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.
Easy to use....
Nimble but Robust Software
Vena Review
Vena - Great, versatile and effective FP&A solution
Great FP&A tool
Happy Vena User.
Vena for Finance and beyond!
Perspective of seasoned Vena adminitrator
Vena! Great for centralizing data and easy-to-use for end users
1. we use for budgeting and forecast twice a year of operating and capital expenses and workforce. I …
Vena Review
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Vote Vena for non profits!
Vena - A Timely, User Friendly Budgeting Solution
Vena has been helpful with our financial reports and budget process
How Vena Differs From Its Competitors
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
The implementation was a bit more complicated as it seems Vena did not have enough resources to support their sales ramp-up at the time.
After that, I have had only great support experience, both with their …
Finance-Informed Decisions
- Thanks to the integration of Vena with our accounting software, users can now directly and independently access the accounting information on a daily basis, at the finest level of information (transactional), which both …
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Excel-based Reporting (194)9.393%
- Financial budgeting (202)9.292%
- Management reporting (199)8.888%
- Forecasting (193)8.686%
Reviewer Pros & Cons
Video Reviews
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Pricing
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Complete
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Entry-level set up fee?
- Setup fee optionalOptional
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Features
BI Standard Reporting
Standard reporting means pre-built or canned reports available to users without having to create them.
- 8.6Pixel Perfect reports(48) Ratings
Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.
- 8.8Customizable dashboards(75) Ratings
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
- 8.7Report Formatting Templates(82) Ratings
Ad-hoc Reporting
Ad-Hoc Reports are reports built by the user to meet highly specific requirements.
- 8.7Drill-down analysis(167) Ratings
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
- 8.4Formatting capabilities(166) Ratings
Ability to format output e.g. conditional formatting, lines, headers, footers.
- 6.9Integration with R or other statistical packages(48) Ratings
Integration with the open-source R predictive modeling environment.
- 8.4Report sharing and collaboration(144) Ratings
Report sharing and collaboration is the ability to easily share reports with others.
Report Output and Scheduling
Ability to schedule and manager report output.
- 9.2Publish to Web(62) Ratings
- 9Publish to PDF(91) Ratings
- 9.1Report Versioning(109) Ratings
Report versioning is the assignment of version numbers to each version of a report to help in tracking.
- 8.7Report Delivery Scheduling(98) Ratings
Report Delivery Schedule is the ability to have reports delivered to a destination at a specific data and time.
Data Discovery and Visualization
Data Discovery and Visualization is the analysis of multiple data sources in a search for patterns and outliers and the ability to represent the data visually.
- 8.5Pre-built visualization formats (heatmaps, scatter plots etc.)(69) Ratings
Pre-built visualization formats are canned visualization types that can be selected to visualize different kinds of data.
- 7.3Location Analytics / Geographic Visualization(53) Ratings
Location analytics is the visualization of geographical or spatial data.
- 8.4Predictive Analytics(59) Ratings
Predictive Analytics is the ability to build forecasting models based on existing data sets.
- 8Pattern Recognition and Data Mining(6) Ratings
Pattern recognition and data mining mean the ability to recognize hidden patterns in large quantities of data.
Access Control and Security
Access control means being able to determine who has access to which data.
- 9Multi-User Support (named login)(157) Ratings
Named model access means that users have access based on name and password.
- 9.2Role-Based Security Model(156) Ratings
Role-based access means that access to data is determined by job or position in the corporation.
- 9.3Multiple Access Permission Levels (Create, Read, Delete)(159) Ratings
Multiple access permission levels means that different levels of users have different rights.
- 9.2Report-Level Access Control(22) Ratings
Report-level access control means that the type of report determines who has access to it.
- 9.2Single Sign-On (SSO)(116) Ratings
Allows users to use one set of login credentials to access multiple applications
Mobile Capabilities
Support for mobile devices like smartphones and tablets.
- 9.2Responsive Design for Web Access(77) Ratings
Web design aimed at producing easy-to-read sites across a range of different devices.
- 8.9Dashboard / Report / Visualization Interactivity on Mobile(66) Ratings
In-app dashboard reports and data visualization.
Budgeting, Planning, and Forecasting
These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning
- 8.7Long-term financial planning(187) Ratings
3-5 year financial plan with cashflow.
- 9.2Financial budgeting(202) Ratings
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
- 8.6Forecasting(193) Ratings
Combining actuals and budgets, rolling forecasts, driver-based models.
- 8.1Scenario modeling(172) Ratings
Financial or operational modeling of alternate future states and planning for each.
- 8.8Management reporting(199) Ratings
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 9.2Financial data consolidation(155) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 8Journal entries and reports(110) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 7.2Multi-currency management(103) Ratings
Ability to handle foreign currency conversions during consolidation.
- 8.2Intercompany Eliminations(102) Ratings
Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.
- 8.6Minority Ownership(66) Ratings
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
- 8.5Local and consolidated reporting(134) Ratings
Ability to report against individual business entities and the consolidated umbrella entity.
- 8.9Detailed Audit Trails(161) Ratings
Tracing changes to data and processes that were run.
Financial Reporting and Compliance
Financial statements and regulatory filings
- 9Financial Statement Reporting(180) Ratings
Creation and production of balance sheets, income statements, cash flows, other schedules
- 8.7Management Reporting(185) Ratings
Tools facilitating creation of internal ad hoc or standard reports.
- 9.3Excel-based Reporting(194) Ratings
Ad hoc or formatted reports using MS Excel.
