Vena makes sharing financial statements easy.
October 28, 2022

Vena makes sharing financial statements easy.

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

Overall Satisfaction with Vena

We used Vena as a powerful tool to share and facilitate financial statements across the entire company. From sharing balance sheets, income statements, and cash flow, and devising templates in order to pull in budget information across the organization's departments, Vena has made it easy to organize the flow of information contribution from our entire organization.

Pros

  • Organize Budget Input.
  • Make financials accessible to users.
  • Data permissions make read restrictions scoped.
  • Vena experts are also financial experts.
  • The knowledge base is easy to use and understand.

Cons

  • It's is not easy to get an agent for immediate help.
  • adding licenses should be on the website.
  • Available lectures should be more apparent.

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?

Yes

Did implementation of Vena go as expected?

No

Would you buy Vena again?

Yes

  • Relief of IT management.
  • Save time by relying on Vena to share financial statements.
Vena experts have continued to support the organization with their guidance and assistance in the development of financial statements. Their role was crucial in developing the initial data cube that would be used to map the dimensions of all the data that would be imported to Vena to transform into financial reports. After this crucial step, Vena experts have still been available to further assist in new developments.
Vena has enabled our organization to use financial data to be more agile and efficient through its ability to control data read and write access to specific users. By limiting users to reading and writing only certain data, users are not distracted massive financial information that may not be relevant to them. Thus, making they're experiencing less overwhelming and easier to understand a financial document easier.
The experience between Vena and Microsoft Power BI is quite different. Vena masters in operating through designed templates that need to be downloaded and viewed. As far as Microsoft Power BI is more dashboard oriented in its presentation. Both have their advantages in their designs, but Vena stands out in its ability to have user contributions to the data.
The most powerful feature of Vena is the ability to set Data Permissions to restrict the access of specific levels of users in a large organization. In a large organization, there are multiple departments, a large sales force, and different types of executives. It is not necessary for each group to gain full access to see all the organization's financial information. Vena does a great job in setting up users through data permissions and task binding so that users only need to see and work with what is appropriate for each user.

Vena Feature Ratings

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

Comments

More Reviews of Vena