Power of Automation
May 23, 2023

Power of Automation

Simon Chung | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

Vena is used to automate routine reports that are use on a daily basis. Also, we intend to use Vena for financial reporting as we need data across multiple departments such as sales, finance, and etc. Vena also allows us to save time and report data in a timely manner.
  • Automate reports
  • Combine data across departments such as sales, finance, accounting, etc.
  • The report is easily to generate once it is set up
  • I think the initial set up of the report requires some time. It is not the most user friendly tool to use.
  • It might be difficult to train other users to begin using Vena.
  • There should be templates set up so it could be used from the start.

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?

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

  • I am not sure how much Vena is costing the company, but we are still in the process of building the reports. I think the time saving will be worth the cost if we are able to integrate the software with what our organizing is planning for its use.
I am not part of the implementation process, Vena has a fluence team or third party team to help us integrate Vena with our current system.
We are still in the initial set up phase, but I think it will help us with our month-end close and allow the top executives to see the results on a timely basis to make decision.
I think Vena is more efficient than workiva, but i don't think my previous organization had purchase the full access of workiva.
Vena is well suited for financial reporting and budgeting as we require data across many departments. The consolidation of data allow us to accurately analysis financial statements and report our statements to the public in a timely manner.

Vena Feature Ratings

Long-term financial planning
8
Financial budgeting
8
Forecasting
8
Scenario modeling
8
Management reporting
8
Financial data consolidation
9
Journal entries and reports
8
Multi-currency management
5
Intercompany Eliminations
8
Minority Ownership
Not Rated
Local and consolidated reporting
8
Detailed Audit Trails
8
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
8
Automated board and financial reporting
9
XBRL support for regulatory filing
Not Rated
Personalized dashboards
7
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
7
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
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
8
Formatting capabilities
8
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
8
Publish to Web
Not Rated
Publish to PDF
8
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
Pattern Recognition and Data Mining
Not Rated
Multi-User Support (named login)
8
Role-Based Security Model
8
Multiple Access Permission Levels (Create, Read, Delete)
8
Report-Level Access Control
8
Single Sign-On (SSO)
8
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated