Overview
What is Vena?
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.
Learn from top reviewers
Powerful tool for centralised operation in company!
Not happy with Vena
Vena - Excel Modeling's Partner
Must have system for FP&A professionals
Vena provides flexibility and efficiency to focus on what actually matters
Ven-tastic Experience
Vena Solutions: SIMPLE, EFFECTIVE, DYNAMIC, POWERFUL!
Good platform
New User to Vena Solutions
Financial advantage with Vena
Best platform for Financial Planning and Analysis
Vena's use case lies beyond financial management, and towards better decentralization
Really useful Product.
Vena makes your old spreadsheets smart!
Vena product review.
How Vena Differs From Its Competitors
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Reviewer Pros & Cons
Video Reviews
1 video
Pricing
Professional
N/A
Complete
N/A
Entry-level set up fee?
- Setup fee optionalOptional
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Features
BI Standard Reporting
Standard reporting means pre-built or canned reports available to users without having to create them.
- 7Pixel Perfect reports(59) Ratings
Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.
- 8Customizable dashboards(88) Ratings
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
- 8.1Report Formatting Templates(96) Ratings
Ad-hoc Reporting
Ad-Hoc Reports are reports built by the user to meet highly specific requirements.
- 8.6Drill-down analysis(184) Ratings
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
- 8.4Formatting capabilities(182) Ratings
Ability to format output e.g. conditional formatting, lines, headers, footers.
- 5.8Integration with R or other statistical packages(60) Ratings
Integration with the open-source R predictive modeling environment.
- 8.4Report sharing and collaboration(159) Ratings
Report sharing and collaboration is the ability to easily share reports with others.
Report Output and Scheduling
Ability to schedule and manager report output.
- 8.4Publish to Web(72) Ratings
- 9.2Publish to PDF(103) Ratings
- 8.8Report Versioning(123) Ratings
Report versioning is the assignment of version numbers to each version of a report to help in tracking.
- 8.6Report Delivery Scheduling(109) Ratings
Report Delivery Schedule is the ability to have reports delivered to a destination at a specific data and time.
Data Discovery and Visualization
Data Discovery and Visualization is the analysis of multiple data sources in a search for patterns and outliers and the ability to represent the data visually.
- 8.3Pre-built visualization formats (heatmaps, scatter plots etc.)(82) Ratings
Pre-built visualization formats are canned visualization types that can be selected to visualize different kinds of data.
- 7.6Location Analytics / Geographic Visualization(66) Ratings
Location analytics is the visualization of geographical or spatial data.
- 7.6Predictive Analytics(72) Ratings
Predictive Analytics is the ability to build forecasting models based on existing data sets.
- 8.1Pattern Recognition and Data Mining(17) Ratings
Pattern recognition and data mining mean the ability to recognize hidden patterns in large quantities of data.
Access Control and Security
Access control means being able to determine who has access to which data.
- 9.1Multi-User Support (named login)(173) Ratings
Named model access means that users have access based on name and password.
- 8.8Role-Based Security Model(172) Ratings
Role-based access means that access to data is determined by job or position in the corporation.
- 9Multiple Access Permission Levels (Create, Read, Delete)(175) Ratings
Multiple access permission levels means that different levels of users have different rights.
- 9Report-Level Access Control(38) Ratings
Report-level access control means that the type of report determines who has access to it.
- 8.8Single Sign-On (SSO)(131) Ratings
Allows users to use one set of login credentials to access multiple applications
Mobile Capabilities
Support for mobile devices like smartphones and tablets.
- 8.3Responsive Design for Web Access(88) Ratings
Web design aimed at producing easy-to-read sites across a range of different devices.
- 7.8Dashboard / Report / Visualization Interactivity on Mobile(76) Ratings
In-app dashboard reports and data visualization.
Budgeting, Planning, and Forecasting
These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning
- 8.5Long-term financial planning(206) Ratings
3-5 year financial plan with cashflow.
- 9Financial budgeting(221) Ratings
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
- 8.1Forecasting(212) Ratings
Combining actuals and budgets, rolling forecasts, driver-based models.
- 7.9Scenario modeling(191) Ratings
Financial or operational modeling of alternate future states and planning for each.
- 9Management reporting(218) Ratings
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 9.3Financial data consolidation(170) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 7.6Journal entries and reports(121) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 6.4Multi-currency management(116) Ratings
Ability to handle foreign currency conversions during consolidation.
- 7.9Intercompany Eliminations(115) Ratings
Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.
- 7Minority Ownership(79) Ratings
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
- 8.3Local and consolidated reporting(148) Ratings
Ability to report against individual business entities and the consolidated umbrella entity.
- 8.7Detailed Audit Trails(175) Ratings
Tracing changes to data and processes that were run.
Financial Reporting and Compliance
Financial statements and regulatory filings
- 9Financial Statement Reporting(195) Ratings
Creation and production of balance sheets, income statements, cash flows, other schedules
- 8.6Management Reporting(204) Ratings
Tools facilitating creation of internal ad hoc or standard reports.
- 9.4Excel-based Reporting(213) Ratings
Ad hoc or formatted reports using MS Excel.
- 8.3Automated board and financial reporting(156) Ratings
Tools to help automate creation of regulatory reports such as SEC filings and board books.
- 6.1XBRL support for regulatory filing(55) Ratings
Support for the XBRL standard reporting format for exchanging financial data.
Analytics and Reporting
Dashboards and scorecards for KPI monitoring and benchmarking
- 8.4Personalized dashboards(139) Ratings
Create custom dashboards and reports without the help of IT or administrators.
- 8.9Color-coded scorecards(104) Ratings
Track and analyze performances with interactive, color-coded balanced scorecards.
- 7.4KPIs(120) Ratings
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
- 7.6Cost and profitability analysis(131) Ratings
Cost and profitability analysis provides data for business decision making.
- 8Key Performance Indicator setting(117) Ratings
Ability to set key performance indicators for measuring progress towards goals.
- 7.1Benchmarking with external data(89) Ratings
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Integration
Ability to integrate with external applications.
- 9.2Flat file integration(174) Ratings
Integration of flat files like text documents and comma separated files
- 8.9Excel data integration(199) Ratings
Ability to integrate directly with Excel data.
- 8.9Direct links to 3rd-party data sources(158) Ratings
Integration with external applications like ERP, CRM, HCM
Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is Vena?
Vena is a CPM platform that streamlines financial and operational planning, reporting and analysis processes.
- Budgeting and Forecasting
- Financial Reporting
- Financial Close Management
- Business Analysis and Insights
- Cash Flow Planning
Top Features and Benefits
- Native Excel Interface
- ERP, GL, HRIS & CRM Integration
- Scenario Modeling
- AI-Powered Assistant for FP&A
- Microsoft PowerBI and PowerPoint Integrations
Vena Features
Budgeting, Planning, and Forecasting Features
- Supported: Long-term financial planning
- Supported: Financial budgeting
- Supported: Forecasting
- Supported: Scenario modeling
- Supported: Management reporting
Consolidation and Close Features
- Supported: Financial data consolidation
- Supported: Journal entries and reports
- Supported: Multi-currency management
- Supported: Intercompany Eliminations
- Supported: Minority Ownership
- Supported: Local and consolidated reporting
- Supported: Detailed Audit Trails
Financial Reporting and Compliance Features
- Supported: Financial Statement Reporting
- Supported: Management Reporting
- Supported: Excel-based Reporting
- Supported: Automated board and financial reporting
- Supported: XBRL support for regulatory filing
Analytics and Reporting Features
- Supported: Personalized dashboards
- Supported: Color-coded scorecards
- Supported: KPIs
- Supported: Cost and profitability analysis
- Supported: Key Performance Indicator setting
- Supported: Benchmarking with external data
Integration Features
- Supported: Flat file integration
- Supported: Excel data integration
- Supported: Direct links to 3rd-party data sources
BI Standard Reporting Features
- Supported: Pixel Perfect reports
- Supported: Customizable dashboards
- Supported: Report Formatting Templates
Ad-hoc Reporting Features
- Supported: Drill-down analysis
- Supported: Formatting capabilities
- Supported: Predictive modeling
- Supported: Integration with R or other statistical packages
- Supported: Report sharing and collaboration
Report Output and Scheduling Features
- Supported: Publish to Web
- Supported: Publish to PDF
- Supported: Report Versioning
- Supported: Report Delivery Scheduling
Data Discovery and Visualization Features
- Supported: Pre-built visualization formats (heatmaps, scatter plots etc.)
