Vena - Great, versatile and effective FP&A solution
November 02, 2022

Vena - Great, versatile and effective FP&A solution

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

Overall Satisfaction with Vena

Vena is being used as an FP&A solution, consuming accounting ledger and other ad hoc KPI data to produce various pieces of consistent management information packs / decks and other pieces of analysis. Such outputs/models input: 1. MTP / Budgeting 2. Workforce planning 3. Management Information packs 4. Board packs 5. Ad-hoc analysis
  • Data visualisation
  • Consistent Finance outputs
  • Easy read/write interface with the data cube
  • High ROI / value proposition
  • Integration to older accounting software

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?

I wasn't involved with the selection/purchase process

Did implementation of Vena go as expected?

Yes

Would you buy Vena again?

Yes

  • Hugely feed up time spent on MI reporting
  • Less time spent on mundane data management
  • More focus on value-added analytics
  • Allows more detail in answering questions / offering insights
Vena supported the organization through the sales process and after implementation by offering free web-based training to all users, as well as offering access an extensive knowledge base and a support team which can answer ad-hoc questions. We also chose to procure additional Vena consultant time in order to build out specific reports / models for us, which were more complex that our other reports - this was very useful and offered good ROI.
Yes - Vena has enabled our organization to use financial data to make more agile or rapid business decisions. This was done by allowing drill-downs of data, visualisation and effective automation of standard reports. We're also excited to start using Vena's integration with PowerBI to allow for enhanced predictive analytics to compliment our existing forecasting process.
Tableau Desktop, HSQLDB (Hyper SQL Database)
SMEs looking to add / build out an FP&A function should look to implement Vena. Even if systems across the board are not yet considered "best-in-class" Vena has the adaptability within the software to flex to the needs of the business. This is especially the case where there needs to be multiple data sources feeding into 1 system, such as finance, HR, sales etc.

Vena Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
8
Scenario modeling
8
Management reporting
9
Financial data consolidation
7
Journal entries and reports
8
Multi-currency management
6
Intercompany Eliminations
6
Minority Ownership
6
Local and consolidated reporting
7
Detailed Audit Trails
10
Financial Statement Reporting
9
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
5
Personalized dashboards
10
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
10
Key Performance Indicator setting
9
Benchmarking with external data
9
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
9
Pixel Perfect reports
9
Customizable dashboards
10
Report Formatting Templates
10
Drill-down analysis
8
Formatting capabilities
10
Integration with R or other statistical packages
7
Report sharing and collaboration
8
Publish to Web
7
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
10
Pre-built visualization formats (heatmaps, scatter plots etc.)
7
Location Analytics / Geographic Visualization
7
Predictive Analytics
9
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
10
Dashboard / Report / Visualization Interactivity on Mobile
10