Friday, May 24, 2024

Vareto Introduces First Multiplayer Platform In Enterprise Planning Category

Related stories

Icertis Bolsters Leadership Team for Future as Definitive Platform for Enterprise Contract Intelligence

Icertis, the global leader in AI-powered contract intelligence, has appointed...

Nightfall Launches Firewall for AI to Secure GPT-4o

Nightfall AI, the leading enterprise data leak prevention (DLP)...

SingleStore Welcomes Robert O’Donovan as Chief Financial Officer

SingleStore, the data platform that allows you to transact,...

Qualcomm Accelerates Development for Copilot+ PCs with Snapdragon Dev Kit for Windows

At Microsoft Build, Qualcomm Technologies, Inc. in collaboration with...

Mizuho and IBM Unveil Generative AI Initiative to Accelerate Recovery Time in Operations

Mizuho Financial Group, Inc. and IBM collaborated on the development...

Vareto announced the launch of the Vareto 2.0 planning and decision-making platform. A major release, Vareto 2.0 will be the first multiplayer modeling platform in the enterprise FP&A category, and the only one able to handle both the data requirements of a large business and the usability requirements of an in-house finance team.

In focusing product innovation on collaboration, scalability, and usability, the company’s founders are taking aim at a notable gap in the planning category of solutions. “Legacy solutions lack usability, startup solutions lack scalability, and there are no solutions as committed to collaboration as Vareto,” comments Vareto President and Co-Founder Lalit Singh. “Finance teams want and need to collaborate with business stakeholders on mission-critical cases like continuous sales forecasting, headcount planning, and budget management. But there is too much data complexity, too many low-level support requests, and not enough resources. People are feeling maxed out and burned out.”

At a time when there is no hiding place for ill-informed business decisions, it is more urgent than ever for software to solve the Finance workload problem. Vareto customer Sam Harris, the VP Strategic Finance at Pindrop, agrees. “The answer can not be headcount; it has to be technology,” says Harris. “Vareto collaboration is what hooked us from the beginning, and now it’s leaps and bounds better with multiplayer. We’re so excited to get the real-time collaboration of Gsheets, but with the structured data and automation of a five-star planning platform. With multiplayer, Vareto is setting the new benchmark in enterprise planning solutions.”

Also Read: Infinidat Announces Strategic Alliance with TCS to Drive Business Value and Enhance Cyber Resilience with New Services for Enterprise Storage

Before, Finance would create separate spreadsheets for collecting stakeholder inputs and having conversations, then consolidate the completed sheets back into the main model. With Vareto 2.0, Finance invites stakeholders into their main model as contributors. Each contributor gets granular access permissions, so they can only see and edit the right data. People with the same access permissions are able to make edits in real-time without worrying about version control issues. Vareto completely eliminates manual spreadsheet distribution and consolidation.

Vareto is able to handle enterprise scale including hundreds of users, millions of model rows, and billions of cell calculations. But unlike other tools for mid-sized and large enterprises, Vareto is intuitive enough for anyone to use. Now Finance can get hands on and build their own sophisticated models and reports.

Kat Orekhova, Vareto CEO, comments, “We’re thrilled to take Finance to the next level with the first-ever planning and reporting platform built with native multiplayer editing capabilities. After years of serving finance organizations and seeing how they use Vareto to automate their work and make decisions with their business stakeholders, we recognize that collaboration is the key to enabling Finance to be truly strategic. ”

SOURCE: BusinessWire


- Never miss a story with notifications

    Latest stories