Vena
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.
Read moreRecent Reviews
How Vena Differs From Its Competitors
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)9.393%
- Financial budgeting (168)9.191%
- Forecasting (162)9.090%
- Management reporting (165)9.090%
Reviewer Pros & Cons
View all pros & consVideo Reviews
1 video
Vena Review: Proves To Be Financial Management Solution For Handling Multiple, Complex Accounts
03:21
Pricing
View all pricingProfessional
N/A
Cloud
Complete
N/A
Cloud
Entry-level set up fee?
- Setup fee optionalOptional
For the latest information on pricing, visithttps://www.venasolutions.com/resources…
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting / Integration Services
Product Demos
Intro to Vena Complete Planning
01:54
Intro to Budgeting in Vena Complete Planning
03:34
Vena for SaaS - Financial Reporting and Reporting Made Simple
01:11
Vena for Banks and Credit Unions - Budget, Forecast and Plan With Confidence
01:08
Features
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Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
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
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 Integrations
Vena Competitors
Vena Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
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. |
Vena Downloadables
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.
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).
Vena Customer Size Distribution
Consumers | 0% |
---|---|
Small Businesses (1-50 employees) | 19% |
Mid-Size Companies (51-500 employees) | 55% |
Enterprises (more than 500 employees) | 26% |
Comparisons
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Reviews and Ratings
(255)
Attribute Ratings
Reviews
(1-2 of 2)- Popular Filters
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May 14, 2022
Top Notch Support
Score 10 out of 10
Vetted Review
Verified User
We utilize Vena currently for the forecasting and budgeting process. We are looking to expand into month-end close procedures as well. Vena works very well for our purpose as it's in a tool we are very familiar with in excel.
- Top Notch Support.
- Quick Turnaround times to meet deadlines.
- Familiar tool in using excel.
- Single Sign On.
- More connectors with lessor known ERPs.
100%
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10.0
100%
10.0
100%
10.0
100%
10.0
100%
10.0
100%
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10.0
- Good ROI.
- Limited impact on other departments.
- Freed up time of current resources.
Vena support is top-notch. We are often a small fish in the ocean and Vena treats you as if you are their only client.
Not too much in this area to report. We were so far behind, just getting up to speed has helped us pivot to new types of reporting.
This was the only solution we considered.
5
Operations, Transportation, Finance, Sales
2
Ops, Transportations, Finance.
- Revenue Consolidations.
- Budget
- Sales
No
- Price
- Product Features
The price point was the best in class. Support is timely and helps us meet deadlines.
No Change. We are happy with the product.
- Don't know
- Online Training
- In-Person Training
- No Training
We did not use this approach we used the vena portal to learn the best we could.
Ask to see other setups and use as many prebuilt templates as you can. Every business has its way but using existing templates saves a lot of setup time and can be customized after they are already built.
I don't have any additional configuration concerns. The product works as advertised.
We did not. The product was already pretty pricey, It was not in our ROI to get premium support.
No
We consistently have the best product support. Frank and Team are always timely and work hard to find us the best solution. If nothing else, this alone will keep us with Vena.
- Support
- Data mapping.
- Sales planning.
Yes, but I don't use it
- Quickbooks
The ETL tool was very easy to use and integrated seamlessly.
Use an outside project management firm if nessicary. You can drag out your integration much longer than nessisary if you are not on time and timely.
- These upgrades happen without our input which is nice.
- Not sure.
- 365 integration will be interesting.
No
May 12, 2022
Very happy with Vena and have not looked back
- Annual budget cycle: across the entire organization.
- Financial reporting on a period basis: deploying across sections of the organization.
- Forecasting: across portions of the organization.
- 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.
84%
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27.142857142857146%
2.7
72%
7.2
78.33333333333333%
7.8
90%
9.0
53.33333333333333%
5.3
86.66666666666666%
8.7
52.5%
5.3
55%
5.5
80%
8.0
N/A
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- Reduced overhead with the entire budget cycle.
- Reduced effort to publish period financials.
- Reduced effort needed to collect forecasts from all operating managers.
Yes Vena has been very responsive. After implementation as issues arose or opportunities appeared they were great to work with. Just negotiate your programmer hourly rate upfront in your contracts.
We are able to deploy what appears to be customized reports to all levels of the organization. I can publish faster and more efficiently.
Vena was the best fit for our needs: where we wanted to go, how to best fit our user base, and was the best value proposition for us.
109
Admins, operations managers, directors and accountants.
2
Strong Excel. Once you get the hang of mapping out blocks and page sections ~ similar to a pivot table - you can setup Vena templates. Then it is just time to setup users, permissions and get used to the flow of uploading new data to Vena and training users.
- Financial Reporting and forecasting by operational unit
- Annual Budget
- Variance Analysis
- Unique KPIs in our Financials that normally would not flow into our P&L's
- Financial reporting training
- internal non-financial reporting HR metrics
No
- Price
- Product Usability
We had to cater to a large diverse user base that does not live in Excel every day. We need to be able to give the user everything they needed, have flexibility for power users, lock down templates for safety and permissions issues and then deploy across multiple locations without version controll issues.
We would have been more flexible in modelling templates to be more generic and less specifically the exact look and feel users were used to previously.
- Implemented in-house
No
Change management was a big part of the implementation and was well-handled
We should have given ourselves more time to fully implement, troubleshoot and test. We converted our Annual budget process for the entire company in 6 weeks.
- lack of additional internal man hours set aside
- Online Training
- In-Person Training
We configured our Vena Templates to mirror much of the form and function of basic excel templates our users were used to pre-vena. This allowed for quick user adoption, once we got the Excel Addin installed on all machines. User Adoption was key to change management.
No - we have not done any customization to the interface
Some - we have added small pieces of custom code
Pre-vena we had extensive VBA coded spreadsheets to enable user input and view toggles. Additional macros were present to provide drill down to next level data and automatic routing of question to appropriate subject matter experts.
We still utilize our macro drill down to pull data hidden in Staging query tables and then format and present the "Drill Down" information in a more effective manner. The existing Vena Drill down brings back the data in rough database extracted format that can take time to orient to the information.
Not Sure
No
During prime time a template needed an update/redesign due to new needs not previously considered. Support was able to connect to the appropriate level programmer and we hashed out the redesign the same day. It was great.
- Native Excel
- aggregation level reporting
- template design
- live data connections without additional costs
- Sage
Sage is supported and we will be exploring an integrated dataflow
- File import/export
- ETL tools
Like any other Cloud based client, if you have numerous office sites that will be accessing the cloud, take stock of equipment, software and internet stability. Managing the install the excel addin on all machines was a pain point. Managing different versions of Excel can create gaps in well formed current templates. Plan and prepare for the change management. Establish superusers and create change advocates to help manage the transition. When converting current templates into Vena Templates, leverage Vena advice on best practices on how to layout a template or dimensions.
a reduced rate per user by class of user over a longer term than usual. We wanted the arrangement to be a long term partnership.