Powerful tool
May 20, 2024

Powerful tool

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

Vena is used by the finance team but all departments use the reports for forecasting and controlling expenses.
Mostly field and laboratory departments will use the reports and KPI generated in the solution. Otherwise, other departments will be able to control their revenues and expenses.
The direction will use the insight part of Vena to have a quick eye on the financial situation.
  • Budgeting process.
  • Vena provides a quick eye on the financial situation
  • The zoom in function gives more details easily when we want more information
  • Saving a new file every time we want to consult a statement gets heavy
  • It is time consuming to zoom in a section of the results
  • Programming a report can be long by selecting every section.
  • Within one year, economies were made
  • Some departments don't participate enough to the process and gives issues
  • Less ressources needed for analysis
We had a meeting or 2 every week and a follow-up on our progress. The working sessions have been rough some weeks but we had the best help that could be provided.
To have it synthesized and easily accessible. The insight gives a uick eye on the financial situation and we can go further to check the part where we can have issues.
We had quotes from three different companies including Vena. Even with a higher pricing, Vena made the best impression with a powerful software and a solid solution. With another competitor, we would have to engage a bookkeeper to support our consolidation. Vena didnt request this part.

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?

No

Would you buy Vena again?

Yes

Vena is the best solution to combine our four companies partnership. Every employee consulting the statements will go thru easily and will learn very quickly.

Vena Feature Ratings

Long-term financial planning
10
Financial budgeting
8
Forecasting
6
Scenario modeling
8
Management reporting
8
Financial data consolidation
10
Intercompany Eliminations
7
Minority Ownership
8
Local and consolidated reporting
9
Detailed Audit Trails
7
Financial Statement Reporting
10
Management Reporting
6
Excel-based Reporting
8
Automated board and financial reporting
9
XBRL support for regulatory filing
9
Personalized dashboards
7
Color-coded scorecards
10
KPIs
7
Cost and profitability analysis
9
Key Performance Indicator setting
8
Benchmarking with external data
9
Flat file integration
8
Excel data integration
10
Pixel Perfect reports
8
Customizable dashboards
6
Report Formatting Templates
8
Drill-down analysis
10
Formatting capabilities
8
Integration with R or other statistical packages
8
Report sharing and collaboration
10
Pre-built visualization formats (heatmaps, scatter plots etc.)
8
Location Analytics / Geographic Visualization
7
Predictive Analytics
8
Pattern Recognition and Data Mining
9
Multi-User Support (named login)
10
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
8
Report-Level Access Control
8
Single Sign-On (SSO)
8