Vena's power is worth the effort
May 14, 2022

Vena's power is worth the effort

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

Overall Satisfaction with Vena

We are using Vena to automate BvA reporting, quicken monthly reporting, and assist with monthly forecasting. We are using it across the whole organization to drive buy-in from the operations and help them connect to the cost-saving initiatives. Vena allows us to manage processes with strong task management features as well as quickly revise user-facing templates with the excel interface.
  • 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.

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?

No

Did implementation of Vena go as expected?

No

Would you buy Vena again?

Yes

  • Vena has allowed us to easily manage processes and frees up time for our finance team to do other critical work instead of manually tracking tasks.
  • Vena's task management has allowed us to distribute end-user templates/reports on an automated basis vs manually creating and distributing excel workbooks for each dept.
Vena's customer success/implementation team has had periodic check-ins and the implementation consultant continuously checks/confirms urgent priorities against our success timeline.
Vena has allowed us to make faster decisions based on faster forecasting timelines and faster BvA distributions.
Vena was the most complete software package with collaboration in mind.
Vena's features are very well suited for collaborative planning. The easy-to-use excel interface is easy to update and easy to manage year-over-year or period-over-period. The task management and tracking features allow a holistic view from the administrator/manager perspective to make sure tasks are completed on time. Vena also has batch features so that you can easily upload and create repetitive tasks across many departments instead of individually updating each one.

Vena Feature Ratings

Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
9
Management reporting
9
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
9
Intercompany Eliminations
9
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
10
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
Not Rated
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
10
Benchmarking with external data
10
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
Pixel Perfect reports
Not Rated
Customizable dashboards
10
Report Formatting Templates
10
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
10
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
10
Report Delivery Scheduling
10
Pre-built visualization formats (heatmaps, scatter plots etc.)
9
Location Analytics / Geographic Visualization
Not Rated
Predictive Analytics
Not Rated
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
10