Vena - On the Surface Level
Updated May 09, 2023

Vena - On the Surface Level

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

Vena is being used to help with budgeting and forecasting in my department and also acts as a way to obtain information from our ERP system. It is currently being used in our accounting and finance team. It saves a lot of time during month-end processes when we need to summarize accounting balances and do variance analyses because Vena is able to summarize and compare them all in one report as opposed to generating several reports to produce the same outcome.
  • Summarization of consolidated information.
  • Ease of use.
  • Time-Saving.
  • More customization available to the user (user can explore options).
  • software implementation process should be faster.
  • A summary of all the functions available for use by the user.

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?

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

  • Increased efficiency.
  • Saves lots of time.
  • Saved opportunity costs.
Vena's interface and software felt more intuitive to use than the other companies that our company had considered using. In addition, the community that supports and backs up Vena is immense and extremely friendly. To me, this seems like a good indicator that Vena is used around the world and has something to offer to everyone.
In my experience, Vena was mostly well suited for forecasting and budgeting and also for variance analyses to crack down on cost consumption and identify areas of improvement from an operational standpoint. Areas where Vena is less appropriate to be used is on ad hoc analyses need to be performed on single accounts in our GL system.

Vena Feature Ratings

Long-term financial planning
8
Financial budgeting
7
Forecasting
7
Scenario modeling
6
Management reporting
8
Financial data consolidation
7
Journal entries and reports
7
Multi-currency management
7
Intercompany Eliminations
7
Local and consolidated reporting
7
Detailed Audit Trails
6
Financial Statement Reporting
7
Management Reporting
7
Excel-based Reporting
7
Automated board and financial reporting
7
XBRL support for regulatory filing
6
Personalized dashboards
7
Color-coded scorecards
5
KPIs
6
Cost and profitability analysis
7
Key Performance Indicator setting
7
Benchmarking with external data
7
Flat file integration
7
Excel data integration
7
Direct links to 3rd-party data sources
7
Pixel Perfect reports
6
Customizable dashboards
7
Report Formatting Templates
8
Drill-down analysis
6
Formatting capabilities
7
Integration with R or other statistical packages
6
Report sharing and collaboration
7
Publish to Web
5
Publish to PDF
7
Report Versioning
6
Report Delivery Scheduling
7
Pre-built visualization formats (heatmaps, scatter plots etc.)
6
Location Analytics / Geographic Visualization
8
Predictive Analytics
7
Pattern Recognition and Data Mining
Not Rated
Multi-User Support (named login)
7
Role-Based Security Model
8
Multiple Access Permission Levels (Create, Read, Delete)
7
Report-Level Access Control
Not Rated
Single Sign-On (SSO)
6
Responsive Design for Web Access
7
Dashboard / Report / Visualization Interactivity on Mobile
7