Microsoft Dynamics GP is an ERP software with accounting capabilities. It includes various packs for customizability and features tailored to specific industries’ needs. GP is offered as a perpetual license or subscription.
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Vena
Score 8.1 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.
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Pricing
Microsoft Dynamics GP
Vena
Editions & Modules
No answers on this topic
Professional
N/A
Complete
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Offerings
Pricing Offerings
Microsoft Dynamics GP
Vena
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
Yes
Entry-level Setup Fee
No setup fee
Optional
Additional Details
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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.
For a limited time, new customers who use Microsoft Dynamics 365 Business Central (Online) as their primary ERP can get a free year of Vena and 40% off implementation costs.
Vena also offers special pricing for not for profit organizations. To learn more, speak to an expert.
The only product with have shopped was Sage Intacct. It is somewhat unfair to compare the two solutions, because Sage Intacct is a cloud-based solution. That said, Intacct appears to advertise better reporting/business intelligence capabilities. MS Dynamics GP should be aware …
We did not evaluate any other products. We knew we wanted to embrace, not replace, excel, and Vena is best in class as a CPM tool that leverages Excel as a lens into the database.
We had Prophix (old version) for planning and budgeting and it was way less user-friendly and flexible than Vena. We always had to go back to Excel to build more complex reports and share them. And we extended the use of Vena to monthly reporting, which could not have been done …
I did not select Vena, and would not after popping the hood. It looks slick at a glance and has a good concept going, but once you begin to investigate further, there are a lot of foundational issues. Have your IT department perform a deep dive before making a decision.
We were using Dynamic Budgets before we moved over to Vena and researched many, many, many other products before settling on Vena in the end. One of the things that quickly knocked out other vendors was our unique fiscal calendar. We have 13 periods (4 weeks each) and that …
Assuming a staff-member has excellent MS Excel skills, Vena Solutions is (most likely) capable of producing just about anything one can imagine. That said, Excel's visuals leave something to be desired. Most folks would choose a Tableau dashboard over a Vena dashboard any day. …
At the end of the day, many of Vena's competitors will offer more web-based capabilities. At the time when we made the decision, we primarily chose Vena due to the steeply discounted price tag. However, over the past couple of years, Vena has added the web-based capabilities …
We spent about a year and a half in the selection process for our budgeting system. The issue that we kept coming across was speed, flexibility, and a lack of understanding of our process during the sales cycle. Most of these other products wanted us to change our budgeting …
Features
Microsoft Dynamics GP
Vena
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Microsoft Dynamics GP
6.4
20 Ratings
17% below category average
Vena
-
Ratings
Pay calculation
6.319 Ratings
00 Ratings
Benefit plan administration
5.915 Ratings
00 Ratings
Direct deposit files
7.518 Ratings
00 Ratings
Salary revision and increment management
6.517 Ratings
00 Ratings
Reimbursement management
6.016 Ratings
00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Microsoft Dynamics GP
4.3
27 Ratings
55% below category average
Vena
-
Ratings
API for custom integration
2.526 Ratings
00 Ratings
Plug-ins
6.021 Ratings
00 Ratings
Security
Comparison of Security features of Product A and Product B
Microsoft Dynamics GP
7.0
40 Ratings
16% below category average
Vena
-
Ratings
Single sign-on capability
5.832 Ratings
00 Ratings
Role-based user permissions
8.240 Ratings
00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Microsoft Dynamics GP
5.4
41 Ratings
37% below category average
Vena
-
Ratings
Dashboards
3.529 Ratings
00 Ratings
Standard reports
6.239 Ratings
00 Ratings
Custom reports
6.539 Ratings
00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Microsoft Dynamics GP
5.1
48 Ratings
40% below category average
Vena
-
Ratings
Accounts payable
6.445 Ratings
00 Ratings
Accounts receivable
5.836 Ratings
00 Ratings
Cash management
6.436 Ratings
00 Ratings
Bank reconciliation
5.741 Ratings
00 Ratings
Expense management
4.531 Ratings
00 Ratings
Time tracking
8.014 Ratings
00 Ratings
Fixed asset management
4.528 Ratings
00 Ratings
Multi-currency support
2.819 Ratings
00 Ratings
Multi-division support
3.026 Ratings
00 Ratings
Regulations compliance
3.314 Ratings
00 Ratings
Electronic tax filing
9.012 Ratings
00 Ratings
Self-service portal
7.012 Ratings
00 Ratings
Global Financial Support
6.07 Ratings
00 Ratings
Primary and Secondary Ledgers
4.721 Ratings
00 Ratings
Intercompany Accounting
3.818 Ratings
00 Ratings
Localizations
4.513 Ratings
00 Ratings
Journals and Reconciliations
4.726 Ratings
00 Ratings
Enterprise Accounting
2.816 Ratings
00 Ratings
Configurable Accounting
3.917 Ratings
00 Ratings
Centralized Rules Framework
3.714 Ratings
00 Ratings
Standardized Processes
6.219 Ratings
00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Microsoft Dynamics GP
4.5
26 Ratings
48% below category average
Vena
-
Ratings
Inventory tracking
6.124 Ratings
00 Ratings
Automatic reordering
1.013 Ratings
00 Ratings
Location management
4.018 Ratings
00 Ratings
Manufacturing module
4.315 Ratings
00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Microsoft Dynamics GP
3.7
25 Ratings
68% below category average
Vena
-
Ratings
Pricing
3.618 Ratings
00 Ratings
Order entry
3.621 Ratings
00 Ratings
Credit card processing
1.012 Ratings
00 Ratings
Cost of goods sold
5.225 Ratings
00 Ratings
Order Orchestration
5.29 Ratings
00 Ratings
End-to-end order visibility
3.712 Ratings
00 Ratings
Order exception Resolution
3.47 Ratings
00 Ratings
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Microsoft Dynamics GP
-
Ratings
Vena
7.9
172 Ratings
3% above category average
Pixel Perfect reports
00 Ratings
8.1108 Ratings
Customizable dashboards
00 Ratings
8.1155 Ratings
Report Formatting Templates
00 Ratings
7.5163 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Microsoft Dynamics GP
-
Ratings
Vena
8.0
287 Ratings
3% above category average
Drill-down analysis
00 Ratings
8.4274 Ratings
Formatting capabilities
00 Ratings
8.3274 Ratings
Integration with R or other statistical packages
00 Ratings
7.2107 Ratings
Report sharing and collaboration
00 Ratings
8.0244 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Microsoft Dynamics GP
-
Ratings
Vena
8.0
229 Ratings
0% below category average
Publish to Web
00 Ratings
7.6130 Ratings
Publish to PDF
00 Ratings
8.1168 Ratings
Report Versioning
00 Ratings
8.0191 Ratings
Report Delivery Scheduling
00 Ratings
8.1170 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Microsoft Dynamics GP is well-suited for our environment, as we pay a diverse group of employees, including on-the-road drivers, shop employees (some in other locations), and office employees. It easily tracks time off, taxes, pay, etc. The reporting allows us to verify with our drivers how they are paid each week, whether it be through mileage or stop-offs.
It’s great for achieving flexible outcomes amid ever-changing desires among its user base. We have not implemented AI into our finances quite yet, but this seems very promising for working more efficiently in analysis and narrative prep. It works great for constant real-time data and allows us to make decisions on the fly.
Great Plains started as back office/accounting, and that is still it's strong suit.
SQL and the GP programming language, Dexterity, provide a robust, scalable, and stable platform with well documented maintenance and repair procedures. Relatively easy to manage, tune, and support.
Microsoft support for GP verges on "particularly well". Doesn't quite get there but good enough once you know what you're doing
Strong partner network, including the GP User Group (GPUG)
The Admin function of Vena, being able to set up the users in the user categories and the different groups and assigning the groups and the task bindings, is particularly easy and very helpful because as we have so many different departments and disciplines in our organization, we do need to establish pretty specific user access so this process works really well for us.
Running reports in Vena is fairly easy, and we do enjoy being able to just push a button and get some budget versus actuals.
With respect to the allocations, once the expense is entered into the allocation account, you lose the ability to run any detail on just the total of the expense. It would be nice if you could run a trial balance on the allocation accounts the same way you can with regular accounts.
I've always thought security set up could be a bit simpler. It actually has gotten better through the years. Specifically, with eight separate entities, it would be nice to have a "master" setup where you could call up one group entity, assign the users rights, and then be finished. Currently, whenever I have a new user, I have to call up each individual entity and select all of the features I want the user to have. That means I have to do eight steps for each user.
Have another license between power user and contributor that allows building reports that aren't ad hoc, but don't have all the admin rights of a power user.
Have a session on best in class Workforce Planning prior to implementation.
Due the economic challenges that Puerto Rico is having, the company has had to merge some companies in order to be more efficient. It has been easy in GP to process those merges, even thought we had to spend days to accomplish that the process was smooth and accurate. In addition we were able to streamline the purchasing and sales process and the organization is confident to keep renewing GP for the future versions.
Vena has become an integral part of finance and our daily process. Without it we would take longer to prepare results and decisions will be delayed. Vena has given the whole organization more visibility of results and budgets so that all departments participate more actively in managing their budgets rather than it being the sole responsibility of finance.
Though it is a basic accounting package, I believe some users do not find the old style menus and navigation options intuitive. There is also a great lack of training resources in the market, so users have to learn the product without guidance a lot, resulting in inefficient workflows and misuse or misunderstanding of many features.
I love this product. We integrate all of our financial needs between finance and the operations team so that we have real time data being looked at all of the time. Our operations can reach out and be able to discuss possible issues or variances at any time of the month and leads us to be able to have smoother month end closes.
Vena is seemingly always available. They plan maintenance windows well in advance and always off hours (typically over a weekend) and communicate clearly throughout maintenance about what will be affected. Over 5 years of using the product, I can only remember one time when the platform was unavailable (I believe due to an underlying server hosting issue from their provider), and they resolved the issue and had everything up and running again within 8 hours.
The performance is dependent on how much data and calculations are involved and how complex the security settings are. A simple template or report loads in seconds. A complex template or report can take a while. If there are many users with complex security settings, that will be a factor in the load time.
If I had to rate the overall support for Vena based on my experiences, I would give it a 9 out of 10. The support team is very responsive, providing best assistance during both the implementation phase and ongoing use of the Vena. They have been proactive in offering training resources and addressing me very well, which significantly enhances the user experience and overall satisfaction with the Vena.
This is the best way to learn and buy-in. The in person effect gives students both a hands on approach but an instruction to be there to customize assistance and understanding. In person also builds greater buy in with your future team on creators. However if your audience is better at on line learning this is another good option.
The training was structured as a group training to learn the basics of creating a data model and mapping a template. While we had nearly 10 participants, I was the only actual implementer so we probably didn't actually need the training and could have just learned the initial skills from the implementation consultant. Two years later, when we hired a new team member, they completed several modules in Vena Academy (a self paced learning course) which allowed them to get up to speed on the basics with just a bit of supplemental guidance from me as our existing admin.
Basically the challenge with this implementation was the Business Portal, too many errors and even the aplication is up and running the users are still having issues. We will start planning the migraton to GP 2015 soon.
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
I come from a strong background of using SAP. SAP doesn't have the flexibility of GP, an example would be SAP doesn't allow core mods, if they catch you, you lose support. Microsoft doesn't really care about mods, but they will be quick to have the vendor you used support your issue if it is caused by those mods. With SAP your company adapts to the software, where with GP you adapt the software to you.
Vena is Excel-based, which is what our users wanted. Pigment was web-based, like Adaptive, but our users did not fully trust or adopt it. Adoption drives success for any software. Amy's software, which is not adopted, has a negative ROI by definition. Vena was the right choice for us.
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
Microsoft Dynamics GP allows my clients to move from a paper or spreadsheet based company to an integrated, electronic, streamlined business. I love being able to help clients gain efficiencies through the use of Microsoft Dynamics GP.
Microsoft Dynamics GP allows for better customer service because everything is at our fingertips. If someone calls questioning an invoice, we can easily look it up. If someone calls stating they paid an invoice with a certain check number, we can quickly run a query to find that particular check number to see where it was applied.
Having everything on a single platform provides ease of use for upgrades, backups and end user training. There is only one software to learn!
Automated monthly financial statements saves us 3 hours a month.
Moving reporting away from IT has begun to save hours of IT involvement, which will only grow as we shift more reports to Vena. This frees up IT to work on more important IT initiatives.
Using budget templates saved hours of copy and paste time when gathering inputs from each department.