- Supported: Location Analytics / Geographic Visualization
- Supported: Predictive Analytics
- Supported: Support for Machine Learning models
- Supported: Pattern Recognition and Data Mining
- Supported: Integration with R or other statistical packages
Access Control and Security Features
- Supported: Multi-User Support (named login)
- Supported: Role-Based Security Model
- Supported: Multiple Access Permission Levels (Create, Read, Delete)
- Supported: Report-Level Access Control
- Supported: Table-Level Access Control (BI-layer)
- Supported: Field-Level Access Control (BI-layer)
- Supported: Single Sign-On (SSO)
Mobile Capabilities Features
- Supported: Responsive Design for Web Access
- Supported: Dashboard / Report / Visualization Interactivity on Mobile
Vena Screenshots
Vena Videos
Vena Integrations
Vena Competitors
Vena Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | You don't need to download an app or change a setting to use Vena on your mobile device: just open your browser, go to Vena (vena.io), and log in as you normally do. The Contributor interface is fully responsive, so it can adjust to any size screen, regardless of the type of device you have. |
Supported Countries | United States of America, Canada, United Kingdom, Australia, South Africa, Europe |
Supported Languages | Vena supports any localization capabilities already native within Excel. Vena Cloud supports English, Spanish, and French. If a specific language is required please don’t hesitate to ask. |
Vena Downloadables
Frequently Asked Questions
Vena Customer Size Distribution
Consumers | 0% |
---|---|
Small Businesses (1-50 employees) | 19% |
Mid-Size Companies (51-500 employees) | 55% |
Enterprises (more than 500 employees) | 26% |
Comparisons
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Reviews and Ratings
(338)Community Insights
- Pros
- Cons
Live Changes: Users have appreciated Vena's ability to allow contributors to make live changes, making it easier for the finance team to track and consolidate budgeting data effectively. This real-time collaboration feature has streamlined communication and increased efficiency in financial processes.
Powerful Data Management: Reviewers have found Vena's robust data management capabilities instrumental in enhancing forecasting accuracy by leveraging advanced analytics and forecasting models. The system's analytical tools have empowered users to make more informed decisions based on reliable data insights.
Consolidation Feature: The consolidation feature in Vena has been highly praised by users for saving significant time previously spent manually consolidating spreadsheets. By automating this process, Vena has enabled teams to focus on strategic analysis and decision-making rather than tedious manual tasks.
Training and Resources: Users have consistently expressed a need for more training and resources to fully leverage Vena's capabilities. Some users feel that additional workshops and comprehensive training would enhance the user-friendliness of the platform.
Template Complexity: Several reviewers have found the templates in Vena to be overly complex and not intuitive, particularly with unclear definitions of dimensions. Simplifying templates and providing clearer instructions could improve user experience.
Performance Issues: There is feedback regarding slow performance when dealing with large and complex files, causing frustration among users. Enhancements to optimize system speed, especially when handling extensive data sets, are requested by many customers.
Reviews
(1-25 of 233)Powerful tool for centralised operation in company!
- It allows collaboration.
- Customization and flexibility.
- It makes data management centralized.
Not happy with Vena
- Data compilation
- Data drill down
Vena - Excel Modeling's Partner
- Dynamic expansion and mapping.
- Integrations with other tools.
- Data and file storage in the cloud.
- Versatile.
- Cascade report feature.
