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.
A great reporting time-saving tool
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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Vena - A Timely, User Friendly Budgeting Solution
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
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
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
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Full-Cycle Support
Finance-Informed Decisions
Finance-Informed Decisions
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)9.494%
- 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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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.
- 9.4Excel-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.
- 6.3XBRL 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.
- 7.8Cost 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
(76-100 of 214)Saves Time and Headache
- Consolidates data
- Audit trails
- Scenario planning
- Extremely flexible
- Report writing can be clunky
- Template changes are scary
- Nothing really else needs improvement.
- Consolidation
- Management Reporting
- Budgeting
- Forecasting
- No obvious areas for improvement.
- Visualization
- Information import
- Process streamlining
- Multi-system consolidation
- The run/load time on large complex workbooks can require long downtime.
- The Vena upload is run specifically by our tech team and that also has a long processing time.
- The Summit seminars offered by Vena are very helpful, the seminars can be hit or miss either heavy Vena process side or heavy Vena partner presentations.
Vena is a great FP&A solution!
- Complex modeling.
- Audit trail and data lineage.
- Budgeting and forecasting templates.
- Reporting
- Integration to BI (Power BI in particular).
- Deploying on other cloud platforms.
Vena is awesome - just get it
- It's easy for a non-financial person to navigate as a contributor.
- It integrates seamlessly with Excel.
- Our CRM is very responsive and helpful.
- Would like the ability to see data in the user interface.
- Would like fewer clicks to open a file.
Vena's power is worth the effort
- Task Management features are easy to use and easy to track.
- Excel interface allows very easy customization and easy to understand error warnings.
- Vena's knowledge base library can have very high-level explanations of very technical issues, which can make it difficult to understand.
Vena - Financial Future
- The Designer or Process Management tool is great.
- Office 365 integration with GCC.
- Support for Mac products.
Vena - Excel Modeling's Partner
- Dynamic expansion and mapping.
- Integrations with other tools.
- Data and file storage in the cloud.
- Versatile
- Template automation encountering issues due to certain excel functions used.
- Mac users often have issues.
- There should be a built-in option to automatically overwrite actual periods with actual data in forecast scenarios.
- Users must be proficient in Excel to use Vena to its full potential.
Top Notch Support
- Top Notch Support.
- Quick Turnaround times to meet deadlines.
- Familiar tool in using excel.
- Single Sign On.
- More connectors with lessor known ERPs.
Vena is great!
- Modeling
- Reporting
- Analysis
- Integration
- Version history
- More templates
Quick and easy
- Integrating different information.
- Variable process - when you go from one period to the next all reports auto-adjust to the new period.
- Easy to formatting your information.
- The training videos are great, but sometimes asking questions one-on-one would be nice.
- Provide best practice on creating reports with graphs and such.
Customer Review
- Report Building.
- Compatibility
- Easier to pull data.
Game Changing FP&A Platform
- Users enjoy a familiar interface for accessing reporting and budget planning: Excel
- Integrations, ETL, and mappings are very intuitive and the UX is stellar
- No additional cost for adding data cubes/models
- Very flexible, customizable, and scalable
- Filtering is very simple, and they allow you to import line level information so that drill-downs and cascades are simple to do
- It has a native integration to PowerBI which is amazing to get your data visualization up and running in no time
- Native Analytics
- Expanded ETL Functions
- More industry-specific tailored solutions and templates
Very happy with Vena and have not looked back
- Annual budget cycle: across the entire organization.
- Financial reporting on a period basis: deploying across sections of the organization.
- Forecasting: across portions of the organization.
- Consolidation and aggregation
- Full audit trail: Who changed what number when and what was it before the change?
- Version control: One master template deployed across numerous users.
- Faster report creation.
- Post implementation provides periodic review of templates for performance updates.
- Monitor template performance for the time of data calls that drastically increase over time. Investigate and assist the customer with issues consuming your server and the customer's time.
- Internet connectivity backbone can be problematic for users who are used to being on wifi and pick up and move elsewhere in the middle of templates.
Vena makes your planning easy
- Excel embedded
- Easy access via a website
- Sharing with all departments
- Predictive capacity
- More data source connectors
- Ability to input data at every level of the hierarchies
Financial planning
Forecast and rolling forecast
Financial Consolidation
Headcount planning
Salaries follow-up
Sales target
Comprehensive Reporting Tool
- Being able to create useful reporting tools.
- Being able to restrict user permissions.
- Ease of not having to learn a new program because everything is written in Excel.
- To increase the speed of opening files, especially if using LIDS.
Vena is Great!
- Consolidation of multiple entities on varying ERP platforms
- Drives collaboration between functional/operational employees and finance employees
- Vena is easy to use and user adoption is high due to Vena's direct interface with Microsoft Excel
- Dashboard/KPI reporting capabilities within the Vena online experience
- Expand the number of ERPs supported by direct integration
Your imagination at work with Vena!
- Cloud based delivery of information and audit trail.
- Data warehouse approach for gather and report.
- Attribute to conform reporting for audit and outside parties.
- Easy to train, use, and produce useful workbooks.
- Refresher training for current customers.
- Training courses when quarterly changes roll out.
Ven-tastic Experience
- Forecasting
- Analysis
- Strategic Planning
- Reporting
- Data input/Interaction
- Vena's support of Apple products needs improvement
- Mobile device access and support
- Depth of technical knowledgebase articles
Vena's flexibility makes it an incredible FP&A tool, especially in today's ever-changing business environment.
- It's extremely flexible - allowing us to build whatever we want to meet the needs of the end-user and leadership.
- It overlays workflow - no more Excel files being passed back and forth between dozens of emails.
- Data integration - easy to get your data into and out of Vena.
- User experience for the Mac user - this is something they're actively addressing and are currently rolling out a solution for, though we haven't yet adopted the new solution.
- There are a few detailed product enhancements I've recommended. They're typically pretty good about receiving and acting on user feedback, though!
- Vena's Dashboarding feature is not very good at the moment, though I believe there are some new things coming in 2022.
Vena Review
- Access to detailed information
- Data mapping and transformations
- Excel-friendly reports
- Commentary features
- Download time
- Workflow notifications
Flexibility coupled with a great support/implementation team make Vena a great choice.
- Vena's scoping and project management related to implementations is the best I've dealt with by a noticeable margin.
- Vena is a customizable database that's easy to understand, build, and support, we don't utilize our IT department to use or support it.
- Permissioning users are super flexible, if done properly users can only see what they need to see (so they don't get lost in the details).
- The fact that excel is the main interface is underrated, when we force budget owners to use it, it's pretty seamless.
- The export functionality requires writing queries, while they're not difficult it could be improved.
- Data transformation errors out on the first error, so if you have multiple errors you could struggle to fix one, redoing, fixing another, redoing
- Once you've used and iteratively updated your system/use case, the details (sources, destinations, integrations, etc) can be messy, would be nice to have a systematic way to delete things no longer used or transition to a "clean" data model somehow.
Vena Budgeting Review
- Consolidation of large data sets
- Easily limits data access by user
- The ability to change or modify templates quickly
- The quality of their outsourcing partners varies
- Tendency to sometimes overcomplicate the system set up
Vena - Would recommend
- Departmental budgeting roll up
- Financial reportorting
- Ease of use for non-accounting staff
- Too many standard fields in Human Resources module not used by us
Vena drives better budgeting, forecasting and scenario building
- Consolidation of multiple ERP financial data into one reporting tool
- Robust and detailed Budgeting & Forecasting in a timely fashion
- Quick reporting of Sales data
- Better ability to add commentary and provide explanation to the numbers