Vena has been a great resource
May 12, 2023

Vena has been a great resource

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

Overall Satisfaction with Vena

Vena is being used across all departments at the corporate level. As a part of the finance team, I help oversee usage of Vena by a variety of contributors in nearly all departments. We use Vena to connect data contributors, analysts, and data consumers so there is only one source of truth to maintain. There are a variety of problems addressed, including annual planning and budgeting.
  • The way it connects data contributors, analysts, and data consumers so there is only one source of truth to maintain
  • So far it has been very easy to get non-technical employees comfortable enough with Vena to use it effectively as a contributor
  • Documentation and training resources for Vena have been very helpful
  • I have some frustrations with the limits of Vena as it is used in Excel. For example, if contributors filter or sort tables in input forms it often causes issues with the dimension mappings.
  • Vena appears to limit it's connections to Microsoft products. It could be useful to be able to connect to other software.
  • Some aspects of modeling in Vena are very manual, and options to make changes to multiple members at a time is limited.

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?

I wasn't involved with the implementation phase

Would you buy Vena again?

Yes

  • Saved time by removing the need to check data is current
  • Reduced stress of needing to identify multiple sources of data
  • Increased confidence that planning and forecasting is based on current and accurate data
I was not involved in the sales or implementation processes, but support from Vena in my usage has been great. The documentation that exists cover nearly all problems I could come across, and it is usually easy to find the article relevant to my problem. In the rare cases where the documentation is insufficient, Vena has been quick to respond with helpful and direct support.
Because of the time saved in compiling, organizing, and analyzing data we are able to reevaluate data more often. Our financial forecasting is adjusted every period based on market conditions, company news, and other factors. Vena makes it very simple to include current considerations in our decision-making as a team.
In other workplaces data has been kept in Excel files saved to individual computers. This makes the gathering and analysis of data much more difficult because it can not often be trusted to be current or accurate. Vena has been a great resource for maintaining data across teams and departments and allows those of us performing analysis to do so with more confidence.
Vena has worked very well as a way for our finance team to gather current data from a variety of departments. This streamlines the annual planning process and ensures single sources of truth so there is no room for confusion. There are some limits in how well Vena can be used within Excel, but we are generally able to work around that.

Vena Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
Not Rated
Management reporting
Not Rated
Financial data consolidation
10
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
Not Rated
Financial Statement Reporting
10
Management Reporting
Not Rated
Excel-based Reporting
Not Rated
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Personalized dashboards
Not Rated
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
8
Direct links to 3rd-party data sources
Not Rated
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
Not Rated
Drill-down analysis
Not Rated
Formatting capabilities
Not Rated
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
Not Rated
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
Pattern Recognition and Data Mining
Not Rated
Multi-User Support (named login)
Not Rated
Role-Based Security Model
Not Rated
Multiple Access Permission Levels (Create, Read, Delete)
Not Rated
Report-Level Access Control
Not Rated
Single Sign-On (SSO)
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated