Vena

Vena

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Top Rated
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Score 8.7 out of 100
Top Rated
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

My Vena review.

8 out of 10
October 28, 2022
Dear Folks, Vena is used in my whole organization as a product sales tracker; we have all sales records in it, including the upcoming …
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VENA tool for FP&A.

9 out of 10
October 26, 2022
VENA is used as a financial reporting and consolidation tool. Primarily for GL data but expanding to other uses in the organization (i.e., …
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How Vena Differs From Its Competitors

Full-Cycle Support

Vena supported the organization through the sales process and after implementation by offering free web-based training to all users, as well as offering access an extensive knowledge base and a support team which can answer ad-hoc questions. We also chose to procure additional Vena consultant time …
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Finance-Informed Decisions

Yes - Vena has enabled our organization to use financial data to make more agile or rapid business decisions. This was done by allowing drill-downs of data, visualisation and effective automation of standard reports. We're also excited to start using Vena's integration with PowerBI to allow for …
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Full-Cycle Support

I understand the implementation of the system from Brian was good The support we are given from Dario and Jester has been excellent, but as they are in Canada, it has been difficult with time issues.
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Finance-Informed Decisions

After an overnight, it provides us with a budgeted/forecasted revenue and EBITDA number; we are able to look at this against actuals using cost centers and g/ls.
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Full-Cycle Support

Vena experts have continued to support the organization with their guidance and assistance in the development of financial statements. Their role was crucial in developing the initial data cube that would be used to map the dimensions of all the data that would be imported to Vena to transform …
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Finance-Informed Decisions

Vena has enabled our organization to use financial data to be more agile and efficient through its ability to control data read and write access to specific users. By limiting users to reading and writing only certain data, users are not distracted massive financial information that may not be …
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Full-Cycle Support

Vena is the best vendor I've worked with in terms of support. They are constantly at the clients side and they focus on delivering the best after implementation support, not only accomplishing the sale. They really have the clients satisfaction as the most important thing. They are friendly and …
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Finance-Informed Decisions

By organizing a companies data and automating reports linked to graphs and dashboards, Vena will immediately take the data that has been integrated to it and let the finance team look at important KPIs and compare their performance to their last year sales and their budget. In terms of agile …
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Full-Cycle Support

The sales process was amazing. Dylan was so helpful and informative, as expected, but it was better than a typical sales call. It was like being on a call with a friend who is trying to help your company save hours every week. Have any of your friends saved you enough time and money to get …
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Finance-Informed Decisions

One major way we can make more agile decisions is when it comes to near-term projections. Since Vena helps to update actuals rapidly and updated drivers for our forecast, we can go check our cash forecast early in each month to see if anything major has changed. If something did shift, we could …
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Full-Cycle Support

Yes - the support from VENA, both in implementation and improvement, has been top-notch. The expert hour services have been a lot of help when implementing new initiatives or projects. Even learning new features as we go along the way and we learn new ways to implement VENA, the VENA team has been …
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Finance-Informed Decisions

In the past, the data had to be downloaded from the different ERP systems and then manually consolidated and validated in Excel to then be used for reporting and analysis. Excel could only hold so much data, so the multiyear analysis was almost impossible. With VENA, the data collection is more …
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Finance-Informed Decisions

Using excel as an interface enables us to constantly refine forecast templates and reports as we continue to change our business model. No coding or technical knowledge required. As long as you are comfortable working in excel, you can tailor Vena to match your needs
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Full-Cycle Support

We have been working with a third party consulting firm for the Vena implementation and have not needed to rely on Vena's help.
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Finance-Informed Decisions

The vena reports are available through a click of a button and are integrated with our accounting system so we know the reports are accurate. Information is delivered quickly and we do not need to wait for reports to manually be created, updated, and checked to make sure all information is there.
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Full-Cycle Support

We implemented Vena using a consulting company that worked closely with Vena. The implementation process took about 4 months to complete. The consultants were friendly and competent and after our contract was up, we were still able to gain Vena support directly with the Vena support team. They are …
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Full-Cycle Support

They walked us through the whole process and let us know how it would improve our current process. They helped us create reports and let us create our own reports as we were implementing Vena. The integration was very simple and went very smoothly. They check up on us and make sure everything is …
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Finance-Informed Decisions

