Vena

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Vena
Score 8.3 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
Vena
Editions & Modules
Professional
N/A
Complete
N/A
Offerings
Pricing Offerings
Vena
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
Yes
Entry-level 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. 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.
More Pricing Information
Community Pulse
Vena
Considered Both Products
Vena
Chose Vena
Compared to Unit4 FP&A i have found Vena more user friendly in the development.

From a user perspective it is also great that Vena works as a plug in to excel. this keeps the user in an environment where they are familiar with and helps in the learning process
Chose Vena
Different software has different pros and cons. The pros of Vena is that it is Excel-based. One can do a lot in Excel if the user is already Excel-proficient. Other software may be better for those who are less Excel-proficient.
Chose Vena
I had demos with various software platforms before selecting Vena. I felt Vena was more powerful and easier to use than the others which is why I selected it.
Chose Vena
I was not part of this process, but our company is very up with current trends and definitely will invest in the best software and anything else that will put us ahead of our competition. Infor is kind of outdated and so I believe that why and how they came to choose Vena was …
Chose Vena
Implementation of any tool like this required a lot of effort and detailed preparation. However, Vena is less complicated than some of the other tools out there. Vena is well suited for the size of our organization and to be managed by a couple finance people with little …
Chose Vena
Vena allowed for the most customization that made everything easy for us with our complicated system of managing allocations across products and time by employees.
Chose Vena
You can input field and see data at the same time !

Then the saved data become displayed data ;)
Chose Vena
Vena is a little pricier based on what we were quoted but was far better suited to our business, from what I have researched and from the initial pitch we had with both. It also seems to have a wider user base and appeal to larger businesses, which suits us better.
Chose Vena
Honestly and in evaluation with other tools , Vena outperformed competitors like Workday Adaptive Planning ,because it offers centralized financial planning with strong automation while still keeping Excel at the core , speeding up the reporting cycles and achieving wider …
Chose Vena
Vena is much faster than other such software which is available in market. If we talking about pricing $$$ so Vena is affordable to smaller companies also. it's help us quicker integrations with other software and User Interface is much better than other software. Vena gives …
Chose Vena
Vena also allows for much more dynamic report building and refresh rather than manual updates throughout reports. The user interface is also much easier to understand compared to Oracle, which allows new users to adopt faster and get familiar with Vena. Overall, Vena is …
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 found Vena to be much more intuitive and easy to leverage with our existing models and templates we've built in Excel already. It allowed our finance and ops teams to get traction and value from the solution much faster than we felt the other CPM solutions we looked at.
Chose Vena
Both the softwares have effectively been integrated together to make my job as an analyst easier. This helps in generating accurate data interpretations and led to better results in sales of our products and improved client services and feedback.
Chose Vena
I guess they both compliment each other by integration and by both checks I can get the accuracy in result. And growth in sales by finding the key parameters where we need to work.
Chose Vena
Vena Solutions stands out due to its familiar Excel-based interface, making it easy for our team to adopt without extensive training. Compared to alternatives like Anaplan and Oracle Hyperion, Vena's strong customer support and efficient automation have significantly reduced …
Chose Vena
Vena stands out from competitors due to its seamless Excel integration, which allows us to leverage a tool we are already familiar with while adding automation, collaboration, and advanced financial planning. Unlike some platforms that require fully new systems, Vena's …
Chose Vena
Data Rails is similar to Vena but easier to use and at a lower price. Historically, ERP systems provided much of what we used Vena for. That currently is not the case and these additional subscriptions are necessary. What used to be a simple process that required little …
Features
Vena
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Vena
8.2
152 Ratings
8% above category average
Pixel Perfect reports8.1104 Ratings
Customizable dashboards8.4138 Ratings
Report Formatting Templates8.0146 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Vena
8.3
248 Ratings
3% above category average
Drill-down analysis8.7235 Ratings
Formatting capabilities8.7236 Ratings
Integration with R or other statistical packages7.3100 Ratings
Report sharing and collaboration8.5211 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Vena
8.5
199 Ratings
4% above category average
Publish to Web8.1118 Ratings
Publish to PDF8.8153 Ratings
Report Versioning8.5167 Ratings
Report Delivery Scheduling8.6153 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Vena
8.4
144 Ratings
9% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)8.9131 Ratings
Location Analytics / Geographic Visualization8.6109 Ratings
Predictive Analytics8.0120 Ratings
Pattern Recognition and Data Mining8.264 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Vena
8.7
239 Ratings
2% above category average
Multi-User Support (named login)8.8224 Ratings
Role-Based Security Model8.6224 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.7225 Ratings
Report-Level Access Control8.892 Ratings
Single Sign-On (SSO)8.6176 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Vena
7.8
134 Ratings
2% above category average
Responsive Design for Web Access7.7130 Ratings
Dashboard / Report / Visualization Interactivity on Mobile7.9117 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Vena
8.7
293 Ratings
6% above category average
Long-term financial planning8.9268 Ratings
Financial budgeting9.0285 Ratings
Forecasting8.5275 Ratings
Scenario modeling8.3249 Ratings
Management reporting8.8276 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Vena
7.8
258 Ratings
1% below category average
Financial data consolidation8.4227 Ratings
Journal entries and reports7.5177 Ratings
Multi-currency management7.1164 Ratings
Intercompany Eliminations8.1163 Ratings
Minority Ownership6.8122 Ratings
Local and consolidated reporting8.0200 Ratings
Detailed Audit Trails8.7227 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Vena
8.6
279 Ratings
7% above category average
Financial Statement Reporting8.8252 Ratings
Management Reporting8.8263 Ratings
Excel-based Reporting9.5269 Ratings
Automated board and financial reporting8.7211 Ratings
XBRL support for regulatory filing7.497 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Vena
8.5
225 Ratings
5% above category average
Personalized dashboards8.8197 Ratings
Color-coded scorecards9.4153 Ratings
KPIs8.3173 Ratings
Cost and profitability analysis8.3187 Ratings
Key Performance Indicator setting8.4168 Ratings
Benchmarking with external data8.0135 Ratings
Integration
Comparison of Integration features of Product A and Product B
Vena
8.8
273 Ratings
6% above category average
Flat file integration8.4226 Ratings
Excel data integration9.4255 Ratings
Direct links to 3rd-party data sources8.4208 Ratings
Best Alternatives
Vena
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User Ratings
Vena
Likelihood to Recommend
8.7
(289 ratings)
Likelihood to Renew
8.8
(21 ratings)
Usability
8.7
(33 ratings)
Availability
8.3
(9 ratings)
Performance
7.7
(8 ratings)
Support Rating
9.0
(102 ratings)
In-Person Training
8.2
(4 ratings)
Online Training
7.9
(6 ratings)
Implementation Rating
8.4
(8 ratings)
Configurability
8.3
(5 ratings)
Ease of integration
7.3
(4 ratings)
Product Scalability
8.2
(8 ratings)
Vendor post-sale
7.7
(5 ratings)
Vendor pre-sale
8.7
(5 ratings)
User Testimonials
Vena
Likelihood to Recommend
Vena Solutions
I find it well suited for month end close sheets that we use between our Operations and Finance teams. I also find budgeting very easy. Reporting is easily the #1 for me where it feeds from our accounting software but can be seen and used by our Operations team. It also integrates with other software that we use so that Finance can see details of what Operations inputs.
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Pros
Vena Solutions
  • Preparation of financial reports in an automated/systematic way
  • Ability to drill from high level financial numbers into the details
  • Managing a workflow for budgeting/forecasting process that allows for detailed access for individual people/teams
  • Once you learn how to map reports, editing or creating new reports isn't difficult
  • Ability to set up reports in a wide range of different ways: users can select report filters, showing summary amounts vs expanding details, etc.
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Cons
Vena Solutions
  • It could improve the ease of implementation; it could take a long for an inexperienced IT team.
  • From the ERP system perspective, it can be linked easily, but it has room for improvement when you make core changes and require a Vena specialist again.
  • Some administrators can get confused while working on Excel implementation; it has complicated technical requirements.
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Likelihood to Renew
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
Vena Solutions
I would rate Vena's overall usability as an 8 out of 10. Vena offers a user-friendly interface, especially for those familiar with Excel, making it relatively easy to use. Most features are intuitive. However, some advanced functionalities may require more training or time to master, so it's not a perfect score. Overall, Vena provides a solid user experience that supports efficient financial planning.
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Reliability and Availability
Vena Solutions
Vena has been available and running. There are notifications well ahead of scheduled maintenance and so far, scheduled maintenance has been occurring during off hours and fortunately has not occurred during a time that is crucial for us to be actively using.
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Performance
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
Vena Solutions
They are very quick to respond when you submit a ticket and typically fix issues quickly as well. I only didn't give this a 10 because there is still an open issue with our Salesforce connection that we've been waiting on now for a few months.
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In-Person Training
Vena Solutions
Our initial in person training was a little rough b/c I felt like our trainer wanted to focus on maximizing Vena rather than understanding what we were needing for our organization. He was very responsive and added insights, but could have worked to understand our needs a little better.
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Online Training
Vena Solutions
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.
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Implementation Rating
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
Vena Solutions
Vena Solutions stands out due to its familiar Excel-based interface, making it easy for our team to adopt without extensive training. Compared to alternatives like Anaplan and Oracle Hyperion, Vena's strong customer support and efficient automation have significantly reduced our budgeting cycle time. We chose Vena for its seamless integration with our existing systems and substantial time-saving benefits, ultimately enhancing our decision-making process.
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Scalability
Vena Solutions
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
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Return on Investment
Vena Solutions
  • Eliminated the necessity to manually combine multiple Excel budget worksheets into one file in order to compile an org-wide budget
  • Allows end-users to be self-sufficient by having the ability to drill into transaction-level detail and conduct ad-hoc analyses
  • Created more bandwidth in the FP&A team to spend more time on more meaningful analysis
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ScreenShots

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