A time-saving financial tool
March 11, 2025

A time-saving financial tool

Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

In my organisation Vena is used by our finance department as a way to enhance productivity and allow for more complex and robust calculations. This allows us to plan our budget and expenses more effectively and in more detail. Vena eliminates manual work this saving a lot of employee's time.

Pros

  • Budgeting and expense tracking
  • Good customer service
  • Excel integration

Cons

  • Steep pricing
  • Coding knowledge is required
  • Multi-year contracts
  • Saved employee time
  • Helped with budgeting
  • Increased forecasting accuracy

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 think Vena is well suited for medium to large businesses for usage in the financial department to easily plan budgets and expenses. Once the department is familiar with the software, it saves a lot of time. In my opinion, for smaller businesses, the steep pricing and multi-year contracts to use Vena are just not worth it.

Vena Feature Ratings

8.5
Long-term financial planning
8
Financial budgeting
9
Forecasting
Not Rated
Scenario modeling
Not Rated
Management reporting
Not Rated
6.7
Financial data consolidation
7
Journal entries and reports
7
Multi-currency management
8
Intercompany Eliminations
6
Minority Ownership
6
Local and consolidated reporting
6
Detailed Audit Trails
7
9.0
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
9
XBRL support for regulatory filing
9
5.7
Personalized dashboards
6
Color-coded scorecards
5
KPIs
Not Rated
Cost and profitability analysis
6
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
9.0
Flat file integration
Not Rated
Excel data integration
9
Direct links to 3rd-party data sources
Not Rated
7.3
Pixel Perfect reports
7
Customizable dashboards
7
Report Formatting Templates
8
6.3
Drill-down analysis
Not Rated
Formatting capabilities
8
Integration with R or other statistical packages
6
Report sharing and collaboration
5
7.5
Publish to Web
7
Publish to PDF
9
Report Versioning
8
Report Delivery Scheduling
6
5.8
Pre-built visualization formats (heatmaps, scatter plots etc.)
6
Location Analytics / Geographic Visualization
5
Predictive Analytics
6
Pattern Recognition and Data Mining
6
7.4
Multi-User Support (named login)
7
Role-Based Security Model
7
Multiple Access Permission Levels (Create, Read, Delete)
8
Report-Level Access Control
8
Single Sign-On (SSO)
7
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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