Vena
Top Rated
Vena
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.
Read moreRecent Reviews
How Vena Differs From Its Competitors
Awards
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Popular Features
View all 46 features- Excel-based Reporting (160)9.393%
- Financial budgeting (168)9.191%
- Forecasting (162)9.090%
- Management reporting (165)9.090%
Reviewer Pros & Cons
View all pros & consVideo Reviews
1 video
Vena Review: Proves To Be Financial Management Solution For Handling Multiple, Complex Accounts
03:21
Pricing
View all pricingProfessional
N/A
Cloud
per year
Complete
N/A
Cloud
per year
Entry-level set up fee?
- Setup fee optionalOptional
For the latest information on pricing, visithttps://www.venasolutions.com/resources…
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting / Integration Services
Product Demos
Intro to Vena Complete Planning
01:54
Intro to Budgeting in Vena Complete Planning
03:34
Vena for SaaS - Financial Reporting and Reporting Made Simple
01:11
Vena for Banks and Credit Unions - Budget, Forecast and Plan With Confidence
01:08
Features
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Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is Vena?
Vena is a Native Excel Complete Planning Platform used for budgeting and forecasting, for business leaders and finance and operations professionals.
Vena boasts users among more than 1,350 companies such as Nike, Coca-Cola Consolidated and the Kansas City Chiefs. In addition, Vena works with over 100 Partners.
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
Introduction to Vena Complete Planning
Introduction to Budgeting in Vena Complete Planning
Vena for SaaS - Financial Reporting and Reporting Made Simple
Vena for Banks and Credit Unions - Budget, Forecast and Plan With Confidence
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 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.
Reviewers rate KPIs highest, with a score of 9.6.
The most common users of Vena are from Mid-sized Companies (51-1,000 employees).
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
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Attribute Ratings
Reviews
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November 28, 2022
Intuitive and efficient reporting/modelling
Vena is being used by the Finance department to produce monthly management reporting including financials and KPIs. Primarily, it is the central source for all management information. Additionally, we produce flash forecasting and are building out all of our financial reporting within it.
- Versatile reports that interact directly with the data cube
- Concurrent editing of information ensuring version control
- Robust backup allowing roll back of data and model
- Restore deleted models
- Duplicate tabs in a report to a new section and block
November 02, 2022
Vena - Great, versatile and effective FP&A solution
Vena is being used as an FP&A solution, consuming accounting ledger and other ad hoc KPI data to produce various pieces of consistent management information packs / decks and other pieces of analysis. Such outputs/models input: 1. MTP / Budgeting 2. Workforce planning 3. Management Information packs 4. Board packs 5. Ad-hoc analysis
- Data visualisation
- Consistent Finance outputs
- Easy read/write interface with the data cube
- High ROI / value proposition
- Integration to older accounting software
November 02, 2022
New Implementation for Budgeting
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.
October 29, 2022
VENA is good but don't over complicate things.
VENA is used within Finance as a tool for Management Account reporting; its also used as Budgeting and Forecasting tool to consolidate the figures from multiple teams and pull together useful reports for the Management team. We also use it for Payroll to log hours to check the status of the traincrew hours.
- It consolidates the figures.
- It produce useful information for Traincrews Hours.
- It transfers employees from one dept to another within the budget.
- It would be useful if we could have UK support (to avoid time issues).
- For the system to have checks to ensure data validity.
October 28, 2022
Vena makes sharing financial statements easy.
We used Vena as a powerful tool to share and facilitate financial statements across the entire company. From sharing balance sheets, income statements, and cash flow, and devising templates in order to pull in budget information across the organization's departments, Vena has made it easy to organize the flow of information contribution from our entire organization.
- Organize Budget Input.
- Make financials accessible to users.
- Data permissions make read restrictions scoped.
- Vena experts are also financial experts.
- The knowledge base is easy to use and understand.
- It's is not easy to get an agent for immediate help.
- adding licenses should be on the website.
- Available lectures should be more apparent.
October 28, 2022
My Vena review.
Dear Folks, Vena is used in my whole organization as a product sales tracker; we have all sales records in it, including the upcoming projects, etc. We can easily manage and track the record of our business as per SKUs, brands, and therapy areas. It is linked to our different project management software to keep all data in line. I would suggest Vena come up with more formulas and be more automated so that new users can easily understand the process of downloading the reports and the entire Vena system. Regards, Nagma
- Perfect incremental formulas and sumtotal.
- Easily downloadable.
- Data accuracy.
- No glitch.
- Should improve in downloading the reports for new users.
- Should come up with more formulas to make files more accessible.
