What users are saying about
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Top Rated
178 Ratings
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139 Ratings

Prophix

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Top Rated
178 Ratings
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Score 9.1 out of 100

Vena Solutions

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139 Ratings
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Score 8.5 out of 100

Likelihood to Recommend

Prophix

Any company that has multiple entities and/or stores would see an immediate benefit, as Prophix has the ability to slice and dice the financial and non-financial data on any dimension (whether it's company code, store code, etc.) Multiple entity reporting is extremely easy, and also very flexible. Our organization has 140 stores in 1 entity, and 3 other entities that don't have stores. With Prophix we are able to generate reporting that gives us both consolidated and consolidating financials with 1 click.
Paul Ryan | 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

Budgeting, Planning, and Forecasting

Prophix
8.8
Vena Solutions
8.5
Long-term financial planning
Prophix
8.6
Vena Solutions
8.6
Financial budgeting
Prophix
9.0
Vena Solutions
8.8
Forecasting
Prophix
8.5
Vena Solutions
8.6
Scenario modeling
Prophix
8.4
Vena Solutions
8.4
Management reporting
Prophix
9.4
Vena Solutions
8.3

Consolidation and Close

Prophix
7.6
Vena Solutions
8.5
Financial data consolidation
Prophix
8.3
Vena Solutions
9.0
Journal entries and reports
Prophix
7.5
Vena Solutions
8.0
Multi-currency management
Prophix
7.5
Vena Solutions
9.2
Intercompany Eliminations
Prophix
7.1
Vena Solutions
7.9
Minority Ownership
Prophix
7.4
Vena Solutions
7.3
Local and consolidated reporting
Prophix
8.4
Vena Solutions
9.1
Detailed Audit Trails
Prophix
7.2
Vena Solutions
8.9

Financial Reporting and Compliance

Prophix
7.8
Vena Solutions
8.9
Financial Statement Reporting
Prophix
9.3
Vena Solutions
9.2
Management Reporting
Prophix
9.2
Vena Solutions
9.3
Excel-based Reporting
Prophix
7.9
Vena Solutions
9.3
Automated board and financial reporting
Prophix
8.2
Vena Solutions
9.2
XBRL support for regulatory filing
Prophix
4.5
Vena Solutions
7.3

Analytics

Prophix
7.8
Vena Solutions
8.3
Personalized dashboards
Prophix
9.1
Vena Solutions
7.6
Color-coded scorecards
Prophix
7.0
Vena Solutions
7.8
KPIs
Prophix
7.6
Vena Solutions
8.6
Cost and profitability analysis
Prophix
8.1
Vena Solutions
9.6
Key Performance Indicator setting
Prophix
7.6
Vena Solutions
8.3
Benchmarking with external data
Prophix
7.8
Vena Solutions
7.9

Integration

Prophix
8.8
Vena Solutions
8.6
Flat file integration
Prophix
9.1
Vena Solutions
9.3
Excel data integration
Prophix
8.0
Vena Solutions
9.5
Direct links to 3rd-party data sources
Prophix
9.4
Vena Solutions
7.0

BI Standard Reporting

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

Ad-hoc Reporting

Prophix
Vena Solutions
8.4
Drill-down analysis
Prophix
Vena Solutions
8.9
Formatting capabilities
Prophix
Vena Solutions
8.0
Integration with R or other statistical packages
Prophix
Vena Solutions
8.3
Report sharing and collaboration
Prophix
Vena Solutions
8.5

Report Output and Scheduling

Prophix
Vena Solutions
8.4
Publish to Web
Prophix
Vena Solutions
7.8
Publish to PDF
Prophix
Vena Solutions
7.8
Report Versioning
Prophix
Vena Solutions
9.0
Report Delivery Scheduling
Prophix
Vena Solutions
9.2

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

Prophix
Vena Solutions
7.8
Responsive Design for Web Access
Prophix
Vena Solutions
7.9
Dashboard / Report / Visualization Interactivity on Mobile
Prophix
Vena Solutions
7.7

Pros

Prophix

  • Line item Detail is one of my favorite functions. It is such a simple, easy thing but helps a lot with staying organized.
  • Workflows are super easy to create and make the budget kickoff effortless.
  • Processes - I love being able to create a process that will flip all data from one version to the next. This is so helpful for companies like mine that do multiple forecasts per year.
Ashleigh Arand | 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

Prophix

  • In the future, it would nice to be able to preview an adhoc query result before committing to it. Sometimes waiting for the query results to finish rendering is a pain, especially if you realize that you need to change the view once you finally see it. This only applies to very large adhoc results however. 90% of the time, the wait time is very short.
Sharon Hess | 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

