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Vena

Vena

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.

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Recent Reviews

Easy to use....

10 out of 10
March 13, 2024
Incentivized
Vena is currently being used by the Finance department with a potential to extending usage further out to other teams in the organization. …
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Vena Review

9 out of 10
March 09, 2024
Incentivized
We adopted Vena for the preparation of our 2024 budget. Previously we were using Excel spreadsheets, but needed a more streamlined …
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Great FP&A tool

10 out of 10
January 05, 2024
Incentivized
Vena is a fantastic tool for any organization and the Vena implementation team is really helpful. I think its a money well invested for …
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Vena Review

6 out of 10
December 29, 2023
Incentivized
Vena is being used on a day to day business to support any ad-hoc requests from the finance/accounting side and constantly updating …
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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

View all 48 features
  • Excel-based Reporting (194)
    9.3
    93%
  • Financial budgeting (202)
    9.2
    92%
  • Management reporting (199)
    8.8
    88%
  • Forecasting (193)
    8.6
    86%

Reviewer Pros & Cons

View all pros & cons

Video Reviews

1 video

Vena Review: Proves To Be Financial Management Solution For Handling Multiple, Complex Accounts
03:21
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Pricing

View all pricing

Professional

N/A

Cloud

Complete

N/A

Cloud

Entry-level set up fee?

  • Setup fee optional
    Optional
For the latest information on pricing, visithttps://www.venasolutions.com/resources…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services
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Features

BI Standard Reporting

Standard reporting means pre-built or canned reports available to users without having to create them.

8.7
Avg 8.0

Ad-hoc Reporting

Ad-Hoc Reports are reports built by the user to meet highly specific requirements.

8.1
Avg 8.3

Report Output and Scheduling

Ability to schedule and manager report output.

9
Avg 8.2

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.

8.1
Avg 7.6

Access Control and Security

Access control means being able to determine who has access to which data.

9.2
Avg 8.7

Mobile Capabilities

Support for mobile devices like smartphones and tablets.

9.1
Avg 8.0

Budgeting, Planning, and Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning

8.7
Avg 8.3

Consolidation and Close

Consolidation of data from multiple entities with currency management, reporting and audit trails.

8.4
Avg 8.0

Financial Reporting and Compliance

Financial statements and regulatory filings

8.5
Avg 8.2

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

8.7
Avg 8.0

Integration

Ability to integrate with external applications.

9
Avg 8.3
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Product Details

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

Screenshot of Operation Expenses - Predictive AnalysisScreenshot of Allocations DashboardScreenshot of Vena Add InScreenshot of Power BI DashboardScreenshot of Revenue and Sales PlanningScreenshot of Corporate Dashboard - Workforce PlanningScreenshot of Operational Expenses - Drill through analysisScreenshot of Operational Expenses Planning - Input Excel templateScreenshot of Operational Expenses - Drill through analysisScreenshot of Operational Expenses Planning - Input Excel template

Vena Videos

Introduction to Vena Complete Planning
Introduction to Budgeting in Vena Complete Planning
Vena for SaaS - Financial Reporting and Reporting Made Simple
Vena for Banks and Credit Unions - Budget, Forecast and Plan With Confidence

Vena Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
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

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.

Workday Adaptive Planning, Prophix, and Planful are common alternatives for Vena.

Reviewers rate Flat file integration highest, with a score of 9.4.

The most common users of Vena are from Mid-sized Companies (51-1,000 employees).

Vena Customer Size Distribution

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

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Reviews and Ratings

(307)

Attribute Ratings

Reviews

(1-1 of 1)
Companies can't remove reviews or game the system. Here's why
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We currently use Vena for all our reporting and forecasting needs. We replaced our Excel forecasting template with a Vena template. We are very pleased with the consolidation help the software provides and recently decided to have all of our raises and reviews done in Vena, which allowed for significantly more visibility on the data integrity.
  • 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
We were able to build a template for information we wanted to be consolidated on our own because the Vena Solutions system is so user-friendly.
Budgeting, Planning, and Forecasting (5)
88%
8.8
Long-term financial planning
90%
9.0
Financial budgeting
100%
10.0
Forecasting
80%
8.0
Scenario modeling
80%
8.0
Management reporting
90%
9.0
Consolidation and Close (4)
90%
9.0
Financial data consolidation
80%
8.0
Journal entries and reports
90%
9.0
Local and consolidated reporting
90%
9.0
Detailed Audit Trails
100%
10.0
Financial Reporting and Compliance (4)
92.5%
9.3
Financial Statement Reporting
90%
9.0
Management Reporting
90%
9.0
Excel-based Reporting
100%
10.0
Automated board and financial reporting
90%
9.0
Analytics and Reporting (6)
93.33333333333334%
9.3
Personalized dashboards
90%
9.0
Color-coded scorecards
100%
10.0
KPIs
90%
9.0
Cost and profitability analysis
100%
10.0
Key Performance Indicator setting
90%
9.0
Benchmarking with external data
90%
9.0
Integration (3)
96.66666666666666%
9.7
Flat file integration
100%
10.0
Excel data integration
100%
10.0
Direct links to 3rd-party data sources
90%
9.0
BI Standard Reporting
N/A
N/A
Ad-hoc Reporting (4)
100%
10.0
Drill-down analysis
100%
10.0
Formatting capabilities
100%
10.0
Integration with R or other statistical packages
100%
10.0
Report sharing and collaboration
100%
10.0
Report Output and Scheduling (1)
90%
9.0
Report Versioning
90%
9.0
Data Discovery and Visualization (4)
65%
6.5
Pre-built visualization formats (heatmaps, scatter plots etc.)
90%
9.0
Location Analytics / Geographic Visualization
90%
9.0
Predictive Analytics
80%
8.0
Pattern Recognition and Data Mining
N/A
N/A
Access Control and Security (4)
67.5%
6.8
Multi-User Support (named login)
90%
9.0
Role-Based Security Model
90%
9.0
Multiple Access Permission Levels (Create, Read, Delete)
90%
9.0
Report-Level Access Control
N/A
N/A
Mobile Capabilities (1)
90%
9.0
Dashboard / Report / Visualization Interactivity on Mobile
90%
9.0
  • Saved significant man hours during budgeting
  • Improved Reporting
  • Audit trail history is available
After implementation, Vena has a helpdesk that is very responsive and willing to help for any issues that arise.
Our reports that use to take several days to put together now only take minutes and are so much more versatile than they use to be.
Price, but also felt less limited.
This area has significantly improved in the last few years. The helpdesk is very good about reaching out and getting tickets closed.
Very easy to use. I would like to see Vena templates work if all dimensions are defined on the page.
25
Operations, finance, and analysis.
3
Reporting and Analysis
  • Forecasting
  • Reporting
  • Consolidation
  • Custom Template for Raises
  • Operations Custom Dashboard
  • Capital Budgets
  • Additional Dashboards
Ease of use, consistently accurate, never have issues with the website - just an all around wonderful product.
Yes
Excel - extremely manual
  • Cloud Solutions
  • Scalability
  • Integration with Other Systems
  • Ease of Use
All of the above
I would not change the evaluation/selection process.
  • Implemented in-house
No
Change management was a small part of the implementation and was well-handled
  • timing
We had a very good plan going in and that was very helpful. The Vena team was amazing with their suggestions and helping us stay on track.
  • Online Training
  • In-Person Training
  • No Training
Trainers made sure we were very comfortable with the product.
N/A
Yes, not too difficult to learn.
Very configurable.
Check your templates!
No - we have not done any custom code
None.
No, honestly rarely need support.
No
Vena went above and beyond when we were having syncing issues caused by internal IT when we upgraded our server, but the Vena team went above and beyond to make sure we got set up correctly and accurately.
  • Security
  • Workflow
  • Ongoing support
  • Templates can get complicated if not well designed
Very Scalable.
Never have issues, but in the rare case we do, Vena is there to help.
No lags in refreshing, never have issues with the website.
  • Dynamics GP
Dynamics GP - process was abandoned
  • Operational websites
Not in the plan.
  • File import/export
  • ETL tools
Very easy to integrate.
none.
Very easy to use.
Always available!
payment terms.
Communication.
No
  • n/a
  • I would like to see comments roll up to the summary level
No
No
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