- Should adapt more features to get differentiated.
October 27, 2022
Vena Solutions for immediate insights
We are a consulting company formerly called The DB Group and we implement solutions to clients using Vena. We also teach the client how to use it for them to keep maintaining and adding new templates/processes. We are currently implementing it on our new parent company, Citrin Cooperman. It has helped organize data internally and get much more insights.
- Automate templates and reduce human error when reporting
- Making the budgeting process better and less time consuming
- More time to the finance team means they can add more value to their company
- Process standardization
- Mac Users. They are now including Mac Users using Vena 365 but there is room for improvement
- Global Files could have Process Variables and the ability to be restored to previous versions
- Integration folders could be duplicated. Not just channels
Vena is currently only in use for the Finance Department, and it has been an immense help. We are able to break out every individual expense by product line automatically, all month-end reporting is completely automated, staff and revenue projections now update automatically, and we can do a rolled-up view or detailed view in any report within Vena depending on the detail needed with only the click of a button. We are rolling out Vena to other department heads this quarter, and I am excited to see where else it can help.
- Update actuals automatically.
- Forecast individual expenses.
- Maximize detail and value of a single number with Zoom/Drill.
- Flexibility to create anything we need internally.
- I'd like to have notes sections that are tied to specific departments, similar to how expenses are mapped. I did make one anyway, though, so if anyone needs guidance on this, I am happy to help!
October 26, 2022
VENA tool for FP&A.
VENA is used as a financial reporting and consolidation tool. Primarily for GL data but expanding to other uses in the organization (i.e., Human Resources, Sales Team). VENA is really powerful at consolidating the different data from the different data sources and ERP systems, consolidating in one place for easy reporting and analysis of financials.
- Consolidates data from different financial systems.
- Allows for drill down of data, as well as consolidation of data.
- Creation of different data models, and consolidation of those models within VENA.
- The process for checks and balances can be improved, especially when it comes to consolidation.
- Support community where users can ask and find answers from other users.
Vena is being used for budgeting, forecasting, management reporting and board reporting across the whole organisation
- Agile planning
- Version control
- Workflow management
- Issues with installation of desktop excel add-in
- Web based reports/dashboards
October 25, 2022
Vena is a great tool for your company, it offers many more than what you can expect!
We use Vena for everything on our organization, all the way from FP&A on the corporate side to time tracking for every individual. Every single one of us has to use Vena at least for the time tracking template and the rest use it on a daily basis, be it implementation or whatever is needed from it.
- Great representation of data
- ETL can be done from many different ERPs which is great
- Facilitates data analysis
- Can create many different types of templates (Financial, Labor, Time tracking)
- LIDs I find really confusing because they don't often work on the same way
- Validation rules have issues when you add more than one
- Form block expansion
October 25, 2022
Automates Excel Reports Seamlessly!
Vena is currently being used with our accounting system (Intacct) to both track project budgets and create automated financial reports. Right now it is just being used by the accounting and finance departments, but these reports are circulated to both internal and external users. It addresses the problem of us having to manually create financial statements each month by hard keying items into excel and dual entry by also entering all of our data into a separate budget tracking system.
- Seamless integration with Intacct
- Reports are easy to use in Excel
- Automation of reports saves time
- Reports can be difficult to create without extensive training
- Protecting a sheet to eliminate end user errors is important, but it would be nice to still be able to make cosmetic changes easily
- There is sometimes a delay in opening reports and loading new reports
October 20, 2022
Vena is the Robin to Excel's batman.
We use Vena within our corporate department. This tool is used mainly for our FP&A and has been very helpful in streamlining our process for quarterly and budget reporting. Previously, we have been using Excel to perform our forecast and budget, but we always encountered problems with broken links and were also frustrated with having to update every single workbook in order for us to consolidate our results.
- Flows changes and updates to our forecasts seamlessly where we know the numbers are reflected in all of our reports.
- Ability to create ad hoc custom reports.
- Having the ability to pull different scenarios, periods, and years easily to have comparatives for better analysis.
- Integrated well into excel where you don't feel like you're using a completely different tool.
- Inability to collaborate with a teammate in the input templates.
- Not integrated with word documents which would be helpful for our MD&A report.
October 20, 2022
Vena is a great tool for Budgeting and Forecasting.
Vena has replaced a manual Excel forecast template we used to have in place. It is widely used by the accounting department for budgeting/forecasting and financial analysis and reporting. It is also used by each department to update its quarterly forecast. It has significantly reduced time and errors from the manual process we had in place. We can easily track changes and see who inputted certain data. Vena is very simple to learn and requires little training for the end users since it is basically just like working in Excel.
