What users are saying about
24 Ratings
24 Ratings
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Score 8.8 out of 101

Likelihood to Recommend

Vena Solutions

Vena is well suited for companies that have a population of users that are fairly adept with Microsoft Excel. Ideally, the company would also have an analyst who understands business intelligence, ETL, etc. Without somebody orchestrating the production, I doubt things would run very smoothly. Assuming there is somebody capable of running the software, the tool is awesome. Whenever we discuss investigating new tools, I always say the same thing, "If we switch to another platform, our users may have an easier time. That said, it feels like we can literally do ANYTHING with Vena."
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Feature Rating Comparison

BI Standard Reporting

Vena Solutions
10.0
Customizable dashboards
Vena Solutions
10.0
Report Formatting Templates
Vena Solutions
10.0

Ad-hoc Reporting

Vena Solutions
10.0
Drill-down analysis
Vena Solutions
10.0
Formatting capabilities
Vena Solutions
10.0
Report sharing and collaboration
Vena Solutions
10.0

Report Output and Scheduling

Vena Solutions
10.0
Publish to PDF
Vena Solutions
10.0
Report Versioning
Vena Solutions
10.0
Report Delivery Scheduling
Vena Solutions
10.0

Data Discovery and Visualization

Vena Solutions
10.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
Vena Solutions
10.0

Access Control and Security

Vena Solutions
10.0
Multi-User Support (named login)
Vena Solutions
10.0
Role-Based Security Model
Vena Solutions
10.0
Multiple Access Permission Levels (Create, Read, Delete)
Vena Solutions
10.0

Budgeting, Planning, and Forecasting

Vena Solutions
8.8
Long-term financial planning
Vena Solutions
9.0
Financial budgeting
Vena Solutions
9.5
Forecasting
Vena Solutions
8.5
Scenario modeling
Vena Solutions
8.8
Management reporting
Vena Solutions
8.1

Consolidation and Close

Vena Solutions
9.1
Financial data consolidation
Vena Solutions
9.6
Journal entries and reports
Vena Solutions
9.1
Multi-currency management
Vena Solutions
9.6
Intercompany Eliminations
Vena Solutions
6.7
Minority Ownership
Vena Solutions
9.1
Local and consolidated reporting
Vena Solutions
9.7
Detailed Audit Trails
Vena Solutions
9.7

FInancial Reporting and Compliance

Vena Solutions
9.0
Financial Statement Reporting
Vena Solutions
9.6
Management Reporting
Vena Solutions
8.8
Excel-based Reporting
Vena Solutions
9.6
Automated board and financial reporting
Vena Solutions
8.1

Analytics

Vena Solutions
7.4
Personalized dashboards
Vena Solutions
7.2
Color-coded scorecards
Vena Solutions
6.2
KPIs
Vena Solutions
6.5
Cost and profitability analysis
Vena Solutions
9.6
Key Performance Indicator setting
Vena Solutions
6.5
Benchmarking with external data
Vena Solutions
8.5

Integration

Vena Solutions
9.6
Flat file integration
Vena Solutions
9.4
Excel data integration
Vena Solutions
9.7
Direct links to 3rd-party data sources
Vena Solutions
9.6

Pros

Vena Solutions

  • Easy integration with Excel. The tool looks familiar as it looks similar to Excel.
  • Great customer support from Vena support team.
  • It has all the advantages of Excel without the limitations of Excel like the audit trail, version control etc.
  • Audit trail feature helps in identifying the source of updates on the data.
  • Efficient aggregation and consolidation tool. The volume of data we handle could not be handled by Excel efficiently. Vena solved the problem.
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Cons

Vena Solutions

  • Like any tool, it takes some time to use the advanced features in the tool. It took me some time to master the report building from scratch.
  • People who know Excel love this product. People who are not familiar with Excel find it difficult.
  • The user experience can be improved. The tool can be made more intuitive.
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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 profile photo

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 profile photo

Support

Vena Solutions

Vena Solutions 8.2
Based on 1 answer
Customer support has been very prompt for both bug fixes and data loading. Enhancement requests have taken a bit longer to implement, but are within what we would consider a normal time frame compared to other software we use. I rarely have to wait long for an issue to be resolved
Lori Lambert profile photo

Implementation

Vena Solutions

Vena Solutions 9.1
Based on 1 answer
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 profile photo

Alternatives Considered

Vena Solutions

We explored using Hyperion. However, our top management did not approve it as it was expensive for us. We are glad we chose Vena as it is within our budget and does what we need. Further, the customer service of Vena Solutions is good. Vena is not a flash tool, it meets our needs. Vena is constantly rolling out updates and increasing the features.
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Return on Investment

Vena Solutions

  • We are able to meet our deadlines without increasing the headcount. It made our financials controllers and financial analysts more effective.
  • We did not spend much time on training our users. As the tool is very similar to excel the finance users started using it from day one.
  • This tool is the best value for money when compared to other products in the market.
No photo available

Pricing Details

Vena Solutions

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
$0*

* per user

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