Vena

Overview

Reviews

Vena Has Saved Me A Lot of Time

9
NAMI uses Vena for preparing our annual budget, forecasting throughout our fiscal year, and reporting relevant financial data to …
Read full review

Vena is great!

9
We used to do our modeling in Excel, but now we use Vena. It's used by two departments; one to manage it (Initiatives team) and update it …
Read full review

Plan with Vena

8
Vena is used by the Engineering Department by those people who are response for projects cost and the profit margins on it. It's very …
Read full review

Fantastic product!

10
Initially we started using Vena among the FP&A team, then slowly started rolling it out to other departments. We have just completed our …

Popular Features

View all 46 features

Excel-based Reporting (109)

9.3
93%

Forecasting (111)

8.8
88%

Financial budgeting (114)

8.8
88%

Management reporting (112)

8.5
85%

Reviewer Pros & Cons

View all pros & cons

Pricing

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N/A
Unavailable

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.

Entry-level set up fee?

  • Setup fee optionalOptional
For the latest information on pricing, visithttps://www.venasolutions.com/preview…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

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Alternatives Pricing

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Microsoft Power BI is a visualization and data discovery tool from Microsoft. It allows users to convert data into visuals and graphics, visually explore and analyze data, collaborate on interactive dashboards and reports, and scale across their organization with built-in governance and security.

Features Scorecard

BI Standard Reporting

8.4
84%

Ad-hoc Reporting

8.5
85%

Report Output and Scheduling

9.0
90%

Data Discovery and Visualization

8.0
80%

Access Control and Security

8.7
87%

Mobile Capabilities

8.7
87%

Budgeting, Planning, and Forecasting

8.6
86%

Consolidation and Close

8.3
83%

Financial Reporting and Compliance

8.7
87%

Analytics

9.2
92%

Integration

8.7
87%

Product Details

What is Vena?

Vena Solutions is a platform that connects people, process and technology to propel integrated business planning, boasting ease of use, reporting and analytics, and a connected platform of applications covering the full spectrum of FP&A—from account reconciliation and budgeting to scenario modeling, analytics and consolidation. The vendor states more than 800 companies around the world rely on Vena to measure and learn from their past performance and to plan confidently for a successful future.

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 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

Corporate Dashboard - Financial AnalysisIncome StatementBalance SheetCash Flow StatementWorkflow Status TrackerWorkflow - Financial Budget ProcessOperation Expenses - Predictive AnalysisAllocations DashboardWorkforce - Personnel PlanningCapital Expense PlanningRevenue and Sales PlanningCorporate Dashboard - Workforce PlanningOperational Expenses - Drill through analysisOperational Expenses Planning - Input Excel template

Vena Videos

Introduction to Vena Complete Planning
Introduction to Budgeting in Vena Complete Planning

Vena Downloadables

Vena Integrations

Vena Competitors

Vena Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)19%
Mid-Size Companies (51-500 employees)55%
Enterprises (more than 500 employees)26%

Vena Technical Details

Deployment TypesSaaS
Operating SystemsUnspecified
Mobile ApplicationYou 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 CountriesUnited States of America, Canada, United Kingdom, Australia, South Africa, Europe
Supported LanguagesVena 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.

Alternatives

View all alternatives

Frequently Asked Questions

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.

What is Vena's best feature?

Reviewers rate KPIs highest, with a score of 9.7.

Who uses Vena?

The most common users of Vena are from Mid-size Companies and the Accounting industry.

