Vena a great solution for financial reporting budgeting and dashboards
November 10, 2025

Vena a great solution for financial reporting budgeting and dashboards

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

Overall Satisfaction with Vena

We are using Vena across our organization for budgeting, forecasting, financial reporting, dashboarding and data analytics. This includes our operations, marketing, sales, executive and finance teams. We needed a comprehensive tool that could allow efficiency improvements in budgeting/forecasting, financial reporting and also have capabilities for dashboarding and analysis to help us better use our data.

Pros

  • Preparation of financial reports in an automated/systematic way
  • Ability to drill from high level financial numbers into the details
  • Managing a workflow for budgeting/forecasting process that allows for detailed access for individual people/teams
  • Once you learn how to map reports, editing or creating new reports isn't difficult
  • Ability to set up reports in a wide range of different ways: users can select report filters, showing summary amounts vs expanding details, etc.

Cons

  • Seems like notification capability could be expanded to allow for more customization and flexibility of notifications
  • Out of the box account reconciliation functionality needs some adjustments: should reconcile total ending balance, not change in balance. Little more intuitive and intentional setup for users to attached supporting documentation.
  • Need to investigate improved processing power for Insights to ensure even complex dashboards can run quickly.
  • Automated monthly financial statements saves us 3 hours a month.
  • Moving reporting away from IT has begun to save hours of IT involvement, which will only grow as we shift more reports to Vena. This frees up IT to work on more important IT initiatives.
  • Using budget templates saved hours of copy and paste time when gathering inputs from each department.
The Vena team has been very responsive to our needs during the whole process. We've had a dedicate salesperson to work through, and then a dedicated project manager to lead us through implementation. Now that we've gone live we have a dedicated account manager so we know where we can go to get support. They have responded quickly to any of our inquiries or issues.
Vena has enabled our finance team to take ownership for reporting requirements needed by the company. This is a huge improvement over reporting changes that go to an IT ticket and the uncertainty about when they can be completed. IT shouldn't be a reporting and analysis function. This has improved our ability to provide reports timely for leadership requests.
Implementation of any tool like this required a lot of effort and detailed preparation. However, Vena is less complicated than some of the other tools out there. Vena is well suited for the size of our organization and to be managed by a couple finance people with little involvement from IT other than source data feeds.

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 has worked really great for us to set up automated financial statements that automatically update each month with no effort. The budgeting process has worked out really well and has strong capabilities for what most organizations need. Their dashboard has a lot of great capabilities, though sometimes requires additional Vena support to set up properly. We like using their account reconciliation tool as a relatively unexpensive add-on, but may not be the best in class among reconciliation tools.

Vena Feature Ratings

10.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
10.0
Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
10
10.0
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
Not Rated
10.0
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
10.0
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
Not Rated
9.5
Pixel Perfect reports
9
Customizable dashboards
10
Report Formatting Templates
Not Rated
10.0
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
10
6.3
Publish to Web
5
Publish to PDF
5
Report Versioning
10
Report Delivery Scheduling
5
10.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
10
Location Analytics / Geographic Visualization
10
Predictive Analytics
10
Pattern Recognition and Data Mining
10
10.0
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Report-Level Access Control
10
Single Sign-On (SSO)
10
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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