Skip to main content
TrustRadius
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.

Read more
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. …
Continue reading

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 …
Continue reading

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 …
Continue reading

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 …
Continue reading
Read all reviews

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
Return to navigation

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
Return to navigation

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
Return to navigation

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%
Return to navigation

Comparisons

View all alternatives
Return to navigation

Reviews and Ratings

(307)

Attribute Ratings

Reviews

(101-125 of 213)
Companies can't remove reviews or game the system. Here's why
Andrew McFarlane ✪ | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Vena is used by the FP&A department to manage the annual budget, monthly rolling forecasts, and actuals. It's a tool that helps department heads know the details behind their available budgets so that there are no questions when it comes to "how much do I have left to spend each month." I was able to also build out a cash flow forecasting model that ties to the P&L and HR data so that everything works together and is updated at the same time. It's a tool that has helped with variance analysis and catches errors, excess spending, and improve our view into what is happening financially for the company.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We used Vena in our financial reporting department at a large bank with hundreds of departments. Vena was used throughout the whole organization and helped us tremendously to consolidate numbers obtained from numerous teams. Without Vena, it would be very difficult and time-consuming to collect financial information at such a large organization.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
NAMI uses Vena for preparing our annual budget, forecasting throughout our fiscal year, and reporting relevant financial data to individual departments. We also use Vena to create the financial statements we provide to NAMI's Board of Directors. Every department across the organization uses Vena for budgeting and forecasting. Finance and Accounting is the primary user for reporting purposes.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We currently use Vena for Financial Reporting and Forecasting. We have over 70 departments and are easily able to send reports to each department head with the click of a button and have them submit changes back to us. What used to take us over a whole day of compiling reports and emailing them out manually, now just takes the click of a button. It has tremendously improved our forecasting process. We are able to track any change made by any user also.
January 06, 2022

Vena is great!

Score 9 out of 10
Vetted Review
Verified User
Incentivized
We used to do our modeling in Excel, but now we use Vena. It's used by two departments; one to manage it (Initiatives team) and update it and one (client managers) that uses it for budgeting, forecasting, and presentations. It makes it a lot easier to budget and forecast for our clients by creating model-wide updates when needed. That way people don't need to remember to make updates individually. Our team member has actually done a ton of work to customize it exactly how we need it, so it's nice that Vena has those capabilities.
December 14, 2020

Vena - A Godsend!

Score 8 out of 10
Vetted Review
Verified User
Incentivized
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 27, 2020

Fantastic product!

Mani Alkhafaji, CA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
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.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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.
November 26, 2020

Vena for Excel lovers

Score 9 out of 10
Vetted Review
Verified User
Incentivized
- 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.
Score 10 out of 10
Vetted Review
ResellerIncentivized
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!
October 21, 2020

Supercharge Your Data

Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
Jeremiah Adrian Howard Ross | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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
Incentivized
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.
Score 6 out of 10
Vetted Review
Verified User
Incentivized
We use Vena to facilitate our budgeting process. As this touches on all departments, it is used by department heads across the company. As a budgeting tool, Vena eliminates version control issues, and is able to integrate with our accounting ERP to bring data over easily.
October 16, 2020

Review of Vena Solutions

Score 9 out of 10
Vetted Review
Verified User
Incentivized
We provide implementation services for Vena Solutions as a partner consulting firm and have successfully transformed financial management processes for many of our clients already. The most common processes are Financial Budgeting/Forecasting and Reporting, including detailed models for Demand and Revenue Planning, HR planning at Employee and Position level, Capex Planning, and different reporting packages for scenario analysis and variance comparisons.
Score 7 out of 10
Vetted Review
Verified User
Incentivized
We are using Vena Solutions to project budgets, generate, and analyze our financial statements. Every department head has access to it in order to provide their inputs into the Budget. This minimizes the creation of multiple spreadsheets per department and saves time by streamlining the whole process. Producing the financial statements used to be a largely manual process and was prone to mistakes as a result. Vena's model has centralized the mapping to produce quicker and more accurate results. It is a major time saver for our overall month-end process.
October 16, 2020

Easy to deploy

Score 3 out of 10
Vetted Review
Verified User
Incentivized
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
Incentivized
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
Incentivized
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.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Vena is used in our organization for FTE planning. Before we used Excel and now with Vena we have a monthly cycle with the Vena workflow functionality. It is mainly used in our team of consultants to plan colleagues on our projects to create more insight in things like availability, revenue, etc.
October 13, 2020

Such a Time Saver

Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
Return to navigation