Vena is a great tool for Budgeting and Forecasting.
October 20, 2022

Vena is a great tool for Budgeting and Forecasting.

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

Overall Satisfaction with Vena

Vena has replaced a manual Excel forecast template we used to have in place. It is widely used by the accounting department for budgeting/forecasting and financial analysis and reporting. It is also used by each department to update its quarterly forecast. It has significantly reduced time and errors from the manual process we had in place. We can easily track changes and see who inputted certain data. Vena is very simple to learn and requires little training for the end users since it is basically just like working in Excel.
  • Simplified the budgeting and forecasting process.
  • Allows end users to run certain reports as needed.
  • Significantly reduced time and errors from manual processes.
  • Wish there was an option for multiple people to use a check-in and checkout file like a shared file.
  • Speed of report writing is not bad but could always use improvement.
  • Wonderful product that really does not need many things to improve on in the way that we currently use it.

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

  • Freed up time so that we can spend more time on review and analysis.
  • Simplified the budgeting and forecasting process.
  • Allowed use of internal reports to be ran by end users as needed.
They walked us through the whole process and let us know how it would improve our current process. They helped us create reports and let us create our own reports as we were implementing Vena. The integration was very simple and went very smoothly. They check up on us and make sure everything is working fine and if there is anything else we could need to improve.
We feel much more comfortable with our forecasting and budgeting since we are able to spend more time on analysis and review instead of creating templates and verifying and matching numbers. The numbers are more accurate and more reliable now and our management team has much more confidence in the results.
Vena is the only product we have used this intensely.
Our company has many departments that used to take a whole day to create templates and email each department head. Vena has allowed just the push of a button to automatically send out each department template to each individual department manager. This has significantly reduced time in budget and forecast creation. It has allowed us to track changes easily and determine different scenarios. I cannot imagine a situation in which Vena's capabilities are not needed.

Vena Feature Ratings

Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
9
Management reporting
9
Financial data consolidation
9
Journal entries and reports
8
Multi-currency management
9
Intercompany Eliminations
8
Minority Ownership
Not Rated
Local and consolidated reporting
9
Detailed Audit Trails
9
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
9
XBRL support for regulatory filing
Not Rated
Personalized dashboards
9
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
8
Benchmarking with external data
8
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
8
Pixel Perfect reports
8
Customizable dashboards
8
Report Formatting Templates
8
Drill-down analysis
9
Formatting capabilities
9
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
8
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)
8
Role-Based Security Model
Not Rated
Multiple Access Permission Levels (Create, Read, Delete)
9
Single Sign-On (SSO)
8
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated