Vena, great tool for complex Excel collaboration
Updated November 06, 2025

Vena, great tool for complex Excel collaboration

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

Overall Satisfaction with Vena

We implemented Vena for the planning and budgeting process, reporting, and consolidation as well in combination with Fluence. On the other hand, we also use it for more non-financially driven functionalities like resource planning or project risk management.

Pros

  • Facilitate collaboration across the company
  • Workflow management

Cons

  • Industry Solutions (Best Practices)
  • Reproducing templates
  • Improved the budget process
  • Saved costs in comparison to former planning- and budgeting tooling
  • Less involvement of IT-resources
They managed more or less the implementation, configured to the needs of the organization, and afterward hand it over to internal employees for maintenance and further development of the functionalities within the Vena tool.
n/a
Cost/benefit decision

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?

Yes

Would you buy Vena again?

Yes

It is well suited to collaborate with departments overarching within your company. For example, setting up a budget where several departments need to deliver their input and you will facilitate the process, and keep an eye on the process. I think it is less appropriate for organizations with a low maturity level in finance, as the tool is really flexible, and if you don't have a clear vision of your needs, maybe Vena is not the way to go as it will not guide you in the process. It's really open/flexible to set up, so you need to know what you want.

Vena Feature Ratings

7.6
Long-term financial planning
8
Financial budgeting
8
Forecasting
8
Scenario modeling
7
Management reporting
7
6.8
Financial data consolidation
7
Journal entries and reports
7
Multi-currency management
Not Rated
Intercompany Eliminations
7
Minority Ownership
7
Local and consolidated reporting
7
Detailed Audit Trails
6
7.0
Financial Statement Reporting
7
Management Reporting
6
Excel-based Reporting
9
Automated board and financial reporting
6
XBRL support for regulatory filing
Not Rated
7.0
Personalized dashboards
5
Color-coded scorecards
9
KPIs
9
Cost and profitability analysis
6
Key Performance Indicator setting
7
Benchmarking with external data
6
8.5
Flat file integration
Not Rated
Excel data integration
9
Direct links to 3rd-party data sources
8
7.0
Pixel Perfect reports
10
Customizable dashboards
5
Report Formatting Templates
6
8.0
Drill-down analysis
8
Formatting capabilities
9
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
7
7.0
Publish to PDF
7
6.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
6
9.3
Multi-User Support (named login)
9
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
9
Single Sign-On (SSO)
10
Mobile Capabilities ()
Not Rated

Vena Solutions Attributes

Really top-notch tech support. However, the software is that stable, you don;t need them often.
If you can think of it, you can build it in vena.

Using Vena

250 - Finance
2 - Business consultant, IT Professional
  • Consolidation
  • CashFlow planning
  • Strategic Planning
  • Task Flow
  • Disclosure management
  • Intercompany Matching
  • Project Mangement
Pretty sure we will. However we are also pretty locked in now.

Evaluating Vena and Competitors

Vena Implementation

Very fast results!
  • Don't know
Change management was a big part of the implementation and was well-handled
  • Fast
  • Easy
  • Minimal technical IT support

Vena Training

  • No Training
  • In-Person Training
Always the best, face to face training in my opinion
Nice for picking up the basics
I think always the best to get trained on the job

Configuring Vena

Very flexible
Don't paint yourself in the corner of the room. It's flexble, and exactly that is the risk
A lot of data mapping for non-central ERP companies

Vena Support

ProsCons
Quick Resolution
Knowledgeable team
Kept well informed
Support cares about my success
Poor followup
Problems left unsolved
Escalation required
Need to explain problems multiple times
Slow Initial Response
No, we work with local integration partner
Yes - Very satisfied
With the setup of our consolidation solution.

Using Vena

ProsCons
Like to use
Easy to use
Quick to learn
Unnecessarily complex
Requires technical support
Inconsistent
Cumbersome
Lots to learn
  • Task flow
  • Excel User Interface
  • Audit Trail
  • Not in memory
  • Excel look and feel, nog fancy reports
  • data integration a bit shabby

Vena Reliability

very scalable
Good to deal with
Yes, it slows down

Integrating Vena

Easy to set up
  • SAP
  • SalesForce
  • File import/export
  • API (e.g. SOAP or REST)
  • ETL tools
Dont integrate to much

Relationship with Vena Solutions

Very easy
Still very nice (as they sell consulting hours)
Hours x rate

Upgrading Vena

  • Costs
  • Ease of use
  • Fast implementation
  • In-memory reports
  • More industry solutions
  • better integrations with legacy systems

Comments

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