting & Reporting Numbers

Technology Category	Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Exchange & Integration Platform as a Service (PaaS) - Data Management Platforms
Applicable Functions	Business Operation
Services	System Integration Training
Challenge	NAMI faced significant challenges with their previous budgeting software, which lacked the flexibility to keep up with the growing needs of the organization. The finance team struggled with version control and accountability issues due to managing over 70 spreadsheets with multiple contributors. This led to a significant amount of time being spent on collecting, distributing, and reviewing spreadsheets, leaving little time for actual analysis. Read More
About Customer	The National Alliance on Mental Illness (NAMI) is America’s largest grassroots mental health advocacy organization. With revenues of $16 million, NAMI is dedicated to building better lives for the millions of Americans affected by mental illness. The organization relies heavily on efficient budgeting, forecasting, and reporting processes to manage its financial operations. NAMI's finance team consists of 30 users who previously used Financial Edge and Adaptive Insights for their financial processes. However, the existing software solutions were not meeting the growing needs of the organization, leading to inefficiencies and challenges in their financial operations. Read More
Solution	NAMI implemented Vena, a solution that leverages Excel’s familiar interface and flexibility, which contributed to rapid implementation and immediate adoption by the finance team. The centralized OLAP database provided by Vena offered version control and drill-down capabilities that were not possible before. Vena’s training and services teams ensured a painless rollout and seamless integration with existing data sources, making the transition smooth for NAMI. The new system allowed for better data visibility at a granular level, improved collaboration, and enhanced the overall budgeting process. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Application Infrastructure & Middleware - Data Exchange & Integration

Platform as a Service (PaaS) - Data Management Platforms

Applicable Functions

Business Operation

Services

System Integration

Training

Challenge

NAMI faced significant challenges with their previous budgeting software, which lacked the flexibility to keep up with the growing needs of the organization. The finance team struggled with version control and accountability issues due to managing over 70 spreadsheets with multiple contributors. This led to a significant amount of time being spent on collecting, distributing, and reviewing spreadsheets, leaving little time for actual analysis.

About Customer

The National Alliance on Mental Illness (NAMI) is America’s largest grassroots mental health advocacy organization. With revenues of $16 million, NAMI is dedicated to building better lives for the millions of Americans affected by mental illness. The organization relies heavily on efficient budgeting, forecasting, and reporting processes to manage its financial operations. NAMI's finance team consists of 30 users who previously used Financial Edge and Adaptive Insights for their financial processes. However, the existing software solutions were not meeting the growing needs of the organization, leading to inefficiencies and challenges in their financial operations.

Solution

NAMI implemented Vena, a solution that leverages Excel’s familiar interface and flexibility, which contributed to rapid implementation and immediate adoption by the finance team. The centralized OLAP database provided by Vena offered version control and drill-down capabilities that were not possible before. Vena’s training and services teams ensured a painless rollout and seamless integration with existing data sources, making the transition smooth for NAMI. The new system allowed for better data visibility at a granular level, improved collaboration, and enhanced the overall budgeting process.

Impact #1	The time spent collecting and confirming information decreased significantly from 80% to 20%, allowing the finance team to focus more on analysis.
Impact #2	The drill-down capabilities provided by Vena improved transparency in the budgeting process for all stakeholders, making it easier to track and manage financial data.
Impact #3	The finance team expects an even smoother and faster budget cycle next year due to the intuitive interface and easy access to data provided by Vena.

Impact #1

The time spent collecting and confirming information decreased significantly from 80% to 20%, allowing the finance team to focus more on analysis.

Impact #2

The drill-down capabilities provided by Vena improved transparency in the budgeting process for all stakeholders, making it easier to track and manage financial data.

Impact #3

The finance team expects an even smoother and faster budget cycle next year due to the intuitive interface and easy access to data provided by Vena.

Benefit #1	4x increase in time available for analysis.
Benefit #2	CFO's time spent on collecting data reduced from 80% to 20%.

Benefit #1

4x increase in time available for analysis.

Benefit #2

CFO's time spent on collecting data reduced from 80% to 20%.

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Overview

NAMI Finds Peace of Mind in Budgeting & Reporting Numbers

Operational Impact

Quantitative Benefit