Vena

Vena Reviews

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Ratings and Reviews
(1-25 of 118)

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Score 10 out of 10
Vetted Review
Verified User
Review Source
  • They are continually investing in the software.
  • They listen to their customers and incorporate their feedback.
  • They are fully engaged in their customers obtaining the maximum benefit from the software.
  • Their customer support team is very responsive and technically sound.
  • The introduction of Vena365Connect will solve a major weakness in the software as it will create a platform-agnostic environment allowing Mac users to finally use Vena to its full potential.
  • I would like to see more integration and more support with BI tools. They currently integrate with Power BI but beyond the bridge to link it, its really up to the customer after that. Easy linking to Tableau would be phenomenal.
  • More partner arrangements with clients to develop APIs for larger ERP systems to allow for the real time transfer for data into Vena.
  • Improved mobile experience for tablets.
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • It is a familiar feeling as it uses excel as the front end.
  • The ability to develop reports in house makes the tool very flexible.
  • Powerful consolidation tool which allows for easy distribution of information.
  • Performance can be slow once reports get too complex.
  • Per user pricing can get expensive if users are not using the tool for a wide variety of purposes.
Score 10 out of 10
Vetted Review
Reseller
Review Source
  • Auditing is something Vena does extremely well. There is the ability to see data changes and template changes with just a few clicks. Most technologies have audit log files, which can be cumbersome to navigate.
  • Drilling to details is a feature available to users. A user can view all the general ledger transactions for a particular account, department, time period, etc. just by clicking on the intersection in Excel and using the Vena toolbar button Drill -> Transactions.
  • Comments and Attachments allows users to add a comment and/or insert an attachment such as a PO, invoice, or receipt for example. This way the contributor and reviewer can easily see the justification and support for a number that has been planned. It's all in one place and means there is no need to email the support as a separate file.
  • In Report Books, the option to run reports as PDF would be helpful.
  • In Report Books, the option to add more than one report to the book would be extremely useful. Currently, users receive multiple emails because we can only have one report per book.
  • In Report Books, the ability to output files to a directory rather than sending them via email would be a nice enhancement.
Jeremiah Adrian Howard Ross | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Optimal connection with our ERP system.
  • We perform detailed month-end analyzes to optimize our budget requirements.
  • Good data spectrum to model and map in Excel.
  • It is overwhelming for inexperienced users.
  • It takes a while to load the templates.
  • It can improve much more, but they are not serious problems that cannot be solved with a little training to all users.
Charlotte Byrne Brown | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Professional platform, pleasing to the eye of the user.
  • Great facility to unify team members in the cloud.
  • Quick communication with technical support, no matter if the problems are not resolved--they attend quickly and I like that.
  • We have consulted with team members and agree that the Vena Solutions team should think of something to improve and unify project management.
  • It takes time to create complex templates.
  • I would like to have a smaller configuration at startup.
December 14, 2020

Vena - A Godsend!

Score 8 out of 10
Vetted Review
Verified User
Review Source
  • Easy to use.
  • Cloud based.
  • Neat yet powerful.
  • Improving minor glitches.
  • Availability for MAC users.
  • Improving Power BI connector to have full seamless version.
November 26, 2020

Vena for Excel lovers

Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Flexibility and easy to use, mostly thanks to Excel.
  • Easy access for users to high level financial information and detailed transactions.
  • Planning functionalities (full budget and rolling forecast).
  • Workflows.
  • Integration with other software.
  • Technical glitches.
October 16, 2020

Easy to deploy

Score 3 out of 10
Vetted Review
Verified User
Review Source
  • Uses Excel as the primary user interface.
  • Allows business users to create templates and pull out the data easily.
  • Provides some reporting about when tasks are late.
  • Needs better reporting on the status of tasks.
  • Should notify users when they have a past due task.
  • Does not work well if you have too much data (intersection points).
  • Hard to audit user security when you have 200+ users.
  • Difficult to manage a large process with many activity blocks.
Zahid Khandoker | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Centralized Database where all the data is converted into your data model instead of the accounting software.
  • Workflow Management where input processes and review processes are predetermined.
  • Predetermined caritas for budget requirement.s
  • More detailed instruction manual to build personalized reports.
  • Live chat bar.
  • Daily Backup
October 13, 2020

