Vareto Introduces First Multiplayer Platform In Enterprise Planning Category
16 April 2024 - 8:00PM
Business Wire
Vareto 2.0 delivers major innovation, becoming the only planning
and reporting platform to offer scalable, flexible modeling power
in a multiplayer workspace.
Vareto today 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.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240416472558/en/
Multiplayer modeling in the Vareto
platform. Credit: Vareto Inc.
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.
”
Visit vareto.com to learn more about the impact of collaboration
on Finance productivity.
About Vareto
Vareto is the world’s most collaborative planning and
decision-making platform. The first and only enterprise solution
with native multiplayer modeling, Vareto gives Finance and business
partners a shared workspace for budgets, forecasts, and reports.
Companies like Pindrop, Hippo (NYSE:HIPO), and Mindtickle trust
Vareto to automate busy work and accelerate business decisions.
To learn more about Vareto’s platform, customers, and career
opportunities, visit vareto.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240416472558/en/
Amy Moore, amy.moore@vareto.com