Prophix

Prophix 10.0
Based on 16 answers
The system works well for us, and meets all of our needs. All of our future plans can and will be achieved within Prophix, so there is no need to pursue another product. Prophix has continuously proven to improve their product over the years, which provides an even higher level of confidence in this tool, and future developments
Tim McCarthy | 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

Prophix

Prophix 8.2
Based on 22 answers
Prophix is necessarily complex because it is a very flexible tool that can be used to solve just about any data analysis or reporting need. There is always a disconnect between the initial presentation of a software product and actual implementation and use. Be sure to allocate the necessary investment in time and money for consulting help and user training.
William Van Hulzen | TrustRadius Reviewer

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

Reliability and Availability

Prophix

Prophix 8.9
Based on 11 answers
We have never had an issue with prophix availability
Joel DeGroat | TrustRadius Reviewer

Vena Solutions

No score
No answers yet
No answers on this topic

Performance

Prophix

Prophix 7.0
Based on 11 answers
During high peak times revenue and budget forecastings, (50 users in the system) Prophix does struggle during the time. I am usually asking IT once a quarter during the peak times to restart the server because its on overload. I have tried to train my users to use the system at different times, but when everyone waits to the last minute to perform their task Prophix can't keep up.
Angela Barta | TrustRadius Reviewer

Vena Solutions

No score
No answers yet
No answers on this topic

Support Rating

Prophix

Prophix 8.6
Based on 106 answers
Support has been great. We pay for the Continuous Success Package, and it's great to have that level of support, and not worry about going over budget to receive support. Support has always been able to fix my issue or provide the needed guidance. The one thing I wish they would improve, or I would learn how to do, is to be able to get faster response times on support. Generally, I have to schedule something 3-5 days out. That's not always ideal.
Stephen Kirschenmann | 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

In-Person Training

Prophix

Prophix 8.2
Based on 2 answers
Very knowledgeable techs
Joel DeGroat | TrustRadius Reviewer

Vena Solutions

No score
No answers yet
No answers on this topic

Online Training

Prophix

Prophix 8.7
Based on 3 answers
Online training not company specific
Rob Strothkamp | TrustRadius Reviewer

Vena Solutions

No score
No answers yet
No answers on this topic

Implementation Rating

Prophix

Prophix 7.5
Based on 10 answers
Prophix Consulting should bring, in house, chargeable expertise in Oracle EBS table access for Drill Across and provide reasonable limits on dimension member combinations so there are no unreasonable expectations about the application of multi dimensional cubes to detail, such as revenue by product and customer.
Carl Evans | TrustRadius Reviewer

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

Prophix

Compared to Host Analytics and Adaptive, Prophix provides more value for the dollar, especially when we deploy multiple models. Solution set is also comparably built out, so we are not missing any critical functionality. Self-maintenance by finance is also comparable to Host and Adaptive, and much easier compared to SAP and Oracle solutions. (Much more expense both for consulting and license when compared to those last two.)I still think Prophix has a compelling value story. Because the underlying technology is Microsoft, I am not worried that the Prophix functionality/technology will ever lag too far behind anything other larger companies offer, and will certainly stay with any proprietary solutions.
Andreas Loeffler | 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

Prophix

Prophix 7.3
Based on 8 answers
We are a medium sized company, but the structure of Prophix would seemingly adapt to whatever sized organization you have. It also can be applied in any area of an enterprise that needs performance management, whether it involves financial data or not. The potential for application within the enterprise is really only limited by you imagination.
Kevin Warnick | TrustRadius Reviewer

Vena Solutions

No score
No answers yet
No answers on this topic

Return on Investment

Prophix

  • Cost. In comparing this to Adaptive, Oracle, Host Analytics - this product really stands out from a cost standpoint in being much cheaper and the value (based on features and knowledge transfer from the consultant) pays out over time.
  • Employee productivity. The software definitely solved load time issues and made our reporting process much smoother. We have more time for analytics and spending a lot less time on data validation.
Brandon Russell | 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

Prophix

General

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

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

Prophix
9.5
Vena Solutions
8.6

Likelihood to Renew

Prophix
10.0
Vena Solutions
9.1

Usability

Prophix
8.2
Vena Solutions
9.1

Reliability and Availability

Prophix
8.9
Vena Solutions

Performance

Prophix
7.0
Vena Solutions

Support Rating

Prophix
8.6
Vena Solutions
9.0

In-Person Training

Prophix
8.2
Vena Solutions

Online Training

Prophix
8.7
Vena Solutions

Implementation Rating

Prophix
7.5
Vena Solutions
9.1

Scalability

Prophix
7.3
Vena Solutions

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