Such a Time Saver

Score 9 out of 10
Vetted Review
Verified User
Review Source
  • It has helped us cut down our time to categorising and organising data.
  • With the help of Vena Solutions we no longer need to maintain a version control across different users.
  • The tool is easy to use for even a non IT professional.
  • A few more tutorials for users on how to use not so common features would be helpful.
  • The performance of the tool needs to be improved, a lighter version would help.
  • The initial setup needs to be made a bit more simple.
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Ability to connect to source data
  • Allows for quick analysis and internal development and enhancements of reports
  • Easy end-user interface with Excel functionality!
  • Internet access required to use the software but this is inevitable in our technological age.
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Template creation saves time and increases accuracy.
  • Data drill-down feature provides an incredible level of detail quickly.
  • Excel formulas mean that accounts are accurate.
  • Over time templates that have been used and edited multiple times seem to become slower to populate.
  • The user notification feature to alert users of a report deadline could be improved.
Aaron Andersen | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • Vena provides all the customizable flexibility and advanced calculation that you can squeeze out of Excel because Excel is used as the front-end. You can tailor the reporting and budget templates to your exact needs and leverage your existing Excel skills.
  • Even though you work in Excel, the data is all controlled by a multi-dimensional cloud database. So your work is safe. Changes are auditable, and nobody has to rely on sharing Excel files between each other and tracking the latest version.
  • Vena's workflow system can be extremely simple if that's what you need. Or you can build some fairly complex process flows for any task.
  • While they are working hard to bring the Mac Excel experience up to parity with the Windows Excel experience, it's not there yet. Mac Excel templates can't leverage all the functions that Windows Excel templates can. This is changing; a lot of progress is being made in 2020 on this.
  • Integrations can be challenging to configure and update. Some rely on their own database language that is similar to SQL, but I don't know SQL. I work in Finance. Integrations are the area where I'm most likely to require support.
  • Some of our complex reports run and refresh quite slowly. Especially those that are very multi-dimensional and configured dynamically.
May 14, 2020

viva VENA!!!

Score 9 out of 10
Vetted Review
Verified User
Review Source
  • When refreshing a report with new monthly data for P&L Data after closing month-end closing completed for 1 business unit or more business units, it is FAST at your fingertips, just click a button.
  • For sure, Vena Solutions provides us with the same Vena expert contact to help our team tremendously when we come to a data and reporting roadblock.
  • Vena Solutions integrated very well with our Data and IT teams in terms of implementation and end-user interface friendliness.
  • Vena Solutions has the capability of DRILL-down to the last account or invoice detail line item. It is helpful when you want to know the detail behind that number, for example, Travel Expenses, who, what, when, and how much.
  • Vena Solutions has the CASCADE capability which is helpful when you want to break down the SAME report for the Consolidated Totals into individual business unit totals.
  • I think there should be less time for the keynote speakers at the conferences and more time for instructional sessions. Several of the sessions, the presenters ZIP through so fast because they want to complete by a specific time. I do love the one-on-one 50 minute sessions whether via video or in-person.
  • Vena should continue to find ways to keep using Excel features so that they won't interfere much with performance such as VLookups, Indirect, Offset, etc. They are common and frequent usages in Excel.
  • Vena could write clear and brief usage instructions like examples in the HELP section, much like Microsoft has. Excel has a SHOW TRAINING button in the HELP section.
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • Easy to adopt and use
  • Provides an up to date view as new data is imported into Cube structure
  • Easy integration with our current data solutions platform
  • Report creation can be slow - this is improved when using templates but ad-hoc reports can often be tedious to build.
  • The user notification system could be improved.
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • Revenue projections
  • Profitability analysis
  • Uncovering strategic co-relations
  • Monitoring dashboard could be modernized.
  • More compatibility needed with external reporting tools apart from Microsoft Excel.
  • Automation of report generation could be improved.

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.