Vareto Launches First Multiplayer Collaboration Platform in Enterprise Planning

Vareto launches 2.0 platform, targeting the gap in enterprise planning collaboration

SUNNYVALE, Calif., April 16, 2024 — Vareto today announced the launch of the Vareto 2.0 planning and decision-making platform. As a major version update, Vareto 2.0 is said to be the first multi-user modeling platform in the enterprise FP&A (financial planning and analysis) category, and the only one that simultaneously meets the data processing needs of large enterprises and the ease-of-use requirements of internal finance teams.

The company's founding team focused product innovation on collaboration, scalability, and ease of use, directly targeting a significant gap in current planning solutions. Lalit Singh, President and co-founder of Vareto, commented: "Traditional solutions lack ease of use, startup solutions lack scalability, and no solution is as committed to collaboration as Vareto. Finance teams want and need to collaborate with business stakeholders on key scenarios such as ongoing sales forecasting, headcount planning, and budget management. But with excessive data complexity, too many low-level support requests, and insufficient resources, people feel overwhelmed and exhausted."

In an era where wrong business decisions are easily exposed, solving financial workload problems through software is more urgent than ever. Sam Harris, VP of Strategic Finance at Pindrop, a Vareto customer, agrees. "The answer cannot be adding more people; it must be technology," said Harris. "From the start, Vareto's collaboration features attracted us, and now the multi-user capabilities take it to the next level. We are very excited to have a real-time collaboration experience similar to Google Sheets, while also having the structured data and automation capabilities of a five-star planning platform. With multi-user capabilities, Vareto is setting a new benchmark for enterprise planning solutions."

Previously, finance departments typically had to create separate spreadsheets to collect stakeholder input and communicate, then merge the completed forms back into the master model. With Vareto 2.0, finance teams can directly invite stakeholders as contributors into the master model. Each contributor has granular access permissions, so they can only view and edit the correct data. People with the same access permissions can edit in real time without worrying about version control issues. Vareto completely eliminates the manual process of distributing and merging spreadsheets.

Vareto handles enterprise-scale requirements, including hundreds of users, millions of rows of model data, and billions of cell calculations. But unlike other tools aimed at mid-to-large enterprises, Vareto is intuitive enough for anyone to easily get started. Now, finance teams can get hands-on and build their own complex models and reports.

Kat Orekhova, CEO of Vareto, said: "We are very excited to elevate financial work to a new level through the first planning and reporting platform with native multi-user editing capabilities. Through years of serving finance organizations and observing how they use Vareto to automate their work and make decisions collaboratively with business stakeholders, we recognized that collaboration is the key to making finance truly strategic."

To learn more about the impact of collaboration on financial productivity, visit vareto.com。

About Vareto

Vareto is the most collaborative planning and decision-making platform. As the first and only enterprise-grade solution with native multi-user modeling capabilities, Vareto provides finance teams and business partners with a shared workspace for budgeting, forecasting, and reporting. Companies like Pindrop, Hippo (NYSE: HIPO), and Mindtickle trust Vareto to automate tedious work and accelerate business decisions.

To learn more about the Vareto platform, customers, and career opportunities, visit vareto.com。