Vena is the perfect financial reporting and budgeting software
Updated August 30, 2023

Vena is the perfect financial reporting and budgeting software

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

Overall Satisfaction with Vena

We have created several customized reports for our organization and plan to use Vena for our monthly variance analysis and annual budget process. Vena is currently only being used by our finance department at the moment, but we plan to roll out Vena to the entire company within the next couple months. Vena will be used by all departments (baseball operations, scouting, technology, engineering, corporate partnerships) for our budget process. Vena
has allowed us to have more complex, customized reporting.
  • Vena has the ability to create dynamic reports and manage our budgets/forecasts in one system while allowing end-user comments within the reports.
  • The end-user interface is intuitive and easy to use, even for those users who don't work with excel.
  • Vena has allowed us to provide the executive team more timely reporting and
  • better transparency.
  • The reports and templates can take up to 1-2 minutes to open, which can be frustrating when you want to pull a number or send a report quickly.
  • The GL data load also takes 20-25 minutes to refresh. So if we post entries to our GL and want to capture them in our Vena reports, we have to manually kick off a refresh and wait 25 minutes to run the new reports.
  • Steep learning curve for the Modeler role.

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?

No

Did implementation of Vena go as expected?

No

Would you buy Vena again?

Yes

  • The sales/marketing team told us to expect a 6 week implementation, but it has been closer to 6 months and we are just now at a point where we can roll Vena out to all users. Definitely a break in communication between the sales team and the design/implementation teams on the timeline and amount of work it takes for an implementation.
  • We have not been in Vena long enough to determine ROI or time save on our overall business objectives, but we are happy with the reporting and capabilities.
Vendor continues to support us via email and coaching calls if necessary.
The ability to create dynamic reports and manage our budgets/forecasts in one system while allowing end-user comments will save our team a ton of time and effort.

Vena has allowed us to have more complex, customized reporting. We can easily set permissions and restrictions to provide appropriate access to users across the entire company. Vena has allowed us to provide the executive team more timely
reporting and transparency.
Vena has better reporting and budgeting functions than NetSuite Budgeting & Reporting when we compared the two. The Kansas City Chiefs currently use Vena and they had nothing but good things to say about it so that gave us confidence to go with Vena.
We have created several customized reports for our organization and plan to use Vena for our monthly variance analysis and annual budget process. The ability to create dynamic reports and manage our budgets/forecasts in one system while allowing end-user comments will save our team a ton of time and effort. The software is powerful, and the implementation
team has been able to come up with solutions to all of our requests. The end-user interface is intuitive and easy to use, even for those users who don't typically work with excel.

Vena Feature Ratings

Long-term financial planning
Not Rated
Financial budgeting
9
Forecasting
10
Scenario modeling
Not Rated
Management reporting
10
Financial data consolidation
10
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
10
Financial Statement Reporting
10
Management Reporting
8
Excel-based Reporting
10
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Personalized dashboards
10
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
Not Rated
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
9
Publish to Web
10
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
10
Pre-built visualization formats (heatmaps, scatter plots etc.)
Not Rated
Location Analytics / Geographic Visualization
Not Rated
Predictive Analytics
Not Rated
Pattern Recognition and Data Mining
Not Rated
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Report-Level Access Control
10
Single Sign-On (SSO)
10
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

Vena Solutions Attributes

Support has always been very helpful and continue to work through our issues until they are fully resolved.
The overall usability is a 10. The product is great and solves a variety of problems.

Using Vena

35 - All business functions (finance, human resources, technology, baseball operations, scouting, corporate partnerships, sales).
3 - Finance team (analytical skills, CPA background)
  • Financial Reporting
  • Budgeting
  • Forecasting/Cash Management
  • Variance Analysis
  • Customized Financial Reports
  • Users can input comments to explain accounts are over/under budget
  • Users can drill into numbers to get to the detailed transactions
  • Budget/Forecasting Templates
  • Full Season/Game Revenue Planning
We are very happy with Vena and plan to renew in the future.