What users are saying about
195 Ratings
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139 Ratings
195 Ratings
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Score 7.8 out of 100

Vena Solutions

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139 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.5 out of 100

Likelihood to Recommend

Oracle Hyperion

Well suited: For use in multiple offices around the world. I was able to obtain financial reporting data from 5 foreign offices and then consolidate their data with 3 domestic USA offices to prepare a consolidated financial statement.Less Appropriate: Translating the financial value for consulting services could be a bit challenging because that required human interaction and judgement. It would have been great to be able to set up some software to be able to interpret this and let it run for all future project work revenue projection.
Anonymous | TrustRadius Reviewer

Vena Solutions

Vena is perfect when you can't work within a cookie-cutter budgeting system; when you have developed complex Excel budgeting/planning models that can't be duplicated in other affordable systems. Vena is right when you need enterprise-level customization, but don't have enterprise-level resources. Vena is right when you're an Excel wizard and have already figured out solutions to your modeling challenges in Excel, but you need the consistency and control of a database in the cloud. Vena is the wrong choice if you hate troubleshooting models and logic. Vena is unnecessary if your organization aligns neatly with competing products' case studies. Vena is perhaps not ideal if you need a turnkey implementation.
Aaron Andersen | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

Oracle Hyperion
7.5
Vena Solutions
8.0
Pixel Perfect reports
Oracle Hyperion
7.4
Vena Solutions
8.2
Customizable dashboards
Oracle Hyperion
7.3
Vena Solutions
7.8
Report Formatting Templates
Oracle Hyperion
7.9
Vena Solutions
8.1

Ad-hoc Reporting

Oracle Hyperion
7.7
Vena Solutions
8.4
Drill-down analysis
Oracle Hyperion
8.3
Vena Solutions
8.9
Formatting capabilities
Oracle Hyperion
7.8
Vena Solutions
8.0
Integration with R or other statistical packages
Oracle Hyperion
7.5
Vena Solutions
8.3
Report sharing and collaboration
Oracle Hyperion
7.2
Vena Solutions
8.5

Report Output and Scheduling

Oracle Hyperion
7.0
Vena Solutions
8.4
Publish to Web
Oracle Hyperion
6.6
Vena Solutions
7.8
Publish to PDF
Oracle Hyperion
6.7
Vena Solutions
7.8
Report Versioning
Oracle Hyperion
7.2
Vena Solutions
9.0
Report Delivery Scheduling
Oracle Hyperion
7.4
Vena Solutions
9.2

Data Discovery and Visualization

Oracle Hyperion
7.2
Vena Solutions
8.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
Oracle Hyperion
6.9
Vena Solutions
7.9
Location Analytics / Geographic Visualization
Oracle Hyperion
7.3
Vena Solutions
7.9
Predictive Analytics
Oracle Hyperion
7.3
Vena Solutions
8.1

Access Control and Security

Oracle Hyperion
7.3
Vena Solutions
9.0
Multi-User Support (named login)
Oracle Hyperion
7.3
Vena Solutions
9.4
Role-Based Security Model
Oracle Hyperion
6.7
Vena Solutions
8.9
Multiple Access Permission Levels (Create, Read, Delete)
Oracle Hyperion
7.3
Vena Solutions
9.2
Single Sign-On (SSO)
Oracle Hyperion
7.7
Vena Solutions
8.6

Mobile Capabilities

Oracle Hyperion
5.6
Vena Solutions
7.8
Responsive Design for Web Access
Oracle Hyperion
6.3
Vena Solutions
7.9
Dedicated iOS Application
Oracle Hyperion
5.0
Vena Solutions
Dedicated Android Application
Oracle Hyperion
5.0
Vena Solutions
Dashboard / Report / Visualization Interactivity on Mobile
Oracle Hyperion
6.1
Vena Solutions
7.7

Budgeting, Planning, and Forecasting

Oracle Hyperion
8.2
Vena Solutions
8.5
Long-term financial planning
Oracle Hyperion
8.4
Vena Solutions
8.6
Financial budgeting
Oracle Hyperion
8.5
Vena Solutions
8.8
Forecasting
Oracle Hyperion
8.2
Vena Solutions
8.6
Scenario modeling
Oracle Hyperion
7.5
Vena Solutions
8.4
Management reporting
Oracle Hyperion
8.4
Vena Solutions
8.3

