Vena

Vena Reviews

Customer Verified
Top Rated

Do you work for this company? Learn how we help vendors

Ratings and Reviews
(1-25 of 118)

Companies can't remove reviews or game the system. Here's why
Austin Lee | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
It is very well suited in management of finance and budgetary plans that run across our company. It enables our planning teams to compile effective reports--on time--that we use to make decisions. The interface is able to create flow charts that show our performance and the plans we can have in place to make improvements on resource management.
Score 10 out of 10
Vetted Review
Verified User
Review Source
Any organization that has the same P&L for multiple business units would benefit greatly!
Franchises, etc are a perfect fit.
Any organization that has multiple shadow systems in Excel can all be brought together in Vena.
Hotel management would be a great fit!
Reits and other infrastructure companies would be a great fit!
Score 10 out of 10
Vetted Review
Verified User
Review Source
Vena is well suited for companies of all sizes as the tool is very scalable to your business size. It performs exceptionally well in an environment that is currently using an excel based solution, as the users will be familiar with the tool and can use existing knowledge to develop robust reporting.
Score 10 out of 10
Vetted Review
Reseller
Review Source
Overall, Vena has many great features and functions, and the Vena team is constantly improving the solution. The only scenarios where Vena is lacking is spreading data from a parent member to children. This can be accomplished with Vena, but it's a little more involved compared to other technologies.
Tanay Pahwa | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Review Source
Vena is certainly very well suited for financial purposes. It is good for creating financial reports, financial budgets and modelling. It reads transactions deeply which helps reduce time overall and reduces the burden greatly for the finance department. It is comparably easy to use which makes it a better choice over others.
Score 8 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions suits our needs as a hotel. There are thousands of financial transactions day in and day out, and managing them becomes crucial. The best part about Vena is that it can be used even by interns with minimal training. The Excel-like workspace is great and provides a familiar interface for carrying out basic financial record keeping.
December 14, 2020

Vena - A Godsend!

Score 8 out of 10
Vetted Review
Verified User
Review Source
Specific scenarios where Vena is well suited would be for financial reporting. Any financial reporting including forecasting/budgeting can be done quickly and accurately using Vena and templates you build. Scenarios where it's less appropriate would be aggregating loads of data to present in concise, user friendly format (Power BI more appreciate).
November 26, 2020

Vena for Excel lovers

Score 9 out of 10
Vetted Review
Verified User
Review Source
Well suited for teams with a strong knowledge of Excel and skills to admin a data base.
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.
October 21, 2020

Supercharge Your Data

Score 9 out of 10
Vetted Review
Verified User
Review Source
Vena allows for ease of complex reporting. Vena can implement with Power BI, another software crucial to our business. Vena allows finance to involve our operations staff especially in the budgetting process. It formalizes the budgetting process and adds ownership to it. We've been able to speed up our yearly budget process to deliver more effective budgets and save many man hours with manual work.
Jeremiah Adrian Howard Ross | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
I can recommend it because it can connect very well with our ERP system and this is a great advantage. In addition, Vena Solutions allows us to optimize our entire financial and budget system, which generates a positive ROI after the first few months using it. It is true that it is complex for many users, but this problem is solved simply with training, so I do not consider that the difficulty of using it is a serious problem.
Charlotte Byrne Brown | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
I recommend it without thinking twice because Vena is one of the best to keep a good budget control. It is predictive, maintains control of accounts and creates the best solutions for financial data recording problems. Vena Solutions is the most reliable budgeting software on the market today and that is why I feel very confident recommending it to all businesses.
October 16, 2020

Easy to deploy

Score 3 out of 10
Vetted Review
Verified User
Review Source
This is a great solution for a smaller to mid-sized company that does not have a large number of data points (tens of millions). Using Excel as the primary user interface helps with change management because users are already comfortable with that tool. It is less appropriate for very large companies, as there can be performance issues. And if you have a large number of users (100+) it becomes cumbersome to audit the security and manage the processes with that many tasks.
Radu Cocos | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions is well suited for companies that are looking for a dynamic ERP solution. The interface is well designed and relatively easy to use. Developing templates requires proficiency in Excel as well as a good understanding of how the database works. Vena works very well for the budgeting process; we have found it less useful in the month-end cycle.
October 13, 2020

Such a Time Saver

Score 9 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions was highly efficient when we wanted to search data for finer details such as the business statistics for a specific day or so, but while searching for a similar statistics report ranging across multiple dates it became a bit tiring as we needed to download and work on multiple files.
Score 10 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions is well suited for companies that rely heavily on Excel. By creating standardized input forms and reports the user can feel confident that the Excel connections are correct and can be trusted.

Furthermore, with different users, access data can be well protected or shared as needed.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Vena is able to streamline our budget reporting process, as we are able to provide standardized reports to different stakeholders with increased accuracy and level of detail. The templating solutions it provides means we can create up to date reports without having to allocate massive amounts of resources, opening us up to client ad-hoc requests and improved analysis.
Aaron Andersen | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Vena is perfect when you can't work within a cookie-cutter budgeting system; when you have developed complex Excel budgeting/planning models that can't be duplicated in other affordable systems. Vena is right when you need enterprise-level customization, but don't have enterprise-level resources. Vena is right when you're an Excel wizard and have already figured out solutions to your modeling challenges in Excel, but you need the consistency and control of a database in the cloud. Vena is the wrong choice if you hate troubleshooting models and logic. Vena is unnecessary if your organization aligns neatly with competing products' case studies. Vena is perhaps not ideal if you need a turnkey implementation.
May 14, 2020

viva VENA!!!

