Velvety Financial Planning with Room for change for the better.
Updated January 29, 2025

Velvety Financial Planning with Room for change for the better.

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

Overall Satisfaction with Vena

Vena is helping to solve problems regarding Manual financial processes, data consolidation, and collaborative planning by automating our company tasks like budgeting, forecasting, and reporting; Vena gets rid of the time-consuming and error-prone manual steps, liberating more time for analysis and decision-making. Its Unified platform ensures that all our financial data is stored in one place, making it easier to access and analyze without worrying about discrepancies. The collaborative tools also benefit our team by allowing my team to work together in a real team, Refine the approval and review process, and enhance efficiency. This, in the long run, results in faster, more accurate financial planning and decision-making.

Pros

  • What i like best about Vena is that it is very seamless Excel integration.
  • Vena fosters collabs across teams, helping multiple members to work together on financial planning in real-time enhancing overall efficiency.
  • We now also can automate manual processes like budgeting, consolidation of data and reporting saves my valuable time and also reducing the risk of errors.

Cons

  • Some time Vena's main challenge is its Learning curve.
  • Although it integrates smoothly with Excel, its best features, like Automation and reports building, can take time.
  • Time and Cost Saving: Automating budgeting, forecasting, and reporting saves time and money while minimizing errors.
  • Freed IT assets:- By concentrate on data and streamlining financial workflow.
  • Improved Decision-Making: Faster and more accurate financial reporting has increased decision-making.
The vendor has been highly supportive in sales process as well as in post-implementation phase. During the sales process, they provides clear demonstrations, addressing specific business needs and ensuring that vena would be very good fit for our organization. their customer support team was responsive and very helpful. This level of support contributed long-term success with vena.
Vena has enabled our organization to make more agile business decisions by providing real-time access to the consolidated financial data. With its automation of budgeting, forecasting, and reporting, we now have faster insights into financial performance, allowing us to quickly modify to changing business conditions. The scenario modeling feature helps us to analyze different financial outcomes, makes it easier to plan for uncertainties and respond with well informed strategies.
Vena stands out from competitors due to its seamless Excel integration, which allows us to leverage a tool we are already familiar with while adding automation, collaboration, and advanced financial planning. Unlike some platforms that require fully new systems, Vena's Excel-based approach made taking on smoother and less disruptive for our team. Additionally, Vena offers robust data consolidation and scenario modeling features, which provide faster decision-making.

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

Vena is well suited for my company, which has Complex financial planning and forecasting needs and especially depends on Excel. Its slick processes, like budgeting, scenario modeling, and data consolidation, make it very easy to collaborate across departments and reduce errors perfectly. It's also beneficial for boosting financial and reporting.

Vena Feature Ratings

Long-term financial planning
9
Financial budgeting
10
Forecasting
10
Scenario modeling
9
Management reporting
9
Financial data consolidation
9
Journal entries and reports
9
Multi-currency management
9
Intercompany Eliminations
9
Minority Ownership
9
Local and consolidated reporting
9
Detailed Audit Trails
9
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
9
XBRL support for regulatory filing
9
Personalized dashboards
10
Color-coded scorecards
10
KPIs
9
Cost and profitability analysis
8
Key Performance Indicator setting
8
Benchmarking with external data
8
Flat file integration
9
Excel data integration
10
Direct links to 3rd-party data sources
9
Pixel Perfect reports
9
Customizable dashboards
9
Report Formatting Templates
9
Drill-down analysis
9
Formatting capabilities
9
Integration with R or other statistical packages
9
Report sharing and collaboration
10
Publish to Web
9
Publish to PDF
9
Report Versioning
10
Report Delivery Scheduling
10
Pre-built visualization formats (heatmaps, scatter plots etc.)
9
Location Analytics / Geographic Visualization
9
Predictive Analytics
9
Pattern Recognition and Data Mining
9
Multi-User Support (named login)
9
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
9
Report-Level Access Control
9
Single Sign-On (SSO)
9
Responsive Design for Web Access
9
Dashboard / Report / Visualization Interactivity on Mobile
9

Vena Solutions Attributes

If I had to rate the overall support for Vena based on my experiences, I would give it a 9 out of 10. The support team is very responsive, providing best assistance during both the implementation phase and ongoing use of the Vena. They have been proactive in offering training resources and addressing me very well, which significantly enhances the user experience and overall satisfaction with the Vena.
I would rate Vena's overall usability as an 8 out of 10. Vena offers a user-friendly interface, especially for those familiar with Excel, making it relatively easy to use. Most features are intuitive. However, some advanced functionalities may require more training or time to master, so it's not a perfect score. Overall, Vena provides a solid user experience that supports efficient financial planning.

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