Reviews

(1-25 of 162)
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Andrew McFarlane ✪ | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Vena is used by the FP&A department to manage the annual budget, monthly rolling forecasts, and actuals. It's a tool that helps department heads know the details behind their available budgets so that there are no questions when it comes to "how much do I have left to spend each month." I was able to also build out a cash flow forecasting model that ties to the P&L and HR data so that everything works together and is updated at the same time. It's a tool that has helped with variance analysis and catches errors, excess spending, and improve our view into what is happening financially for the company.
  • Budgeting.
  • Variance Analysis.
  • Detail Transactional Drill Downs.
  • Forecasting.
  • Reporting.
  • More standard reports.
Vena is basically a supercharged Microsoft Excel add-on that ties to your database. This allows for infinite possibilities with your model building since most finance people are already proficient with Excel. It also allows you to build reports and lockdown every cell except for the ones that you want contributors (other non-admin users) to adjust. It helps you manage your workbooks in a way that is virtually foolproof so that people that use your sheet don't have to worry about breaking anything.
Score 9 out of 10
Vetted Review
Verified User
Review Source
We used Vena in our financial reporting department at a large bank with hundreds of departments. Vena was used throughout the whole organization and helped us tremendously to consolidate numbers obtained from numerous teams. Without Vena, it would be very difficult and time-consuming to collect financial information at such a large organization.
  • User friendly Excel based software
  • Easy to fill and auto-fill numbers
  • Lots of available financial templates
  • Any template that needs to be customized requires involvement of Vena support
  • Training of new users can be hard due to limited number of trainings
  • The process of submission of financial templates is somewhat complicated
Vena is great for larger companies especially those that have multiple departments. For example, if numerous teams have to submit their budget numbers to the central finance team Vena would be very useful as it would help prevent human error and would help automate the submission process. Vena would probably be less suitable for smaller companies for this application but would still be useful for the purpose of financial process automation.
Score 9 out of 10
Vetted Review
Verified User
Review Source
We currently use Vena for Financial Reporting and Forecasting. We have over 70 departments and are easily able to send reports to each department head with the click of a button and have them submit changes back to us. What used to take us over a whole day of compiling reports and emailing them out manually, now just takes the click of a button. It has tremendously improved our forecasting process. We are able to track any change made by any user also.
  • Budgeting and Forecasting.
  • Financial Reporting.
  • Ease of Use - similar to excel so little training needed.
  • Wish reports could be sent to non-users.
  • Our system is not cloud based, so a nightly dump is needed.
  • Wish there was a way we could have a hybrid shared report that multiple users could make changes to and be in the file at once instead of check-in and check out.
Our forecasting used to be a manual process just using excel templates. We implemented Vena and were able to keep the same templates but add the specific Vena tools to get the template to pull the data. This made it possible to basically have no training for the users. We have been able to create reports that save us numerous hours.
Austin Lee | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions is used across our organization to manage our resources and our entire finance budget. We are able to get effective data that we use in planning and making clear decisions on our development programs. It has a great user interface that can be easily customized to fit our needs. The strong database has given our data management team an easy and flexible data integration environment.
  • Management of our resources
  • Data analyzation across our organization
  • Financial planning
  • The platform is very effective with great features.
  • The current features are easy to use and their functionality capacity is awesome.
It is very well suited in management of finance and budgetary plans that run across our company. It enables our planning teams to compile effective reports--on time--that we use to make decisions. The interface is able to create flow charts that show our performance and the plans we can have in place to make improvements on resource management.
Score 9 out of 10
Vetted Review
Verified User
Review Source
NAMI uses Vena for preparing our annual budget, forecasting throughout our fiscal year, and reporting relevant financial data to individual departments. We also use Vena to create the financial statements we provide to NAMI's Board of Directors. Every department across the organization uses Vena for budgeting and forecasting. Finance and Accounting is the primary user for reporting purposes.
  • Vena is easily adoptable by new users because it is Excel based. Staff are not intimidated by the software.
  • It's easy to distribute monthly reports to the staff with Vena's workflows and Report Books. Once those are set up, distributing monthly financials to individual departments is an easy process.
  • It's easy for us to upload data from our accounting system - at the transaction level - to Vena. We simply download a file from our accounting system and upload it into Vena. Whatever manipulation of the data that's required is done by Vena. We don't have to do anything.
  • Vena's customer service is excellent. Their customer service reps. are pretty good and I will say they are fair-minded during contract renewals. I never feel like they're gouging me. They are decent people to work with.
  • Because Vena continues to experience tremendous growth it is hard (at times) to get access to their internal consultants on a timely basis. It's also hard (if not impossible) to work with the same consultant on an ongoing basis as Vena assigns consultants as they become available to do the work.
  • Because of their growth, the Vena staff is constantly expanding. So, in the five years I've been with Vena, I've had at least six customer service reps... It's not the worst thing but it feels like I'm starting over every year.
  • Vena's software is constantly being upgraded. That's a good thing but I think they might be able to do a better job of providing online training and other training resources.
I've never looked back from leaving the budgeting system we had before Vena. It's been easy to "sell" Vena within my organization because it is Excel-based so most people, even with just basic Excel skills, can use the system with little training. I started with just 12 licenses and now I'm up to nearly 30. As NAMI has grown so too has our use of Vena; it's easy to scale Vena, i.e. adding programs or accounts or staff into the database is an easy process. I recommend Vena on a regular basis to other companies.
January 06, 2022

Vena is great!

Score 9 out of 10
Vetted Review
Verified User
Review Source
We used to do our modeling in Excel, but now we use Vena. It's used by two departments; one to manage it (Initiatives team) and update it and one (client managers) that uses it for budgeting, forecasting, and presentations. It makes it a lot easier to budget and forecast for our clients by creating model-wide updates when needed. That way people don't need to remember to make updates individually. Our team member has actually done a ton of work to customize it exactly how we need it, so it's nice that Vena has those capabilities.
  • Easier to make sure work is uniform between multiple employees.
  • Easier calculations and less need for manual updating.
  • Easier to manage payroll.
  • Lets us create report to paste into presentations.
  • Loading time.
  • Crashing.
  • Opening multiple reports at the same time with ease.
I think it's great for organizations that need particular detailed models that only fit them. It's good for trying to build what you need. But I think you need someone to help you build the model and keep it updated. Vena just has the tools you need to create what you need, but it doesn't do it for you from my understanding. We have a staff member dedicated to updating Vena.
January 06, 2022

Plan with Vena

Score 8 out of 10
Vetted Review
Verified User
Review Source
Vena is used by the Engineering Department by those people who are response for projects cost and the profit margins on it. It's very useful for future predictions about a project and also if it's worth it or not. It integrates quite easily with other pre built software for data analysis.
  • Managing the data.
  • Forecasting about profit.
  • Integration with other software.
  • It's demo version should be available on the go.
  • Pricing should be clearly mentioned.
  • Must have a how to get started guide.
Vena is quite well suited for financial planning on a project. The feature of forecasting works really well. On the other hand it's also quite handy to manage [your] workforce and be able to see particular individuals growth and contribution towards the company. Cash flow on the ongoing project can also be managed very well with Vena.
Score 9 out of 10
Vetted Review
Verified User
Review Source
We use Vena across our entire organization for budgeting, forecasting, and financial reporting.
  • Budgeting
  • Forecasting
  • Financial reporting
  • Administration can be complex
  • Configuration can limit features
  • Not as highly customizable as some other systems
Vena is well suited for medium [sized] businesses that [have] outgrown excel but are not yet ready for large scale costly enterprise-level systems.
Tanay Pahwa | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Review Source
Vena is being used only in the finance department as of now, but more uses are being explored rapidly because of the wide support that Vena has to offer.
  • Financial reporting
  • Easy to use
  • Poor interface
  • Costly
Vena is certainly very well suited for financial purposes. It is good for creating financial reports, financial budgets and modelling. It reads transactions deeply which helps reduce time overall and reduces the burden greatly for the finance department. It is comparably easy to use which makes it a better choice over others.
Score 10 out of 10
Vetted Review
Verified User
Review Source
We use Vena for all budgeting, forecasting and 95% of Financial Reporting with the remaining 5% to be introduced in Q3 of 2021. Prior to Vena, our budget process was very manual and financial reporting cumbersome and and in some instances, non-existent. Vena has been transformational for Saint Mary's. We have reduced our budget cycle from Months to Weeks and our Executive review time from weeks to days. In addition, we use Vena to improve financial processes for month end close, reducing cumbersome activities from days to hours or minutes, and perform deep analysis. We have dramatically reduced or eliminated time to compile information and have instead repurposed that time to perform more value-added analysis. Vena has been used to identify ineffective pockets of budget allocation and allowed us to reallocate those pockets to more strategic needs. We are currently expanding the use case beyond the FInance office to include Enrolment Projection and Faculty accreditation. Since first becoming a Vena customer in 2014, the software has received continuous enhancements and it continues to get better each quarter. In short, we love it!
  • They are continually investing in the software.
  • They listen to their customers and incorporate their feedback.
  • They are fully engaged in their customers obtaining the maximum benefit from the software.
  • Their customer support team is very responsive and technically sound.
