Vena

Vena

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Top Rated
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Score 8.7 out of 100
Top Rated
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.
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Recent Reviews

My Vena review.

8 out of 10
October 28, 2022
Dear Folks, Vena is used in my whole organization as a product sales tracker; we have all sales records in it, including the upcoming …
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VENA tool for FP&A.

9 out of 10
October 26, 2022
VENA is used as a financial reporting and consolidation tool. Primarily for GL data but expanding to other uses in the organization (i.e., …
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How Vena Differs From Its Competitors

Full-Cycle Support

Vena supported the organization through the sales process and after implementation by offering free web-based training to all users, as well as offering access an extensive knowledge base and a support team which can answer ad-hoc questions. We also chose to procure additional Vena consultant time …
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Finance-Informed Decisions

Yes - Vena has enabled our organization to use financial data to make more agile or rapid business decisions. This was done by allowing drill-downs of data, visualisation and effective automation of standard reports. We're also excited to start using Vena's integration with PowerBI to allow for …
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Full-Cycle Support

I understand the implementation of the system from Brian was good The support we are given from Dario and Jester has been excellent, but as they are in Canada, it has been difficult with time issues.
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Finance-Informed Decisions

After an overnight, it provides us with a budgeted/forecasted revenue and EBITDA number; we are able to look at this against actuals using cost centers and g/ls.
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Full-Cycle Support

Vena experts have continued to support the organization with their guidance and assistance in the development of financial statements. Their role was crucial in developing the initial data cube that would be used to map the dimensions of all the data that would be imported to Vena to transform …
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Finance-Informed Decisions

Vena has enabled our organization to use financial data to be more agile and efficient through its ability to control data read and write access to specific users. By limiting users to reading and writing only certain data, users are not distracted massive financial information that may not be …
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Full-Cycle Support

Vena is the best vendor I've worked with in terms of support. They are constantly at the clients side and they focus on delivering the best after implementation support, not only accomplishing the sale. They really have the clients satisfaction as the most important thing. They are friendly and …
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Finance-Informed Decisions

By organizing a companies data and automating reports linked to graphs and dashboards, Vena will immediately take the data that has been integrated to it and let the finance team look at important KPIs and compare their performance to their last year sales and their budget. In terms of agile …
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Full-Cycle Support

The sales process was amazing. Dylan was so helpful and informative, as expected, but it was better than a typical sales call. It was like being on a call with a friend who is trying to help your company save hours every week. Have any of your friends saved you enough time and money to get …
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Finance-Informed Decisions

One major way we can make more agile decisions is when it comes to near-term projections. Since Vena helps to update actuals rapidly and updated drivers for our forecast, we can go check our cash forecast early in each month to see if anything major has changed. If something did shift, we could …
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Full-Cycle Support

Yes - the support from VENA, both in implementation and improvement, has been top-notch. The expert hour services have been a lot of help when implementing new initiatives or projects. Even learning new features as we go along the way and we learn new ways to implement VENA, the VENA team has been …
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Finance-Informed Decisions

In the past, the data had to be downloaded from the different ERP systems and then manually consolidated and validated in Excel to then be used for reporting and analysis. Excel could only hold so much data, so the multiyear analysis was almost impossible. With VENA, the data collection is more …
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Finance-Informed Decisions

Using excel as an interface enables us to constantly refine forecast templates and reports as we continue to change our business model. No coding or technical knowledge required. As long as you are comfortable working in excel, you can tailor Vena to match your needs
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Full-Cycle Support

We have been working with a third party consulting firm for the Vena implementation and have not needed to rely on Vena's help.
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Finance-Informed Decisions

The vena reports are available through a click of a button and are integrated with our accounting system so we know the reports are accurate. Information is delivered quickly and we do not need to wait for reports to manually be created, updated, and checked to make sure all information is there.
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Full-Cycle Support

We implemented Vena using a consulting company that worked closely with Vena. The implementation process took about 4 months to complete. The consultants were friendly and competent and after our contract was up, we were still able to gain Vena support directly with the Vena support team. They are …
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Full-Cycle Support

They walked us through the whole process and let us know how it would improve our current process. They helped us create reports and let us create our own reports as we were implementing Vena. The integration was very simple and went very smoothly. They check up on us and make sure everything is …
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Finance-Informed Decisions

We feel much more comfortable with our forecasting and budgeting since we are able to spend more time on analysis and review instead of creating templates and verifying and matching numbers. The numbers are more accurate and more reliable now and our management team has much more confidence in the …
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Full-Cycle Support

I am not in a role that deals wit this aspect of the system - we have a dedicated resource that takes this responisbility
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Full-Cycle Support

Vena continues to provide ongoing webinars, support material, and virtual conferences to help individuals leverage the abilities of Vena in relation to their day to day responsibilities. Vena goes above and beyond and caters specific events to help users upskill as well. For instance, Vena not …
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Finance-Informed Decisions

