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Top Rated
219 Ratings
24 Ratings

Adaptive Insights, a Workday company

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Top Rated
219 Ratings
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Score 8.5 out of 101
24 Ratings
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Score 8.8 out of 101

Likelihood to Recommend

Adaptive Insights, a Workday company

It is very helpful for budgeting and reporting. I love how easy it is to automate reports and presentations. It can be more difficult to plan specific activities. It feels more high-level than activity-level. It shows totals rather than individual transactions (either past or future transactions).
Mark McConkie profile photo

Vena Solutions

Vena is well suited for companies that have a population of users that are fairly adept with Microsoft Excel. Ideally, the company would also have an analyst who understands business intelligence, ETL, etc. Without somebody orchestrating the production, I doubt things would run very smoothly. Assuming there is somebody capable of running the software, the tool is awesome. Whenever we discuss investigating new tools, I always say the same thing, "If we switch to another platform, our users may have an easier time. That said, it feels like we can literally do ANYTHING with Vena."
No photo available

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights, a Workday company
9.3
Vena Solutions
10.0
Pixel Perfect reports
Adaptive Insights, a Workday company
9.0
Vena Solutions
Customizable dashboards
Adaptive Insights, a Workday company
10.0
Vena Solutions
10.0
Report Formatting Templates
Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0

Ad-hoc Reporting

Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0
Drill-down analysis
Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0
Formatting capabilities
Adaptive Insights, a Workday company
7.0
Vena Solutions
10.0
Integration with R or other statistical packages
Adaptive Insights, a Workday company
8.0
Vena Solutions
Report sharing and collaboration
Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0

Report Output and Scheduling

Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0
Publish to PDF
Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0
Report Versioning
Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0
Report Delivery Scheduling
Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0

Data Discovery and Visualization

Adaptive Insights, a Workday company
7.7
Vena Solutions
10.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
Adaptive Insights, a Workday company
7.0
Vena Solutions
10.0
Location Analytics / Geographic Visualization
Adaptive Insights, a Workday company
8.0
Vena Solutions
Predictive Analytics
Adaptive Insights, a Workday company
8.0
Vena Solutions

Access Control and Security

Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0
Multi-User Support (named login)
Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0
Role-Based Security Model
Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0
Multiple Access Permission Levels (Create, Read, Delete)
Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0

Mobile Capabilities

Adaptive Insights, a Workday company
8.5
Vena Solutions
Responsive Design for Web Access
Adaptive Insights, a Workday company
8.0
Vena Solutions
Dedicated iOS Application
Adaptive Insights, a Workday company
8.0
Vena Solutions
Dedicated Android Application
Adaptive Insights, a Workday company
8.0
Vena Solutions
Dashboard / Report / Visualization Interactivity on Mobile
Adaptive Insights, a Workday company
10.0
Vena Solutions

Budgeting, Planning, and Forecasting

Adaptive Insights, a Workday company
8.3
Vena Solutions
8.8
Long-term financial planning
Adaptive Insights, a Workday company
8.4
Vena Solutions
9.0
Financial budgeting
Adaptive Insights, a Workday company
8.7
Vena Solutions
9.4
Forecasting
Adaptive Insights, a Workday company
8.9
Vena Solutions
8.5
Scenario modeling
Adaptive Insights, a Workday company
7.0
Vena Solutions
8.8
Management reporting
Adaptive Insights, a Workday company
8.3
Vena Solutions
8.2

Consolidation and Close

Adaptive Insights, a Workday company
7.5
Vena Solutions
9.1
Financial data consolidation
Adaptive Insights, a Workday company
8.0
Vena Solutions
9.6
Journal entries and reports
Adaptive Insights, a Workday company
5.8
Vena Solutions
9.1
Multi-currency management
Adaptive Insights, a Workday company
7.2
Vena Solutions
9.6
Intercompany Eliminations
Adaptive Insights, a Workday company
7.6
Vena Solutions
6.8
Minority Ownership
Adaptive Insights, a Workday company
7.1
Vena Solutions
9.1
Local and consolidated reporting
Adaptive Insights, a Workday company
8.1
Vena Solutions
9.7
Detailed Audit Trails
Adaptive Insights, a Workday company
8.5
Vena Solutions
9.7

