What users are saying about
11 Ratings
22 Ratings
11 Ratings
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Score 8.7 out of 101
22 Ratings
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Score 8.9 out of 101

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Likelihood to Recommend

Acumatica 5.0

As I have only used it in one business I can't say too much how relevant it would be for other types of business, eg Retail or Manufacturing. It doesn't appear to be specifically set up for ecommerce.

We wholesale products and it works well for that kind of business model.
Justin Leflaive profile photo

Vena Solutions

Vena has use across several business scenarios. We originally started with some basic planning solution to meet our needs and have significantly expanded the scope of our use of the tool into more sophisticated planning and forecasting and into consolidation based on the experience we've had with the tool. We are considering expanding the use of the tool as we see its ability expand beyond what we are currently using it for.
Matthew Blickley profile photo

Feature Rating Comparison

Customization

Acumatica 5.0
7.0
Vena Solutions
API for custom integration
Acumatica 5.0
7.0
Vena Solutions

Security

Acumatica 5.0
7.0
Vena Solutions
Role-based user permissions
Acumatica 5.0
7.0
Vena Solutions

Reporting & Analytics

Acumatica 5.0
6.7
Vena Solutions
Dashboards
Acumatica 5.0
4.0
Vena Solutions
Standard reports
Acumatica 5.0
7.0
Vena Solutions
Custom reports
Acumatica 5.0
9.0
Vena Solutions

General Ledger and Configurable Accounting

Acumatica 5.0
8.3
Vena Solutions
Accounts payable
Acumatica 5.0
10.0
Vena Solutions
Accounts receivable
Acumatica 5.0
8.0
Vena Solutions
Global Financial Support
Acumatica 5.0
5.0
Vena Solutions
Intercompany Accounting
Acumatica 5.0
9.0
Vena Solutions
Journals and Reconciliations
Acumatica 5.0
10.0
Vena Solutions
Standardized Processes
Acumatica 5.0
8.0
Vena Solutions

Inventory Management

Acumatica 5.0
8.5
Vena Solutions
Inventory tracking
Acumatica 5.0
9.0
Vena Solutions
Location management
Acumatica 5.0
8.0
Vena Solutions

Order Management

Acumatica 5.0
9.3
Vena Solutions
Pricing
Acumatica 5.0
10.0
Vena Solutions
Order entry
Acumatica 5.0
9.0
Vena Solutions
Cost of goods sold
Acumatica 5.0
8.0
Vena Solutions
End-to-end order visibility
Acumatica 5.0
10.0
Vena Solutions

Subledger and Financial Process

Acumatica 5.0
6.8
Vena Solutions
Automated Invoice Processing
Acumatica 5.0
7.0
Vena Solutions
Customer Collections
Acumatica 5.0
7.0
Vena Solutions
Cash Management
Acumatica 5.0
7.0
Vena Solutions
Period Close
Acumatica 5.0
6.0
Vena Solutions

Budgeting, Planning, and Forecasting

Acumatica 5.0
Vena Solutions
8.7
Long-term financial planning
Acumatica 5.0
Vena Solutions
8.8
Financial budgeting
Acumatica 5.0
Vena Solutions
8.9
Forecasting
Acumatica 5.0
Vena Solutions
8.4
Scenario modeling
Acumatica 5.0
Vena Solutions
8.5
Management reporting
Acumatica 5.0
Vena Solutions
8.8

Consolidation and Close

Acumatica 5.0
Vena Solutions
8.8
Financial data consolidation
Acumatica 5.0
Vena Solutions
8.9
Journal entries and reports
Acumatica 5.0
Vena Solutions
8.4
Multi-currency management
Acumatica 5.0
Vena Solutions
8.7
Intercompany Eliminations
Acumatica 5.0
Vena Solutions
8.8
Minority Ownership
Acumatica 5.0
Vena Solutions
9.1
Local and consolidated reporting
Acumatica 5.0
Vena Solutions
8.9
Detailed Audit Trails
Acumatica 5.0
Vena Solutions
8.5

FInancial Reporting and Compliance

Acumatica 5.0
Vena Solutions
8.7
Financial Statement Reporting
Acumatica 5.0
Vena Solutions
8.9
Management Reporting
Acumatica 5.0
Vena Solutions
8.3
Excel-based Reporting
Acumatica 5.0
Vena Solutions
8.9
Automated board and financial reporting
Acumatica 5.0
Vena Solutions
8.8

Analytics

Acumatica 5.0
Vena Solutions
8.9
Personalized dashboards
Acumatica 5.0
Vena Solutions
8.7
Color-coded scorecards
Acumatica 5.0
Vena Solutions
8.8
KPIs
Acumatica 5.0
Vena Solutions
9.1
Cost and profitability analysis
Acumatica 5.0
Vena Solutions
8.9
Key Performance Indicator setting
Acumatica 5.0
Vena Solutions
9.1
Benchmarking with external data
Acumatica 5.0
Vena Solutions
9.1