- Simplified the budgeting and forecasting process.
- Allows end users to run certain reports as needed.
- Significantly reduced time and errors from manual processes.
- Wish there was an option for multiple people to use a check-in and checkout file like a shared file.
- Speed of report writing is not bad but could always use improvement.
- Wonderful product that really does not need many things to improve on in the way that we currently use it.
October 13, 2022
It is fine
Vena is used for Financial reporting, linked to to ERP
- Easy reporting
- Drill Down capabilities
- Separating Departments
- The setup - the product needs to be set up properly to gain full functionality
- Hierarchy isn't always conducive to company hierarchies
- It would be nice to be able to drill down into the ERP detail
October 13, 2022
Vena, ad-hoc for your company.
Vena is an ad hox solution that helps my customers to improve the performance of the processes of reporting, forecasting, and budgeting. The specialized tools of cloud computing, in combination with the flexibility of Excel, make it the most successful tool for my clients.
- Excel functionality for performance management tools.
- Cloud computing.
- Data integration from many sources.
- Some functionalities are limited - minor bugs to improve.
October 11, 2022
Forecasting made easy with Vena
Vena is primarily used by the Financial Planning and Analysis team within the Finance department. Vena was specifically chosen for FP&A due to its capabilities to streamline forecasting needs for the FP&A team and eliminate the need for a multitude of messy Excel workbooks. I primarily use Vena for financial planning and forecasting purposes.
- Eliminate the need for messy Excel workbooks
- Connecting data with ERP system like Oracle for financial data
- Ability to share with multiple different users
- "Contributor" only access limits information transparency and may not help the contributor understand the entire picture
October 11, 2022
Pretty cool
Used by the acct. department to quickly access files and tasks. The task list is very helpful. I mostly use it for keeping track of deadlines and knowing what comes next after a task. Vena also comes with a tab for instructions which provides a little more direction to completing tasks along with SOPs in the excel file. Syncing and downloading to and from Vena can take some time. Vena helps address the problem of managers having to find all the files in the folders and allows everything to be easily accessible by due date.
- Task list
- listing out tasks and who is doing it
- check in files
- UI is clunky
- Downloading files takes long
- ability to communicate
October 08, 2022
Quick and short.
Vena is used for financial reporting and budgeting. The budgeting process involved more than ten departments with at least 30 users.
- Vena is able coordinate budget users through workflow and setting deadlines.
- Financial reporting is done through excel.
- Vena is able to integrate with our custom software.
- There is a steep learning curve for new users.
- Interface can be more user friendly.
- Need more help to address mapping issues on reports.
October 08, 2022
Efficient scenario generator.
Vena is the corporate planning software used across the organization. It is used widely across the entire company and provides a great way to roll things up to a corporate level. The audit trail and control make it very easy to track and make sure that the different versions are explainable and can be communicated clearly to the executive team.
- Roll ups.
- Capture inputs.
- Easy to see the end product.
- Takes time to extract information.
- More insurance specific metrics.
- Simpler user guide.
October 07, 2022
In dept review of Vena from daily use.
We use Vena for forecasting and developing strategies. Our IT and Business Analyst team along with Sales/Marketing team use this platform the most.
- Helps in managing demand and connects with Power BI
- Let's us review Forecast and multiple users are able to upload it in the same time.
- Pull reports and prepare strategy for both short term and long term.
- Get automatic notifications for pending task.
- I get frequent errors while check in of the file.
- Vena Tab in MS Excel doesn't provide any information.
September 22, 2022
Vena Review
It is mainly used for our finance and accounting team for budgeting and internal reporting.
- Versatile
- Maps various data sources
- Drag & drop functionaility
September 22, 2022
Easy to use and maintain, all the stakeholders in the business love it!
Vena is been used in our day-to-day management of the business. It has allowed us to have full transparency of our business with one source of truth. We also use it for consolidating and reporting our financials internally and externally. Vena has made it much easier for forecasting, budgeting, and modeling the business.
- Control of Month-end close
- Drill down of accounts
- Consolidating
- Controls of users and users group
- Allow to flip the sign on balances
- Easier copying and pasting of a whole sheet and the mapping
September 22, 2022
Vena - Cannot be compared!
Vena is being used currently by our Finance and Accounting team.
- Consolidation
- Integration
- Planning/Budgeting
- Support
- Export features
- Business Intelligence
September 22, 2022
Good product overall!
FP&A team manages; Budgets & reporting / analysis across company
- Flexibility
- Adaptability
- Excel Add-In support
- Lacking modeler flexibility
- Mappings time consuming
- Speed of intersections