FormMed is Germany's market leader in science-based micronutrients for therapists. And you can see that in its growth. But as is often the case: the tools didn't always grow with it. Financial planning was done in one big Excel-with all the risks that entails. Time-consuming, error-prone and inflexible. It was clear: there had to be a professional and scalable FP&A solution.
"From day one, I saw the risks. We were working with one huge Excel-inefficient and vulnerable. We needed professional software to get rid of that."
- Fabian Frambach, FP&A Team Lead, FormMed
The requirements were clear: a flexible, user-friendly solution that would grow with the company. Many tools proved too rigid or complicated. Vena stood out precisely because it works natively in Excel. That made the switch easy for FormMed's finance team.
But good software is only half the story. Finext brought the substantive FP&A knowledge, experience with implementations and a way of working together that suited FormMed well.
"Finext was our regular sparring partner. They understood our business, thought with us and came up with smart ideas that they had also seen with other clients."
- Fabian Frambach
Live in eight weeks
Within eight weeks, key templates were running in Vena. With on-site workshops and practical exercises, we helped the team quickly become familiar with the system. This also revealed hidden data problems in the ERP system, which we solved together. This immediately resulted in better data quality.
Faster switching, smarter planning
The implementation marked a marked change. The finance team quickly noticed a difference in day-to-day operations:
- Faster month-end closing - Two day gain, with more reliable output
- Less time spent on budget rounds- Three to four days per cycle saved
- Calculating scenarios - Essential for 2025 cash flow strategy
- Better source data - Quality issues surfaced quickly
- Greater transparency - New accounts and audit trails make audit easier
"Forecasts are now clear and simple. Reports take less time, giving me more room for analysis and communication with investors."
- Fabian Frambach
Vena's flexibility helps the team respond more quickly to changes-from within and without. For Fabian himself, the implementation also meant depth: he gained more insight into the dynamics of cash flow and strengthened the strategic role of finance within FormMed.
The next step: growing with confidence
Vena is now a regular part of daily operations. The next step? Further automation and continuous improvement. For example, the team is working on automated shareholder reports in PowerPoint and reducing manual work with the goal of having more time to really support the business.
"Vena's flexibility gives us an edge. It grows with our business, allowing us to focus on what really matters."
- Fabian Frambach
Future-proof your financial planning, too?
Let's work together to see how we can simplify and scale up your FP&A-just like FormMed, with Finext and Vena by your side.
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