Vena

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Vena
Score 8.1 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
We went with Vena as the alternatives felt like everything was contained in the box, and would have required more IT department assistance than we had bandwidth for.
Chose Vena
Vena is much better for customization and data representation. It gives us much more flexibility in how we show our information to stakeholders. We need our information to be digestible for non-financial employees, and with that flexibility to show things how we want, we are …
Chose Vena
we did our diligence when selecting Vena. I do not want to disparage other products so I will not list them. However, we were extremely thorough and gauged all offerings on multiple criteria. Big players and small players. We are very happy with our Decision to go with Vena.
Chose Vena
Oracle is more clunky and prone to stats breaking while Vena is more streamlined.
Chose Vena
Solver was more user friendly in the report building, but Vena has more functionalities
Chose Vena
My experience was that OneStream lacked driver-based planning. I still had to build models in excel and then upload my numbers into OneStream.
Chose Vena
Vena was much easier to implement, and more user friendly
Chose Vena
Vena has a much more arsenal of AI features.
Chose Vena
we liked that Vena was fully integrated into Excel and we were already doing all our manual work within excel and creating all our reports and templates so we thought that only made sense to use Vena as it was most comfortable for us
Chose Vena
We selected Vena due to it being Excel based.
Chose Vena
I think from the finance perspective specifically, Vena is more clear and easy to read. Besides, the report that Vena generates is more reliable and realistic in our case. But we do integrate the data from Workday to Vena every month. So we use the both platforms for our …
Chose Vena
We selected Vena because the product worked in Excel, so there was less of a training curve for people, because all of other people work with cell users and we also chose it better because of the people, the sales reps, and the implementation teams. You know, the processes that …
Chose Vena
Vena is Excel-based, which is what our users wanted. Pigment was web-based, like Adaptive, but our users did not fully trust or adopt it. Adoption drives success for any software. Amy's software, which is not adopted, has a negative ROI by definition. Vena was the right choice …
Chose Vena
Playful is complex and not user friendly. There was no customer support so we had to pay a third party consultant and it was expensive
Chose Vena
Vena has more capabilities that we saw during demos
Chose Vena
The main reason was because Vena was Excel based and would allow us to replicate our budget templates and limit the change management for our users
Chose Vena
Vena is more customizable in my opinion
Chose Vena
I didn’t have an option in which one to go with but I have looked at others. It has stacked up well but I would want more scenario analysis and predictive analytics that some of the other products offer.
Chose Vena
Vena being excel based is the what sets it apart from tableau and makes it very easy for finance professionals to be self sufficient when needing reports. Tableau can be very difficult to use for a finance person and typically requires some sort of tech help. Being able to …
Features
Vena
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Vena
7.9
172 Ratings
3% above category average
Pixel Perfect reports8.0108 Ratings
Customizable dashboards8.1155 Ratings
Report Formatting Templates7.5163 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Vena
8.0
287 Ratings
3% above category average
Drill-down analysis8.4274 Ratings
Formatting capabilities8.3274 Ratings
Integration with R or other statistical packages7.2107 Ratings
Report sharing and collaboration8.0244 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Vena
8.0
229 Ratings
0% below category average
Publish to Web7.6130 Ratings
Publish to PDF8.1168 Ratings
Report Versioning8.0191 Ratings
Report Delivery Scheduling8.1170 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Vena
8.2
159 Ratings
10% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)8.7142 Ratings
Location Analytics / Geographic Visualization8.6117 Ratings
Predictive Analytics7.5133 Ratings
Pattern Recognition and Data Mining7.971 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Vena
8.4
276 Ratings
0% below category average
Multi-User Support (named login)8.2261 Ratings
Role-Based Security Model8.3262 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.4262 Ratings
Report-Level Access Control8.4125 Ratings
Single Sign-On (SSO)8.4202 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Vena
7.2
141 Ratings
4% below category average
Responsive Design for Web Access6.9136 Ratings
Dashboard / Report / Visualization Interactivity on Mobile7.4122 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Vena
8.4
346 Ratings
4% above category average
Long-term financial planning8.6313 Ratings
Financial budgeting8.7332 Ratings
Forecasting8.5320 Ratings
Scenario modeling7.9287 Ratings
Management reporting8.2323 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Vena
7.2
300 Ratings
8% below category average
Financial data consolidation7.5262 Ratings
Journal entries and reports6.9195 Ratings
Multi-currency management6.7178 Ratings
Intercompany Eliminations7.6175 Ratings
Minority Ownership5.9125 Ratings
Local and consolidated reporting7.3223 Ratings
Detailed Audit Trails8.4263 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Vena
8.3
326 Ratings
5% above category average
Financial Statement Reporting8.4294 Ratings
Management Reporting8.4305 Ratings
Excel-based Reporting9.1316 Ratings
Automated board and financial reporting8.5247 Ratings
XBRL support for regulatory filing7.099 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Vena
8.3
259 Ratings
2% above category average
Personalized dashboards8.3220 Ratings
Color-coded scorecards9.1166 Ratings
KPIs8.4193 Ratings
Cost and profitability analysis7.9207 Ratings
Key Performance Indicator setting8.2189 Ratings
Benchmarking with external data7.8147 Ratings
Integration
Comparison of Integration features of Product A and Product B
Vena
8.2
316 Ratings
0% above category average
Flat file integration7.8258 Ratings
Excel data integration9.1297 Ratings
Direct links to 3rd-party data sources7.7234 Ratings
Best Alternatives
Vena
Small Businesses

