Planful vs. Vena

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Planful
Score 7.9 out of 10
Enterprise companies (1,001+ employees)
Planful is a cloud-based enterprise performance management (EPM) suite. It includes financial applications for modeling, planning, consolidation, reporting and analytics.N/A
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
PlanfulVena
Editions & Modules
No answers on this topic
Professional
N/A
Complete
N/A
Offerings
Pricing Offerings
PlanfulVena
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup feeOptional
Additional DetailsThe 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
PlanfulVena
Considered Both Products
Planful
Chose Planful
Planful seems to have the best price to performance option against the tools listed. Some of the more premium options on the market have outdated UIs and dont get updated as frequently and other in the same price category dont seem to have the same level of options and "ease" …
Chose Planful
Before my arrival at the company, we attempted to implement Vena but were unsuccessful. We got further with Planful in the first week than in several months with Vena.
Chose Planful
Vena was a failed implementation and Planful has been extremely successful. I can't speak specifically to how we could have utilized Vena because we never passed initial implementation phase. I would never recommend Vena to anyone but would 10/10 recommend Planful.
Chose Planful
Ease of use, integrations, price, and excel compatibility were the driving factors behind getting off of Adaptive and selecting Planful over these other competitors
Chose Planful
Planful is inherently easier (I know Excel and I don't want to have to learn a new coding language) [and] has more capability and power due to the underlying multi-dimensional architecture (i.e. it can scale much better as you grow). The Dynamic Planning piece is very similar …
Chose Planful
Vena was a close second in our selection process. We liked the smaller price tag and faster start up time. It s use of Excel was attractive. However, we did not feel that it would be able to grow with us. It was only good for the short run.
Adaptive had some good features. …
Chose Planful
Being a small company with limited cash flow, my goal was to evaluate what functions that are important and how much that we have to pay for them and last how easy it is to maintain without owning internal IT staff. I have evaluated Hyperion, Adaptive, Vena, and Host. …
Vena
Chose Vena
Prophix is powerful, and structures data on the back-end in a very similar way with multiple data models, and I have used it before. But the learning curve is steep. Building complex rules, e.g. for a union personnel model, was much harder than designing the same logic in …
Chose Vena
The decision to go with Vena was based mostly on flexibility.
Chose Vena
We chose Vena mainly due to how flexible it is for our business, and that we would be able to own the software inhouse (finance team) rather than relying heavily on external consultants, just like the case with other software we looked at.
Chose Vena
We went with Vena Solutions because it was able to meet the needs in every way for what we were looking for in a budgeting solution. From an admin perspective, it was very intuitive, but from an end user (contributor) perspective, it was outstanding that we were able to keep …
Chose Vena
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 …
Chose Vena
They have superior database capacity due to the power of the cloud. Usability and user adoption is quick and immediate due to the direct integration with Excel and ease of use for end users and Vena administrators.
Chose Vena
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 …
Top Pros
Top Cons
Features
PlanfulVena
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Planful
6.2
39 Ratings
24% below category average
Vena
7.8
98 Ratings
1% below category average
Pixel Perfect reports6.218 Ratings7.257 Ratings
Customizable dashboards6.434 Ratings8.287 Ratings
Report Formatting Templates6.032 Ratings8.294 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Planful
7.2
66 Ratings
13% below category average
Vena
7.9
188 Ratings
4% below category average
Drill-down analysis7.863 Ratings8.6181 Ratings
Formatting capabilities6.765 Ratings8.4180 Ratings
Report sharing and collaboration7.061 Ratings8.4157 Ratings
Integration with R or other statistical packages00 Ratings6.059 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Planful
6.4
54 Ratings
24% below category average
Vena
8.8
145 Ratings
8% above category average
Publish to Web7.316 Ratings8.571 Ratings
Publish to PDF6.850 Ratings9.1101 Ratings
Report Versioning5.233 Ratings8.8122 Ratings
