Vena Solutions Reviews

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
144 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.6 out of 100

Do you work for this company? Manage this listing

Overall Rating

Reviewer's Company Size

Last Updated

By Topic

Industry

Department

Experience

Job Type

Role

Filtered By:

Reviews (1-25 of 111)

Helen Coulson | TrustRadius Reviewer
June 04, 2020

A great platform for budgeting and more!

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read Helen Coulson's full review
Aaron Andersen | TrustRadius Reviewer
May 14, 2020

Vena offers power, flexibility, approachability, and value.

Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read Aaron Andersen's full review
Alicia Scappe | TrustRadius Reviewer
May 14, 2020

Vena Solutions Rocks and Keeps Getting Better!

Score 10 out of 10
Vetted Review
Review Source

Pros and Cons

  • 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.
Read Alicia Scappe's full review
jamie Luangaphay | TrustRadius Reviewer
May 14, 2020

viva VENA!!!

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read jamie Luangaphay's full review
Ezra Biffa Cliff | TrustRadius Reviewer
July 08, 2020

We are comfortable with Vena. It is meeting our expectations.

Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • With Vena, we make the best decision on any expense that we have to make since it offers us a good budget analysis.
  • The financial data entry is very accurate because it is unified with Excel and the formulas do not fail.
  • The creation of templates allows us to have all the data in a single database, its storage is safe and it allows us to rest easy.
  • When starting the first setup of Vena in-house, we had to ask the technical support team for help, because it was a difficult thing to do by ourselves.
  • We don't know why some templates when creating them are slow. I would like them to improve that because creating templates is essential to use them, and without that option, Vena would not be successful with us.
Read Ezra Biffa Cliff's full review
Mary Goodridge | TrustRadius Reviewer
June 05, 2020

Vena Solutions Review

Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read Mary Goodridge's full review
Jack Grifiths | TrustRadius Reviewer
June 03, 2020

Great Data Integration

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Easy to use and understand
  • Excellent integration with external data sources
  • Active and in-depth knowledge hub to help get the most out of it
  • Complex features often need support from Vena
  • User setup was tedious and a little confusing
Read Jack Grifiths's full review
Charlotte Byrne Brown | TrustRadius Reviewer
June 01, 2020

With Vena Solutions, efficiency is in our hands.

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read Charlotte Byrne Brown's full review
Prashant Dayal | TrustRadius Reviewer
May 27, 2020

Rewire your Decision Making, Planning with this State of the Art Finance Process!

Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read Prashant Dayal's full review
Liam Merson | TrustRadius Reviewer
May 24, 2020

Improved workflow and results

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Template creation saves massive amounts of time.
  • Powerful tool for in-depth financial analysis.
  • The collation of third party data sources in one place provides much more insight.
  • Set-up and implementation was slow.
  • Some more powerful features will require help from the Support Team.
Read Liam Merson's full review
Carl Hartley | TrustRadius Reviewer
May 22, 2020

Versatile Excel-based System

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Versatility - We can use Vena Solutions for basic budgeting and complex forecasting.
  • The interface meant that we could implement it across the department quickly.
  • Strong customer service support
  • Slow loading times when using multiple third-party data sources.
  • The training documentation could have a bigger focus on more complex features.
Read Carl Hartley's full review
Niall Harrington | TrustRadius Reviewer
May 21, 2020

A comprehensive tool

Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Excel integration gives you a great point to start off from.
  • Template and process mapping avoids any errors caused by lack of experience.
  • The cloud based security is both helpful and gives you peace of mind.
  • Setup was tedious but definitely worth it in the long run.
  • Using multiple data cubes can slow the system down.
Read Niall Harrington's full review
Katie Adams | TrustRadius Reviewer
May 20, 2020

Advanced Forecasting Solution

Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • The overall UI is fantastic, its integration with Excel means that it feels familiar right from the start.
  • Template creation is great for saving time and improving accuracy.
  • After sales support is really good, the team is always there should you have any issues or questions, which was especially helpful in the first week of implementation.
  • Loading times on our more complex templates can be slow.
  • Support documentation could be more detailed, especially for the more complex and niche features Vena offers.
Read Katie Adams's full review
Danna Martins Wembley | TrustRadius Reviewer
May 19, 2020

Good control of financial reports, really comfortable working with Vena Solutions.

Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Data is kept secure because it is stored in the cloud, which improves efficiency and speeds up internal processes.
  • The accounts are exact, as everything is calculated accurately with Excel formulas.
  • The weekly reports are very accurate and the control of administrative data means that all departments have great control.
  • There is a point when I try to add a complex template, the system becomes a little slow, and that frustrates me a bit.
  • For users who are inexperienced with Excel, the process of using this software will become a path you do not want to travel.
Read Danna Martins Wembley's full review
Samuel Johnson | TrustRadius Reviewer
May 19, 2020

Such a Time Saver

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read Samuel Johnson's full review
Phillip Holmes | TrustRadius Reviewer
May 19, 2020

Powerful and Familiar

Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Familiarity - Forecasting and mapping within Excel means you have a level of expertise with Vena right from the word go.
  • Web Based Working - The work process on the web allows you to open documents from anywhere, a real must in today's environment.
  • Template Creation - The ability to create mapping templates is perfect for saving time and ensuring greater accuracy.
  • The Setup - Although probably expected, there is a long set-up process.
  • Accessing a Pivot table through an external connection is very slow - to the point of struggling to use this feature.
Read Phillip Holmes's full review
Samantha Ellen | TrustRadius Reviewer
May 18, 2020

Errors are a problem of the past thanks to Vena Solutions.

Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Vena Solutions eliminates all manual errors that generally occur every month due to lack of experience.
  • Excel and ERP are fully integrated with Vena Solutions.
  • All financial reports can be viewed by different departments at the same time.
  • Managing workflow is difficult.
  • A lot of complexity to adapt our ERP with Vena Solutions. Operation is adequate, but setup can be very complex.
Read Samantha Ellen's full review
Henry Anthony Simmons Green | TrustRadius Reviewer
May 17, 2020

It allows us to create a multi-cube structure and this is what I like most about Vena Solutions.

Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • We use it for SOX compliance.
  • Daily and monthly financial analysis.
  • It allows us to create a multi-cube structure.
  • Long learning curve.
  • If you manage to overcome the long learning curve you will no longer have any problems.
Read Henry Anthony Simmons Green's full review
Jeremiah Adrian Howard Ross | TrustRadius Reviewer
May 17, 2020

Vena Solutions fits perfectly with our ERP and this is of great help.

Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read Jeremiah Adrian Howard Ross's full review

Feature Scorecard Summary

Pixel Perfect reports (25)
8.2
Customizable dashboards (38)
7.8
Report Formatting Templates (42)
8.1
Drill-down analysis (75)
8.9
Formatting capabilities (73)
8.2
Integration with R or other statistical packages (29)
8.3
Report sharing and collaboration (66)
8.5
Publish to Web (37)
7.9
Publish to PDF (51)
7.9
Report Versioning (56)
9.2
Report Delivery Scheduling (54)
9.2
Pre-built visualization formats (heatmaps, scatter plots etc.) (40)
7.9
Location Analytics / Geographic Visualization (29)
8.0
Predictive Analytics (35)
8.2
Multi-User Support (named login) (74)
9.4
Role-Based Security Model (73)
8.9
Multiple Access Permission Levels (Create, Read, Delete) (75)
9.2
Single Sign-On (SSO) (46)
8.6
Responsive Design for Web Access (42)
8.0
Dashboard / Report / Visualization Interactivity on Mobile (38)
7.8
Long-term financial planning (95)
8.7
Financial budgeting (101)
8.7
Forecasting (98)
8.6
Scenario modeling (91)
8.4
Management reporting (99)
8.3
Financial data consolidation (78)
8.9
Journal entries and reports (57)
8.0
Multi-currency management (58)
9.3
Intercompany Eliminations (54)
8.0
Minority Ownership (38)
7.4
Local and consolidated reporting (64)
9.1
Detailed Audit Trails (86)
8.9
Financial Statement Reporting (88)
9.2
Management Reporting (90)
9.2
Excel-based Reporting (96)
9.4
Automated board and financial reporting (70)
9.3
XBRL support for regulatory filing (30)
7.5
Personalized dashboards (65)
7.8
Color-coded scorecards (48)
8.1
KPIs (53)
8.7
Cost and profitability analysis (58)
9.7
Key Performance Indicator setting (57)
8.7
Benchmarking with external data (44)
8.0
Flat file integration (79)
9.2
Excel data integration (86)
9.4
Direct links to 3rd-party data sources (76)
7.1

About Vena Solutions

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.

