Vena

Vena Reviews

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Ratings and Reviews
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November 26, 2020

Vena for Excel lovers

Score 9 out of 10
Vetted Review
Verified User
Review Source
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
Review Source
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
Review Source
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.
Charlotte Byrne Brown | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions has very easy-to-use tools for all users, it only has a complex configuration, but after solving this problem with Vena Solutions' technical support team, we can use all the functions without problems.
October 16, 2020

Easy to deploy

Score 3 out of 10
Vetted Review
Verified User
Review Source
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.
October 13, 2020

Such a Time Saver

Score 9 out of 10
Vetted Review
Verified User
Review Source
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
Review Source
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

Score 10 out of 10
Vetted Review
Verified User
Review Source
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.

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.