Item: Vena
Rating: 7
Author: Verified User

Use Cases and Deployment Scope

Vena is used for financial reporting and budgeting. The budgeting process involved more than ten departments with at least 30 users.

Pros and Cons

Vena is able coordinate budget users through workflow and setting deadlines.
Financial reporting is done through excel.
Vena is able to integrate with our custom software.

There is a steep learning curve for new users.
Interface can be more user friendly.
Need more help to address mapping issues on reports.

Key Insights

Do you think Vena delivers good value for the price?

Are you happy with Vena's feature set?

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?

Return on Investment

Month end reporting can be generated real time.
Custom reporting can help with specific analysis of a group of accounts.
When integration breaks, it requires a lot of back-and-forth work between support and our IS department.

The vendor has ongoing support where we can log tickets, and we do get a response back the same day or the next. Implementation was smooth but required a lot of user testing to ensure the integrity of the numbers.

Finance-Informed Decisions

We are able to drill down into our many departments and expense categories with ease and compare them to our budget.

Other Software Used

QuickBooks Online, Microsoft 365, Sage 50cloud Accounting

Likelihood to Recommend

Well-suited: When you have a lot of users who contribute to the budgeting process, the workflow helps to set deadlines and send out budget templates. It gathers information from all departments and summarizes them in a custom budget report that you can create. Less appropriate: If you are looking for financial reporting uses only, there are other software that is much easier to use (ex: drag and drop). Vena requires a lot of mapping work.

Quick and short.

Overall Satisfaction with Vena