- 8.8Automated board and financial reporting(139) Ratings
Tools to help automate creation of regulatory reports such as SEC filings and board books.
- 6.4XBRL support for regulatory filing(45) Ratings
Support for the XBRL standard reporting format for exchanging financial data.
Analytics and Reporting
Dashboards and scorecards for KPI monitoring and benchmarking
- 8.4Personalized dashboards(121) Ratings
Create custom dashboards and reports without the help of IT or administrators.
- 8.9Color-coded scorecards(90) Ratings
Track and analyze performances with interactive, color-coded balanced scorecards.
- 8.9KPIs(105) Ratings
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
- 7.9Cost and profitability analysis(116) Ratings
Cost and profitability analysis provides data for business decision making.
- 9.1Key Performance Indicator setting(103) Ratings
Ability to set key performance indicators for measuring progress towards goals.
- 8.8Benchmarking with external data(77) Ratings
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Integration
Ability to integrate with external applications.
- 9.4Flat file integration(156) Ratings
Integration of flat files like text documents and comma separated files
- 8.8Excel data integration(180) Ratings
Ability to integrate directly with Excel data.
- 8.9Direct links to 3rd-party data sources(143) Ratings
Integration with external applications like ERP, CRM, HCM
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
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 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
(307)Attribute Ratings
- 8.6Likelihood to Renew18 ratings
- 8.8Availability6 ratings
- 8.5Performance6 ratings
- 9Usability25 ratings
- 10Support Rating95 ratings
- 8.9Online Training3 ratings
- 9In-Person Training3 ratings
- 7.5Implementation Rating4 ratings
- 8.2Configurability3 ratings
- 8.8Product Scalability6 ratings
- 8.9Ease of integration3 ratings
- 8.9Vendor pre-sale3 ratings
- 8.8Vendor post-sale3 ratings
Reviews
(101-125 of 214)Vena Makes Building and Sharing Reports Easy
- Creating new reports easily
- Displaying data that updates daily
- Allowing data to be drilled down
- Easier integration with PowerBi
- Faster load times
- Quicker ways to map multiple sheets
FP&A Software with Endless Possibilities
- Budgeting.
- Variance Analysis.
- Detail Transactional Drill Downs.
- Forecasting.
- Reporting.
- More standard reports.
Great Automation Tool for Data Consolidation
- 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 Has Saved Me A Lot of Time
- 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.
Vena is perfect for Budgeting and Forecasting
- 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.
Vena is great!
- 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.
Vena – Upgrade Your Excel Budgeting, Forecasting, and Reporting
- Budgeting
- Forecasting
- Financial reporting
- Administration can be complex
- Configuration can limit features
- Not as highly customizable as some other systems
Financial solutions with Vena
- Financial reporting
- Easy to use
- Poor interface
- Costly
Deployment of Vena Solutions in Hotels
- Finance management
- Interface
- Excel-like workspace
- Takes time to load templates
- Requires strong Excel knowledge
Vena - A Godsend!
- Easy to use.
- Cloud based.
- Neat yet powerful.
- Improving minor glitches.
- Availability for MAC users.
- Improving Power BI connector to have full seamless version.
Fantastic product!
- 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 - finally time to analyze my data
- 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 for Excel lovers
- Now used for monthly reporting with monthly distribution of financial reports to users, analysis of results by finance, preparation of presentations for internal and external purposes.
- Currently implementing a rolling forecast.
- Flexibility and easy to use, mostly thanks to Excel.
- Easy access for users to high level financial information and detailed transactions.
- Planning functionalities (full budget and rolling forecast).
- Workflows.
- Integration with other software.
- Technical glitches.
It is really well suited for an organization with a limited volume of data but I could see how the system would become slower and more difficult to manage for a company with many entities, large amount of transactions, etc.
Vena Solutions Rocks and Keeps Getting Better!
- 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.
Supercharge Your Data
- Ease of Use
- Intuitive
- Time Savings
- Reporting Capabilities
- Learning Curve
- Some Rigidity
- UI for non-financial users
- 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.
With Vena Solutions, efficiency is in our hands.
- 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.
Great value for money software, if the value adds are fully understood in advance and the implementation is planned and executed well.
- Consolidated all budget inputs into various reports.
- Once setup, it's easy for department heads to input their budgetary inputs.
- The system's UI is a bit complicated and will take time to become familiar with.
- Any significant changes will need to be handled by Vena's implementation team, which will incur additional costs.
- As of May, 2020, Vena is not very compatible with Apple Computers.
Review of Vena Solutions
- Financial Modeling
- Integration Capabilities
- Workflow Management
- Pre-configured Calculations
- Standardization of interface
- Cross-platform experience
- Detailed Excel-based financial models/reports
- Advanced-data modeling requirements
- Multiple processes
It is inappropriate for:
- Those who lack Excel knowledge or want to move away from Excel
Vena wins with low learning curve and ease of use.
- 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.
Easy to deploy
- 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.
Vena has transformed my entire process.
- 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
Great tool for forecasts and budget
- Dynamic functionalities in Excel
- Fast consolidation
- Scalable solution
- Difficult to use if not an Excel pro
- Mapping data points can be time consuming
- Flexibility
- Front end in Excel
- Cloud based
- Easy user adoption
- It can be too much Excel in some cases.
- Real-time calculations with really really big data sets can have performance issues.
Great software in one platform
- Competitive pricing
- Wide adoption
- Professional support
- Unable to try before you buy