Consolidation and Close

Oracle Hyperion
7.8
Vena Solutions
8.5
Financial data consolidation
Oracle Hyperion
8.3
Vena Solutions
9.0
Journal entries and reports
Oracle Hyperion
7.8
Vena Solutions
8.0
Multi-currency management
Oracle Hyperion
8.1
Vena Solutions
9.2
Intercompany Eliminations
Oracle Hyperion
7.7
Vena Solutions
7.9
Minority Ownership
Oracle Hyperion
7.4
Vena Solutions
7.3
Local and consolidated reporting
Oracle Hyperion
7.8
Vena Solutions
9.1
Detailed Audit Trails
Oracle Hyperion
7.5
Vena Solutions
8.9

Financial Reporting and Compliance

Oracle Hyperion
8.2
Vena Solutions
8.9
Financial Statement Reporting
Oracle Hyperion
8.4
Vena Solutions
9.2
Management Reporting
Oracle Hyperion
8.3
Vena Solutions
9.3
Excel-based Reporting
Oracle Hyperion
8.9
Vena Solutions
9.3
Automated board and financial reporting
Oracle Hyperion
7.8
Vena Solutions
9.2
XBRL support for regulatory filing
Oracle Hyperion
7.6
Vena Solutions
7.3

Analytics

Oracle Hyperion
7.6
Vena Solutions
8.3
Personalized dashboards
Oracle Hyperion
8.1
Vena Solutions
7.6
Color-coded scorecards
Oracle Hyperion
7.4
Vena Solutions
7.8
KPIs
Oracle Hyperion
7.5
Vena Solutions
8.6
Cost and profitability analysis
Oracle Hyperion
7.8
Vena Solutions
9.6
Key Performance Indicator setting
Oracle Hyperion
7.3
Vena Solutions
8.3
Benchmarking with external data
Oracle Hyperion
7.4
Vena Solutions
7.9

Integration

Oracle Hyperion
8.0
Vena Solutions
8.6
Flat file integration
Oracle Hyperion
8.2
Vena Solutions
9.3
Excel data integration
Oracle Hyperion
8.4
Vena Solutions
9.5
Direct links to 3rd-party data sources
Oracle Hyperion
7.3
Vena Solutions
7.0

Pros

Oracle Hyperion

  • This product handles budgeting by Employee and/or Position very well. It is highly flexible and allows Hyperion administrators the ability to develop a planning application that fits a variety of different business needs.
  • It is great at calculating benefits using business rules to automate the population of these fringe costs in the overall budget planning process. This greatly reduces user error.
  • It allows you to seed the operating budget based on changes to key drivers, such as percentage increases, flat dollar increases and more detailed changes using business rules.
  • Allows visibility into the plans for each unit across the organization, rolled up into an overall budget for the campus.
  • It handles the creation of budgets with multiple chartfield segments or dimensions, which most other budgeting systems cannot handle well. It can aggregate these very quickly.
Teal Sexton | TrustRadius Reviewer

Vena Solutions

  • Auditing is something Vena does extremely well. There is the ability to see data changes and template changes with just a few clicks. Most technologies have audit log files, which can be cumbersome to navigate.
  • Drilling to details is a feature available to users. A user can view all the general ledger transactions for a particular account, department, time period, etc. just by clicking on the intersection in Excel and using the Vena toolbar button Drill -> Transactions.
  • Comments and Attachments allows users to add a comment and/or insert an attachment such as a PO, invoice, or receipt for example. This way the contributor and reviewer can easily see the justification and support for a number that has been planned. It's all in one place and means there is no need to email the support as a separate file.
Alicia Scappe | TrustRadius Reviewer

Cons

Oracle Hyperion

  • One pain point for us is the consolidation and translation process. Needing to translate the data over and over again is frustrating and there is no visibility into how many users are running a translation. If multiple users attempt to translate the same data set, say goodbye to your performance but you have no way of knowing! (Unless you want to pull up a task audit which is not a very realistic expectation). It has the been the quickest way for us to bring the system to it's knees. The consolidation process performs in direct correlation to the complexity of the calculation/consolidation rules. So, while the product is extremely flexible, you still have to be careful how you design your rules and calculations to make sure that you do it on the smallest subset of data as possible to avoid large processing times. This makes sense, but requires some significant expertise that most organizations do not have in-house.
  • The Hyperion Financial Reporting product is ridiculously outdated and clunky to use. The interface for designing reports is not intuitive, and not easy to modify once a report is built. I think there must be a strategic decision to move away from it and go to something more like Oracle BI because I just can't understand why in the world they don't update the reporting product. It also requires a significant level of expertise to be able to use. Not a great solution at all if you want multiple end-users to create reports in something other than Excel. Nobody except the HFM admin (which I used to be) in our company even touches this module.
  • Another pain point is the amount of IT support that is required to run this thing, and again, specialized knowledge of Hyperion products and how they work is required for IT to adequately support it. This goes for application servers and the Oracle database that the applications are running on.
Matt Downing | TrustRadius Reviewer

Vena Solutions

  • I think there should be less time for the keynote speakers at the conferences and more time for instructional sessions. Several of the sessions, the presenters ZIP through so fast because they want to complete by a specific time. I do love the one-on-one 50 minute sessions whether via video or in-person.
  • Vena should continue to find ways to keep using Excel features so that they won't interfere much with performance such as VLookups, Indirect, Offset, etc. They are common and frequent usages in Excel.
  • Vena could write clear and brief usage instructions like examples in the HELP section, much like Microsoft has. Excel has a SHOW TRAINING button in the HELP section.
jamie Luangaphay | TrustRadius Reviewer

Likelihood to Renew

Oracle Hyperion

Oracle Hyperion 5.0
Based on 1 answer
We're in the middle of the road because we are not sure that other products on the market fit the bill for what we need yet. Hyperion is expensive and burdensome from an administrator and maintenance standpoint, but it still seems to be the best solution for what we need. Show us an equally capable SaaS consolidation product and we'll talk again.
Matt Downing | TrustRadius Reviewer

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 | TrustRadius Reviewer

Usability

Oracle Hyperion

No score
No answers yet
No answers on this topic

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 | TrustRadius Reviewer

Support Rating

Oracle Hyperion

Oracle Hyperion 8.0
Based on 1 answer
The premium support team provides much needed dedicated customer service which we are after for what we have paid for this service. We are satisfied with the service and support and do not have any instance where there was an issue that requires escalation to get the right support team. Though the incidence of major issues that requires the premium support are less, we prefer to keep this as a safety net.
Anonymous | TrustRadius Reviewer

Vena Solutions

Vena Solutions 9.0
Based on 88 answers
The Vena support team has been helpful whenever there has been a problem. There is also a very useful knowledge hub with users willing to help out, which has really been beneficial, especially when using some of the more complex features Vena has to offer.
Jack Grifiths | TrustRadius Reviewer

Implementation Rating

Oracle Hyperion

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 9.1
Based on 2 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

Oracle Hyperion

I use Oracle Hyperion Enterprise Performance Mangement because the company I work at requires me to use it in the Financial Planning sector as most of their data is stored in it. I am open minded and ready to use other performance management tools created by Oracle if my work permits.
Ricky Bhatia | 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

Return on Investment

Oracle Hyperion

  • Oracle Hyperion allows us to automate and consolidate financial data that used to be performed manually in spreadsheets. From that perspective the ROI is huge.
  • Oracle Hyperion functionality is extensive and allows us to perform most functions for planning, consolidating and reporting on our financial data.
  • One negative with Oracle Hyperion is that it is complicated to implement and maintain. It takes expertise at all levels (infrastructure and management) to realize the benefits from it.
Anonymous | TrustRadius Reviewer

Vena Solutions

  • I attribute some of the quicker business decisions we've been able to make to the ability of getting data and insights quicker using Vena. Our ability to analyze data has enhanced with the tool.
  • We've been able to streamline our business planning cycle significantly with the use of Vena. All of our annual planning runs through the tool and we've automated portions of our planning to help with the efficiency of the process. The workflow capability has also helped us hold our users accountable and understand where a process is at any given point in time.
Matthew Blickley | TrustRadius Reviewer

Screenshots

Pricing Details

Oracle Hyperion

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

Oracle Hyperion
7.9
Vena Solutions
8.6

Likelihood to Renew

Oracle Hyperion
5.0
Vena Solutions
9.1

Usability

Oracle Hyperion
Vena Solutions
9.1

Support Rating

Oracle Hyperion
8.0
Vena Solutions
9.0

Implementation Rating

Oracle Hyperion
Vena Solutions
9.1

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