From Spreadsheets to Smarter Finance: How Taiga Building Products Transformed FP&A with Vena and Delbridge
Taiga Building Products Ltd. is a leading distributor of building materials, serving a broad network of customers across various segments. With a strong distribution network and a commitment to quality, Taiga provides reliable access to essential building products, supporting the success of contractors, retailers, and manufacturers.
Taiga’s Challenges Before Vena
Manual and Lengthy Budgeting Process
Budgeting required manual work, with teams copying data across spreadsheets, increasing errors.
Version Control Issues
Version control in Excel was a challenge, leading to lost updates and reporting discrepancies.
Resource-Intensive Process
Collaboration was inefficient, with feedback shared via email, causing delays and confusion.
Cumbersome Data Consolidation
Aggregating budgets was slow, requiring manual roll-ups, formula checks, and reconciliations.
High Risk of Errors Due to Manual Entry
Manual inputs led to frequent errors, requiring extra time to fix miscalculations.
Lack of Real-Time Data Visibility
Leadership lacked real-time budget visibility, relying on delayed reports.
Limited Collaboration Between Departments
Finance teams spent too much time on admin tasks instead of strategic planning.
“Before implementing Vena, our annual budget process was highly manual and time-consuming. The primary challenge was the repetitive need to copy and paste data across multiple spreadsheets, which introduced a high risk of human error and inefficiencies.”
David Ding, Finance Manager
Delbridge’s Approach
To address these challenges, Delbridge implemented a structured financial planning and analysis (FP&A) solution using Vena. The core of this solution was the development of two key data cubes:
FP&A Cube
Revenue Cube
By implementing these data cubes, Taiga was able to automate data flows, ensuring that financial models and reports pulled directly from structured, real-time sources. This eliminated the need for manual data entry, improved collaboration, and provided leadership with up-to-date financial insights.
Results
“Implementing the FP&A and revenue cubes brought significant efficiency gains, automation, and improved decision-making. Reports that previously took hours or days to compile are now available in minutes, and leadership now has up-to-date financial data at their fingertips.”
David Ding, Finance Manager
Streamlined Budgeting Process
- Eliminated the need for manual data entry, reducing errors and inconsistencies.
- Automated consolidation of branch-level budgets, significantly accelerating the budgeting cycle.
Automation of Key FP&A Processes
- Financial reports now pull directly from the cubes, removing the need for repetitive data extraction and manual manipulations.
- Variance analysis is now automated, allowing for faster comparisons between budgeted and actual figures.
- The structured data model enables robust “what-if” scenario analysis, improving agility in financial planning.
Significant Time & Cost Savings
- Finance teams spend less time on administrative tasks and more on strategic analysis.
- Reports that previously took hours or days to compile are now available in minutes.
- Reduction in overtime and workload, as automation handles many repetitive tasks.
Enhanced Data Visibility & Decision-Making
- Leadership now has real-time access to financial data, enabling more informed decision-making.
- The revenue cube provides deeper insights into sales trends, product performance, and customer segmentation.
- The system’s scalability ensures that Taiga can handle future growth without additional manual work.
How We Can Help You
If you are already using Vena…
- We can review your existing Vena implementation and make recommendations for performance improvements and best practices
- Our training department can provide your users with customized ‘hands-on’ Vena product training using your existing solution
- We can help your organization with deploying Vena for additional phases
- We can provide ongoing production support as required
- Our Managed services team can manage your entire Vena solution end-to-end in production
If you want to transition to Vena…
- Our consulting team can help your organization with implementing Vena using best practices
- If you are evaluating Vena, our team can help you understand how it differs from other CPM solutions
- Our sales team can provide you with an ‘under the hood’ workshop when evaluating Vena
- We can introduce you to our clients so you can directly speak to other
- End-to-end Vena Implementation Consulting for your solution.
Vena Implementation and Consulting
Delbridge is Vena’s premier implementation partner and our consultants are here to help you implement Vena for budgeting, forecasting, and consolidation.