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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.

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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. …
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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 …
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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 …
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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 …
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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 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
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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
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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
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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 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%
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Comparisons

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Reviews and Ratings

(307)

Attribute Ratings

Reviews

(26-50 of 214)
Companies can't remove reviews or game the system. Here's why
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • The way it connects data contributors, analysts, and data consumers so there is only one source of truth to maintain
  • So far it has been very easy to get non-technical employees comfortable enough with Vena to use it effectively as a contributor
  • Documentation and training resources for Vena have been very helpful
  • I have some frustrations with the limits of Vena as it is used in Excel. For example, if contributors filter or sort tables in input forms it often causes issues with the dimension mappings.
  • Vena appears to limit it's connections to Microsoft products. It could be useful to be able to connect to other software.
  • Some aspects of modeling in Vena are very manual, and options to make changes to multiple members at a time is limited.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Ease in presentation formatting
  • Handles complicated excel calculations
  • Allows our company to have consistent reports through out all departments
  • Additional training or insite into expressions or calculations
  • Allow all windows/lists to be sorted and be able to add other attributes
  • Do not require having to create a process flow
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Reconciliations
  • Financial reporting
  • Ad hoc reporting
  • Problem-solving (to easily chase down details for variances/etc)
  • Creating and customizing reports can be time-consuming on the front end.
  • The sections and blocks can be difficult to grasp to many end-users (seem duplicative).
  • More standardized best practices templates would be helpful.
May 12, 2023

Vena-ease

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Able to create user friendly reports
  • Able to drill on expense details easlily
  • Are able to track progress of quarterly reconciliations
  • Input template mapping or locking and unlocking rows
May 11, 2023

Growing experience

Score 6 out of 10
Vetted Review
Verified User
Incentivized
  • generating standard monthly reports
  • creating financial comparisons over multiple periods
  • organizing data in a simple form with the option to "drill down" to get additional information
  • automate live updating of information.
  • create an "app" feature instead of accessing vena through a webpage.
  • more descriptive outline of errors when uploads failed.
Brandon McManus | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • creating dynamic reports used on a recurring basis
  • organizing workflow of complex tasks
  • building complex reports in an easy and manageable way
  • difficult implementation process
  • errors when importing from 3rd party software
May 11, 2023

Good platform

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Vena allows contributors to make live changes, and its powerful data management capabilities make it easier for the finance team to track and consolidate budgeting data.
  • Improving Forecasting Accuracy: Utilize analytics and forecasting models
  • training and resources: need more training and recourses to utilizes powerful functions in vena
May 11, 2023

Vena review

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • enable alternative hierarchies
  • end presentation format acceptable for executive reporting
  • integration with Excel functionalities
  • Cannot see any visual identifiers (like blue fonting) to mark where drilldown is possible
  • Rendering speed could be improved (only able to effectively load 3 years of transaction history)
  • Building complex reports needs IT support
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Budgeting process is made easy
  • Workflow process allows for better integration
  • Documentation and ability to develop, share and revert templates.
  • It is easy to destroy templates through incorrect use
  • If any changes are made to files where mapping is affected, it severely and negatively affects the running of the file.
Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • Summarization of consolidated information.
  • Ease of use.
  • Time-Saving.
  • More customization available to the user (user can explore options).
  • software implementation process should be faster.
  • A summary of all the functions available for use by the user.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Consolidation - have saved so many hours by not having to manually consolidate spreadsheets
  • Audit trail history - we were able to find out who made a change that was questionable
  • Drillable feature that allows our users to drill into the details of financials
  • Ease of use
  • Sometimes the templates are a bit complicated to use and could be a little bit more straightforward if all the dimensions are defined in the workbook.
  • I would make the security easier to use.
  • Helpdesk
Henry Anthony Simmons Green | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Ease of use, very intuitive
  • Dynamic and flexible for the various business needs
  • Drill features allow total visibility from a roll up down to a ledger transaction.
  • HR module is not as seamless as the financial side
  • System processes can be limiting at times
  • Developers can be slow to react to an issue
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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
Incentivized
  • 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
Incentivized
  • 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
Incentivized
  • 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
Incentivized
  • 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
October 26, 2022

VENA tool for FP&A.

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
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