Overview
What is Vena?
Vena Solutions provides a financial process automation solution to automate Corporate Performance Management, accounting and budgeting, Regulatory & Compliance, and other finance-related processes. It is scaled for medium to large-sized organizations.
Vena's Awesome!
Great Product for FPA
Vena Creates Efficiencies and Increases Productivity
Vena is the Best
Vena for Business
Ease of Use
Vena Review 2024
Finance Manager
Great platform for medium sized company.
Powerful tool
Mostly field and laboratory …
Good platform
Vena Solutions Review
A great reporting time-saving tool
Easy to use....
How Vena Differs From Its Competitors
Full-Cycle Support
Finance-Informed Decisions
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Excel-based Reporting (205)9.494%
- Financial budgeting (213)9.191%
- Management reporting (210)8.989%
- Forecasting (204)8.383%
Reviewer Pros & Cons
Video Reviews
1 video
Pricing
Professional
N/A
Complete
N/A
Entry-level set up fee?
- Setup fee optionalOptional
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Features
BI Standard Reporting
Standard reporting means pre-built or canned reports available to users without having to create them.
- 7.9Pixel Perfect reports(53) Ratings
Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.
- 8.2Customizable dashboards(82) Ratings
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
- 8.4Report Formatting Templates(89) Ratings
Ad-hoc Reporting
Ad-Hoc Reports are reports built by the user to meet highly specific requirements.
- 8.7Drill-down analysis(176) Ratings
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
- 8.4Formatting capabilities(175) Ratings
Ability to format output e.g. conditional formatting, lines, headers, footers.
- 6.5Integration with R or other statistical packages(54) Ratings
Integration with the open-source R predictive modeling environment.
- 8.4Report sharing and collaboration(152) Ratings
Report sharing and collaboration is the ability to easily share reports with others.
Report Output and Scheduling
Ability to schedule and manager report output.
- 9.1Publish to Web(66) Ratings
- 9.1Publish to PDF(96) Ratings
- 8.9Report Versioning(117) Ratings
Report versioning is the assignment of version numbers to each version of a report to help in tracking.
- 8.8Report Delivery Scheduling(103) Ratings
Report Delivery Schedule is the ability to have reports delivered to a destination at a specific data and time.
Data Discovery and Visualization
Data Discovery and Visualization is the analysis of multiple data sources in a search for patterns and outliers and the ability to represent the data visually.
- 8.7Pre-built visualization formats (heatmaps, scatter plots etc.)(75) Ratings
Pre-built visualization formats are canned visualization types that can be selected to visualize different kinds of data.
- 8.3Location Analytics / Geographic Visualization(60) Ratings
Location analytics is the visualization of geographical or spatial data.
- 8.6Predictive Analytics(66) Ratings
Predictive Analytics is the ability to build forecasting models based on existing data sets.
- 8.4Pattern Recognition and Data Mining(11) Ratings
Pattern recognition and data mining mean the ability to recognize hidden patterns in large quantities of data.
Access Control and Security
Access control means being able to determine who has access to which data.
- 9.1Multi-User Support (named login)(166) Ratings
Named model access means that users have access based on name and password.
- 9Role-Based Security Model(165) Ratings
Role-based access means that access to data is determined by job or position in the corporation.
- 9.2Multiple Access Permission Levels (Create, Read, Delete)(168) Ratings
Multiple access permission levels means that different levels of users have different rights.
- 9.2Report-Level Access Control(31) Ratings
Report-level access control means that the type of report determines who has access to it.
- 8.9Single Sign-On (SSO)(124) Ratings
Allows users to use one set of login credentials to access multiple applications
Mobile Capabilities
Support for mobile devices like smartphones and tablets.
- 9.2Responsive Design for Web Access(82) Ratings
Web design aimed at producing easy-to-read sites across a range of different devices.
- 8.7Dashboard / Report / Visualization Interactivity on Mobile(70) Ratings
In-app dashboard reports and data visualization.
Budgeting, Planning, and Forecasting
These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning
- 8.6Long-term financial planning(198) Ratings
3-5 year financial plan with cashflow.
- 9.1Financial budgeting(213) Ratings
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
- 8.3Forecasting(204) Ratings
Combining actuals and budgets, rolling forecasts, driver-based models.
- 8.3Scenario modeling(183) Ratings
Financial or operational modeling of alternate future states and planning for each.
- 8.9Management reporting(210) Ratings
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 9.2Financial data consolidation(162) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 7.6Journal entries and reports(114) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 6.5Multi-currency management(108) Ratings
Ability to handle foreign currency conversions during consolidation.
