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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Vena

    Score8.1 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 Solutions
    Chose Vena
    It's way more easy to configure, to understand and more versatile. We can show a new user, and in minutes they are up and running. SAP takes ages.
    Incentivized
    Chose Vena
    Vena can do what most other panning/budgeting software on the market offers. It has the advantage of using Excel, making it easier to set up and requiring fewer specialized skills.
    Incentivized
    Chose Vena
    Previously used Synario for long-term forecasting. Ultimately moved to Vena for this to keep budgeting and forecasting together in a single solution. Vena's system is much easier to learn on the admin side since it is Excel-based so the transition was pretty simple. …
    Incentivized
    Chose Vena
    We decided that Vena was the only one that we needed, we didn't look elsewhere and we're happy with that decision. We had previous experience in other jobs before with other programs, but Vena answered every aspect of what we needed. Vena is an Excel reporting tool, and we're …
    Incentivized
    Chose Vena
    Vena is much more user friendly but Python does allow for more custom reporting
    Incentivized
    Chose Vena
    Prior to using Vena, I have worked with Excel-based budgeting and reporting processes, as well as other property management and financial reporting systems such as Yardi and Entrata. These tools provided access to financial data, but Vena has been more focused on streamlining …
    Incentivized
    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.
    Incentivized
    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 …
    Incentivized
    Chose Vena
    Much easier learning curve.
    Incentivized
    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.
    Incentivized
    Chose Vena
    Oracle is more clunky and prone to stats breaking while Vena is more streamlined.
    Incentivized
    Chose Vena
    N/a
    Incentivized
    Chose Vena
    Solver was more user friendly in the report building, but Vena has more functionalities
    Incentivized
    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.
    Incentivized
    Chose Vena
    Vena was much easier to implement, and more user friendly
    Incentivized
    Chose Vena
    Vena has a much more arsenal of AI features.
    Incentivized
    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
    Incentivized
    Chose Vena
    We selected Vena due to it being Excel based.
    Incentivized
    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 …
    Incentivized
    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 …
    Incentivized
    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 …
    Incentivized
    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
    Incentivized
    Chose Vena
    Vena has more capabilities that we saw during demos
    Incentivized
    Chose Vena
    Our financial reporting team uses a very old version of Solver (BI360) and VENA is on a different level.
    Incentivized
    Key User Insights
    Would buy again
    96%
    Would buy again
    315 Answers
    Delivers good value for the price
    98%
    Delivers good value for the price
    279 Answers
    Happy with the feature set
    97%
    Happy with the feature set
    320 Answers
    Lived up to sales and marketing promises
    93%
    Lived up to sales and marketing promises
    220 Answers
    Implementation went as expected
    84%
    Implementation went as expected
    227 Answers
    Features
    Vena
    BI Standard Reporting
    Comparison of BI Standard Reporting features of Vena
    Feature
    Vena
    7.9
    176 Ratings
    5% above category average
    Pixel Perfect reports8.1110 Ratings
    Customizable dashboards8.1157 Ratings
    Report Formatting Templates7.6167 Ratings
    Ad-hoc Reporting
    Comparison of Ad-hoc Reporting features of Vena
    Feature
    Vena
    8.0
    291 Ratings
    3% above category average
    Drill-down analysis8.3278 Ratings
    Formatting capabilities8.2278 Ratings
    Integration with R or other statistical packages7.5107 Ratings
    Report sharing and collaboration8.0248 Ratings
    Report Output and Scheduling
    Comparison of Report Output and Scheduling features of Vena
    Feature
    Vena
    8.0
    233 Ratings
    1% above category average
    Publish to Web7.6131 Ratings
    Publish to PDF8.0171 Ratings
    Report Versioning8.1195 Ratings
    Report Delivery Scheduling8.1171 Ratings
    Data Discovery and Visualization
    Comparison of Data Discovery and Visualization features of Vena
    Feature
    Vena
    8.2
    161 Ratings
    11% above category average
    Pre-built visualization formats (heatmaps, scatter plots etc.)8.7144 Ratings
    Location Analytics / Geographic Visualization8.6118 Ratings
    Predictive Analytics7.6133 Ratings
    Pattern Recognition and Data Mining8.171 Ratings
    Access Control and Security
    Comparison of Access Control and Security features of Vena
    Feature
    Vena
    8.4
    281 Ratings
    0% below category average
    Multi-User Support (named login)8.1266 Ratings
    Role-Based Security Model8.4266 Ratings
    Multiple Access Permission Levels (Create, Read, Delete)8.4267 Ratings
    Report-Level Access Control8.5130 Ratings
    Single Sign-On (SSO)8.5206 Ratings
    Mobile Capabilities
    Comparison of Mobile Capabilities features of Vena
    Feature
    Vena
    7.2
    142 Ratings
    2% below category average
    Responsive Design for Web Access6.9137 Ratings
