FP&A Software with Endless Possibilities
January 21, 2022

FP&A Software with Endless Possibilities

Andrew McFarlane ✪ | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

Vena is used by the FP&A department to manage the annual budget, monthly rolling forecasts, and actuals. It's a tool that helps department heads know the details behind their available budgets so that there are no questions when it comes to "how much do I have left to spend each month." I was able to also build out a cash flow forecasting model that ties to the P&L and HR data so that everything works together and is updated at the same time. It's a tool that has helped with variance analysis and catches errors, excess spending, and improve our view into what is happening financially for the company.

Pros

  • Budgeting.
  • Variance Analysis.
  • Detail Transactional Drill Downs.
  • Forecasting.
  • Reporting.

Cons

  • More standard reports.

Do you think Vena delivers good value for the price?

Yes

Are you happy with Vena's feature set?

Yes

Did Vena live up to sales and marketing promises?

Yes

Did implementation of Vena go as expected?

Yes

Would you buy Vena again?

Yes

  • We've gone from a 4-day FPA monthly close cycle to 4 hours.
  • The ability to get quick answers to questions has increased dramatically (ability to answer questions on the fly and scenario plan very quickly).
Their support team is very responsive and helps you work through your issues. Be sure to save those email communications for future reference if you get stuck too!
The ability to manage our P&L and cash flow at the same time has been extremely valuable for our decision-making. We can do scenario planning very quickly and see its impacts on cash and the P&L to help drive major business decisions.
Vena allowed for the most customization that made everything easy for us with our complicated system of managing allocations across products and time by employees.
Vena is basically a supercharged Microsoft Excel add-on that ties to your database. This allows for infinite possibilities with your model building since most finance people are already proficient with Excel. It also allows you to build reports and lockdown every cell except for the ones that you want contributors (other non-admin users) to adjust. It helps you manage your workbooks in a way that is virtually foolproof so that people that use your sheet don't have to worry about breaking anything.

Vena Feature Ratings

10.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
10.0
Financial data consolidation
10
Journal entries and reports
Not Rated
Multi-currency management
10
Intercompany Eliminations
Not Rated
Minority Ownership
10
Local and consolidated reporting
10
Detailed Audit Trails
10
10.0
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
10.0
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
10.0
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
10.0
Pixel Perfect reports
Not Rated
Customizable dashboards
10
Report Formatting Templates
Not Rated
10.0
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
10
10.0
Publish to PDF
10
Report Versioning
Not Rated
5.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
5
9.0
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
8
Single Sign-On (SSO)
8
10.0
Responsive Design for Web Access
10

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