- 7.8Intercompany Eliminations(107) Ratings
Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.
- 7.1Minority Ownership(72) Ratings
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
- 8.2Local and consolidated reporting(140) Ratings
Ability to report against individual business entities and the consolidated umbrella entity.
- 8.9Detailed Audit Trails(168) Ratings
Tracing changes to data and processes that were run.
Financial Reporting and Compliance
Financial statements and regulatory filings
- 9.1Financial Statement Reporting(187) Ratings
Creation and production of balance sheets, income statements, cash flows, other schedules
- 8.8Management Reporting(196) Ratings
Tools facilitating creation of internal ad hoc or standard reports.
- 9.4Excel-based Reporting(205) Ratings
Ad hoc or formatted reports using MS Excel.
- 8.5Automated board and financial reporting(148) Ratings
Tools to help automate creation of regulatory reports such as SEC filings and board books.
- 6.5XBRL support for regulatory filing(49) Ratings
Support for the XBRL standard reporting format for exchanging financial data.
Analytics and Reporting
Dashboards and scorecards for KPI monitoring and benchmarking
- 8.3Personalized dashboards(131) Ratings
Create custom dashboards and reports without the help of IT or administrators.
- 8.9Color-coded scorecards(96) Ratings
Track and analyze performances with interactive, color-coded balanced scorecards.
- 8.1KPIs(112) Ratings
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
- 7.7Cost and profitability analysis(123) Ratings
Cost and profitability analysis provides data for business decision making.
- 8.5Key Performance Indicator setting(109) Ratings
Ability to set key performance indicators for measuring progress towards goals.
- 7.5Benchmarking with external data(82) Ratings
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Integration
Ability to integrate with external applications.
- 9.4Flat file integration(166) Ratings
Integration of flat files like text documents and comma separated files
- 8.8Excel data integration(191) Ratings
Ability to integrate directly with Excel data.
- 9.1Direct links to 3rd-party data sources(150) Ratings
Integration with external applications like ERP, CRM, HCM
Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is Vena?
Vena is a Native Excel Complete Planning Platform used for budgeting and forecasting, for business leaders and finance and operations professionals.
Vena boasts users among more than 1,350 companies such as Nike, Coca-Cola Consolidated and the Kansas City Chiefs. In addition, Vena works with over 100 Partners.
Vena Features
Budgeting, Planning, and Forecasting Features
- Supported: Long-term financial planning
- Supported: Financial budgeting
- Supported: Forecasting
- Supported: Scenario modeling
- Supported: Management reporting
Consolidation and Close Features
- Supported: Financial data consolidation
- Supported: Journal entries and reports
- Supported: Multi-currency management
- Supported: Intercompany Eliminations
- Supported: Minority Ownership
- Supported: Local and consolidated reporting
- Supported: Detailed Audit Trails
Financial Reporting and Compliance Features
- Supported: Financial Statement Reporting
- Supported: Management Reporting
- Supported: Excel-based Reporting
- Supported: Automated board and financial reporting
- Supported: XBRL support for regulatory filing
Analytics and Reporting Features
- Supported: Personalized dashboards
- Supported: Color-coded scorecards
- Supported: KPIs
- Supported: Cost and profitability analysis
- Supported: Key Performance Indicator setting
- Supported: Benchmarking with external data
Integration Features
- Supported: Flat file integration
- Supported: Excel data integration
- Supported: Direct links to 3rd-party data sources
BI Standard Reporting Features
- Supported: Pixel Perfect reports
- Supported: Customizable dashboards
- Supported: Report Formatting Templates
Ad-hoc Reporting Features
- Supported: Drill-down analysis
- Supported: Formatting capabilities
- Supported: Predictive modeling
- Supported: Integration with R or other statistical packages
- Supported: Report sharing and collaboration
Report Output and Scheduling Features
- Supported: Publish to Web
- Supported: Publish to PDF
- Supported: Report Versioning
- Supported: Report Delivery Scheduling
Data Discovery and Visualization Features
- Supported: Pre-built visualization formats (heatmaps, scatter plots etc.)
