Vena Reviews and Ratings

Use Cases and Deployment Scope

VENA is primarily used by FP&A. it serves multi purposes: budget, actual, forecast, accounting close and consolidation, HR planning. The department involved include FP&A, Finance, HR and data input from our Business Lines Heads and deputies.

Likelihood to Recommend

Well-suited: Finance, (budget, actual, forecast), what if scenarios, consolidation and accounting close

Less appropriate: nothing in our daily usage

Use Cases and Deployment Scope

Vena is used as a financial planning tool within the finance department. It is used as a tool to standardize report templates. Create input templates that are easy to distribute and consilidate and add workflows to them. In the end this standardization saves time in the budgetting and forecasting process

Likelihood to Recommend

Input of budget figures for a large group of users becomes a lot easier when using a standard template that can't be changed. The necessary reports can be easily distributed via the Vena workflows. Access for users can be set up so that they can only see what they need to. Once all the input is done the figures can be automatically rolled up into a summary sheet.

Use Cases and Deployment Scope

We use Vena in our Finance department. It is used for the preparation of financial statements as well as other financial KPIs, metrics, management reporting, and board reporting. It is also used for forecasting, budgeting, and workforce planning. The platform has allowed us to become much more productive as a finance team, despite only having 1 dedicated finance employee.

Likelihood to Recommend

The platform is very well suited for budgeting/forecasting/workforce planning. Using Vena in those scenarios has made my life significantly easier by eliminating a significant amount of manual work.

Use Cases and Deployment Scope

Used by the whole organization for Budget and Forecating and also for financial reporting. As of now, it is mainly used by the finance department that manages the implementation and will train the rest of the company. We use it to plan workforce and Capital expenditure as well. It helps reduce the number of versions used and shared in the past to create the budget and forecasts.

Likelihood to Recommend

Integration with our NetSuite system makes it easy to use in real time. In the past we were updating financials manually in Excel, now everything is automated. It also makes it easier to share and have multiple people update budget at the same time without risk of losing information and having multiple versions.

Use Cases and Deployment Scope

I use Vena daily in my work, and I find it very user-friendly. It has been a great help to both our Operations and Finance teams. We use it to house all of our month end Excel sheets that we use for input and uploads that integrates with our Accounting software, as well as for our budget process, and all of our financial reporting on all levels. It was very easy to implement with our Operations team, and customer support was always there if we ran into problems. I value the fact that we have all of our reporting in one place. The most crucial problem that Vena is solving for our organization is bringing our outside excel reports into Vena and having the ease of integrating it with our accounting software and it updating in real time.

Likelihood to Recommend

I find it well suited for month end close sheets that we use between our Operations and Finance teams. I also find budgeting very easy. Reporting is easily the #1 for me where it feeds from our accounting software but can be seen and used by our Operations team. It also integrates with other software that we use so that Finance can see details of what Operations inputs.

Use Cases and Deployment Scope

We use Vena for actual financial reporting, annual budgeting, and monthly forecasting. For actual reporting and annual budgeting, the system is used by departments across the company to review expenses and provide input for the upcoming year. The system solves the problem of distributing information, formatting for management reporting needs, and tracking of responses/inputs.

Likelihood to Recommend

Vena is great if your data needs to be manipulated to specific templates and formats for management reporting, for sharing data in a timely manner with end users across the company, and for compiling inputs from multiple users. The versioning and scenario options also make it easy to make iterative changes and track variances as you go.

Use Cases and Deployment Scope

Our finance team using this solution for doing the annual budgeting and financial planning and forecasting. It ensures the data consistency. UI is almost same the excel so that anyone can use with any special training. Easy to integrate with ERP for better productivity and syncing. It allow us to create custom workflow system. It is most using and recommended solution by every organisation. It has inbuilt lots of features like templates and formulas.

Likelihood to Recommend

Vena is super easy for creating reports and financial planning because it is same as to work in excel. It gives the transparency and real time insights. It maintain consistency and boost our productivity.

Likelihood to Recommend

Use Cases and Deployment Scope

We are using Vena across our organization for budgeting, forecasting, financial reporting, dashboarding and data analytics. This includes our operations, marketing, sales, executive and finance teams. We needed a comprehensive tool that could allow efficiency improvements in budgeting/forecasting, financial reporting and also have capabilities for dashboarding and analysis to help us better use our data.

Likelihood to Recommend

Vena has worked really great for us to set up automated financial statements that automatically update each month with no effort. The budgeting process has worked out really well and has strong capabilities for what most organizations need. Their dashboard has a lot of great capabilities, though sometimes requires additional Vena support to set up properly. We like using their account reconciliation tool as a relatively unexpensive add-on, but may not be the best in class among reconciliation tools.

Use Cases and Deployment Scope

I use Vena every day for everything related to financial planning, budgeting and forecasting and a few other things. And a significant part of my job is to roll up individual department budgets and compare short term forecasts to real time actuals directly from our erp. It’s the one place we go to manage all our planning cycles, run reviews and handle variance analysis.

Likelihood to Recommend

If your finance team is excel dependent and constantly dealing with problems in terms of version control or consolidating information, Vena will be a great enhancement. It is a no learning model and fits into the FP&A workflow so that teams do not have to change their excel habits all that much. And it is best for medium and large finance teams who want to do connected planning at scale while keeping excel as simple as possible.