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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

(76-100 of 214)
Companies can't remove reviews or game the system. Here's why
Score 10 out of 10
Vetted Review
Verified User
  • Visualization
  • Information import
  • Process streamlining
  • Multi-system consolidation
  • The run/load time on large complex workbooks can require long downtime.
  • The Vena upload is run specifically by our tech team and that also has a long processing time.
  • The Summit seminars offered by Vena are very helpful, the seminars can be hit or miss either heavy Vena process side or heavy Vena partner presentations.
Score 10 out of 10
Vetted Review
Verified User
  • Complex modeling.
  • Audit trail and data lineage.
  • Budgeting and forecasting templates.
  • Reporting
  • Integration to BI (Power BI in particular).
  • Deploying on other cloud platforms.
Score 9 out of 10
Vetted Review
Verified User
  • It's easy for a non-financial person to navigate as a contributor.
  • It integrates seamlessly with Excel.
  • Our CRM is very responsive and helpful.
  • Would like the ability to see data in the user interface.
  • Would like fewer clicks to open a file.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Task Management features are easy to use and easy to track.
  • Excel interface allows very easy customization and easy to understand error warnings.
  • Vena's knowledge base library can have very high-level explanations of very technical issues, which can make it difficult to understand.
Score 8 out of 10
Vetted Review
Verified User
  • The Designer or Process Management tool is great.
  • Office 365 integration with GCC.
  • Support for Mac products.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Dynamic expansion and mapping.
  • Integrations with other tools.
  • Data and file storage in the cloud.
  • Versatile
  • Template automation encountering issues due to certain excel functions used.
  • Mac users often have issues.
  • There should be a built-in option to automatically overwrite actual periods with actual data in forecast scenarios.
  • Users must be proficient in Excel to use Vena to its full potential.
May 14, 2022

Top Notch Support

Steve Vosburg | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Top Notch Support.
  • Quick Turnaround times to meet deadlines.
  • Familiar tool in using excel.
  • Single Sign On.
  • More connectors with lessor known ERPs.
May 14, 2022

Quick and easy

Judy Dam | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Integrating different information.
  • Variable process - when you go from one period to the next all reports auto-adjust to the new period.
  • Easy to formatting your information.
  • The training videos are great, but sometimes asking questions one-on-one would be nice.
  • Provide best practice on creating reports with graphs and such.
Noris Pasic | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Users enjoy a familiar interface for accessing reporting and budget planning: Excel
  • Integrations, ETL, and mappings are very intuitive and the UX is stellar
  • No additional cost for adding data cubes/models
  • Very flexible, customizable, and scalable
  • Filtering is very simple, and they allow you to import line level information so that drill-downs and cascades are simple to do
  • It has a native integration to PowerBI which is amazing to get your data visualization up and running in no time
  • Native Analytics
  • Expanded ETL Functions
  • More industry-specific tailored solutions and templates
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Consolidation and aggregation
  • Full audit trail: Who changed what number when and what was it before the change?
  • Version control: One master template deployed across numerous users.
  • Faster report creation.
  • Post implementation provides periodic review of templates for performance updates.
  • Monitor template performance for the time of data calls that drastically increase over time. Investigate and assist the customer with issues consuming your server and the customer's time.
  • Internet connectivity backbone can be problematic for users who are used to being on wifi and pick up and move elsewhere in the middle of templates.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Being able to create useful reporting tools.
  • Being able to restrict user permissions.
  • Ease of not having to learn a new program because everything is written in Excel.
  • To increase the speed of opening files, especially if using LIDS.
February 24, 2022

Vena is Great!

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Consolidation of multiple entities on varying ERP platforms
  • Drives collaboration between functional/operational employees and finance employees
  • Vena is easy to use and user adoption is high due to Vena's direct interface with Microsoft Excel
  • Dashboard/KPI reporting capabilities within the Vena online experience
  • Expand the number of ERPs supported by direct integration
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Cloud based delivery of information and audit trail.
  • Data warehouse approach for gather and report.
  • Attribute to conform reporting for audit and outside parties.
  • Easy to train, use, and produce useful workbooks.
  • Refresher training for current customers.
  • Training courses when quarterly changes roll out.
February 23, 2022

Ven-tastic Experience

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Forecasting
  • Analysis
  • Strategic Planning
  • Reporting
  • Data input/Interaction
  • Vena's support of Apple products needs improvement
  • Mobile device access and support
  • Depth of technical knowledgebase articles
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • It's extremely flexible - allowing us to build whatever we want to meet the needs of the end-user and leadership.
  • It overlays workflow - no more Excel files being passed back and forth between dozens of emails.
  • Data integration - easy to get your data into and out of Vena.
  • User experience for the Mac user - this is something they're actively addressing and are currently rolling out a solution for, though we haven't yet adopted the new solution.
  • There are a few detailed product enhancements I've recommended. They're typically pretty good about receiving and acting on user feedback, though!
  • Vena's Dashboarding feature is not very good at the moment, though I believe there are some new things coming in 2022.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Vena's scoping and project management related to implementations is the best I've dealt with by a noticeable margin.
  • Vena is a customizable database that's easy to understand, build, and support, we don't utilize our IT department to use or support it.
  • Permissioning users are super flexible, if done properly users can only see what they need to see (so they don't get lost in the details).
  • The fact that excel is the main interface is underrated, when we force budget owners to use it, it's pretty seamless.
  • The export functionality requires writing queries, while they're not difficult it could be improved.
  • Data transformation errors out on the first error, so if you have multiple errors you could struggle to fix one, redoing, fixing another, redoing
  • Once you've used and iteratively updated your system/use case, the details (sources, destinations, integrations, etc) can be messy, would be nice to have a systematic way to delete things no longer used or transition to a "clean" data model somehow.
February 21, 2022

Vena Budgeting Review

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Consolidation of large data sets
  • Easily limits data access by user
  • The ability to change or modify templates quickly
  • The quality of their outsourcing partners varies
  • Tendency to sometimes overcomplicate the system set up
February 21, 2022

Vena - Would recommend

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Departmental budgeting roll up
  • Financial reportorting
  • Ease of use for non-accounting staff
  • Too many standard fields in Human Resources module not used by us
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Consolidation of multiple ERP financial data into one reporting tool
  • Robust and detailed Budgeting & Forecasting in a timely fashion
  • Quick reporting of Sales data
  • Better ability to add commentary and provide explanation to the numbers
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