We feel much more comfortable with our forecasting and budgeting since we are able to spend more time on analysis and review instead of creating templates and verifying and matching numbers. The numbers are more accurate and more reliable now and our management team has much more confidence in the …
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Full-Cycle Support

I am not in a role that deals wit this aspect of the system - we have a dedicated resource that takes this responisbility
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Full-Cycle Support

Vena continues to provide ongoing webinars, support material, and virtual conferences to help individuals leverage the abilities of Vena in relation to their day to day responsibilities. Vena goes above and beyond and caters specific events to help users upskill as well. For instance, Vena not …
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Finance-Informed Decisions

Vena has allowed our organization to prepare monthly reporting packages for our senior leadership team faster but also help fellow team members within the finance team prepare and analyze the financial results faster and more efficiently. Especially useful during the crunch times of month-end …
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Finance-Informed Decisions

All files needed are quick and easy to find so managers and employees can make faster decisions. If there are things that need to be done an employee can quickly choose which task is more important and finish that one faster. Additionally, since the files needed for a task can be found all in the …
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Full-Cycle Support

The vendor has ongoing support where we can log tickets, and we do get a response back the same day or the next. Implementation was smooth but required a lot of user testing to ensure the integrity of the numbers.
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Full-Cycle Support

Yes, the vendor has been supporting the organization through the sales process and after implementation. Our in house IT team has been working with Business Analyst as well so that maximum utilization of the software is achieved. Our IT Director promotes it across the teams and this helps in …
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Finance-Informed Decisions

Yes, Vena has greatly helped in making more agile or rapid business decisions. We always enter data in it for the senior management to review and plan for upcoming investments. It also helps in reviewing lost business and if we need support from the sales to take it up with the customer.
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Full-Cycle Support

They set up quarterly meetings to ensure we are satisfied with the product, how we are using the product and if there is anything to facilitate our growth
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Full-Cycle Support

Vena quickly understood our needs and after explaining one of our biggest challenges (consolidating a newly awarded grant into our operational budgets), was able to create a mockup of the process and demo it for us within a couple of weeks. They also allowed us to test the platform from various …
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Finance-Informed Decisions

One of the major benefits of Vena has been the ability to flexibly make changes across a wide range of users, time zones, and types of input, while also still allowing us to see instantly what is changing. We've had insights into the data and been able to collaborate with our budget and …
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Full-Cycle Support

Had a need for a template build out a year after implementation. Needed this built in 2 weeks while I worked on something else. Using expert hours, the vena team delivered and we forecasted a brand new sales model within 2 weeks' time from data load to reporting. Support post implementation has …
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Finance-Informed Decisions

We constantly change routes, so customers move between locations, and budgets from 6 months ago are no longer accurate at the lowest level. With the API to our ERP, we can easily run a forecast that captures all customer movement and re-align budgets.
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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 46 features
  • Excel-based Reporting (160)
    9.3
    93%
  • Financial budgeting (168)
    9.1
    91%
  • Forecasting (162)
    9.0
    90%
  • Management reporting (165)
    9.0
    90%

Reviewer Pros & Cons

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Video Reviews

1 video

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

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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.

Entry-level set up fee?

  • Setup fee optionalOptional
For the latest information on pricing, visithttps://www.venasolutions.com/preview…

Offerings

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

Would you like us to let the vendor know that you want pricing?

46 people want pricing too

Alternatives Pricing

What is PlanGuru?

PlanGuru is budgeting, forecasting and financial analytics software for SMB's, Nonprofits and the Accountants/ Advisors that work with them.

What is Spoom?

Spoom (formerly Analyza) is a business intelligence solution that is provided by Spoom Software (formerly PIT Business). The vendor provides support services in Luxembourg, Belgium, France, and other parts of Europe. Spoom allows users to: Build several indicators and dashboardsBuild ad-hoc…

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Product Demos

Vena for SaaS - Financial Reporting and Reporting Made Simple
YouTube
Vena for Banks and Credit Unions - Budget, Forecast and Plan With Confidence
YouTube
Intro to Vena Complete Planning
01:54
Intro to Budgeting in Vena Complete Planning
03:34
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Features Scorecard

BI Standard Reporting

8.3
83%

Ad-hoc Reporting

8.3
83%

Report Output and Scheduling

8.7
87%

Data Discovery and Visualization

7.4
74%

Access Control and Security

8.8
88%

Mobile Capabilities

6.8
68%

Budgeting, Planning, and Forecasting

9.0
90%

Consolidation and Close

8.5
85%

Financial Reporting and Compliance

8.4
84%

Analytics and Reporting

9.0
90%

Integration

8.9
89%
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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 Downloadables

Vena Integrations

Vena Competitors

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 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 KPIs highest, with a score of 9.7.

