Vena

Score8.1 out of 10

469 Reviews and Ratings

Free Demo

Vena

Free Demo

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.

Categories & Use Cases

Media

Screenshot of Operation Expenses - Predictive Analysis

Screenshot of Operational Expenses - Drill through analysis

1 / 11

Screenshot of Operation Expenses - Predictive Analysis

Excel-based Reporting
Ad hoc or formatted reports using MS Excel.
Category average: 8.2
Color-coded scorecards
Track and analyze performances with interactive, color-coded balanced scorecards.
Category average: 8.2
Excel data integration
Ability to integrate directly with Excel data.
Category average: 8.6

Journal entries and reports
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
Category average: 7.7
Multi-currency management
Ability to handle foreign currency conversions during consolidation.
Category average: 7.3
Minority Ownership
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
Category average: 7.2

Kristi Schuster

Controller in Finance and Accounting at Cure 4 The Kids (201-500 employees employees)

Use Cases and Deployment Scope

Vena is being used for budgeting in forecasting. It is being used by contributors from different departments across the organization. Those departments are our fundraising departments. They are our disciplines for our medical departments. And it addresses the problems of budgeting and forecasting being pushed back onto accounting and finance, and accounting and finance possibly missing some of the nuances and granular detail that is necessary to do a more accurate budget. It’s been very helpful because we have been able to involve these budget owners and give them contributor user access and make them part of the budget, but it’s also been a little bit of a struggle to get people on board to be part of that because they never have before, but it has been extremely helpful the budging process for 2026 was a breath of fresh air compared to some prior budgets that we put together.

Pros

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.

Cons

The mapping training that we received prior to implementation we were not impressed with. We did provide some input regarding that we felt it was pretty repetitive and had way too many people in the trainings and they were just pushing stuff through and we were not understanding why we were doing things and you know what what result we were trying to reach.
We believe that building the reports in Vena is kind of a struggle. We were really glad to hear that the reporting agent has some improvements that we can use in conjunction with Copilot for Vena.

Return on Investment

We have saved tons of time
We are better able to analyze the results as opposed to mining them and putting them together

RoxeAnn RoxeAnn

Sr Business Systems Analyst in Information Technology at CentralSquare Technologies (1001-5000 employees employees)

Use Cases and Deployment Scope

FP&A and Finance are both using Vena. It replaced Adaptive and was a complete game-changer. Our team uses it for financial close, forecasting, budgeting, and reporting. It is very transparent and gives management confidence in the numbers provided. It integrates seamlessly with NetSuite and Salesforce. It also saves our Internal Team so much time. Our previous solution was Workday adaptive and was so complicated to update that I was spending 10-20 hours per week administering and troubleshooting Workday just to keep it running! The formulas were a “black box” that no one at our company understood, making trust in the numbers very low across the organization. Vena’s Excel-based platform is so easy to understand and deconstruct. Users have confidence that what they are reporting is accurate, and Leaders have confidence that they can rely on the numbers as presented. New functionality introduced recently, including upgrades to Vena’s AI Agents, will make it even more useful for all our users. We have just scratched the surface of what Vena can do, and their commitment to emerging technology is impressive and inspiring.

Pros

Integration
Reporting
Budgeting
Training

Cons

Vena could provide better ad hoc functionality.
Vena needs a license type somewhere between Contributor and Power User.
Vena needs to continue to innovate in the AI space.

Return on Investment

Time saved.
Money saved on software.
Improved Revenue and Collections.

Alternatives Considered

Pigment

Other Software Used

NetSuite ERP, Salesforce Agentforce Commerce, Anthropic Claude

Clif Howard

Chief Accounting Officer in Finance and Accounting at Thread Bank (51-200 employees employees)

Use Cases and Deployment Scope

For financial reporting and budgeting.

Pros

Maintains Excel functionality.
Easily brings data from multiple sources into a single source.
Allows collaboration across departments while limiting access to only applicable areas.

Cons

More functionality to handle data from different formats.
Better flexibility in building hierarchy at the most granular level, but still be able to report at a higher level.
Adding more banking services specific templates to the template library.

Return on Investment

Creates better efficiency.
Allows collaboration.
Maintains Excel functionality.

Alternatives Considered

Cube

Other Software Used

Microsoft 365, S4 for Salesforce, Microsoft Power BI

Daniel Dirani View profile

Sr. Manager of FP&A in Finance and Accounting at CentralSquare Technologies (1001-5000 employees employees)

Use Cases and Deployment Scope

We use it in Finance specifically. Vena allows us to easily plan and do variance analysis for our organization.

Pros

Integrates well with Excel.
Operates much faster than our previous ERP System.
Simplified our plan process.

Cons

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.

Return on Investment

IT freed time.
Less FP&A staff needed.
Much fast to answer ELT and Board questions.

Alternatives Considered

Workday Adaptive Planning

Other Software Used

Anthropic Claude, NetSuite ERP

Jordan Kerr, CPA View profile

Director of Finance/Controller in Finance and Accounting at Visit California (51-200 employees employees)

Use Cases and Deployment Scope

We are leveraging Vena to support budgeting, FP&A, financial reconciliation and analysis, HR planning, as well as board reporting. As a 501(c)(6) non-profit, we heavily empower our program managers to own their budgets and execute programming within their discretion. Vena allows us to empower these program managers with consistent, reliable data and reports that are leveraged throughout the organization, that can dynamically adjust to any user that is reviewing reports, all without having to deal with version control issues since the data is all centralized in a data warehouse and populated in MS Excel as the UI.

Pros

Version control
Workflow management
Data modeling

Cons

Somewhat complex backend for non-technical users
Building the templates can be someone cumbersome
It’s better now with Office 365, but it wasn’t as user-friendly on Apple products until just recently

Return on Investment

Vena has simplified our annual and monthly budget process to reduce version control issues and streamline workflow. This has allowed us to reduce the time to work through our budgeting process.
Flexibility for end users to manage their personal budgets.
Strong controls around permission sets based on roles and responsibilities, helping with security.