Vena has allowed our organization to prepare monthly reporting packages for our senior leadership team faster but also help fellow team members within the finance team prepare and analyze the financial results faster and more efficiently. Especially useful during the crunch times of month-end …
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Finance-Informed Decisions

All files needed are quick and easy to find so managers and employees can make faster decisions. If there are things that need to be done an employee can quickly choose which task is more important and finish that one faster. Additionally, since the files needed for a task can be found all in the …
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Full-Cycle Support

The vendor has ongoing support where we can log tickets, and we do get a response back the same day or the next. Implementation was smooth but required a lot of user testing to ensure the integrity of the numbers.
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Full-Cycle Support

Yes, the vendor has been supporting the organization through the sales process and after implementation. Our in house IT team has been working with Business Analyst as well so that maximum utilization of the software is achieved. Our IT Director promotes it across the teams and this helps in …
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Finance-Informed Decisions

Yes, Vena has greatly helped in making more agile or rapid business decisions. We always enter data in it for the senior management to review and plan for upcoming investments. It also helps in reviewing lost business and if we need support from the sales to take it up with the customer.
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Full-Cycle Support

They set up quarterly meetings to ensure we are satisfied with the product, how we are using the product and if there is anything to facilitate our growth
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Full-Cycle Support

Vena quickly understood our needs and after explaining one of our biggest challenges (consolidating a newly awarded grant into our operational budgets), was able to create a mockup of the process and demo it for us within a couple of weeks. They also allowed us to test the platform from various …
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Finance-Informed Decisions

One of the major benefits of Vena has been the ability to flexibly make changes across a wide range of users, time zones, and types of input, while also still allowing us to see instantly what is changing. We've had insights into the data and been able to collaborate with our budget and …
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Full-Cycle Support

Had a need for a template build out a year after implementation. Needed this built in 2 weeks while I worked on something else. Using expert hours, the vena team delivered and we forecasted a brand new sales model within 2 weeks' time from data load to reporting. Support post implementation has …
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Finance-Informed Decisions

We constantly change routes, so customers move between locations, and budgets from 6 months ago are no longer accurate at the lowest level. With the API to our ERP, we can easily run a forecast that captures all customer movement and re-align budgets.
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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 46 features
  • Excel-based Reporting (160)
    9.3
    93%
  • Financial budgeting (168)
    9.1
    91%
  • Forecasting (162)
    9.0
    90%
  • Management reporting (165)
    9.0
    90%

Reviewer Pros & Cons

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Video Reviews

1 video

User Review: Vena Proves To Be Financial Management Solution For Handling Multiple, Complex Accounts
03:21
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Pricing

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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.

Entry-level set up fee?

  • Setup fee optionalOptional
For the latest information on pricing, visithttps://www.venasolutions.com/preview…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

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46 people want pricing too

Alternatives Pricing

What is PlanGuru?

PlanGuru is budgeting, forecasting and financial analytics software for SMB's, Nonprofits and the Accountants/ Advisors that work with them.

What is Spoom?

Spoom (formerly Analyza) is a business intelligence solution that is provided by Spoom Software (formerly PIT Business). The vendor provides support services in Luxembourg, Belgium, France, and other parts of Europe. Spoom allows users to: Build several indicators and dashboardsBuild ad-hoc…

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Product Demos

Vena for SaaS - Financial Reporting and Reporting Made Simple
YouTube
Vena for Banks and Credit Unions - Budget, Forecast and Plan With Confidence
YouTube
Intro to Vena Complete Planning
01:54
Intro to Budgeting in Vena Complete Planning
03:34
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Features Scorecard

BI Standard Reporting

8.3
83%

Ad-hoc Reporting

8.3
83%

Report Output and Scheduling

8.7
87%

Data Discovery and Visualization

7.4
74%

Access Control and Security

8.8
88%

Mobile Capabilities

6.8
68%

Budgeting, Planning, and Forecasting

9.0
90%

Consolidation and Close

8.5
85%

Financial Reporting and Compliance

8.4
84%

Analytics and Reporting

9.0
90%

Integration

8.9
89%
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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 Downloadables

Vena Integrations

Vena Competitors

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 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 KPIs highest, with a score of 9.6.

The most common users of Vena are from Mid-sized Companies (51-1,000 employees).
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Comparisons

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Reviews

(1-25 of 178)
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Score 10 out of 10
Vetted Review
Verified User
  • Versatile reports that interact directly with the data cube
  • Concurrent editing of information ensuring version control
  • Robust backup allowing roll back of data and model
  • Restore deleted models
  • Duplicate tabs in a report to a new section and block
Score 8 out of 10
Vetted Review
Verified User
  • 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 8 out of 10
Vetted Review
Verified User
  • It consolidates the figures.
  • It produce useful information for Traincrews Hours.
  • It transfers employees from one dept to another within the budget.
  • It would be useful if we could have UK support (to avoid time issues).
  • For the system to have checks to ensure data validity.
Score 9 out of 10
Vetted Review
Verified User
  • Organize Budget Input.
  • Make financials accessible to users.
  • Data permissions make read restrictions scoped.
  • Vena experts are also financial experts.
  • The knowledge base is easy to use and understand.
  • It's is not easy to get an agent for immediate help.
  • adding licenses should be on the website.
  • Available lectures should be more apparent.
October 28, 2022

My Vena review.