Report Delivery Scheduling6.436 Ratings8.7108 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Planful
6.2
26 Ratings
19% below category average
Vena
8.0
90 Ratings
6% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)6.218 Ratings8.380 Ratings
Predictive Analytics6.322 Ratings7.771 Ratings
Location Analytics / Geographic Visualization00 Ratings7.765 Ratings
Pattern Recognition and Data Mining00 Ratings8.216 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Planful
8.5
65 Ratings
2% below category average
Vena
9.0
182 Ratings
4% above category average
Multi-User Support (named login)8.859 Ratings9.1171 Ratings
Role-Based Security Model8.057 Ratings8.9170 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.458 Ratings9.1173 Ratings
Report-Level Access Control8.217 Ratings9.036 Ratings
Single Sign-On (SSO)9.048 Ratings8.8129 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Planful
7.2
27 Ratings
7% below category average
Vena
8.2
90 Ratings
6% above category average
Responsive Design for Web Access7.025 Ratings8.587 Ratings
Dashboard / Report / Visualization Interactivity on Mobile7.417 Ratings8.075 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Planful
7.8
113 Ratings
6% below category average
Vena
8.6
226 Ratings
4% above category average
Long-term financial planning8.2100 Ratings8.6203 Ratings
Financial budgeting8.0112 Ratings9.1218 Ratings
Forecasting7.8104 Ratings8.2209 Ratings
Scenario modeling7.291 Ratings8.0188 Ratings
Management reporting7.6109 Ratings8.9215 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Planful
6.3
84 Ratings
23% below category average
Vena
7.9
196 Ratings
0% below category average
Financial data consolidation8.274 Ratings9.3167 Ratings
Journal entries and reports6.559 Ratings7.7119 Ratings
Multi-currency management6.251 Ratings6.6113 Ratings
Intercompany Eliminations6.349 Ratings7.9112 Ratings
Minority Ownership4.626 Ratings7.277 Ratings
Local and consolidated reporting6.361 Ratings8.3145 Ratings
Detailed Audit Trails6.360 Ratings8.7173 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Planful
7.1
113 Ratings
14% below category average
Vena
8.3
216 Ratings
2% above category average
Financial Statement Reporting7.496 Ratings9.0192 Ratings
Management Reporting7.7106 Ratings8.7201 Ratings
Excel-based Reporting7.5105 Ratings9.4210 Ratings
Automated board and financial reporting6.178 Ratings8.4153 Ratings
XBRL support for regulatory filing7.13 Ratings6.353 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Planful
5.8
67 Ratings
32% below category average
Vena
8.0
163 Ratings
1% below category average
Personalized dashboards6.859 Ratings8.4136 Ratings
Color-coded scorecards6.335 Ratings8.9101 Ratings
KPIs6.847 Ratings7.7117 Ratings
Cost and profitability analysis6.345 Ratings7.7128 Ratings
Key Performance Indicator setting5.736 Ratings8.1114 Ratings
Benchmarking with external data3.18 Ratings7.387 Ratings
Integration
Comparison of Integration features of Product A and Product B
Planful
6.6
104 Ratings
22% below category average
Vena
9.0
212 Ratings
9% above category average
Flat file integration8.075 Ratings9.2171 Ratings
Excel data integration6.795 Ratings8.9196 Ratings
Direct links to 3rd-party data sources5.170 Ratings8.9155 Ratings
Best Alternatives
PlanfulVena
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 7.4 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 7.4 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Prophix
Prophix
Score 8.7 out of 10
Prophix
Prophix
Score 8.7 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
PlanfulVena
Likelihood to Recommend
7.9
(122 ratings)
8.8
(230 ratings)
Likelihood to Renew
8.4
(20 ratings)
8.7
(19 ratings)
Usability
8.2
(19 ratings)
9.1
(26 ratings)
Availability
8.2
(4 ratings)
8.9
(6 ratings)
Performance
8.5
(3 ratings)
8.7
(6 ratings)
Support Rating
7.8
(20 ratings)
10.0
(96 ratings)
In-Person Training
6.4
(2 ratings)
9.0
(3 ratings)
Online Training
8.6
(2 ratings)
9.0
(3 ratings)
Implementation Rating
5.3
(8 ratings)
7.4
(4 ratings)
Configurability
8.2
(2 ratings)
8.2
(3 ratings)
Ease of integration
7.3
(3 ratings)
9.0
(3 ratings)
Product Scalability
8.2
(2 ratings)
8.9
(6 ratings)
Vendor post-sale
8.2
(4 ratings)
8.9
(3 ratings)
Vendor pre-sale
9.1
(2 ratings)
9.0
(3 ratings)
User Testimonials
PlanfulVena
Likelihood to Recommend
Planful
Planful works great with Intacct, our GL system. Not sure how well it brings in data from other GL systems, but I assume it's seamless there as well. It's incredibly important to find a good implementation partner to ensure proper setup on the front-end. Your team needs to have someone who is dedicated to maintaining Planful (depending on complexity from 0.25 to 1.0 FTE).