Score 9 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions currently is best suited for FP&A team and Accounting. We deal with all the company's numbers and analysis. I don't think it will help in the Marketing Department. For sure, it can work its way to be usable and helpful with the Sales Department (Sales Numbers), IT Department (trouble tickets opened closed) and Human Resources (Employee #'s) because they deal with numbers as well.
Score 8 out of 10
Vetted Review
Verified User
Review Source
Vena is perfect for maintaining a view of financial data against KPIs and targets as well as predicting the impact of business decisions over time. Once you have set a report up, you can update it with relative ease. While Vena is perfectly capable of running ad-hoc analysis creating an initial report can be tedious but the results outweigh the time taken.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Vena is well suited for up to date financial forecasting that is based on regular data input, being able to import figures from multiple sources automatically has been a real benefit. We are now more confident in our insights and can complete analysis in the knowledge that no stone has been left unturned. It has improved the accuracy of our forecasting and saved time while doing it.

Vena Scorecard Summary

Feature Scorecard Summary

BI Standard Reporting (3)
81%
8.1
Pixel Perfect reports (30)
84%
8.4
Customizable dashboards (44)
78%
7.8
Report Formatting Templates (46)
81%
8.1
Ad-hoc Reporting (4)
82%
8.2
Drill-down analysis (83)
85%
8.5
Formatting capabilities (81)
77%
7.7
Integration with R or other statistical packages (33)
82%
8.2
Report sharing and collaboration (73)
83%
8.3
Report Output and Scheduling (4)
84%
8.4
Publish to Web (42)
79%
7.9
Publish to PDF (56)
79%
7.9
Report Versioning (61)
88%
8.8
Report Delivery Scheduling (59)
91%
9.1
Data Discovery and Visualization (3)
80%
8.0
Pre-built visualization formats (heatmaps, scatter plots etc.) (47)
79%
7.9
Location Analytics / Geographic Visualization (34)
78%
7.8
Predictive Analytics (38)
84%
8.4
Access Control and Security (4)
88%
8.8
Multi-User Support (named login) (79)
91%
9.1
Role-Based Security Model (79)
85%
8.5
Multiple Access Permission Levels (Create, Read, Delete) (81)
91%
9.1
Single Sign-On (SSO) (53)
85%
8.5
Mobile Capabilities (2)
80%
8.0
Responsive Design for Web Access (45)
81%
8.1
Dashboard / Report / Visualization Interactivity on Mobile (42)
79%
7.9
Budgeting, Planning, and Forecasting (5)
81%
8.1
Long-term financial planning (102)
81%
8.1
Financial budgeting (108)
83%
8.3
Forecasting (105)
81%
8.1
Scenario modeling (98)
77%
7.7
Management reporting (106)
81%
8.1
Consolidation and Close (7)
80%
8.0
Financial data consolidation (85)
79%
7.9
Journal entries and reports (64)
69%
6.9
Multi-currency management (64)
76%
7.6
Intercompany Eliminations (60)
85%
8.5
Minority Ownership (43)
77%
7.7
Local and consolidated reporting (70)
92%
9.2
Detailed Audit Trails (92)
85%
8.5
Financial Reporting and Compliance (5)
86%
8.6
Financial Statement Reporting (95)
82%
8.2
Management Reporting (98)
86%
8.6
Excel-based Reporting (103)
90%
9.0
Automated board and financial reporting (77)
94%
9.4
XBRL support for regulatory filing (33)
78%
7.8
Analytics (6)
88%
8.8
Personalized dashboards (69)
81%
8.1
Color-coded scorecards (51)
87%
8.7
KPIs (60)
96%
9.6
Cost and profitability analysis (65)
96%
9.6
Key Performance Indicator setting (63)
91%
9.1
Benchmarking with external data (47)
80%
8.0
Integration (3)
80%
8.0
Flat file integration (86)
87%
8.7
Excel data integration (93)
93%
9.3
Direct links to 3rd-party data sources (83)
60%
6.0

What is Vena?

Vena Solutions is a platform that connects people, process and technology to propel integrated business planning, boasting ease of use, reporting and analytics, and a connected platform of applications covering the full spectrum of FP&A—from account reconciliation and budgeting to scenario modeling, analytics and consolidation. The vendor states more than 800 companies around the world rely on Vena to measure and learn from their past performance and to plan confidently for a successful future.

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 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

Corporate Dashboard - Financial AnalysisIncome StatementBalance SheetCash Flow StatementWorkflow Status TrackerWorkflow - Financial Budget ProcessOperation Expenses - Predictive AnalysisAllocations DashboardWorkforce - Personnel PlanningCapital Expense PlanningRevenue and Sales PlanningCorporate Dashboard - Workforce PlanningOperational Expenses - Drill through analysisOperational Expenses Planning - Input Excel template

Vena Videos

Introduction to Vena Complete Planning
Introduction to Budgeting in Vena Complete Planning

Vena Downloadables

Vena Integrations

Vena Competitors

Vena Pricing

Vena Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)19%
Mid-Size Companies (51-500 employees)55%
Enterprises (more than 500 employees)26%

Vena Technical Details

Deployment TypesSaaS
Operating SystemsUnspecified
Mobile ApplicationYou 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 CountriesUnited States of America, Canada, United Kingdom, Australia, South Africa, Europe
Supported LanguagesVena 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.

Frequently Asked Questions

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.

What is Vena's best feature?

Reviewers rate KPIs and Cost and profitability analysis highest, with a score of 9.6.

Who uses Vena?

The most common users of Vena are from Mid-size Companies and the Accounting industry.