What users are saying about
1 Ratings
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144 Ratings
1 Ratings
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Score 8 out of 100

Vena Solutions

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144 Ratings
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Score 8.2 out of 100

Likelihood to Recommend

Lucanet

Lucanet is an easy to understand consolidation tool that displays the company's PnL, balance sheets, and cash flow statement in a clear way. The software is intuitive and easy to understand. User access functionalities are good. Dashboarding, reporting, and variance analysis are limited which is a disadvantage compared to other applications who do offer more all-in-one solutions.
Anonymous | TrustRadius Reviewer

Vena Solutions

Vena is able to streamline our budget reporting process, as we are able to provide standardized reports to different stakeholders with increased accuracy and level of detail. The templating solutions it provides means we can create up to date reports without having to allocate massive amounts of resources, opening us up to client ad-hoc requests and improved analysis.
Helen Coulson | TrustRadius Reviewer

Feature Rating Comparison

Ad-hoc Reporting

Lucanet
9.0
Vena Solutions
8.3
Drill-down analysis
Lucanet
9.0
Vena Solutions
8.6
Formatting capabilities
Lucanet
Vena Solutions
8.0
Integration with R or other statistical packages
Lucanet
Vena Solutions
8.3
Report sharing and collaboration
Lucanet
Vena Solutions
8.4

Budgeting, Planning, and Forecasting

Lucanet
7.5
Vena Solutions
8.1
Long-term financial planning
Lucanet
7.0
Vena Solutions
8.2
Financial budgeting
Lucanet
8.0
Vena Solutions
8.2
Forecasting
Lucanet
6.0
Vena Solutions
8.2
Management reporting
Lucanet
9.0
Vena Solutions
8.0
Scenario modeling
Lucanet
Vena Solutions
7.9

Consolidation and Close

Lucanet
8.2
Vena Solutions
8.1
Financial data consolidation
Lucanet
8.0
Vena Solutions
8.1
Journal entries and reports
Lucanet
8.0
Vena Solutions
7.0
Multi-currency management
Lucanet
9.0
Vena Solutions
8.0
Intercompany Eliminations
Lucanet
8.0
Vena Solutions
8.2
Local and consolidated reporting
Lucanet
8.0
Vena Solutions
9.0
Minority Ownership
Lucanet
Vena Solutions
7.4
Detailed Audit Trails
Lucanet
Vena Solutions
8.8

Financial Reporting and Compliance

Lucanet
8.7
Vena Solutions
8.7
Financial Statement Reporting
Lucanet
9.0
Vena Solutions
8.6
Management Reporting
Lucanet
8.0
Vena Solutions
8.8
Excel-based Reporting
Lucanet
9.0
Vena Solutions
9.1
Automated board and financial reporting
Lucanet
Vena Solutions
9.4
XBRL support for regulatory filing
Lucanet
Vena Solutions
7.5

Analytics

Lucanet
6.7
Vena Solutions
8.7
Personalized dashboards
Lucanet
7.0
Vena Solutions
7.8
KPIs
Lucanet
6.0
Vena Solutions
9.1
Cost and profitability analysis
Lucanet
7.0
Vena Solutions
9.7
Color-coded scorecards
Lucanet
Vena Solutions
8.3
Key Performance Indicator setting
Lucanet
Vena Solutions
9.1
Benchmarking with external data
Lucanet
Vena Solutions
8.1

Integration

Lucanet
9.0
Vena Solutions
8.1
Flat file integration
Lucanet
9.0
Vena Solutions
8.8
Excel data integration
Lucanet
9.0
Vena Solutions
9.2
Direct links to 3rd-party data sources
Lucanet
Vena Solutions
6.2

BI Standard Reporting

Lucanet
Vena Solutions
8.0
Pixel Perfect reports
Lucanet
Vena Solutions
8.2
Customizable dashboards
Lucanet
Vena Solutions
7.8
Report Formatting Templates
Lucanet
Vena Solutions
8.1

Report Output and Scheduling

Lucanet
Vena Solutions
8.5
Publish to Web
Lucanet
Vena Solutions
7.9
Publish to PDF
Lucanet
Vena Solutions
7.8
Report Versioning
Lucanet
Vena Solutions
9.1
Report Delivery Scheduling
Lucanet
Vena Solutions
9.2

Data Discovery and Visualization

Lucanet
Vena Solutions
8.1
Pre-built visualization formats (heatmaps, scatter plots etc.)
Lucanet
Vena Solutions
7.9
Location Analytics / Geographic Visualization
Lucanet
Vena Solutions
7.9
Predictive Analytics
Lucanet
Vena Solutions
8.3

Access Control and Security

Lucanet
Vena Solutions
8.9
Multi-User Support (named login)
Lucanet
Vena Solutions
9.2
Role-Based Security Model
Lucanet
Vena Solutions
8.8
Multiple Access Permission Levels (Create, Read, Delete)
Lucanet
Vena Solutions
9.2
Single Sign-On (SSO)
Lucanet
Vena Solutions
8.3