For more information, visit: www.venasolutions.com

Vena Solutions Features

Budgeting, Planning, and Forecasting Features
Has featureLong-term financial planning
Has featureFinancial budgeting
Has featureForecasting
Has featureScenario modeling
Has featureManagement reporting
Consolidation and Close Features
Has featureFinancial data consolidation
Has featureJournal entries and reports
Has featureMulti-currency management
Has featureIntercompany Eliminations
Has featureMinority Ownership
Has featureLocal and consolidated reporting
Has featureDetailed Audit Trails
Financial Reporting and Compliance Features
Has featureFinancial Statement Reporting
Has featureManagement Reporting
Has featureExcel-based Reporting
Has featureAutomated board and financial reporting
Has featureXBRL support for regulatory filing
Analytics Features
Has featurePersonalized dashboards
Has featureColor-coded scorecards
Has featureKPIs
Has featureCost and profitability analysis
Has featureKey Performance Indicator setting
Has featureBenchmarking with external data
Integration Features
Has featureFlat file integration
Has featureExcel data integration
Has featureDirect links to 3rd-party data sources
BI Standard Reporting Features
Has featurePixel Perfect reports
Has featureCustomizable dashboards
Has featureReport Formatting Templates
Ad-hoc Reporting Features
Has featureDrill-down analysis
Has featureFormatting capabilities
Has featurePredictive modeling
Has featureIntegration with R or other statistical packages
Has featureReport sharing and collaboration
Report Output and Scheduling Features
Has featurePublish to Web
Has featurePublish to PDF
Has featureReport Versioning
Has featureReport Delivery Scheduling
Data Discovery and Visualization Features
Has featurePre-built visualization formats (heatmaps, scatter plots etc.)
Has featureLocation Analytics / Geographic Visualization
Has featurePredictive Analytics
Has featureSupport for Machine Learning models
Has featurePattern Recognition and Data Mining
Has featureIntegration with R or other statistical packages
Access Control and Security Features
Has featureMulti-User Support (named login)
Has featureRole-Based Security Model
Has featureMultiple Access Permission Levels (Create, Read, Delete)
Has featureReport-Level Access Control
Has featureTable-Level Access Control (BI-layer)
Has featureField-Level Access Control (BI-layer)
Has featureSingle Sign-On (SSO)
Mobile Capabilities Features
Has featureResponsive Design for Web Access
Does not have featureDedicated iOS Application
Does not have featureDedicated Android Application
Has featureDashboard / Report / Visualization Interactivity on Mobile

Vena Solutions Screenshots

Vena Solutions Videos (3)

Watch How Vena can help you plan for today and tomorrow

Watch How Vena work in 5 Minutes

Watch AEG Presents Reduces Reporting Times by 99% with Vena

Vena Solutions Downloadables

Vena Solutions Integrations

Sage Intacct, NetSuite, Microsoft Dynamics, Oracle, SAP, Salesforce, Intuit Quickbooks, Deltek, FinancialForce

Vena Solutions Competitors

Workday Adaptive Planning, Prophix, Planful (formerly Host Analytics)

Pricing

  • Does not have featureFree Trial Available?No
  • Does not have featureFree or Freemium Version Available?No
  • Has featurePremium Consulting/Integration Services Available?Yes
  • Entry-level set up fee?Optional

Vena Solutions Customer Size Distribution

Consumers
0%
Small Businesses (1-50 employees)
43%
Mid-Size Companies (51-500 employees)
45%
Enterprises (> 500 employees)
12%

Vena Solutions Support Options

 Free VersionPaid Version
Phone
Live Chat
Email
Forum/Community
FAQ/Knowledgebase
Social Media
Video Tutorials / Webinar
Customer Support Portal

Vena Solutions Technical Details

Deployment Types:SaaS
Operating Systems: Unspecified
Mobile Application:You 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 Countries:United States of America, Canada, United Kingdom, Australia, South Africa, Europe
Supported Languages: Vena 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.