Read full review
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.
Read full review
Pros
Planful
  • Creating forecasts for the month, quarter, and year
  • Creating new variables by using variables pre-defined and that are new in the system
  • Having a very simple setup in the reports section - not straying away from the old Excel model which most people are used to. I can speak for a lot of people when I say that tools that look new can easily be frightening! 😅
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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
Planful
  • Multiple currency calculations/ consolidations support IFRS accounting
  • Ability to inactivate old data dimensions
  • Reporting - Need ability to expand all/collapse all lines easily
  • Reporting - Formula exceptions added to a report do not update when information is revised.
  • Automatic Sandbox refreshes initiated by Planful - When Planful does an automatic refresh of the sandbox environment, it copies any Boomi/integration connections.
  • Limited to 8 data dimensions in core application
  • Add more API connectors to make data integration easier
  • ability to transfer sandbox tests to production environment
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
Planful
Our new Comptroller understands the value of Planful, and we plan to utilize it further in the organization to enhance external reporting. Strangely enough, Planful had not previously been embraced by the former CFO, who argued that we were running two sets of books (of course, we were not). Fortunately, the before mentioned reconciliation of EBITDA to Net Income demonstrated that to the banks.
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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
Planful
Planful is very easy to use for end users. The budget templates can be customized to meet the business needs. They just released business user experience functionality which you to take a complicated budget template and filter it down to meet departmental needs to avoid sending more lines than needed
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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
Planful
I only give a 9 rating rather than a 10 rating because it seems that every day around 2pm we see a slowdown in the use of Planful. I have requested our internal IT department verify that it is not an internal issue and have been assured it is the tool. We have not yet reached out to Planful to do extensive research to solve this issue.
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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
Planful
Again, the system is very reliable and, for the most part, runs very quick and smooth. When running larger queries, it does take some time, and during budgeting season our users experienced slower loading times, but nothing that raises concerns outside of normal network issues. Occasionally, as with any software we use, it will crash and you have to restart, but that does not happen very often.
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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
Planful
Sometimes we get great help when using Planful's support team and other times we don't. In particular, there is one person that often responds to our support tickets who is less than helpful, hence the reason for the 5 out of 10 rating. As a result, most of the time we reach out to our Planful consulting group as they provide faster and better support
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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
Planful
My team has attended training offered several times before/during the Planful Perform conference. This training has been extremely useful and we always learn something we didn't know prior to the training. The trainers are always very knowledgeable and more than willing to help each and every user after the training with specific questions regarding their environment.
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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
Planful
This training is much more robust now than it was when we first implemented our Planful environment. Many times we can do a little research in the "help" portal and do not even need to reach out to support. They are continuously improving the training and information available to users.
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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
Planful
After going through the initial implementation with Host Analytics and a re-implementation with Cervello (due to an ERP change, not due to a poor initial implementation), I've learned that you really must rely on your internal staff to bear most of the implementation burden. Use the vendor or partners for ideas and best-practice suggestions, and some of the easy-but-time-consuming work. Since you will ultimately be using and maintaining the application, you should be able to do most of it yourself.
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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
Planful
Workforce Planning in Planful is a plus compared to Adaptive Insights. Reporting in Planful is a plus compared to Adaptive Insights. Similarity to Excel is a plus compared to Adaptive Insights. Adaptive Insights can budget/forecast weekly or daily rather easily, which is a huge undertaking in Planful. Adaptive Insights has a larger user base and can more easily find talents in Consulting or general users.
Read full review
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
Planful
From our experience, Planful is only used in 2 overhead departments in our organization. We easily added another overhead department, but they decided against using Planful for their workforce and financial planning. Removing them from our environment was extremely easy.
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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
Planful
  • Has allowed users to view a real-time P&L in a way they weren't able to do with Qlik.
  • Budget to Actual analysis has become much more streamlined and actionable
  • Long-range plan process has been significantly streamlined and a lot of time has been cut out of the process.
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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

Planful Screenshots

Screenshot of the Planful Planform DashboardScreenshot of Planful for FinanceScreenshot of Planful for MarketingScreenshot of ReportsScreenshot of a Capacity Planning TemplateScreenshot of Integrations

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