Mobile Capabilities

Lucanet
Vena Solutions
8.0
Responsive Design for Web Access
Lucanet
Vena Solutions
8.1
Dashboard / Report / Visualization Interactivity on Mobile
Lucanet
Vena Solutions
7.9

Pros

Lucanet

  • Very intuitive interface to slice and dice the data to have a monthly, quarterly, or yearly view
  • Easy to add additional journal entries
  • Present legal consolidation structure in an intuitive way
Anonymous | TrustRadius Reviewer

Vena Solutions

  • Vena provides all the customizable flexibility and advanced calculation that you can squeeze out of Excel because Excel is used as the front-end. You can tailor the reporting and budget templates to your exact needs and leverage your existing Excel skills.
  • Even though you work in Excel, the data is all controlled by a multi-dimensional cloud database. So your work is safe. Changes are auditable, and nobody has to rely on sharing Excel files between each other and tracking the latest version.
  • Vena's workflow system can be extremely simple if that's what you need. Or you can build some fairly complex process flows for any task.
Aaron Andersen | TrustRadius Reviewer

Cons

Lucanet

  • Limited dimensions to drill-down to a lower level of detail
  • Limited reporting functionality
  • We used it mainly for consolidation of actuals. As far as I know, limited functionality for variance analysis
Anonymous | TrustRadius Reviewer

Vena Solutions

  • In Report Books, the option to run reports as PDF would be helpful.
  • In Report Books, the option to add more than one report to the book would be extremely useful. Currently, users receive multiple emails because we can only have one report per book.
  • In Report Books, the ability to output files to a directory rather than sending them via email would be a nice enhancement.
Alicia Scappe | TrustRadius Reviewer

Likelihood to Renew

Lucanet

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 7.9
Based on 8 answers
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 | TrustRadius Reviewer

Usability

Lucanet

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 7.3
Based on 15 answers
Their tool automatically recognises the crucial facts for the business such as budgeting, planning, resource and presents it in a dynamic presentable format in the dashboard which also gets updated in real time. It has filters which can be used to dial down to the required facts and focus on the data for the necessary section.
Samuel Johnson | TrustRadius Reviewer

Reliability and Availability

Lucanet

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 9.1
Based on 2 answers
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
Charlotte Byrne Brown | TrustRadius Reviewer

Performance

Lucanet

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 9.1
Based on 2 answers
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
Jeremiah Adrian Howard Ross | TrustRadius Reviewer

Support Rating

Lucanet

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 8.8
Based on 91 answers
Technical support helped us with the first setup, guided us through the installation process, and gave us tips for improvement as we progressed through the use. The response was quick and we were treated very kindly, we sincerely felt at ease.
Ezra Biffa Cliff | TrustRadius Reviewer

Implementation Rating

Lucanet

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 6.4
Based on 3 answers
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 | TrustRadius Reviewer

Alternatives Considered

Lucanet

Anonymous | TrustRadius Reviewer

Vena Solutions

The main contender with Vena was Prophix. Most of the other products we looked at were not capable of the complexity we needed. We chose Vena because the Excel templates made it look like the budget we were working with. We were able to use syntax we were familiar with for formulas and achieve the desired results. We knew any product was going to be a challenge but Vena was the appropriate choice for us.
Jay Scheumack | TrustRadius Reviewer

Scalability

Lucanet

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 9.1
Based on 2 answers
Vena solutios is a software that provides robust tools that help different departments in their statistics and we can visualize a lot of promising and visually attractive data. Vena Solutions' level of scalability is high and sustainable over time thanks to the fabulous technical support that is ready to help us at all times
Charlotte Byrne Brown | TrustRadius Reviewer

Return on Investment

Lucanet

  • Provides single source of truth regarding financial data
  • Affordable solution
Anonymous | TrustRadius Reviewer

Vena Solutions

  • From my observation, we did get a return on investment. We have FP&A tool first and foremost.
  • We are dealing with 1 financial system to get data as suppose to several sources from before.
  • For sure, Vena Solutions helped many finance teams domestically within our company with financial reporting.
jamie Luangaphay | TrustRadius Reviewer

Screenshots

Pricing Details

Lucanet

General

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

Vena Solutions

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
$0*

* per user

Rating Summary

Likelihood to Recommend

Lucanet
8.0
Vena Solutions
8.2

Likelihood to Renew

Lucanet
Vena Solutions
7.9

Usability

Lucanet
Vena Solutions
7.3

Reliability and Availability

Lucanet
Vena Solutions
9.1

Performance

Lucanet
Vena Solutions
9.1

Support Rating

Lucanet
Vena Solutions
8.8

Online Training

Lucanet
Vena Solutions
4.5

Implementation Rating

Lucanet
Vena Solutions
6.4

Scalability

Lucanet
Vena Solutions
9.1

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