Vena is great!
January 06, 2022

Vena is great!

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

We used to do our modeling in Excel, but now we use Vena. It's used by two departments; one to manage it (Initiatives team) and update it and one (client managers) that uses it for budgeting, forecasting, and presentations. It makes it a lot easier to budget and forecast for our clients by creating model-wide updates when needed. That way people don't need to remember to make updates individually. Our team member has actually done a ton of work to customize it exactly how we need it, so it's nice that Vena has those capabilities.

Pros

  • Easier to make sure work is uniform between multiple employees.
  • Easier calculations and less need for manual updating.
  • Easier to manage payroll.
  • Lets us create report to paste into presentations.

Cons

  • Loading time.
  • Crashing.
  • Opening multiple reports at the same time with ease.

Do you think Vena delivers good value for the price?

Not sure

Are you happy with Vena's feature set?

Yes

Did Vena live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Vena go as expected?

I wasn't involved with the implementation phase

Would you buy Vena again?

Yes

  • Saved a lot of time.
  • More time for analysis.
  • Better data output.
I'm not involved in this.
I don't think this applies.
We only used Excel before.
I think it's great for organizations that need particular detailed models that only fit them. It's good for trying to build what you need. But I think you need someone to help you build the model and keep it updated. Vena just has the tools you need to create what you need, but it doesn't do it for you from my understanding. We have a staff member dedicated to updating Vena.

Vena Feature Ratings

Long-term financial planning
8
Financial budgeting
8
Forecasting
8
Scenario modeling
8
Management reporting
8
Financial data consolidation
8
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
8
Detailed Audit Trails
6
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
8
Automated board and financial reporting
5
XBRL support for regulatory filing
Not Rated
Personalized dashboards
8
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
Not Rated
Excel data integration
8
Direct links to 3rd-party data sources
8
Pixel Perfect reports
Not Rated
Customizable dashboards
8
Report Formatting Templates
8
Drill-down analysis
8
Formatting capabilities
9
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
8
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
8
Report Delivery Scheduling
Not Rated
Pre-built visualization formats (heatmaps, scatter plots etc.)
Not Rated
Location Analytics / Geographic Visualization
Not Rated
Predictive Analytics
Not Rated
Multi-User Support (named login)
Not Rated
Role-Based Security Model
Not Rated
Multiple Access Permission Levels (Create, Read, Delete)
Not Rated
Single Sign-On (SSO)
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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