Vena is the Batman of budgeting.
January 31, 2019
Vena is the Batman of budgeting.
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Vena Solutions
We use Vena across our entire organization for budgeting and forecasting of all financial metrics. Department owners input their budgets, finance reviews inputs and then creates quarterly forecasts based on actuals that roll into Vena. Most recently we have started to use Vena for monthly variance analysis as well as income statement analysis.
- Integration with Excel is seamless. I can use the newest formulas and functions as well as macros in my workbooks in my workbook without running into vena limitations. In fact, Vena makes excel better with additional easy to use and very powerful functions.
- Very quick and easy to update with daily accounting software updates.
- User-friendly process mappings that run the show.
- Permissions for power users is underdeveloped. For example, no permission for a power user to act as admin in all groups but their own. - you can’t make someone an admin over certain groups without giving them the rights to change their own permissions.
- Vena is always rolling out new functions and views making it difficult to have consistency in some of the tools you use regularly in Vena. It just requires that you read every update summary.
- Doesn’t play well with Mac. They are getting better at this but for a long time Vena was inaccessible to Mac users and is really only available on a basic user level for Mac.
- Allows for for department heads and budget owners to be more active in the budgeting process
- Created source of truth for budgeting and forecasting that prevents errors and centralized information
Vena is really an easy to use and powerful data centralization tool. If you are proficient the with Excel, Vena takes very little time to learn and use. Other tools have steep learning curves or don’t provide the financial reporting agility of Excel and Vena.