Vena Releases Gen AI Assistant for FP&A Teams

Business planning software provider Vena is bringing generative artificial intelligence capabilities to financial planning and analysis (FP&A) teams with its latest offering, Vena Copilot.

Vena Copilot for FP&A combines Vena’s FP&A expertise with Microsoft Azure OpenAI Service large language models, including GPT-4, to help FP&A teams and their collaborators increase productivity, operational efficiency, and business agility so they can focus on driving strategic impact, the Albany, NY-based company said.

With Vena Copilot for FP&A, teams can:

Easily create and train a dedicated Complete Planning AI assistant that is built on their organizational knowledge and learns from feedback and preferences to get smarter over time.
Gather data, generate reports, analyze trends, optimize forecasts, and more, doing work that used to take hours in minutes with a simple prompt.
Empower anyone to interact with data and insights quickly and easily using natural language, such as identifying seasonal patterns in revenue by product or identifying departments that have the highest in period actual to budget variances.
Create a seamless flow of work alongside Copilot for Microsoft 365 only through Vena’s native integrations with Microsoft 365, from unlocking insights to visualizing data.

“Vena Copilot for FP&A is a game-changer for FP&A teams, empowering them to do more with less effort and better use of their resources,” Vena CEO Hunter Madeley said in a statement. “It’s not just a new tool, it’s a trusted ally that helps FP&A teams and their collaborators achieve their full strategic and operational potential, driving agility and resilience in the face of dynamic business conditions.”

Vena Copilot is also enterprise-ready, built with generative AI enterprise security, compliance, and privacy capabilities, including role-based access controls and prompt compliance management, the company said. This allows FP&A teams to deploy Vena Copilot easily, safely, and responsibly within compliance requirements—no IT, data scientists, or AI engineers needed.

“Vena Copilot for FP&A is the result of our close collaboration with Microsoft to bring together the best of both worlds: Microsoft’s world-leading AI technology and Vena’s deep FP&A domain expertise,” said Hugh Cumming, chief technology officer at Vena. “By integrating Microsoft Azure OpenAI Service large language models with Vena CubeFLEX, we are giving our customers a powerful addition to their Vena Complete Planning solution that leverages their existing data, systems, and workflows and enables generative AI capabilities that are tailored to their specific FP&A requirements.”

Vena Copilot is currently in beta. You can find out more information about the platform here.