- Supported: Location Analytics / Geographic Visualization
- Supported: Predictive Analytics
- Supported: Support for Machine Learning models
- Supported: Pattern Recognition and Data Mining
- Supported: Integration with R or other statistical packages
Access Control and Security Features
- Supported: Multi-User Support (named login)
- Supported: Role-Based Security Model
- Supported: Multiple Access Permission Levels (Create, Read, Delete)
- Supported: Report-Level Access Control
- Supported: Table-Level Access Control (BI-layer)
- Supported: Field-Level Access Control (BI-layer)
- Supported: Single Sign-On (SSO)
Mobile Capabilities Features
- Supported: Responsive Design for Web Access
- Supported: Dashboard / Report / Visualization Interactivity on Mobile
Vena Screenshots
Vena Videos
Vena Integrations
Vena Competitors
Vena Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | You don't need to download an app or change a setting to use Vena on your mobile device: just open your browser, go to Vena (vena.io), and log in as you normally do. The Contributor interface is fully responsive, so it can adjust to any size screen, regardless of the type of device you have. |
Supported Countries | United States of America, Canada, United Kingdom, Australia, South Africa, Europe |
Supported Languages | Vena supports any localization capabilities already native within Excel. Vena Cloud supports English, Spanish, and French. If a specific language is required please don’t hesitate to ask. |
Vena Downloadables
Frequently Asked Questions
Vena Customer Size Distribution
Consumers | 0% |
---|---|
Small Businesses (1-50 employees) | 19% |
Mid-Size Companies (51-500 employees) | 55% |
Enterprises (more than 500 employees) | 26% |
Comparisons
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Reviews and Ratings
(326)Attribute Ratings
- 8.7Likelihood to Renew19 ratings
- 8.8Availability6 ratings
- 8.5Performance6 ratings
- 9Usability26 ratings
- 10Support Rating96 ratings
- 8.9Online Training3 ratings
- 9In-Person Training3 ratings
- 7.5Implementation Rating4 ratings
- 8.2Configurability3 ratings
- 8.8Product Scalability6 ratings
- 8.9Ease of integration3 ratings
- 8.9Vendor pre-sale3 ratings
- 8.8Vendor post-sale3 ratings
Reviews
(1-25 of 225)Vena is Great!
- Ease of use
- Support when necessary
- Learning opportunities
- More training opportunities
- More templates to use
Vena's Awesome!
- Flexibility
- User acceptance
- Self service
- Power BI embedded
- Face to face interactions
Great Product for FPA
- Asset level opex and capex planning
- long range planning
- dashboarding
- The mapping portion is very easy to use once know how to. But the self-help guides are a bit confusing.
- Customer Success Team is fully dedicated to the success of our team and have become an integral part of our operations. They are always recommending best practices, having forward looking approaches, and documenting along the way.
- Ad hoc reports will be a game changer to create self- sufficiency in the organization.
- Power Point Presentation will increase productivity and efficiency to finally be able to focus on providing more insight and takeaways for the executive team.
- When copying a worksheet the mapping should copy automatically instead of having to recreate it again. Sometimes you just need a slight tweak to a worksheet, but this causes extra work.
- Reports under Task tab should allow for "sub-folders". Also the new interface makes the "real state" too small and you have to scroll to the right as opposed to going down a list of reports.
- The enabled Power BI should not be so restrictive (just one cube).
- Sales pitch needs to convey upfront it parts of the product are live vs. underdevelopment.
Vena is very customizable and easy to use but we found out that some templates might have been over engineered during the the implementation process.
Vena is the Best
- Template configuration
- Updating analysis
- Consolidation
- User controls access
Vena for Business
- Warehousing data
- Standardizing processes
- Improving collaboration
- Easy adoption
- Providing guardrails around development
- More standard templates
Ease of Use
- Ease of Reporting Building / Mapping
- Workflow Process
- ELT Intergration Capabilities
- Being able to sort by value
- Cleanup of Modeler Deleting/Adding/Moving bottom level members
- Lock down of dimension views and modeler views for protection of data
Vena Review 2024
- reporting
- consolidatings
- segmenting
- user experience
Finance Manager
- Provide Auditing Tools
- Excel Based / Familiar
- Customization
- Implementation/Specific to Banks/Credit Unions
- Overall more Bank/CU centric tools/templates/reports
Great platform for medium sized company.
- Data integration.
- Reporting
- Analysis
- Hard to use for non-finance professionals.
- Some products are not intuitively dynamic.
- Some sample files can be confusing.
Powerful tool
Mostly field and laboratory departments will use the reports and KPI generated in the solution. Otherwise, other departments will be able to control their revenues and expenses.
The direction will use the insight part of Vena to have a quick eye on the financial situation.
- Budgeting process.
- Vena provides a quick eye on the financial situation
- The zoom in function gives more details easily when we want more information
- Saving a new file every time we want to consult a statement gets heavy
- It is time consuming to zoom in a section of the results
- Programming a report can be long by selecting every section.
