Vena

Vena Reviews

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Ratings and Reviews
(1-25 of 118)

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Austin Lee | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions is used across our organization to manage our resources and our entire finance budget. We are able to get effective data that we use in planning and making clear decisions on our development programs. It has a great user interface that can be easily customized to fit our needs. The strong database has given our data management team an easy and flexible data integration environment.
Score 10 out of 10
Vetted Review
Verified User
Review Source
We use Vena for all budgeting, forecasting and 95% of Financial Reporting with the remaining 5% to be introduced in Q3 of 2021. Prior to Vena, our budget process was very manual and financial reporting cumbersome and and in some instances, non-existent. Vena has been transformational for Saint Mary's. We have reduced our budget cycle from Months to Weeks and our Executive review time from weeks to days. In addition, we use Vena to improve financial processes for month end close, reducing cumbersome activities from days to hours or minutes, and perform deep analysis. We have dramatically reduced or eliminated time to compile information and have instead repurposed that time to perform more value-added analysis. Vena has been used to identify ineffective pockets of budget allocation and allowed us to reallocate those pockets to more strategic needs. We are currently expanding the use case beyond the FInance office to include Enrolment Projection and Faculty accreditation. Since first becoming a Vena customer in 2014, the software has received continuous enhancements and it continues to get better each quarter. In short, we love it!
Score 10 out of 10
Vetted Review
Verified User
Review Source
Vena is being used at our company as a financial reporting and consolidation tool. We have entities around the world, and tool helps us commonize and consolidate financials. We also use the tool to distribute various reports related to human resources, pricing, and inventory management. The flexibility of the tool allows for self-service and self-development of reports.
Score 10 out of 10
Vetted Review
Reseller
Review Source
Vena Solutions is a technology that we partner with at our organization. We resell and implement the product for our customers. Our customers range from hospitality, health care, project management, manufacturing, and others. There are several big business problems that Vena addresses. First, everyone loves Excel and people are reluctant to change. Since Vena is Excel based, users feel more comfortable with it. There is less resistance to the change and less of a learning curve upon implementation. Second, Vena does not require constant and ongoing consulting time. Our customers are self sufficient with making changes to the model and templates. Third, Vena has an organized workflow process and status tracker. It allows the FP&A team to see where all contributors are in the process. In addition, the FP&A team is not trying to collect numerous Excel sheets via email or shared locations. Fourth, Vena has excellent audit capabilities. The solution audits data saves in cells and changes to templates (with the ability for comparison to prior versions). It's built in to the solution, which means there is no need to exhaustively dig through log files. It's just a few clicks!
November 27, 2020

Fantastic product!

Mani Alkhafaji, CA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Initially we started using Vena among the FP&A team, then slowly started rolling it out to other departments. We have just completed our 2021 budget cycle and we have a range of departments across the organization using it to prepare their budgets, including: operations, IT, HR, finance, CSR, and other G&A departments.
Jeremiah Adrian Howard Ross | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
There are various uses for Vena as well as financial analysis for the month-end mainly, we can establish advanced and detailed budget criteria. In addition, the data visualizations are very light and detailed, resulting in good access to financial data information, budgets, analysis, and we managed to complement and adapt solid strategies with our ERP system and its connection with Vena Solutions. We have only had a few delays in understanding all the features because not all users are EXCEL experts.
Charlotte Byrne Brown | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
We use Vena Solutions in many departments. We have always had knowledge of Excel, so we quickly get used to using this software. We are always on the lookout for any unforeseen unforeseen people who are not familiar with spreadsheets, but with ongoing training and existing Vena tutorials, we are happy that the data is being recorded without a hitch.
December 14, 2020

Vena - A Godsend!