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

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Reviews

(1-20 of 20)
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Score 9 out of 10
Vetted Review
Verified User
Personally, I'd give it a 10, but I know that some users struggle with the need to install an Excel add-in, which isn't usable on Macs. Vena is pushing more and more to develop and expand Excel online functionality, which is a great way to resolve these issues. They're making steady progress each quarter, rolling out new Excel online features and improving usability, but we aren't quite ready to make the jump yet.
November 26, 2020

Vena for Excel lovers

Score 9 out of 10
Vetted Review
Verified User
It is extremely easy to use the software right away because:
- it is Excel-based, so there is little to no learning curve for creating templates and reports
- the admin of the tool itself is very simple and intuitive (processes, workflows, etc)
The downside to that flexibility is the increased risk of human error, which can be mitigated by additional control and check files.
October 21, 2020

Supercharge Your Data

Score 9 out of 10
Vetted Review
Verified User
There is an initial learning curve to Vena, but it's inherit excel platform allows many users to hit the ground running. The learning resources and support are also an effective way to build knowledge. The software also has siloed testing processes for those who are inclined to "tinker" and learn it themselves.
Jeremiah Adrian Howard Ross | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
It is a product that is well integrated and very easy to use for my entire team. Vena Solutions is really easy to use and no help from technical support is necessary because the functions are very simple. Vena Solutions does not require technical experience to be able to use it fluently.
October 16, 2020

Easy to deploy

Score 3 out of 10
Vetted Review
Verified User
We have many tasks and each has to be manually updated. This allows for nice customization but makes the administration of these tasks cumbersome as there are so many for us to manage and update. There is not great audit tools for us to review that everything was set up correctly. It has a great visual workflow so that you can see the structure of tasks leading to review but you must double click on each one to review the details. It does provide a table view of this visualization but that becomes cumbersome to try to audit. It is hard to restart tasks as the processes have to be paused (preventing the users from saving/updating data) before we can restart a particular task. The end user is not able to see the workflow and does not know who submitted the task. However, if the individual templates are set up well, it makes it easy for the users to update/view the data.
Score 10 out of 10
Vetted Review
Verified User
Although we are still very fresh with our experience with Vena Solutions, we believe the usability to be intuitive and consistent with our expectations. I'm sure there are numerous other features we have yet to discover, but so far, we haven't had to crack open user guides, etc to figure something out.
October 13, 2020

Such a Time Saver

Score 9 out of 10
Vetted Review
Verified User
Their tool automatically recognises the crucial facts for the business such as budgeting, planning, resource and presents it in a dynamic presentable format in the dashboard which also gets updated in real time. It has filters which can be used to dial down to the required facts and focus on the data for the necessary section.
Score 1 out of 10
Vetted Review
Verified User
This is split between usability from an end-user perspective and administrative.

Administrative - The tool is lacking in a cohesive way to administer the tool, both from more of a back-end perspective (ETL/Integrations, scripting, etc.) as well as from a business administrative (Processes, Models, etc.). On the more back-end IT related aspects, the tool is a mishmash of modules that were clearly developed in stovepipe fashion. Basic feature/functionality aspects such as version control, auto vs manual save, etc. differ between the code preparation components. It is also lacking in any sort of coherent version control. Not all pages display the context information, so extreme caution must be used. There is also no coherent migration strategy. The process and model navigation has been somewhat challenging for our business administrators, often requiring assistance from Vena when creating or altering templates. 2 of 10

End User - This is better. The Excel add-in generally functions well. Creating basic templates is straightforward, and there is a large degree of flexibility when creating reporting templates. Being part of Excel puts many users into a comfort zone. The toggle switch between template and data mode is not well conceived, and the add-in pop-ups occasionally have issues on multi-monitor displays. 6 of 10

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