No answers on this topic

Medium-sized Companies
Centage
Centage
Score 9.4 out of 10
Enterprises
OneStream
OneStream
Score 8.8 out of 10
All AlternativesView all alternatives
User Ratings
Vena
Likelihood to Recommend
8.5
(342 ratings)
Likelihood to Renew
8.9
(26 ratings)
Usability
8.8
(38 ratings)
Availability
8.6
(10 ratings)
Performance
8.2
(9 ratings)
Support Rating
8.8
(106 ratings)
In-Person Training
8.7
(5 ratings)
Online Training
8.0
(6 ratings)
Implementation Rating
8.2
(10 ratings)
Configurability
8.8
(6 ratings)
Ease of integration
8.3
(5 ratings)
Product Scalability
8.5
(9 ratings)
Vendor post-sale
8.1
(6 ratings)
Vendor pre-sale
9.0
(6 ratings)
User Testimonials
Vena
Likelihood to Recommend
Vena Solutions
It’s great for achieving flexible outcomes amid ever-changing desires among its user base. We have not implemented AI into our finances quite yet, but this seems very promising for working more efficiently in analysis and narrative prep. It works great for constant real-time data and allows us to make decisions on the fly.
Read full review
Pros
Vena Solutions
  • The Admin function of Vena, being able to set up the users in the user categories and the different groups and assigning the groups and the task bindings, is particularly easy and very helpful because as we have so many different departments and disciplines in our organization, we do need to establish pretty specific user access so this process works really well for us.
  • Running reports in Vena is fairly easy, and we do enjoy being able to just push a button and get some budget versus actuals.
Read full review
Cons
Vena Solutions
  • Create an bottom-line functionality.
  • Have another license between power user and contributor that allows building reports that aren't ad hoc, but don't have all the admin rights of a power user.
  • Have a session on best in class Workforce Planning prior to implementation.
Read full review
Likelihood to Renew
Vena Solutions
Vena has become an integral part of finance and our daily process. Without it we would take longer to prepare results and decisions will be delayed. Vena has given the whole organization more visibility of results and budgets so that all departments participate more actively in managing their budgets rather than it being the sole responsibility of finance.
Read full review
Usability
Vena Solutions
I love this product. We integrate all of our financial needs between finance and the operations team so that we have real time data being looked at all of the time. Our operations can reach out and be able to discuss possible issues or variances at any time of the month and leads us to be able to have smoother month end closes.
Read full review
Reliability and Availability
Vena Solutions
Vena is seemingly always available. They plan maintenance windows well in advance and always off hours (typically over a weekend) and communicate clearly throughout maintenance about what will be affected. Over 5 years of using the product, I can only remember one time when the platform was unavailable (I believe due to an underlying server hosting issue from their provider), and they resolved the issue and had everything up and running again within 8 hours.
Read full review
Performance
Vena Solutions
The performance is dependent on how much data and calculations are involved and how complex the security settings are. A simple template or report loads in seconds. A complex template or report can take a while. If there are many users with complex security settings, that will be a factor in the load time.
Read full review
Support Rating
Vena Solutions
If I had to rate the overall support for Vena based on my experiences, I would give it a 9 out of 10. The support team is very responsive, providing best assistance during both the implementation phase and ongoing use of the Vena. They have been proactive in offering training resources and addressing me very well, which significantly enhances the user experience and overall satisfaction with the Vena.
Read full review
In-Person Training
Vena Solutions
This is the best way to learn and buy-in. The in person effect gives students both a hands on approach but an instruction to be there to customize assistance and understanding. In person also builds greater buy in with your future team on creators. However if your audience is better at on line learning this is another good option.
Read full review
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.
Read full review
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
Read full review
Alternatives Considered
Vena Solutions
Vena is Excel-based, which is what our users wanted. Pigment was web-based, like Adaptive, but our users did not fully trust or adopt it. Adoption drives success for any software. Amy's software, which is not adopted, has a negative ROI by definition. Vena was the right choice for us.
Read full review
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
Read full review
Return on Investment
Vena Solutions
  • Automated monthly financial statements saves us 3 hours a month.
  • Moving reporting away from IT has begun to save hours of IT involvement, which will only grow as we shift more reports to Vena. This frees up IT to work on more important IT initiatives.
  • Using budget templates saved hours of copy and paste time when gathering inputs from each department.
Read full review
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