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
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Finance-Informed Decisions
Full-Cycle Support
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
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
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
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
1 video
Pricing
Professional
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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.
- 6.8Integration 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
(26-50 of 214)- Automation
- Audit control
- Workflow management
- Mapping is nuanced and difficult
- Loading of sheets is slow
- Clearly explaining the differences between product offerings and linkages
Vena has been a great resource
- The way it connects data contributors, analysts, and data consumers so there is only one source of truth to maintain
- So far it has been very easy to get non-technical employees comfortable enough with Vena to use it effectively as a contributor
- Documentation and training resources for Vena have been very helpful
- I have some frustrations with the limits of Vena as it is used in Excel. For example, if contributors filter or sort tables in input forms it often causes issues with the dimension mappings.
- Vena appears to limit it's connections to Microsoft products. It could be useful to be able to connect to other software.
- Some aspects of modeling in Vena are very manual, and options to make changes to multiple members at a time is limited.
- Ease in presentation formatting
- Handles complicated excel calculations
- Allows our company to have consistent reports through out all departments
- Additional training or insite into expressions or calculations
- Allow all windows/lists to be sorted and be able to add other attributes
- Do not require having to create a process flow
Vena in Insurance - Finance and Accounting
- Reconciliations
- Financial reporting
- Ad hoc reporting
- Problem-solving (to easily chase down details for variances/etc)
- Creating and customizing reports can be time-consuming on the front end.
- The sections and blocks can be difficult to grasp to many end-users (seem duplicative).
- More standardized best practices templates would be helpful.
Vena-ease
- Able to create user friendly reports
- Able to drill on expense details easlily
- Are able to track progress of quarterly reconciliations
- Input template mapping or locking and unlocking rows
A great time saver that offers many benefits
- Data centralization
- Time Saver
- Dashboards and KPIs
- Budgeting and Forecasting
- Workflows
- A little heavy in setup time BUT better to have it setup correctly the first time!
Don't expect to plug and play with this product. There is a need for some personalization depending on your business. All things considered the implementation process is still very quick.
Growing experience
- generating standard monthly reports
- creating financial comparisons over multiple periods
- organizing data in a simple form with the option to "drill down" to get additional information
- automate live updating of information.
- create an "app" feature instead of accessing vena through a webpage.
- more descriptive outline of errors when uploads failed.
- creating dynamic reports used on a recurring basis
- organizing workflow of complex tasks
- building complex reports in an easy and manageable way
- difficult implementation process
- errors when importing from 3rd party software
Good platform
- Vena allows contributors to make live changes, and its powerful data management capabilities make it easier for the finance team to track and consolidate budgeting data.
- Improving Forecasting Accuracy: Utilize analytics and forecasting models
- training and resources: need more training and recourses to utilizes powerful functions in vena
- Excel based financial statement
- System integration
- Data Visualization
- More access to additional reporting
- Support from community and other users
- System speed
Vena review
- enable alternative hierarchies
- end presentation format acceptable for executive reporting
- integration with Excel functionalities
- Cannot see any visual identifiers (like blue fonting) to mark where drilldown is possible
- Rendering speed could be improved (only able to effectively load 3 years of transaction history)
- Building complex reports needs IT support
- Budgeting process is made easy
- Workflow process allows for better integration
- Documentation and ability to develop, share and revert templates.
- It is easy to destroy templates through incorrect use
- If any changes are made to files where mapping is affected, it severely and negatively affects the running of the file.
Vena - On the Surface Level
- Summarization of consolidated information.
- Ease of use.
- Time-Saving.
- More customization available to the user (user can explore options).
- software implementation process should be faster.
- A summary of all the functions available for use by the user.
Vena Solutions Review
- Consolidation - have saved so many hours by not having to manually consolidate spreadsheets
- Audit trail history - we were able to find out who made a change that was questionable
- Drillable feature that allows our users to drill into the details of financials
- Ease of use
- Sometimes the templates are a bit complicated to use and could be a little bit more straightforward if all the dimensions are defined in the workbook.
- I would make the security easier to use.
- Helpdesk
Must have system for FP&A professionals
- Budgeting and forecasting
- Financial reporting
- security and privacy
- Flexibility
- Can't think of anything
It might not be very cost-efficient to implement Vena if you're a very small company. But you should think of an FP&A system once your business can afford it.
It allows us to create a multi-cube structure and this is what I like most about Vena Solutions.
- We use it for SOX compliance.
- Daily and monthly financial analysis.
- It allows us to create a multi-cube structure.
- Long learning curve.
- If you manage to overcome the long learning curve you will no longer have any problems.
Mid-size company user of Vena
- Ease of use, very intuitive
- Dynamic and flexible for the various business needs
- Drill features allow total visibility from a roll up down to a ledger transaction.
- HR module is not as seamless as the financial side
- System processes can be limiting at times
- Developers can be slow to react to an issue
Subledger detail from a sub system is best suited to be researched on that platform. Vena can give you the end product or even some detail in the middle. However, true lower-level detail is suited for your other systems.
- 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
Intuitive and efficient reporting/modelling
- 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
- Great user interface to build data models and interact with the cube directly from Excel
- Can build and automate the reporting and forecasting process
- Version control processes and data input
- Allows user input from various groups across the organisation in standardised format
VENA is good but don't over complicate things.
- 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.
Vena makes sharing financial statements easy.
- 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.
My Vena review.
- 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.
Vena Solutions for immediate 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 tool for FP&A.
- 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.
- Agile planning
- Version control
- Workflow management
- Issues with installation of desktop excel add-in
- Web based reports/dashboards