FInancial Reporting and Compliance

Adaptive Insights, a Workday company
7.7
Vena Solutions
9.0
Financial Statement Reporting
Adaptive Insights, a Workday company
8.9
Vena Solutions
9.6
Management Reporting
Adaptive Insights, a Workday company
8.4
Vena Solutions
8.8
Excel-based Reporting
Adaptive Insights, a Workday company
7.2
Vena Solutions
9.6
Automated board and financial reporting
Adaptive Insights, a Workday company
7.6
Vena Solutions
8.2
XBRL support for regulatory filing
Adaptive Insights, a Workday company
6.6
Vena Solutions

Analytics

Adaptive Insights, a Workday company
7.2
Vena Solutions
7.4
Personalized dashboards
Adaptive Insights, a Workday company
7.4
Vena Solutions
7.2
Color-coded scorecards
Adaptive Insights, a Workday company
6.4
Vena Solutions
6.2
KPIs
Adaptive Insights, a Workday company
7.3
Vena Solutions
6.5
Cost and profitability analysis
Adaptive Insights, a Workday company
8.2
Vena Solutions
9.6
Key Performance Indicator setting
Adaptive Insights, a Workday company
8.0
Vena Solutions
6.5
Benchmarking with external data
Adaptive Insights, a Workday company
6.0
Vena Solutions
8.5

Integration

Adaptive Insights, a Workday company
8.1
Vena Solutions
9.5
Flat file integration
Adaptive Insights, a Workday company
8.0
Vena Solutions
9.4
Excel data integration
Adaptive Insights, a Workday company
8.2
Vena Solutions
9.7
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.2
Vena Solutions
9.6

Pros

Adaptive Insights, a Workday company

  • I love how easy it is to track software and general amortizations in Adaptive. The software has been an issue with my past employers, but it flows very easily here in Adaptive.
  • We also use Adaptive's OfficeConnect for easy reporting. It has helped us automate our reporting as we work with internal departments. We have the reports built, and the software and can refresh all of them simultaneously, reducing generation time and giving us more time for analysis.
  • We are building out more operational metrics now. We are starting to track sales opportunities across different business segments to see the correlation between spending activities and opportunity generation. This helps us set better targets in the future. This paired with OfficeConnect also makes it very easy to track and report on operational metrics in addition to financial metrics.
Mark McConkie profile photo

Vena Solutions

  • Vena's strength is allowing the use of all features and functionality in Excel while also providing workflow and approval processes that can be managed on a department by department basis.
  • Having the database with saved data behind the Excel interface allow for consolidation of data and reporting at multiple organizational levels, along with providing the flexibility needed to build reports exactly as needed for each financial process.
  • Intuitive and powerful workflow functionality allows us to pre-determine our distribution cycle for spreadsheets including managing the review process, which also captures full auditing. As administrators, we can view the status of each department's work and the point at which each is in the workflow using the easily navigated management tools.
  • Version and change control of spreadsheets allows us to track changes made to spreadsheets from one year to the next as new requirements surface.
  • End users who have been accustomed to using Excel for budgeting and other processes required very little training, and we were able to enhance our previous blank Excel templates with pre-filled data for actuals, prior year budgets and personnel budgets. This allows department managers to focus on creating an accurate budget rather than spending time doing data entry and off-system analysis (which they often don't do). Users commented that implementing Vena was the best implementation we've had.
  • Customer support is great and very responsive! The training consultants are also very knowledgeable in Excel functions and provide ways to enhance templates and reporting by providing a combination of Vena and Excel solutions.
  • Vena Solutions provides users with extended Excel functionality and flexibility, especially for spreadsheet-driven processes. Vena can store a wide variety of data, allowing us to use Vena for financial processes, reporting, operations planning and human resource planning.
Lori Lambert profile photo

Cons

Adaptive Insights, a Workday company

  • When trying to learn about a new feature or a feature I have not used previously it is sometimes difficult to find that information on the help section.
  • Adaptive can be deployed through consultants when they do not have specialized knowledge like higher education. This sometimes makes it difficult to determine who to contact when experiencing issues with the model after implementation.
  • You are limited to one master chart of accounts. When you have multiple businesses this can cause some difficulties that can be overcome, but takes additional thought and planning and can cause issues when making changes.
Brian Kyslinger profile photo

