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Vena review
May 11, 2023

Vena review

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

Overall Satisfaction with Vena

Our organization uses Vena for budgeting, forecasting, FP&A, and balances and transactions reporting. In November of each year we distribute fillable budget templates to our budget managers who populate them with their applicable budget and supporting documents. We also use Vena to forecast our approaching year ends in a similar manner.
  • enable alternative hierarchies
  • end presentation format acceptable for executive reporting
  • integration with Excel functionalities
  • Cannot see any visual identifiers (like blue fonting) to mark where drilldown is possible
  • Rendering speed could be improved (only able to effectively load 3 years of transaction history)
  • Building complex reports needs IT support

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

  • - improved report redering time
  • - allowed insights into non-financial areas
  • drilldown on data needs improvement and so some decreases in efficiency noted
The support process has been excellent throughout.
Our budgeting and forecasting process has improved significantly as users can easily track progress and iterations of work.
Vena was chosen as it provided good overall functionality into the budgeting, forecasting and FP&A areas that we really needed to develop.
Vena is great for FP&A analysis, budget and forecasting. We are also trying to use it as a transaction tool for our accounting department and it is here where we are running into challenges. Our accounting department needs to drill through balance sheet detail often more than 3 years. Since we have 13 hierarchies we are finding the rendering speed not sufficient and so have had to restrict our model to 3 years of transaction data.

Vena Feature Ratings

9.2
Long-term financial planning
9
Financial budgeting
10
Forecasting
10
Scenario modeling
8
Management reporting
9
Consolidation and Close ()
Not Rated
9.0
Financial Statement Reporting
8
Management Reporting
9
Excel-based Reporting
10
Automated board and financial reporting
9
9.0
Cost and profitability analysis
9
10.0
Excel data integration
10
8.0
Customizable dashboards
8
8.0
Drill-down analysis
8
Formatting capabilities
8
Report Output and Scheduling ()
Not Rated
Data Discovery and Visualization ()
Not Rated
9.2
Multi-User Support (named login)
9
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
9
Report-Level Access Control
10
Single Sign-On (SSO)
9
Mobile Capabilities ()
Not Rated