Shortened budget cycle and minimised manual errors
May 14, 2025

Shortened budget cycle and minimised manual errors

Nina Schlotterbeck | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

Vena is a basis for our finance and accounting departments as far as budgeting, forecasting, and financial consolidation are concerned. The platform is now central to our planning process taking financial planning away from manual spreadsheets to a more structured and collaborative environment.

Pros

  • Automation of Vena’s workflow has created a big difference in our efficiency in terms of time of dealing with repetitive tasks.
  • The audit trail feature of the platform guarantees transparency and accountability and therefore, necessary for compliance and internal analysis.
  • The audit trail feature could guarantee transparency when it comes to changes. Custom report templates take hours of repetitive work.

Cons

  • There is an outdated feel in some modules, the learning curve is steep to some and additional resources would go a long way to encourage user adoption of UI.
  • Exporting reports into any other format than Excel is clumsy. We’d also prefer more AI-driven predictive analytics.
  • The introduction of Vena has yielded more accurate forecasting of the figures and a better relationship between the departments.
  • We have enhanced our strategic planning and resource allocation this has had a great positive impact on our overall business performance.
Vena’s customer support has been very proactive and very knowledgeable in guiding us in customizing platforms to be unique to our needs. Their advice has played a key role in optimizing the platform’s value.
The ability of Vena to consolidate real time data has empowered our leadership team to make timely and sound business decisions especially in times of financial instability.

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 ideal for organizations with elaborate financial structures that need in- depth analysis and reporting. Nevertheless, the platform will be too deep for companies with more simplistic needs to the point of being overwhelming.

Vena Feature Ratings

10.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
Not Rated
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Not Rated
Financial Statement Reporting
Not Rated
Management Reporting
Not Rated
Excel-based Reporting
Not Rated
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
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
Not Rated
Flat file integration
Not Rated
Excel data integration
Not Rated
Direct links to 3rd-party data sources
Not Rated
Not Rated
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
Not Rated
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
Not Rated
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
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
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
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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