Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Budgyt
Score 8.9 out of 10
Mid-Size Companies (51-1,000 employees)
Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt is presented as an optimized budgeting experience that rids users of complex, error-prone spreadsheets and the time-consuming upkeep they require. It provides users navigable dashboards, drill-downs through data hyperlinking, formulas built away from the user interface, and automatic consolidation. With…
$499
per month Departments
Vena
Score 8.7 out of 10
Mid-Size Companies (51-1,000 employees)
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.N/A
Pricing
BudgytVena
Editions & Modules
Non-Profit - Easy
$399
per month 12-month annual subscription
For Profit - Easy
$499
per month 12-month annual subscription
Non-Profit - Plus
$799
per month 12-month annual subscription
For Profit - Plus
$899
per month 12-month annual subscription
Non-Profit - Pro
$1,299
per month 12-month annual subscription
For Profit - Pro
$1,399
per month 12-month annual subscription
Professional
N/A
Complete
N/A
Offerings
Pricing Offerings
BudgytVena
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeRequiredOptional
Additional DetailsMulti-Year discounts available.The Professional Plan is the most flexible way to get started quickly and can be added onto as a company grows. The plan includes: Vena Platform, Customer Success Manager, Standard Support and Customer Portal. Complete Plan includes everything in Professional, plus: Vena Insights, Premium Support, Sandbox Environment, and Expert Managed Services. *Vena offers special pricing for not for profit organizations. To learn more, speak to an expert.
More Pricing Information
Community Pulse
BudgytVena
Considered Both Products
Budgyt
Vena

No answer on this topic

Top Pros
Top Cons
Features
BudgytVena
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Budgyt
-
Ratings
Vena
7.9
97 Ratings
0% below category average
Pixel Perfect reports00 Ratings7.356 Ratings
Customizable dashboards00 Ratings8.286 Ratings
Report Formatting Templates00 Ratings8.293 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Budgyt
-
Ratings
Vena
7.9
187 Ratings
4% below category average
Drill-down analysis00 Ratings8.7180 Ratings
Formatting capabilities00 Ratings8.4179 Ratings
Integration with R or other statistical packages00 Ratings6.158 Ratings
Report sharing and collaboration00 Ratings8.4156 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Budgyt
-
Ratings
Vena
8.8
144 Ratings
8% above category average
Publish to Web00 Ratings8.670 Ratings
Publish to PDF00 Ratings9.1100 Ratings
Report Versioning00 Ratings8.8121 Ratings
Report Delivery Scheduling00 Ratings8.7107 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Budgyt
-
Ratings
Vena
7.9
89 Ratings
4% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings8.379 Ratings
Location Analytics / Geographic Visualization00 Ratings7.764 Ratings
Predictive Analytics00 Ratings7.770 Ratings
Pattern Recognition and Data Mining00 Ratings8.115 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Budgyt
-
Ratings
Vena
9.0
181 Ratings
4% above category average
Multi-User Support (named login)00 Ratings9.1170 Ratings
Role-Based Security Model00 Ratings8.9169 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings9.1172 Ratings
Report-Level Access Control00 Ratings9.135 Ratings
Single Sign-On (SSO)00 Ratings8.8128 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Budgyt
-
Ratings
Vena
8.3
89 Ratings
4% above category average
Responsive Design for Web Access00 Ratings8.586 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings8.174 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Budgyt
-
Ratings
Vena
8.6
225 Ratings
4% above category average
Long-term financial planning00 Ratings8.6202 Ratings
Financial budgeting00 Ratings9.1217 Ratings
Forecasting00 Ratings8.2208 Ratings
Scenario modeling00 Ratings8.0187 Ratings
Management reporting00 Ratings8.9214 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Budgyt
-
Ratings
Vena
8.0
195 Ratings
0% above category average
Financial data consolidation00 Ratings9.3166 Ratings
Journal entries and reports00 Ratings7.7118 Ratings
Multi-currency management00 Ratings6.6112 Ratings
Intercompany Eliminations00 Ratings7.9111 Ratings
Minority Ownership00 Ratings7.376 Ratings
Local and consolidated reporting00 Ratings8.3144 Ratings
Detailed Audit Trails00 Ratings8.7172 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Budgyt
-
Ratings
Vena
8.3
215 Ratings
1% above category average
Financial Statement Reporting00 Ratings9.0191 Ratings
Management Reporting00 Ratings8.7200 Ratings
Excel-based Reporting00 Ratings9.4209 Ratings
Automated board and financial reporting00 Ratings8.4152 Ratings
XBRL support for regulatory filing00 Ratings6.352 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Budgyt
-
Ratings
Vena
8.1
162 Ratings
1% above category average
Personalized dashboards00 Ratings8.4135 Ratings
Color-coded scorecards00 Ratings8.9100 Ratings
KPIs00 Ratings7.7116 Ratings
Cost and profitability analysis00 Ratings7.8127 Ratings
Key Performance Indicator setting00 Ratings8.2113 Ratings
Benchmarking with external data00 Ratings7.486 Ratings
Integration
Comparison of Integration features of Product A and Product B
Budgyt
-
Ratings
Vena
9.0
211 Ratings
8% above category average
Flat file integration00 Ratings9.2170 Ratings
Excel data integration00 Ratings8.9195 Ratings
Direct links to 3rd-party data sources00 Ratings8.9154 Ratings
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Score 8.3 out of 10
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Score 9.6 out of 10
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Score 9.6 out of 10
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User Ratings
BudgytVena
Likelihood to Recommend
8.9
(29 ratings)
8.8
(229 ratings)
Likelihood to Renew
9.1
(5 ratings)
8.7
(19 ratings)
Usability
8.9
(10 ratings)
9.0
(26 ratings)
Availability
-
(0 ratings)
8.8
(6 ratings)
Performance
-
(0 ratings)
8.6
(6 ratings)
Support Rating
8.6
(5 ratings)
10.0
(96 ratings)
In-Person Training
-
(0 ratings)
9.0
(3 ratings)
Online Training
-
(0 ratings)
8.9
(3 ratings)
Implementation Rating
9.1
(3 ratings)
7.4
(4 ratings)
Configurability
-
(0 ratings)
8.2
(3 ratings)
Ease of integration
-
(0 ratings)
8.9
(3 ratings)
Product Scalability
9.0
(9 ratings)
8.8
(6 ratings)
Vendor post-sale
-
(0 ratings)
8.9
(3 ratings)
Vendor pre-sale
-
(0 ratings)
8.9
(3 ratings)
User Testimonials
BudgytVena
Likelihood to Recommend
Budgyt
I'm sure that Budgyt would not be the most appropriate solution for large, complex organizations with numerous entities or overly complicated structures. Those org's likely have solutions within their ERPs or other sophisticated finance systems with budgeting/reporting capabilities that mirror Budgyt, making it redundant. However, for an easy, and relatively cheap solution to meeting those needs, as well as forecasting and analysis, I would recommend Budgyt to anyone with the need.
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Vena Solutions
It is well suited for scenarios where a company needs an efficient and scalable solution to implement in their daily products; it eases the work and saves time using Vena. However, I would not recommend this product before analyzing and estimating a budget because it can be pretty expensive for small and medium-sized companies.
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Pros
Budgyt
  • Combining departments (components of an entity or a component of various entity's income statement) or isolating departments (small slivers) of an entity's income statement. We can look at specific departments of specific entities together, with ease.
  • Splicing / flipping reports into countless formats. Helpful for users of the financial statements that digest data/numbers differently than the financial accountants who prepare the numbers.
  • It is relatively easy to import data from our Jonas accounting program into Budgyt.
  • We've had prompt customer service when we've encountered issues and they were readily available during implementation.
Read full review
Vena Solutions
  • 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
Read full review
Cons
Budgyt
  • Inside setting up HR forumlas, it should give more than one filter criteria.
  • Application got slow after putting the information of HR module and formuals, need to speed up.
  • Selection of multiple companies with different GLs can be an option where it is lacking.
  • Didn't see the multicurrency feature, can be a good add on.
Read full review
Vena Solutions
  • It would be great if the templates didn't have to be launched from the download folder for end users. This concept is often confusing for end users and they don't always understand why they can't open the file back up from their downloads folder later on. Might be better if the templates opened in Excel online for end users when a workflow is in play.
  • The data integration (API) is a bit confusing. All the steps and stages are hard to follow. It would be great if this area could be "dumbed" down a bit further for us non-data people.
  • Permissions are a bit tedious to set up. We decided to set up permissions using permission user groups instead of task bindings because it would be easier to manage and not accidentally mess up but it still is really tedious because pretty much each person in our organization has to have a separate user group set up for them.
  • The report books don't seem to work consistently and don't always follow our permission set up so they've not been useful. This is a feature I'd really like to take advantage of but it just isn't quite where I need it to be yet.
  • The formula (DAX) building feature in Insights is not great. It would be more helpful if it showed you the same tooltips that PBI desktop shows you when you start typing out a formula.
  • It would be very helpful to be able to drill down on a budget/forecast number and see the LID (line item detail) beneath it and not just the dimension details.
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Likelihood to Renew
Budgyt
Our organization has increased our level of financial reporting and decreased the time it takes to build a budget with the Budgyt platform. Because our budget managers have access, it allows them a higher level of ownership for their areas.
Read full review
Vena Solutions
Vena has been a huge win for us as an organization, as it vastly improved our budgeting process by removing manual consolidation that was incredibly time consuming, and it allows us to see a multi-year view of our organizational budget across all of our funding sources. We've seen Vena's platform grow over the years and we've not yet fully adopted some of them so it feels like there's still potential to get even more value out of the platform.
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Usability
Budgyt
Has the spreadsheet feel without the clunky formulas. Prior years monthly numbers easily visible on the data sheet to compare with. Easily run various reports on the dashboard. Easy to clone/create new scenarios. Custom template to import GL detail the way want to see it. User friendly for non-finance managers to use. Options to add comments on data sheet. Approval process - easy of viewing what needs to be approved.
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Vena Solutions
This is split between usability from an end-user perspective and administrative. Administrative - The tool is lacking in a cohesive way to administer the tool, both from more of a back-end perspective (ETL/Integrations, scripting, etc.) as well as from a business administrative (Processes, Models, etc.). On the more back-end IT related aspects, the tool is a mishmash of modules that were clearly developed in stovepipe fashion. Basic feature/functionality aspects such as version control, auto vs manual save, etc. differ between the code preparation components. It is also lacking in any sort of coherent version control. Not all pages display the context information, so extreme caution must be used. There is also no coherent migration strategy. The process and model navigation has been somewhat challenging for our business administrators, often requiring assistance from Vena when creating or altering templates. 2 of 10 End User - This is better. The Excel add-in generally functions well. Creating basic templates is straightforward, and there is a large degree of flexibility when creating reporting templates. Being part of Excel puts many users into a comfort zone. The toggle switch between template and data mode is not well conceived, and the add-in pop-ups occasionally have issues on multi-monitor displays. 6 of 10
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Reliability and Availability
Budgyt
No answers on this topic
Vena Solutions
Contact with Vena Solutions technical support is quick and experts in the field always respond. It is not necessary to go through a large form to explain the problems and then answer more questions to receive a direct answer, we simply send a message indicating the specific problem and they are immediately there to actively help us
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Performance
Budgyt
No answers on this topic
Vena Solutions
Vena Solutions pages load quickly and only a few times does it get a bit slow, only when there are many integrations and the reports are long. But in general it is always fast and honestly I am very satisfied with the speed in the generation of statistical reports and the pages
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Support Rating
Budgyt
During my first year of working within the budget software, I had to go through some training while trying to meet deadlines for meetings. The team at Budgyt was very accommodating and made sure I was equipped with the knowledge that I needed to be successful
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Vena Solutions
From initiate setup to going live, Vena's customer representatives and technicians have proven to be responsive and enthusiastic in getting our company up and running. They have been patient with our questions and frustrations and worked to troubleshoot issues that have come up.
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In-Person Training
Budgyt
No answers on this topic
Vena Solutions
The original training was onsite and over two weeks. Since our original onboarding the company has come out with a training website to aid in user self directed needs.
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Online Training
Budgyt
No answers on this topic
Vena Solutions
The online training was effective, it would be nice to see a more personalized solution. I understand the training is tailored for all industries, but it would be nice to see industry-specific use cases.
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Implementation Rating
Budgyt
We were fortunate to have the founder lead us through a video conference to teach our users how to use the system. Totally invaluable!
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Vena Solutions
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
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Alternatives Considered
Budgyt
Forecaster was terrible. We switched from that. We looked at multiple products, either too expensive or not user-friendly. We switched 4 years ago. I do not recall the companies we visited back then. There are certainly more on the market now, but I have no interest in switching as our entire office loves the product.
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Vena Solutions
Vena has better reporting and budgeting functions than NetSuite Budgeting & Reporting when we compared the two. The Kansas City Chiefs currently use Vena and they had nothing but good things to say about it so that gave us confidence to go with Vena.
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Scalability
Budgyt
Budget scenarios are amazing, when it comes to educational funding, were always having to pivot. Having multiple scenarios for financial planning is key to being economically sustainable. We can quickly add services or staffing based upon funding adjustments/projections and see if they will work in our current climate. This supports leaderships ability to make quicker decisions.
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Vena Solutions
We use Vena across 10 countries and 200 users who are located in a wide range of settings and internet reliability. Even with that wide implementation, the most common issue we run into is a new hire not installing the Vena add-in, which is a super quick fix. Depending on our user's location, the internet can sometimes be spotty, but that is outside of Vena's control and even in those settings, Vena might take a little longer to open a template, but it still does open and the user can complete their work. Over 5 years of using Vena, we've collectively only had 3 issues where we needed Vena support to help look at a specific issue a user was having.
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Return on Investment
Budgyt
  • We have had better control on labor cost. The software has helped us project when we need to add new employees to handle our contact center volume.
  • Running different budget scenarios helped us navigate the impact of Covid on our business.
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Vena Solutions
  • Saved considerable time for monthly close by streamlining reporting and entries
  • Saved considerable time and effort for reconciliations by standardizing input and output and ability to send reviews to different users and track completion
  • Saved a lot of headache when tracking down variances
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ScreenShots

Budgyt Screenshots

Screenshot of DashboardScreenshot of Manage Scenarios (Budgets)Screenshot of Copy DataScreenshot of Data SheetScreenshot of Manage C2C's (Category to Category Formulas)

Vena Screenshots

Screenshot of Operation Expenses - Predictive AnalysisScreenshot of Allocations DashboardScreenshot of Vena Add InScreenshot of Power BI DashboardScreenshot of Operational Expenses - Drill through analysisScreenshot of Process Status Dashboard