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.”
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