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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

(1-25 of 114)
Companies can't remove reviews or game the system. Here's why
March 09, 2024

Vena Review

Score 9 out of 10
Vetted Review
Verified User
Incentivized
We received excellent support throughout the implementation process, and continue to meet regularly with our customer success manager as we work to fully ramp up our use of Vena.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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 in order to build out specific reports / models for us, which were more complex that our other reports - this was very useful and offered good ROI.
January 05, 2024

Great FP&A tool

Score 10 out of 10
Vetted Review
Verified User
Incentivized
Allie Wildbore has been a supportive vendor during the sales process and post-implementation. She provided us customer support to address issues that arose. Additional implementation services were available when needed. Although there were some challenges during initial implementation, Allie’s response has been quick and effective. I will be happy to recommend Allie to anyone looking for investing in Vena.
Shelly Sennikoff | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
The Vena team has been great! Our initial implementation team was very well versed in the product and created some great reports and templates for us. We are now engaged in an EMS+ contract and our dedicated consultants are extremely knowledgeable, readily available, and an absolute pleasure to work with!
Score 10 out of 10
Vetted Review
Verified User
Incentivized
through the sales process, everything was fine. We did have a few issues with implementation, but due to time restriction, it was a little difficult for us to learn all functionality and continue running day-to-day business. after implementation, we needed to purchase additional consultant support as there were some functions that were not working and the Vena support team were unable to help.
December 28, 2023

Trust Vena

Score 8 out of 10
Vetted Review
Verified User
Incentivized
There is a customer support specialist to help with any needs and we have a quarterly meeting set up to get updates and share thoughts and feedback. We get some expert hours a month to help with any questions or get assistance on how to accomplish a task in Vena.
Stacy Taute | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We had a wonderful sales representative who was patient with us during our decision making stage and provided us with all the information we needed in a timely manner. Our implementation consultant was also great and worked tirelessly to get Vena up and running before our reforecast process. Our Customer Success Manager has also been fabulous and is quick to reply and eager to help which I really appreciate. She also keeps us well informed of any changes happening to the tool and opportunities for learning.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Vena was right alongside of us the entire time of implementation and after. We have finished our first-round implementation and Vena support is already working with us on end user trainings, troubleshooting, etc. They have been extremely responsive and reaching out occasionally to check in on things.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Vena has connected us with great 3rd party consultants to help us achieve our goals. During the process they continued to ensure we were happy. After implementation they continued to meet with us, semi-annually, to make sure we are happy with our current product/features and make us aware of new products/features that are available, without pressuring us to buy more.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Vena support is very helpful. Our Customer Success Manager, Peter Shalala, is very supportive of anything we wish to do and helpful with all my questions. I have reached out to Vena support many times and they are also quite helpful. Sometimes I can figure out my issue myself, but more often than not, the support team will answer my questions and I'll be on my way.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Our account manager [...] reaches out to us regular with Vena learning opportunities and events. We have also had great experience with the support team at solving our issues using the chat/email tool.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
A good vendor typically takes a consultative approach during the sales process. They will work closely with organizations to understand their specific needs, challenges, and goals. They may conduct product demonstrations, provide documentation, and address any questions or concerns that potential customers may have.
May 22, 2023

Vena Review

Score 9 out of 10
Vetted Review
Verified User
Incentivized
Vena's implementation team was very knowledgeable and helpful. after implementation, we got coaching hours for new projects
Score 9 out of 10
Vetted Review
Verified User
Incentivized
I was not involved in the sales or implementation processes, but support from Vena in my usage has been great. The documentation that exists cover nearly all problems I could come across, and it is usually easy to find the article relevant to my problem. In the rare cases where the documentation is insufficient, Vena has been quick to respond with helpful and direct support.
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