Good platform
- Vena allows contributors to make live changes, and its powerful data management capabilities make it easier for the finance team to track and consolidate budgeting data.
- Improving Forecasting Accuracy: Utilize analytics and forecasting models
- training and resources: need more training and recourses to utilizes powerful functions in vena
Vena Solutions Review
- Consolidation - have saved so many hours by not having to manually consolidate spreadsheets
- Audit trail history - we were able to find out who made a change that was questionable
- Drillable feature that allows our users to drill into the details of financials
- Ease of use
- Sometimes the templates are a bit complicated to use and could be a little bit more straightforward if all the dimensions are defined in the workbook.
- I would make the security easier to use.
- Helpdesk
A great reporting time-saving tool
- Mapping of SAP source data
- Quick Reporting
- Allows for calculations within Vena for Standard Costs
- Having the ability to refresh data with mapping changes without reloading it.
- Having end user able to set up/manipulate the system without a consultant's help
Easy to use....
- Real time data refresh - reports are updated immediately; no lag
- Link to the excel - useful for combining the offline and Vena functionality of excel
- Dimension management - easy to update and maintain
- Large and complex files are slow to open and save
Could be made simpler for versioning scenarios by applying a logic to data contained within a scenario for example.
Nimble but Robust Software
- Hierarchy
- Standardizing data across systems
- Scenarios/Forecasts
- System Connectivity
- More established business processes/templates
Vena Review
- Budget process
- Allocations
- Financial Reporting
- Data model
- Creating reports
- Updating templates
Vena - Great, versatile and effective FP&A solution
- Data visualisation
- Consistent Finance outputs
- Easy read/write interface with the data cube
- High ROI / value proposition
- Integration to older accounting software
Great FP&A tool
- Planning
- Forecasting
- Connectivity with Power BI
Happy Vena User.
- Data Organization.
- Report Building.
- Customer Service.
- N/A
Vena for Finance and beyond!
- Allows us to create just one template that will replicate based on which business segments we want to report on
- Allows end-users to dig into transaction details (our staff love this feature!)
- Very flexible in the way you can slice and dice data
- Enabling the print area setting on the Page Layout to flow to all worksheets in a report book
- Enabling bulk sharing of dimension members (we currently have to do this one at a time)
- Ability to drill transactions on calculated members
Perspective of seasoned Vena adminitrator
- Ease of use for end users as it is Excel based
- Cloud based access, uses-role based security and utilizes SSO
- Good ETL tools
- Dependencies on Macros in Excel which is a limitation when using Web Excel.
- Lacking ability to throttle updates to the Vena user webpage.
- No out of the box reports for site level workflow activity updates.
- Creating/updating report books can be cumbersome when you want to schedule or distribute reports to users.
Vena! Great for centralizing data and easy-to-use for end users
1. we use for budgeting and forecast twice a year of operating and capital expenses and workforce. I generate the reports and this is distributed to all 40 department heads for completion.
2. it is used for monthly variance analysis - again distributed to all departments
3. we are in process of implementation of financial reporting where accounting will begin generating all month end financial statements.
this has helped us in numerous ways, especially timeliness of being able to generate the reports and distribute them to all end users, as well as having the data stored centrally and removing the previous issues of human error. It has also helped us in being able to automate a lot of adhoc monthly reports that are usually sent out to certain departments. Once mapping is set in the report template, it's just a matter of making it available and departments are able to access whenever they need. It has technically reduced the amount of time and effort for all finance reporting, which has allowed us to save money by reducing our overall FTE.
- centralizing and storage of data
- automating monthly/quarterly reports
- easy functionality for end users
- for financial institutions, it would be nice to see easier functionality for asset-liability management - we currently have a "cube" for this, but not yet in use
- better coaching for mapping dimensions - certain areas that were a little difficult to understand during the initial implementation
- more options for email notifications - there are set actions, but some of these don't allow us to notify end user's in certain situations
Vena Review
- Store Data
- Showcase Data
- Learning aspect (very not user friendly)
- Should have workshops etc
Trust Vena
- Budgeting at a detail level
- Reporting and instant refresh and updates
- Versioning are a huge time saving
- Reconciliation are easy
- Adhoc reporting can be done very quickly
- Allocations are very effective and time saving
- Security works well and can be managed easily
- Advanced mapping can get tricky
- Learning how to use Vena, the knowledge base platform can have videos more than screenshots
- HR module takes a long time to run, save and refresh
- Cascading a report is generally slow
- Vena support can be even better. More training materials can be useful