Case Study: PetIQ closed its books 12 days faster with Vena while scaling to $1B in sales
Key results
The challenge
PetIQ, a pet health and wellness manufacturer and veterinary services provider, had to consolidate data across a growing number of ERPs, from two up to five, using malfunctioning SQL queries and manual Excel processes that took over three months. Internal IT support was limited despite ongoing acquisitions.
The solution
PetIQ adopted Vena's financial consolidation platform with automated ETL connectors and Excel-based templates, supported by Vena's Expert Managed Services Plus (EMS+).
“The biggest impact has really been on the timeliness and the ability to generate high-quality data and financial reports...Vena very much helps us enable [agility].”
PJPat JonesSenior Vice-President and Corporate Controller, PetIQ
The results, in context
PetIQ decreased its month-end close time by 12 days and implemented a nine-month rolling forecast in place of ad hoc forecasts. It produced a consolidated business-wide balance sheet and grew from $200M to $1B in sales while managing five ERPs without adding headcount.