Saves Time and Headache
May 15, 2022

Saves Time and Headache

jay everitt | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

We use Vena in our monthly and quarterly forecast process. Besides finance, operations, supply chain, commercial, and procurement all use the product to input their relevant data input into Vena their respective Vena templates which consolidate the data and give us the answer much more quickly and accurately. Previously, there were 13 excel spreadsheets linked, saved in different folders, and constantly changing that needed to be updated and consolidated. This was an 8-hour process. After Vena, the time saved allows for more accurate information, more validating, and more analysis instead of chasing down issues with linked spreadsheets.
  • Consolidates data
  • Audit trails
  • Scenario planning
  • Extremely flexible
  • Report writing can be clunky
  • Template changes are scary
  • Nothing really else needs improvement.

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

  • IT resources were freed
  • Time saved is equal to a full headcount
  • Accuracy to the data to make good business decisions is invaluable.
Vena continues to set up quarterly meetings to ensure our satisfaction with the product. This is likened to a warranty to make sure the product is doing what was expected when we made the initial purchase.
Yes, the Vena software has enabled us to make more accurate and rapid decisions. The time saved allows us to analyze the data and even do what-if scenarios in the same amount of time as the previous process.
Vena saves time if your forecast, budgeting, or any other process is based on excel spreadsheets and workflows that have to be manually tracked, input, and consolidated. We saved 8 hours in each of our planning processes that are now utilized in the analysis of the why's instead of the what's.

Vena Feature Ratings

Long-term financial planning
9
Financial budgeting
10
Forecasting
10
Scenario modeling
8
Management reporting
4
Financial data consolidation
10
Journal entries and reports
6
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
10
Financial Statement Reporting
Not Rated
Management Reporting
9
Excel-based Reporting
10
Automated board and financial reporting
Not Rated
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
9
Excel data integration
9
Direct links to 3rd-party data sources
Not Rated
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
10
Drill-down analysis
10
Formatting capabilities
7
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
9
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
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)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
10
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated