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Case Study: Cumming Corporation reached 255% ROI in six months with Vena

Cumming Corporation Case StudySourced & dated by Case Study Desk
Key facts · TL;DR
Company
Cumming Corporation
Industry
Professional Services
Challenge
Manual spreadsheet finance with version and security risks
Headline result
255% ROI after six months

Key results

255%
ROI after six months
Calculated by Nucleus Research
50%
Faster budgeting cycle
Now every three months
4 wks → 1 day
Reporting after month-end close
1 hr
Training time per employee

The challenge

Cumming Corporation, a global project and cost management consultancy, ran financial operations in manual spreadsheets. This created version-control issues, data silos, weak template-integrity controls and viewing-privilege vulnerabilities that posed security risks.

The solution

Cumming selected Vena's corporate performance management platform for its Excel-native interface, flexibility and scalability, establishing a single source of truth for global project collaboration.

Excel itself is a very robust tool outside of the box. There's just some weaknesses that I think Vena fulfills...that single source of truth, which eliminates a lot of the Excel or spreadsheet issues.

DD
Dominic DiBernardo
Chief Business Intelligence Officer, Cumming Corporation

The results, in context

Nucleus Research calculated a 255% ROI after six months. Cumming accelerated its budgeting cycle by 50% to every three months and cut the reporting cycle from four weeks after month-end close to one day. Average training time was one hour per employee and implementation cost less than one-third of the expected budget.

Products used

Vena Solutions Vena Complete Planning