  • The introduction of Vena365Connect will solve a major weakness in the software as it will create a platform-agnostic environment allowing Mac users to finally use Vena to its full potential.
  • I would like to see more integration and more support with BI tools. They currently integrate with Power BI but beyond the bridge to link it, its really up to the customer after that. Easy linking to Tableau would be phenomenal.
  • More partner arrangements with clients to develop APIs for larger ERP systems to allow for the real time transfer for data into Vena.
  • Improved mobile experience for tablets.
Any organization that has the same P&L for multiple business units would benefit greatly!
Franchises, etc are a perfect fit.
Any organization that has multiple shadow systems in Excel can all be brought together in Vena.
Hotel management would be a great fit!
Reits and other infrastructure companies would be a great fit!
Score 10 out of 10
Vetted Review
Verified User
Review Source
Vena is being used at our company as a financial reporting and consolidation tool. We have entities around the world, and tool helps us commonize and consolidate financials. We also use the tool to distribute various reports related to human resources, pricing, and inventory management. The flexibility of the tool allows for self-service and self-development of reports.
  • It is a familiar feeling as it uses excel as the front end.
  • The ability to develop reports in house makes the tool very flexible.
  • Powerful consolidation tool which allows for easy distribution of information.
  • Performance can be slow once reports get too complex.
  • Per user pricing can get expensive if users are not using the tool for a wide variety of purposes.
Vena is well suited for companies of all sizes as the tool is very scalable to your business size. It performs exceptionally well in an environment that is currently using an excel based solution, as the users will be familiar with the tool and can use existing knowledge to develop robust reporting.
Score 10 out of 10
Vetted Review
Reseller
Review Source
Vena Solutions is a technology that we partner with at our organization. We resell and implement the product for our customers. Our customers range from hospitality, health care, project management, manufacturing, and others. There are several big business problems that Vena addresses. First, everyone loves Excel and people are reluctant to change. Since Vena is Excel based, users feel more comfortable with it. There is less resistance to the change and less of a learning curve upon implementation. Second, Vena does not require constant and ongoing consulting time. Our customers are self sufficient with making changes to the model and templates. Third, Vena has an organized workflow process and status tracker. It allows the FP&A team to see where all contributors are in the process. In addition, the FP&A team is not trying to collect numerous Excel sheets via email or shared locations. Fourth, Vena has excellent audit capabilities. The solution audits data saves in cells and changes to templates (with the ability for comparison to prior versions). It's built in to the solution, which means there is no need to exhaustively dig through log files. It's just a few clicks!
  • Auditing is something Vena does extremely well. There is the ability to see data changes and template changes with just a few clicks. Most technologies have audit log files, which can be cumbersome to navigate.
  • Drilling to details is a feature available to users. A user can view all the general ledger transactions for a particular account, department, time period, etc. just by clicking on the intersection in Excel and using the Vena toolbar button Drill -> Transactions.
  • Comments and Attachments allows users to add a comment and/or insert an attachment such as a PO, invoice, or receipt for example. This way the contributor and reviewer can easily see the justification and support for a number that has been planned. It's all in one place and means there is no need to email the support as a separate file.
  • In Report Books, the option to run reports as PDF would be helpful.
  • In Report Books, the option to add more than one report to the book would be extremely useful. Currently, users receive multiple emails because we can only have one report per book.
  • In Report Books, the ability to output files to a directory rather than sending them via email would be a nice enhancement.
Overall, Vena has many great features and functions, and the Vena team is constantly improving the solution. The only scenarios where Vena is lacking is spreading data from a parent member to children. This can be accomplished with Vena, but it's a little more involved compared to other technologies.
Based on customer feedback, Vena Solutions is supported across their organizations.
November 27, 2020

Fantastic product!

Mani Alkhafaji, CA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Initially we started using Vena among the FP&A team, then slowly started rolling it out to other departments. We have just completed our 2021 budget cycle and we have a range of departments across the organization using it to prepare their budgets, including: operations, IT, HR, finance, CSR, and other G&A departments.
  • Data integrity through database.
  • Standardized templates.
  • Workflow and delegation of approval.
  • Traceability and drill down functions.
  • Continue improving template performance and speed.
  • Improvement on dashboards.
Vena is perfect for anyone who wants to retain the flexibility and user adaptability of Excel, yet improve data integrity and utilize a database platform.
Jeremiah Adrian Howard Ross | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
There are various uses for Vena as well as financial analysis for the month-end mainly, we can establish advanced and detailed budget criteria. In addition, the data visualizations are very light and detailed, resulting in good access to financial data information, budgets, analysis, and we managed to complement and adapt solid strategies with our ERP system and its connection with Vena Solutions. We have only had a few delays in understanding all the features because not all users are EXCEL experts.
  • Optimal connection with our ERP system.
  • We perform detailed month-end analyzes to optimize our budget requirements.
  • Good data spectrum to model and map in Excel.
  • It is overwhelming for inexperienced users.
  • It takes a while to load the templates.
  • It can improve much more, but they are not serious problems that cannot be solved with a little training to all users.
I can recommend it because it can connect very well with our ERP system and this is a great advantage. In addition, Vena Solutions allows us to optimize our entire financial and budget system, which generates a positive ROI after the first few months using it. It is true that it is complex for many users, but this problem is solved simply with training, so I do not consider that the difficulty of using it is a serious problem.
Cuenta con cierres de mes detallados y con buena y amplia información que nos permite desarrollar e innovar otras áreas de trabajo. Tengo el deber de informar que el soporte de Vena Solutions cumple con nuestros más altos estándares. Puedo comunicarme rápidamente con sus expertos si alguna función de Vena me resulta difícil. Esto es algo que realmente aprecio y creo que lo convierte en un producto maravilloso. Hay más virtudes que fracasos.
It is a product that is well integrated and very easy to use for my entire team. Vena Solutions is really easy to use and no help from technical support is necessary because the functions are very simple. Vena Solutions does not require technical experience to be able to use it fluently.
Vena Solutions can be implemented in all the departments that we need, we would honestly carry out the implementation with immediate help from technical support because they give us confidence and know what is the best strategy to implement it and we know that with the technical support team we would save more than Half of the time. Vena Solutions can only be scalable if we are experts or requesting help, I think it is better with technical help.
Charlotte Byrne Brown | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
We use Vena Solutions in many departments. We have always had knowledge of Excel, so we quickly get used to using this software. We are always on the lookout for any unforeseen unforeseen people who are not familiar with spreadsheets, but with ongoing training and existing Vena tutorials, we are happy that the data is being recorded without a hitch.
  • Professional platform, pleasing to the eye of the user.
  • Great facility to unify team members in the cloud.
  • Quick communication with technical support, no matter if the problems are not resolved--they attend quickly and I like that.
  • We have consulted with team members and agree that the Vena Solutions team should think of something to improve and unify project management.
  • It takes time to create complex templates.
  • I would like to have a smaller configuration at startup.
I recommend it without thinking twice because Vena is one of the best to keep a good budget control. It is predictive, maintains control of accounts and creates the best solutions for financial data recording problems. Vena Solutions is the most reliable budgeting software on the market today and that is why I feel very confident recommending it to all businesses.
When we need to contact technical support, the response is always quick. We like it very much because we know that we are important as customers. They recognize our need and try to resolve it positively.
Vena Solutions has very easy-to-use tools for all users, it only has a complex configuration, but after solving this problem with Vena Solutions' technical support team, we can use all the functions without problems.
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.
October 16, 2020

Easy to deploy

Score 3 out of 10
Vetted Review
Verified User
Review Source
Our business department heads are responsible for their budgets. So we are using this across the whole organization with our Corporate Accounting Department coordinating the activities with the administrators to execute the workflows. It resolves the issue of emailing and receiving back numerous Excel files and working tediously to be sure that everything is updated in the correct order.
  • Uses Excel as the primary user interface.
  • Allows business users to create templates and pull out the data easily.
  • Provides some reporting about when tasks are late.
  • Needs better reporting on the status of tasks.
  • Should notify users when they have a past due task.
  • Does not work well if you have too much data (intersection points).
  • Hard to audit user security when you have 200+ users.
  • Difficult to manage a large process with many activity blocks.
This is a great solution for a smaller to mid-sized company that does not have a large number of data points (tens of millions). Using Excel as the primary user interface helps with change management because users are already comfortable with that tool. It is less appropriate for very large companies, as there can be performance issues. And if you have a large number of users (100+) it becomes cumbersome to audit the security and manage the processes with that many tasks.
The help desk has been very responsive when we have reached out. But the implementation team brought the score down. We are now having to re-work some of the templates because they were not initially created with the most efficient methods. We are frustrated that time is being spent to make these updates when Vena's team created them.
We have many tasks and each has to be manually updated. This allows for nice customization but makes the administration of these tasks cumbersome as there are so many for us to manage and update. There is not great audit tools for us to review that everything was set up correctly. It has a great visual workflow so that you can see the structure of tasks leading to review but you must double click on each one to review the details. It does provide a table view of this visualization but that becomes cumbersome to try to audit. It is hard to restart tasks as the processes have to be paused (preventing the users from saving/updating data) before we can restart a particular task. The end user is not able to see the workflow and does not know who submitted the task. However, if the individual templates are set up well, it makes it easy for the users to update/view the data.
Zahid Khandoker | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
We are using Vena Solutions for Senior Leadership to provide budget information on a quarterly basis. Also, the finance department uses it for daily reporting. Having all the data centralized in one spot helps us generate reports much quicker than before.
  • Centralized Database where all the data is converted into your data model instead of the accounting software.
  • Workflow Management where input processes and review processes are predetermined.
  • Predetermined caritas for budget requirement.s
  • More detailed instruction manual to build personalized reports.
  • Live chat bar.
  • Daily Backup
All financial analysts will find Vena useful to be able to customize accounting data to any data model.
Instant support and around the clock feedback.
Very easy to use however no safeguards incorporated incase of errors.
Radu Cocos | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
We use Vena Solutions to facilitate our annual budgeting and quarterly forecasting processes. With Vena, we were able to develop more flexible and dynamic input templates; for instance Vena operators which allow to hide or show rows and columns. We were also able to benefit from a quick consolidation process where we can see the results from different entities in seconds.
  • Dynamic functionalities in Excel
  • Fast consolidation
  • Scalable solution
  • Difficult to use if not an Excel pro
  • Mapping data points can be time consuming
Vena Solutions is well suited for companies that are looking for a dynamic ERP solution. The interface is well designed and relatively easy to use. Developing templates requires proficiency in Excel as well as a good understanding of how the database works. Vena works very well for the budgeting process; we have found it less useful in the month-end cycle.
Vena has a knowledge center with plenty of useful information (description of functionalities, case studies, FAQs) as well as a customer service ticket-based system. Customer Service is always responding promptly.
October 13, 2020

Such a Time Saver

Score 9 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions has helped us to implement a tool efficient enough to visualise the business data and process being done in our organization. We were able to create visual information from huge piles of raw data in the form of dashboards and reports in a fraction of the time that we used to do before. It has made us more agile and has also helped the business stakeholders greatly as they no longer need to rely on an IT team for statistics, once the initial setup is done.
  • It has helped us cut down our time to categorising and organising data.
  • With the help of Vena Solutions we no longer need to maintain a version control across different users.
  • The tool is easy to use for even a non IT professional.
  • A few more tutorials for users on how to use not so common features would be helpful.
  • The performance of the tool needs to be improved, a lighter version would help.
  • The initial setup needs to be made a bit more simple.
Vena Solutions was highly efficient when we wanted to search data for finer details such as the business statistics for a specific day or so, but while searching for a similar statistics report ranging across multiple dates it became a bit tiring as we needed to download and work on multiple files.
Although the initial setup for Vena Solutions was pretty difficult, they helped our team throughout the whole setup process and answered all our queries as soon as they could. Every time we raise a request or an issue with the support team, they respond back instantly and follow up periodically till our issue gets solved.
Their tool automatically recognises the crucial facts for the business such as budgeting, planning, resource and presents it in a dynamic presentable format in the dashboard which also gets updated in real time. It has filters which can be used to dial down to the required facts and focus on the data for the necessary section.
Score 10 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions is being used for budget and monthly analysis. My company is planning to broaden the range of the software globally for standardized budgeting.
  • Ability to connect to source data
  • Allows for quick analysis and internal development and enhancements of reports
  • Easy end-user interface with Excel functionality!
  • Internet access required to use the software but this is inevitable in our technological age.
Vena Solutions is well suited for companies that rely heavily on Excel. By creating standardized input forms and reports the user can feel confident that the Excel connections are correct and can be trusted.

Furthermore, with different users, access data can be well protected or shared as needed.
Always prompt and available at all hours of the day.
Very user friendly and easily customized by users within the organization with help form Vena support
October 13, 2020

Vena Solutions Review

Shelley Chen, CPA, CGA | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
We implemented Vena Solutions last year. It is being used across the whole organization.
  • Standard across the organization
  • Central control
  • Departments own their plans
  • Learning curve
  • As a small finance team, building the model was not easy
The workflow feature in Vena Solutions that will remind the appropriate team member for the due date is amazing. It works so well and is so easy to use and powerful. However, mapping data points can be time-consuming.
Vena Solutions support is always helpful and provides extra resources. There is a lot of self-learning though.
It is great when the reports are all set up during the implantations, but after reports updates involve a little bit more technical side.
Score 7 out of 10
Vetted Review
Verified User
Review Source
We are using Vena Solutions to project budgets, generate, and analyze our financial statements. Every department head has access to it in order to provide their inputs into the Budget. This minimizes the creation of multiple spreadsheets per department and saves time by streamlining the whole process. Producing the financial statements used to be a largely manual process and was prone to mistakes as a result. Vena's model has centralized the mapping to produce quicker and more accurate results. It is a major time saver for our overall month-end process.
  • Easy integration into MS Excel as an Add-In.
  • Organizes data into blocks that can be quickly modified to view data from multiple angles.
  • Knowledge base with both customer input and professional advice that can help with troubleshooting.
  • Vena is data driven. Without another software, you can not issue financials statements with an MD&A.
  • Inputs into Vena are helpful, but it can be complicated to build that into a template for updating by end users.
This is a good third party software that works to integrate data from an ERP to a manageable and easily modifiable excel format to generate budgets and financials.
From initiate setup to going live, Vena's customer representatives and technicians have proven to be responsive and enthusiastic in getting our company up and running. They have been patient with our questions and frustrations and worked to troubleshoot issues that have come up.
The software has been very well designed to easily leverage off user's preexisting excel skills. This greatly lessens the learning curve making it easy to navigate and use.
Score 1 out of 10
Vetted Review
Verified User
Review Source
Vena is being used as an enterprise budgeting and forecasting tool. It is primarily used during the budgeting season, but more recently, we are attempting to expand its use beyond the primarily yearly budgeting process. It addressed the largely spreadsheet based budgeting used prior to the introduction of Vena, which was difficult to manage.
  • Reasonably good Excel interface
  • Use of a dimensional style model was a good concept
  • Cloud-based tenants in theory minimize the amount of administration
  • The tool uses at least four different query and data manipulation languages, once you get your data to the tool. All of which are proprietary, limited flavors of other languages (such as SQL and MDX).
  • The use of a MongoDB back end has resulted in the ongoing use of floats for numeric data storage. This works fine if you are budgeting at a high level. However, if you are leveraging their transaction-level features, you will see divergence due to the inherent issues of floating point being unable to precisely represent decimal values.
  • There is very little community documentation around the tool, and the documentation provided by the vendor is sparse, poorly written, and often out of date or just plain wrong. This extends to their sample code as well
  • There is currently no direct way to feed data from your source system databases. The primary method is dumping data to flat files and either executing the uploads manually through the web UI or wrapping a java-based CLI with Powershell or windows batch for local execution. There is also a preview of a logic app if you have Azure as part of your infrastructure
Vena may be fine for a department or very small organizations. However, it is not an enterprise class tool. There is a reason they tend not to sell through IT or provide open access to their documentation and knowledge base (always a red flag in my opinion). A non-production tenant is not provided as part of the package. There is also only limited functionality for migrations between tenants. Migrating within a tenant is also challenging. There is no version control capability across the tool, and its own versioning is scattershot within it. Integrations have no version control at all, and some of the components code cannot even be copy-pasted to roll your own. I have resorted to copy-paste for scripts and accessible code, along with screenshots (yes, seriously) for other components with inaccessible code.

Additionally, integrations largely rely on the naming conventions of the objects. So even though there are folder structures, two objects in different folders cannot have the same names. This results in manual code changes when migrating from a non-production to a production model.

That said, the web interface isn't bad, and neither is the Excel add-in. The pieces your business users will see during the sales cycle. Excel-based reporting is robust. Web-based and ad-hoc reporting relies on Microsoft Power BI, licensed separately.
I will give Vena credit for at least trying and being initially responsive. However, it is clear that their attitude toward development is cavalier. We have engaged them both via helpdesk and on consulting engagements. The solutions provided are often given without proper testing, resulting in significant time spent on back-and-forth to get issues resolved, or fixing the code yourself. There does not seem to be much in the way of process or project management on their side for customer engagements.
This is split between usability from an end-user perspective and administrative.

Administrative - The tool is lacking in a cohesive way to administer the tool, both from more of a back-end perspective (ETL/Integrations, scripting, etc.) as well as from a business administrative (Processes, Models, etc.). On the more back-end IT related aspects, the tool is a mishmash of modules that were clearly developed in stovepipe fashion. Basic feature/functionality aspects such as version control, auto vs manual save, etc. differ between the code preparation components. It is also lacking in any sort of coherent version control. Not all pages display the context information, so extreme caution must be used. There is also no coherent migration strategy. The process and model navigation has been somewhat challenging for our business administrators, often requiring assistance from Vena when creating or altering templates. 2 of 10

End User - This is better. The Excel add-in generally functions well. Creating basic templates is straightforward, and there is a large degree of flexibility when creating reporting templates. Being part of Excel puts many users into a comfort zone. The toggle switch between template and data mode is not well conceived, and the add-in pop-ups occasionally have issues on multi-monitor displays. 6 of 10

Score 8 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions is being used across the company. It has made dealing with the company's finances much easier and is very easy to use.
  • Finance management
  • Interface
  • Excel-like workspace
  • Takes time to load templates
  • Requires strong Excel knowledge
Vena Solutions suits our needs as a hotel. There are thousands of financial transactions day in and day out, and managing them becomes crucial. The best part about Vena is that it can be used even by interns with minimal training. The Excel-like workspace is great and provides a familiar interface for carrying out basic financial record keeping.
December 14, 2020

Vena - A Godsend!

Score 8 out of 10
Vetted Review
Verified User
Review Source
Currently Vena is being used primarily by the Finance and Accounting department. Senior executives use the tool as a source for financial reports. It addresses problems of disparate spreadsheets and emailing reports. Vena has allowed us to transition to a self-service fully accessible model. We plan to extend Vena for use in inventory management as well as HR related data.
  • Easy to use.
  • Cloud based.
  • Neat yet powerful.
  • Improving minor glitches.
  • Availability for MAC users.
  • Improving Power BI connector to have full seamless version.
Specific scenarios where Vena is well suited would be for financial reporting. Any financial reporting including forecasting/budgeting can be done quickly and accurately using Vena and templates you build. Scenarios where it's less appropriate would be aggregating loads of data to present in concise, user friendly format (Power BI more appreciate).