Vena Solutions

  • Permissions for power users is underdeveloped. For example, no permission for a power user to act as admin in all groups but their own. - you can’t make someone an admin over certain groups without giving them the rights to change their own permissions.
  • Vena is always rolling out new functions and views making it difficult to have consistency in some of the tools you use regularly in Vena. It just requires that you read every update summary.
  • Doesn’t play well with Mac. They are getting better at this but for a long time Vena was inaccessible to Mac users and is really only available on a basic user level for Mac.
Travis Tingey profile photo

Likelihood to Renew

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.8
Based on 33 answers
We just recently renewed our contract and I wouldn't hesitate to renew again. First, Adaptive as a company has a great customer-first attitude and they're great to work with. Their customer service team is fantastic. Second, they are constantly trying to improve the product and make it better, but not losing sight of what we really need. Also, the longer you use the product the more it is filled with priceless data all in one spot with instant access to report on and dig into.
Kevin Bradshaw profile photo

Vena Solutions

Vena Solutions 9.1
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

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.3
Based on 77 answers
Menus are easy to navigate, sheets are straightforward and flexible and you can work on your budget/forecasts without being at the office. The cloud based system makes it easy for users to complete their processes offsite and without needing there work provided computer. Creating new reports using both the web based Adaptive tool and OfficeConnect is quite simple with very minimal training.
Gary Grzesiak profile photo

Vena Solutions

Vena Solutions 9.1
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

Reliability and Availability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 9 answers
It's never been out of action when we've needed to use it.
Lee Hawthorn profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Performance

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 4 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Support

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.6
Based on 12 answers
Their support infrastructure is world-class. Of course, they have a team that responds directly to issues/questions, but they also have an ecosystem of support (blogs, user forums) and training (in fact, they're training modules are some of the best I've seen).
Brad MacDonald profile photo

Vena Solutions

Vena Solutions 8.2
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

Online Training

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.2
Based on 6 answers
Training receives the highest rating due to the availability of Webex training from an expert at Adaptive, with several sessions tailored to specific features including personnel, capital, formulas, reporting, etc
Andrew Rosenberg profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Implementation

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.5
Based on 14 answers
Our implementation was non eventful and we were very satisfied with the overall experience.
Gary Sabulski profile photo

Vena Solutions

Vena Solutions 9.1
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

Adaptive Insights, a Workday company

Adaptive blows away Hyperion from an ease of use, functionality and performance standpoint. The reason we selected Adaptive initially was the flexibility of the tool (sheets), going from manual forecasts to a web based tool and being able to build assumptions into our budget and forecasting processes. Also, the cost of Adaptive licenses provided significant savings when compared to the annual fees that we paid Oracle for use and support of their system.
Gary Grzesiak profile photo

Vena Solutions

Vena is really an easy to use and powerful data centralization tool. If you are proficient the with Excel, Vena takes very little time to learn and use. Other tools have steep learning curves or don’t provide the financial reporting agility of Excel and Vena.
Travis Tingey profile photo

Scalability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 7 answers
Adaptive is the leader and is very progressive with the product improvements that they provide.
Gary Sabulski profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Return on Investment

Adaptive Insights, a Workday company

  • Budget and forecast cycles have been reduced due to the ease of data input by our end-users. We used to allow user a month to input annual budget data and we can now complete this process in two and a half weeks.
  • Forecasts used to be completed using Excel by our 17 divisions. Adaptive has allowed for us to complete the forecast process using the Adaptive tool which allows us to consolidate our forecasts immediately versus a manual process.
  • Month-end reporting used to take us 5 days to complete our package prior to using Adaptive. Our organization can now finalize our reporting in no more than 3 days due many of the reports coming straight from Adaptive.
Gary Grzesiak profile photo

Vena Solutions

  • Allows for for department heads and budget owners to be more active in the budgeting process
  • Created source of truth for budgeting and forecasting that prevents errors and centralized information
Travis Tingey profile photo

Pricing Details

Adaptive Insights, a Workday company

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
1.  per seat, per installation
Additional Pricing Details

Vena Solutions

General

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

Add comparison