#1 most frequent
United States of America
73.7%558 installations of 757
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
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Screenshot of Operation Expenses - Predictive Analysis
Top Performing Features
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: 8.1
Excel data integration
Ability to integrate directly with Excel data.
Category average: 8.5
Areas for Improvement
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: 7.5
Minority Ownership
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
Category average: 7.4
Who Buys & Uses Vena
#1 most frequent
Professional, Scientific, and Technical Services
16.8%127 installations of 757
“IT resources freed time”
#2 most frequent
Manufacturing
13.1%99 installations of 757
“We are using Vena across our organization for budgeting, forecasting, financial reporting, dashboarding and data analytics.”
#3 most frequent
Finance and Insurance
10.2%77 installations of 757
“Vena is being used by every operating department in the company to manage their respective expense budgets.”
#2 most frequent
Canada
13.7%104 installations of 757
#3 most frequent
United Kingdom of Great Britain and Northern Ireland
5.4%41 installations of 757
Pros
- Streamlining budgeting, planning, and forecasting workflows
- Automating financial tasks and enhancing operational efficiency
- Seamless integration with Excel for user familiarity and adoption
Cons
- Application performance and speed issues with large datasets or complex models
- Challenges with template and report loading, configuration, and customization
- Steep learning curve and overall platform complexity for new users
Vena makes FPA easy and transparent.
Use Cases and Deployment Scope
We use Vena for budgeting, forecasting, and consolidation. It is mostly used by our FP&A group, but we’re bringing in the Operations and Accounting groups soon. Vena addressed our need for easy-to-understand financial data in a familiar Excel format. It also gave us the ability to forecast and budget financials in a way that allows variance analysis without manual “hand jamming” data.
Pros
- It’s easy to maintain without IT involvement.
- It is Excel based, so user adoption is easier.
- We are able to save time in month end close.
Cons
- I’d love to see Word functionality to help with data narratives.
- I would love to see more GovCon knowledge within the company so we can tailor our models to our industry-specific needs. We have to do that on our own.
Return on Investment
- We’re using Vena to reduce our close by 25%.
- Our decision makers have the detailed data behind their financials, which we weren’t able to provide before. Saving hours each month of digging through static reports.
Alternatives Considered
Workday Adaptive Planning
Vena Review.
Use Cases and Deployment Scope
We use Vena for Budgeting, forecasting, analysis, and scenario planning. He helps us slice and dice data in customizable ways. We can create custom reports to provide transparency and ease of reporting across multiple offices. We use Vena to help put together narratives and inform decision-making. All of our departments and offices have access to Vena as users.
Pros
- Reporting
- Analysis
- Forecasting
Cons
- Global auditing.
- Ease of use.
- Implementation.
Return on Investment
- Better visibility.
- Improved collaboration.
Alternatives Considered
Sage Intacct
Other Software Used
Formstack for Salesforce, Sage Intacct, Paylocity
Vena Review
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
Vena checks all the boxes.
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
Banking POV review.
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
