Vena - makes FPA easy
February 19, 2026

Vena - makes FPA easy

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

Overall Satisfaction with Vena

We use Vena across the whole organization. We needed a tool that allows us to monitor actual performance against budget on a monthly basis once we close the month. Previously it took several days to prepare the Actual vs Budget numbers by department. We also wanted the ability to prepare forecasts under different scenarios to assess the impact of various strategic decisions.

Pros

  • Connects seamlessly with NetSuite and Salesforce
  • Preparing your own reports is very easy and intuitive
  • User-friendly so non-finance users are comfortable working within the tool

Cons

  • Preparing forecasts under different scenarios can be challenging. Your input templates need to be set up to toggle between the various scenarios. We found that certain templates, particularly workforce were not able to easily switch between different scenarios.
  • Connection to Bamboo - initial testing of this resulted in the history being deleted and only showing the current employees. For us it was important to have the history in Vena.
  • No native connection to Tableau - while a CSV upload is a way around would be great to have this since you already have a Power BI connection.
  • We used to spend 2-3 days in preparing variance reports once we closed the month. With Vena variance reports are updated immediately and we spend probably 1/2 day analyzing variances.
  • Being able to forecast under different scenarios means the FP&A team are able to provide quicker forecasts so management can make decisions quicker rather than waiting for outputs.
We used an outside vendor for implementation & continue to use them for support when needed.
Yes. We have connected NetSuite and Salesforce to Vena, so we now have all our data in one database. This allows us to prepare dashboards, reports which has actual, forecast data as well as customer data from Salesforce.
DataRails - was the closest to Vena but their product development seemed behind and we were concerned about their ability to continue development as well as supporting us.
Cube - poor product for us. Seemed applicable to small businesses. Limited features, inexperienced sales team, lack of internal resources.
Planful - not user friendly, very complex, seemed that you needed outside support to maintain the system.

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

Well suited:
1) Small & medium companies that are using MS Excel to manage their FP&A process will benefit immensely from Vena as it will save them time.
2) Prepare budgets and forecasts - once you set up your various models (Rev, Opex & Capex) its very easy to create a budget and/or forecasts.
3) Managing the budget process - for larger companies you can manage the whole process within Vena.

Vena is less suited to multinationals with a significant number of subsidiaries and companies and where inputs are required from many people. The Excel nature of the templates can be error prone. I am also not sure who effective Vena is when working across multiple currencies.

Vena Feature Ratings

9.3
Long-term financial planning
8
Financial budgeting
10
Forecasting
10
Scenario modeling
Not Rated
Management reporting
Not Rated
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

Vena Solutions Attributes

- Excel based so most people find it easy to use
- Report writing is very intuitive so easy to create your own reports
- The menu system is easy to follow and is logical - finding reports, input sheets, etc. is easy
- Creating your own dimensions again is super easy - really helps when you have a metric that requires a number of inputs that can easily be combined in an expression

Using Vena

6 - Finance, Marketing, Sales, R&D, Operations, HR
2 - FP&A Manager - qualified CPA with 15 years of experience. Has an excellent knowledge of how Vena has been setup and is able to build reports for departments, troubleshoot issues and maintain Vena with little outside support.

VP Finance - qualified CPA with 25 years of experience. Similar level of knowledge to the FP&A manager.
  • Preparing budgets and multiple forecasts
  • Preparing variance reports on a monthly basis
  • Providing departments access to the P&L so they can monitor their budget
  • Higher user adoption rate than expected - departments are now reviewing the budget themselves rather than asking the finance department whats "in their budget."
  • Building ad-hoc reports - we didn't initially realize how easy it was to build reports. We have created numerous reports e.g. to analyze salaries by individual, P&L by location and currency.
  • Connect to Tableau to prepare dashboards - currently we are preparing them in Excel
  • Managing the budget process from Vena - at the moment its fairly centralized in finance
  • Preparing management and board reports in PowerPoint
Vena has become an integral part of finance and our daily process. Without it we would take longer to prepare results and decisions will be delayed. Vena has given the whole organization more visibility of results and budgets so that all departments participate more actively in managing their budgets rather than it being the sole responsibility of finance.

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