Vena Solutions
December 22, 2016

Vena Solutions

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

Overall Satisfaction with Vena Solutions

We use Vena for budget, forecasting and long-range planning. Vena helps us manage our spreadsheet distribution and data collection. It takes our data and puts it into a database that automatically consolidates and aggregates our data. We also use Vena to track personnel costs and for forecast timing of new hires.
  • Vena’s strengths are its power in consolidation and aggregation of data. Vena provides instant visibility into data from multiple business dimension levels.
  • The workflow functionality allows us to easily manage the ownership and distribution of the spreadsheets supporting our process. The tool is intuitive and the GUI is great.
  • Version and change control of spreadsheets.
  • The tool lacks a true personnel module. We needed to build and rely on complex spreadsheets to capture all calculations and run scripts to cost out our actions. It was time-consuming to build, lacks predictable accuracy and is less flexible than I would have preferred.
  • Vena needs a more mature implementation process and approach. A more formal process and more project management support would be beneficial.
  • The solution build relies too heavily on future consultant involvement to make changes or leverage functionality.
Vena is easier to use than Prophix but Prophix has a personnel module and more flexible ad-hoc reporting capabilities.
Vena is a good choice if you are a small company who wants to automate your Excel spreadsheets and can benefit from a workflow process. Vena is not a solution if you want to track employee level detail to forecast and budget employee costs.

Vena Feature Ratings

Long-term financial planning
4
Financial budgeting
6
Forecasting
6
Management reporting
6
Financial data consolidation
7
Journal entries and reports
Not Rated
Multi-currency management
7
Intercompany Eliminations
7
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
9
Financial Statement Reporting
7
Management Reporting
7
Excel-based Reporting
9
Automated board and financial reporting
7
Flat file integration
8
Excel data integration
9
Direct links to 3rd-party data sources
8