TrustRadius
Vena Solutions Review
https://www.trustradius.com/corporate-performance-management-cpmVena SolutionsUnspecified8.824101
Devendra Kalwani, CPA, CA profile photo
January 03, 2017

Vena Solutions Review

Score 7 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with Vena Solutions

Our organization uses Vena solutions for the following:

1) Monthly account reconciliations across all our subsidiaries and assets
2) Consolidation, statement of cash flows and other adhoc reporting requirements.
3) Reporting on standalone financial statements for all our entities
  • Dashboard provides a good summary of report status as well as prompting reviewers when individual reports are ready
  • User-friendly as it integrates Excel in providing database solutions.
  • Workflow tool is extremely helpful, identifying key points in a particular report process
  • Data loading and refreshing - Ultimately Vena was implemented to create capacity for team members performing monthly reconciliations. While the preparation time has gone down with the implementation of Vena, it has been below expectations.
  • Template building - Designing and building a template is time consuming and furthermore advanced reporting requirements will require consultant help.
  • Data issues - there have been months where we have encountered data issues whereby Vena would not pull data from our data warehouse correctly.
Vena integrates workflow and reporting very well. Where it falls short is speed and data integrity (although we have encountered significant improvement [in the] last couple of months).

Vena Solutions Feature Ratings

Long-term financial planning
Not Rated
Financial budgeting
Not Rated
Forecasting
Not Rated
Scenario modeling
Not Rated
Management reporting
8
Financial data consolidation
9
Journal entries and reports
6
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
7
Detailed Audit Trails
6
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
8
Automated board and financial reporting
8
Personalized dashboards
7
Color-coded scorecards
7
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
5
Excel data integration
5
Direct links to 3rd-party data sources
5