Vena Solutions – 1618 Technologies

Exploring the Evolution of Budgeting Practices from Traditional to Technology-Driven Approaches

Leave a Comment / FP&A / Carel Potgieter

Introduction Budgeting has long been a cornerstone of financial planning, providing organizations with a structured framework for resource allocation, cost control, and strategic decision-making. However, as the business landscape evolves, so too must budgeting methodologies. This blog explores the evolution of budgeting practices from traditional methods to contemporary, technology-driven approaches. It examines how technological advancements […]

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Unlocking Financial Efficiency in South Africa’s Mining Sector

Leave a Comment / FP&A / Pieter Potgieter

South Africa’s mining industry is no stranger to complexities. As companies strive to navigate a volatile landscape, challenges in budgeting and forecasting have become more pronounced. From fluctuating commodity prices to socio-political disruptions, the sector demands robust tools to maintain financial agility and operational efficiency. Fortunately, there’s a way to rise above these challenges—by leveraging

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How to Implement Collaborative Budgeting Using Vena Solutions

Leave a Comment / FP&A / Pieter Potgieter

Collaborative budgeting is a hybrid approach that combines the best of top-down and bottom-up budgeting. This approach allows organizations to create more accurate and realistic budgets while ensuring alignment with the company’s overall strategy. Vena solutions is a powerful budgeting and forecasting platform that can help organizations implement Collaborative budgeting. Here are the steps to

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