Must have system for FP&A professionals
- Budgeting and forecasting
- Financial reporting
- security and privacy
- Flexibility
It might not be very cost-efficient to implement Vena if you're a very small company. But you should think of an FP&A system once your business can afford it.
Vena provides flexibility and efficiency to focus on what actually matters
- Flexibility - design the data model, templates, and permissions your organization needs
- Usability - the Vena web portal is clean and easy to navigate, checking files in and out is straight forward, and users have adopted templates quickly
- Community - from training, knowledge base, discussion boards, webinars, and repeating Customer Success calls, Vena stays in touch with customers regularly and uses feedback to improve the platform and partnership
Ven-tastic Experience
- Forecasting
- Analysis
- Strategic Planning
- Reporting
- Data input/Interaction
Vena Solutions: SIMPLE, EFFECTIVE, DYNAMIC, POWERFUL!
- Vena files and templates are simple to create and adjust.
- Vena constantly is evolving to enhance its features.
- The user experience is very simple in Vena.
Good platform
- Vena allows contributors to make live changes, and its powerful data management capabilities make it easier for the finance team to track and consolidate budgeting data.
- Improving Forecasting Accuracy: Utilize analytics and forecasting models
New User to Vena Solutions
- Excel-based tool and user interface and easy integration with other software like Spreadsheet server
- Export and import data from other Excel sheets even with formulas
- Easy to attach documents and comments to the data cell for budget detail explanations
- SaaS would eliminate the time for in-house labor upgrade and storage
- Easy to setup security level for each individual by admin
- Workflow and audit trail are really helpful and easy to understand and modify
- Flexibility due to Excel, we can add formula and links to the sheet
Financial advantage with Vena
- Native integration with Microsoft Excel.
- Awesome and beautiful interface for the CRM that faces clients.
- Offering a quality software that never crashes.
Best platform for Financial Planning and Analysis
- Sales Performance Report
- Daily Accounts Credit and Debits
- Financial planning and forecasting
- Daily finance reports
Vena's use case lies beyond financial management, and towards better decentralization
- Automated budgeting, forecasting, and DCF
- Excel integration to handle the power of AI in execution
- Detailed analysis of all reports and statements, with sufficient management
- Customized regulatory compliance as per the location
- Workflow streamlining
Really useful Product.
- Cash flow model are really accurate within our finance model integration.
- Workforce modules are really customizable and easy to implement.
- It is simple to build additional models without customer support guidance.
Vena makes your old spreadsheets smart!
- Integrated workflows into sheets
- User control and security
- Intuitive to use for anyone familiar with Excel/Sheets
It would be less suited to a larger enterprise where the scope and amount of data would benefit from having a specialized tool for each department.
Vena product review.
- Automates recurring process.
- Workflow
- Data transformation.
Vena is Great!
- Ease of use
- Support when necessary
- Learning opportunities
Vena's Awesome!
- Flexibility
- User acceptance
- Self service
Great Product for FPA
- Asset level opex and capex planning
- long range planning
- dashboarding
Vena Creates Efficiencies and Increases Productivity
- Customer Success Team is fully dedicated to the success of our team and have become an integral part of our operations. They are always recommending best practices, having forward looking approaches, and documenting along the way.
- Ad hoc reports will be a game changer to create self- sufficiency in the organization.
- Power Point Presentation will increase productivity and efficiency to finally be able to focus on providing more insight and takeaways for the executive team.
Vena is very customizable and easy to use but we found out that some templates might have been over engineered during the the implementation process.
Vena is the Best
- Template configuration
- Updating analysis
- Consolidation
Vena for Business
- Warehousing data
- Standardizing processes
- Improving collaboration
- Easy adoption
Ease of Use
- Ease of Reporting Building / Mapping
- Workflow Process
- ELT Intergration Capabilities
Vena Review 2024
- reporting
- consolidatings
- segmenting
Finance Manager
- Provide Auditing Tools
- Excel Based / Familiar
- Customization
Great platform for medium sized company.
- Data integration.
- Reporting
- Analysis