Score 8 out of 10
Vetted Review
Verified User
Review Source
Currently Vena is being used primarily by the Finance and Accounting department. Senior executives use the tool as a source for financial reports. It addresses problems of disparate spreadsheets and emailing reports. Vena has allowed us to transition to a self-service fully accessible model. We plan to extend Vena for use in inventory management as well as HR related data.
November 26, 2020

Vena for Excel lovers

Score 9 out of 10
Vetted Review
Verified User
Review Source
- Primarily use was planning with input from all departments, reviews and approvals by heads of departments, and consolidation and analyses by finance.
- Now used for monthly reporting with monthly distribution of financial reports to users, analysis of results by finance, preparation of presentations for internal and external purposes.
- Currently implementing a rolling forecast.
October 21, 2020

Supercharge Your Data

Score 9 out of 10
Vetted Review
Verified User
Review Source
We currently as using Vena within finance for budgetting purposes. The goal is to expand our usage of the software more into reporting operations. Vena address the challenges we face with our budgetting processes. The budget process is time consuming and our implementation of Vena was primarily to address this challenge.
October 16, 2020

Easy to deploy

Score 3 out of 10
Vetted Review
Verified User
Review Source
Our business department heads are responsible for their budgets. So we are using this across the whole organization with our Corporate Accounting Department coordinating the activities with the administrators to execute the workflows. It resolves the issue of emailing and receiving back numerous Excel files and working tediously to be sure that everything is updated in the correct order.
Zahid Khandoker | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
We are using Vena Solutions for Senior Leadership to provide budget information on a quarterly basis. Also, the finance department uses it for daily reporting. Having all the data centralized in one spot helps us generate reports much quicker than before.
Radu Cocos | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
We use Vena Solutions to facilitate our annual budgeting and quarterly forecasting processes. With Vena, we were able to develop more flexible and dynamic input templates; for instance Vena operators which allow to hide or show rows and columns. We were also able to benefit from a quick consolidation process where we can see the results from different entities in seconds.
October 13, 2020

Such a Time Saver

Score 9 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions has helped us to implement a tool efficient enough to visualise the business data and process being done in our organization. We were able to create visual information from huge piles of raw data in the form of dashboards and reports in a fraction of the time that we used to do before. It has made us more agile and has also helped the business stakeholders greatly as they no longer need to rely on an IT team for statistics, once the initial setup is done.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Vena is used within our business to create regular budgeting reports for any clients that we provide financial consulting to. It has allowed us to create a standardized report format that can be implemented across a number of different business types. We are able to use templates that we have created to regularly update our business reports and share them with our clients. If a client has a specific format or metric they would like included this can be added to their specific template, which really saves time during busy periods.
Aaron Andersen | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
We are using Vena across the entire organization for internal management reporting, monthly variance analysis, budgeting, reforecasting, project Pro-forma planning, and we are building three-year-plan capabilities now. We have separate models for attendance projection, personnel planning, Capex planning, and finally a financial model where it all rolls up, and where non-wage expenses are planned. The small FP&A team manages the platform, and we make everything as self-service as possible for end-users. It is our FP&A system for all but GAAP financial reports.
May 14, 2020

viva VENA!!!

Score 9 out of 10
Vetted Review
Verified User
Review Source
We use Vena in our Financial Planning & Analysis Department in South Florida. We use this tool during our Forecasting and Budgeting times. Currently, I am more in the intermediate stages of more Vena report building and design. I adapted a bit quicker than others because I have many years of advanced Excel and VBA experiences. I am always ready to learn more about Vena's excellent compatibilities with tips and tricks during the yearly conference. Most importantly, I think it helped us a lot with streamlining multiple data sources into one area; and working with other departments such as the Accounting has been easier. Vena has made refreshing a common click practice to bring in new daily/weekly/monthly data in one report FASTER and EASIER.
Score 8 out of 10
Vetted Review
Verified User
Review Source
We are using Vena to provide budgeting and forecasting for our clients. Within my role, Vena is mainly used to create forecasting models and provide analysis to measure the impact of business decisions. With Vena's Excel-based interface it was easy to take our existing knowledge and use this to build upon, safe in the knowledge that our insights our accurate and continue to be data-driven.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Vena is used from both an internal point of view and within our financial consulting division. Its primary use is financial forecasting and the analysis of monthly budgeting reports. We have found Vena to work well within these applications because we are able to standardize our monthly forecasting within an easy to understand report. We were able to hit the ground running with Vena thanks to the Excel-based interface, which has allowed departments that may not use it as regularly as others to adopt it without any problems.
Score 8 out of 10
Vetted Review
Verified User
Review Source
Vena Solutions is used as part of our internal team and works wonderfully. It addresses the strategic planning aspects of our core team. It helps in profitability planning and analysis, even under dynamic automotive market conditions in the automotive sector and other related product launches. The tool has helped the team to come out with profitable products.

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.