What users are saying about
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134 Ratings

Vena Solutions

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134 Ratings
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Score 8.5 out of 100

Likelihood to Recommend

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

Vena Solutions
8.0
Pixel Perfect reports
Vena Solutions
8.3
Customizable dashboards
Vena Solutions
7.8
Report Formatting Templates
Vena Solutions
8.1

Ad-hoc Reporting

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

Report Output and Scheduling

Vena Solutions
8.4
Publish to Web
Vena Solutions
7.7
Publish to PDF
Vena Solutions
7.8
Report Versioning
Vena Solutions
9.0
Report Delivery Scheduling
Vena Solutions
9.2

Data Discovery and Visualization

Vena Solutions
7.9
Pre-built visualization formats (heatmaps, scatter plots etc.)
Vena Solutions
7.8
Location Analytics / Geographic Visualization
Vena Solutions
7.9
Predictive Analytics
Vena Solutions
8.1

Access Control and Security

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

Mobile Capabilities

Vena Solutions
7.7
Responsive Design for Web Access
Vena Solutions
7.8
Dashboard / Report / Visualization Interactivity on Mobile
Vena Solutions
7.6

Budgeting, Planning, and Forecasting

Vena Solutions
8.6
Long-term financial planning
Vena Solutions
8.6
Financial budgeting
Vena Solutions
8.8
Forecasting
Vena Solutions
8.6
Scenario modeling
Vena Solutions
8.4
Management reporting
Vena Solutions
8.4

Consolidation and Close

Vena Solutions
8.5
Financial data consolidation
Vena Solutions
9.0
Journal entries and reports
Vena Solutions
8.1
Multi-currency management
Vena Solutions
9.2
Intercompany Eliminations
Vena Solutions
7.9
Minority Ownership
Vena Solutions
7.4
Local and consolidated reporting
Vena Solutions
9.1
Detailed Audit Trails
Vena Solutions
9.0

Financial Reporting and Compliance

Vena Solutions
8.9
Financial Statement Reporting
Vena Solutions
9.3
Management Reporting
Vena Solutions
9.3
Excel-based Reporting
Vena Solutions
9.4
Automated board and financial reporting
Vena Solutions
9.2
XBRL support for regulatory filing
Vena Solutions
7.2

Analytics

Vena Solutions
8.3
Personalized dashboards
Vena Solutions
7.6
Color-coded scorecards
Vena Solutions
7.8
KPIs
Vena Solutions
8.6
Cost and profitability analysis
Vena Solutions
9.7
Key Performance Indicator setting
Vena Solutions
8.3
Benchmarking with external data
Vena Solutions
7.9

Integration

Vena Solutions
8.6
Flat file integration
Vena Solutions
9.3
Excel data integration
Vena Solutions
9.5
Direct links to 3rd-party data sources
Vena Solutions
7.0

Pros

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

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

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

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

Vena Solutions

Vena Solutions 8.9
Based on 83 answers
I have only had to use Vena's support team a couple of times but they have been able to resolve the issue on both occasions. Both issues were down to my own error but the team was happy to talk me through the solution.
Manjeet Khatri | TrustRadius Reviewer

Implementation Rating

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

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

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

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

Vena Solutions
8.6

Likelihood to Renew

Vena Solutions
9.1

Usability

Vena Solutions
9.1

Support Rating

Vena Solutions
8.9

Implementation Rating

Vena Solutions
9.1

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