    Dashboard / Report / Visualization Interactivity on Mobile7.5122 Ratings
    Budgeting, Planning, and Forecasting
    Comparison of Budgeting, Planning, and Forecasting features of Vena
    Feature
    Vena
    8.4
    351 Ratings
    4% above category average
    Long-term financial planning8.5318 Ratings
    Financial budgeting8.7337 Ratings
    Forecasting8.6325 Ratings
    Scenario modeling8.0291 Ratings
    Management reporting8.2327 Ratings
    Consolidation and Close
    Comparison of Consolidation and Close features of Vena
    Feature
    Vena
    7.2
    304 Ratings
    8% below category average
    Financial data consolidation7.4263 Ratings
    Journal entries and reports7.0196 Ratings
    Multi-currency management6.8178 Ratings
    Intercompany Eliminations7.7175 Ratings
    Minority Ownership5.9125 Ratings
    Local and consolidated reporting7.3225 Ratings
    Detailed Audit Trails8.4266 Ratings
    Financial Reporting and Compliance
    Comparison of Financial Reporting and Compliance features of Vena
    Feature
    Vena
    8.3
    331 Ratings
    2% above category average
    Financial Statement Reporting8.4297 Ratings
    Management Reporting8.4310 Ratings
    Excel-based Reporting9.0320 Ratings
    Automated board and financial reporting8.5250 Ratings
    XBRL support for regulatory filing7.199 Ratings
    Analytics and Reporting
    Comparison of Analytics and Reporting features of Vena
    Feature
    Vena
    8.3
    263 Ratings
    10% above category average
    Personalized dashboards8.1224 Ratings
    Color-coded scorecards9.1170 Ratings
    KPIs8.5196 Ratings
    Cost and profitability analysis8.0210 Ratings
    Key Performance Indicator setting8.2192 Ratings
    Benchmarking with external data7.9147 Ratings
    Integration
    Comparison of Integration features of Vena
    Feature
    Vena
    8.1
    321 Ratings
    0% above category average
    Flat file integration7.8261 Ratings
    Excel data integration8.9301 Ratings
    Direct links to 3rd-party data sources7.6238 Ratings
    Best Alternatives
    Vena
    Small Businesses
    IBM Planning Analytics
    Score8.5 out of 10
    Medium-sized Companies
    IBM Planning Analytics
    Score8.5 out of 10
    Enterprises
    Oracle Fusion Cloud Enterprise Performance Management
    Score7 out of 10
    All AlternativesView all alternatives
    User Ratings
    Vena
    Likelihood to Recommend
    8.6
    (348 ratings)
    Likelihood to Renew
    8.9
    (26 ratings)
    Usability
    8.7
    (39 ratings)
    Availability
    8.7
    (10 ratings)
    Performance
    8.4
    (9 ratings)
    Support Rating
    8.6
    (107 ratings)
    In-Person Training
    8.8
    (5 ratings)
    Online Training
    8.1
    (6 ratings)
    Implementation Rating
    8.2
    (10 ratings)
    Configurability
    9.0
    (6 ratings)
    Ease of integration
    8.4
    (5 ratings)
    Product Scalability
    8.6
    (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 is well suited for planning, budgeting, and forecasting. Using its capabilities also allows you to use it for reporting, whether it's month-end reporting or other reporting where you want to rely on data from a source that can be nicely presented and adjusted in Excel.
    Incentivized
    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.
    Incentivized
    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.
    Incentivized
    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.
    Incentivized
    Read full review
    Usability
    Vena Solutions
    Vena is somehow easy to manipulate. If you want to map accounts, or change mapping. there are clear instructions and guidance. and also Vena AI is on the way, so i think we can leverage it more and let AI help us mapping and check errors. overall a very good product and easy to learn and set up.
    Incentivized
    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.
    Incentivized
    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.
    Incentivized
    Read full review
    Support Rating
    Vena Solutions
    When I reach out to our support team, they are always able to fix any issues we are having in a timely manner. It is always resolved quickly which proves that customer support always helps out our support team with any issues so they can in turn help us quickly
    Incentivized
    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.
    Incentivized
    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.
    Incentivized
    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
    Previously used Synario for long-term forecasting. Ultimately moved to Vena for this to keep budgeting and forecasting together in a single solution. Vena's system is much easier to learn on the admin side since it is Excel-based so the transition was pretty simple. Previously used Jenzabar with JICS for budgeting. Vena's budget system is more user-friendly for end users and more flexible so it works better for our specific needs. Vena's reporting system is easier to use and customize.
    Incentivized
    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
    Incentivized
    Read full review
    Return on Investment
    Vena Solutions
    • Vena has helped save time by reducing the manual work involved with budgeting, reporting, and variance analysis. Instead of spending as much time organizing data and reconciling spreadsheets, I can focus more on reviewing results and making informed decisions. It has improved collaboration between teams and provided better visibility into financial performance, creating more efficient processes overall.
    Incentivized
    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