Integration

Acumatica 5.0
Vena Solutions
8.5
Flat file integration
Acumatica 5.0
Vena Solutions
8.5
Excel data integration
Acumatica 5.0
Vena Solutions
8.6
Direct links to 3rd-party data sources
Acumatica 5.0
Vena Solutions
8.4

Pros

  • Generic Inquiries are a very easy way to create custom reports.
  • The automation schedules are useful, we use these for confirming of shipments, creating invoices and emailing them. Reduces workload.
  • Open for integration with other software. We find the ease of connection to MS PowerBI very useful.
Justin Leflaive profile photo
  • Easy integration with Excel. The tool looks familiar as it looks similar to Excel.
  • Great customer support from Vena support team.
  • It has all the advantages of Excel without the limitations of Excel like the audit trail, version control etc.
  • Audit trail feature helps in identifying the source of updates on the data.
  • Efficient aggregation and consolidation tool. The volume of data we handle could not be handled by Excel efficiently. Vena solved the problem.
No photo available

Cons

  • The CRM module is very basic.
  • There is no supplier remittance function.
  • The API is basic, our ecommerce integration has had to be built nearly from scratch.
Justin Leflaive profile photo
  • Option to indicate to a manager when a template is open by contributor (or block save for a manager, if a contributor has it open). Currently, simultaneous access by two contributors is restricted, because until the file is checked in by one, edits by the other will not be possible. However, a manager can open the template that is already open by a contributor and modify it at the same time. This may lead to save conflicts and unwanted changes. It would be nice to have some sort of an indication for a manager that the template is being used by a contributor (and vice versa, too – that way a contributor would know to contact the manager if he/she is opening the template that is currently open in the manager’s view)
  • Option to add/remove users to processes that are currently active, to grant on-the-fly permission to view current tasks – i.e., it would be nice to modify access irrespective of the process status. My understanding is that this option has already been implemented in later Cloud versions (our company is currently using OnSite version).
  • When tracing mapped data – ability to focus on the source cell, as opposed to just highlighting it (currently the cell is being highlighted, but it can be in any of the worksheets in the source file and needs to be manually located).
Teymur Mammadov, CPA, CA, FCCA (UK) profile photo

Likelihood to Renew

Acumatica 5.09.0
Based on 1 answer
It is very customisable and good value for money. It is also scalable for the future. The CRM and ecommerce integtration are the main downsides.
Justin Leflaive profile photo
Vena Solutions9.1
Based on 1 answer
We have been extremely satisfied with the Vena Solutions product and have been able to become more efficient in our budgeting, forecasting and salary planning processes, as well as adding functionality and accuracy that was not possible in the past. Administrators no longer have to keep track manually of each department's budgeted net, but can use a report created in Vena to report this information, as well as see which departments have not yet submitted information. Customer service has always been very responsive as well
Lori Lambert profile photo

Usability

No score
No answers yet
No answers on this topic
Vena Solutions9.1
Based on 1 answer
One is only limited by their knowledge of Excel functions and basic understanding of database management. One does not need to know VBA, VB, C++ or even SQL.
Megan Bladen-Blinkoff profile photo

Support

No score
No answers yet
No answers on this topic
Vena Solutions8.2
Based on 1 answer
Customer support has been very prompt for both bug fixes and data loading. Enhancement requests have taken a bit longer to implement, but are within what we would consider a normal time frame compared to other software we use. I rarely have to wait long for an issue to be resolved
Lori Lambert profile photo

Implementation

No score
No answers yet
No answers on this topic
Vena Solutions9.1
Based on 1 answer
The Vena consultant had great knowledge of both the Vena solution and Excel and Excel functions. He was able to help suggest ways to build our templates that met our requirements using Excel functions we had not previously considered using. And we have been able to use the Excel information he provided in other ways outside of Vena. He was very patient and flexible as we learned the Vena tool and created templates
Lori Lambert profile photo

Alternatives Considered

NetSuite is much more expensive and is difficult to customise or integrate.
SAP is a more complex and powerful system, but several times more expensive to implement and run.
Justin Leflaive profile photo
All of the products we reviewed essentially re-create an Excel template in a browser, but without all the functionality that Excel provides. The solutions we reviewed require formula syntax to be learned as the syntax is different than Excel formulas. Some of the solutions didn't have enough depth to the data model to accommodate our chart of accounts. Vena provides more flexibility in creating data collection templates, and we believe had greater end user acceptance than other solutions would have had. We use IBM Cognos for financial reporting, but the learning curve on creating reports and powerfully using this tool is significantly higher than with Vena
Lori Lambert profile photo

Return on Investment

  • Time to match customer payments has decreased by approximately 30%.
  • Time to enter sales orders has decreased by approx 10%.
  • It has enabled up to easily access our system remotely, meaning we are able to be more flexible in our work.
Justin Leflaive profile photo
  • Vena provided a quick and affordable solution to gather inputs and generate the xml required for the FR-14A. Other solutions required much longer lead times to implement, much more IT support, and were much less flexible.
No photo available

Screenshots

Pricing Details

Acumatica 5.0

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

Vena Solutions

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required
$0*
1.  per user
Additional Pricing Details