Score 8 out of 10
Vetted Review
Verified User
  • Perfect incremental formulas and sumtotal.
  • Easily downloadable.
  • Data accuracy.
  • No glitch.
  • Should improve in downloading the reports for new users.
  • Should come up with more formulas to make files more accessible.
  • Should adapt more features to get differentiated.
Score 10 out of 10
Vetted Review
Verified User
  • Automate templates and reduce human error when reporting
  • Making the budgeting process better and less time consuming
  • More time to the finance team means they can add more value to their company
  • Process standardization
  • Mac Users. They are now including Mac Users using Vena 365 but there is room for improvement
  • Global Files could have Process Variables and the ability to be restored to previous versions
  • Integration folders could be duplicated. Not just channels
Max DiPlotti | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Update actuals automatically.
  • Forecast individual expenses.
  • Maximize detail and value of a single number with Zoom/Drill.
  • Flexibility to create anything we need internally.
  • I'd like to have notes sections that are tied to specific departments, similar to how expenses are mapped. I did make one anyway, though, so if anyone needs guidance on this, I am happy to help!
October 26, 2022

VENA tool for FP&A.

Score 9 out of 10
Vetted Review
Verified User
  • Consolidates data from different financial systems.
  • Allows for drill down of data, as well as consolidation of data.
  • Creation of different data models, and consolidation of those models within VENA.
  • The process for checks and balances can be improved, especially when it comes to consolidation.
  • Support community where users can ask and find answers from other users.
Score 9 out of 10
Vetted Review
Verified User
  • Great representation of data
  • ETL can be done from many different ERPs which is great
  • Facilitates data analysis
  • Can create many different types of templates (Financial, Labor, Time tracking)
  • LIDs I find really confusing because they don't often work on the same way
  • Validation rules have issues when you add more than one
  • Form block expansion
Score 8 out of 10
Vetted Review
Verified User
  • Seamless integration with Intacct
  • Reports are easy to use in Excel
  • Automation of reports saves time
  • Reports can be difficult to create without extensive training
  • Protecting a sheet to eliminate end user errors is important, but it would be nice to still be able to make cosmetic changes easily
  • There is sometimes a delay in opening reports and loading new reports
Score 7 out of 10
Vetted Review
Verified User
  • Flows changes and updates to our forecasts seamlessly where we know the numbers are reflected in all of our reports.
  • Ability to create ad hoc custom reports.
  • Having the ability to pull different scenarios, periods, and years easily to have comparatives for better analysis.
  • Integrated well into excel where you don't feel like you're using a completely different tool.
  • Inability to collaborate with a teammate in the input templates.
  • Not integrated with word documents which would be helpful for our MD&A report.
Jeremy Vance | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
  • Simplified the budgeting and forecasting process.
  • Allows end users to run certain reports as needed.
  • Significantly reduced time and errors from manual processes.
  • Wish there was an option for multiple people to use a check-in and checkout file like a shared file.
  • Speed of report writing is not bad but could always use improvement.
  • Wonderful product that really does not need many things to improve on in the way that we currently use it.
October 13, 2022

It is fine

Score 6 out of 10
Vetted Review
Verified User
  • Easy reporting
  • Drill Down capabilities
  • Separating Departments
  • The setup - the product needs to be set up properly to gain full functionality
  • Hierarchy isn't always conducive to company hierarchies
  • It would be nice to be able to drill down into the ERP detail
Score 9 out of 10
Vetted Review
Verified User
  • Eliminate the need for messy Excel workbooks
  • Connecting data with ERP system like Oracle for financial data
  • Ability to share with multiple different users
  • "Contributor" only access limits information transparency and may not help the contributor understand the entire picture
October 08, 2022

Quick and short.

Score 7 out of 10
Vetted Review
Verified User
  • Vena is able coordinate budget users through workflow and setting deadlines.
  • Financial reporting is done through excel.
  • Vena is able to integrate with our custom software.
  • There is a steep learning curve for new users.
  • Interface can be more user friendly.
  • Need more help to address mapping issues on reports.
Mikhil Soni | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
  • Helps in managing demand and connects with Power BI
  • Let's us review Forecast and multiple users are able to upload it in the same time.
  • Pull reports and prepare strategy for both short term and long term.
  • Get automatic notifications for pending task.
  • I get frequent errors while check in of the file.
  • Vena Tab in MS Excel doesn't provide any information.
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