Vena Solutions Review
Updated May 05, 2024

Vena Solutions Review

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

Overall Satisfaction with Vena

We currently use Vena for all our reporting and forecasting needs. We replaced our Excel forecasting template with a Vena template. We are very pleased with the consolidation help the software provides and recently decided to have all of our raises and reviews done in Vena, which allowed for significantly more visibility on the data integrity.
  • Consolidation - have saved so many hours by not having to manually consolidate spreadsheets
  • Audit trail history - we were able to find out who made a change that was questionable
  • Drillable feature that allows our users to drill into the details of financials
  • Ease of use
  • Sometimes the templates are a bit complicated to use and could be a little bit more straightforward if all the dimensions are defined in the workbook.
  • I would make the security easier to use.
  • Helpdesk

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?

No

Would you buy Vena again?

Yes

  • Saved significant man hours during budgeting
  • Improved Reporting
  • Audit trail history is available
After implementation, Vena has a helpdesk that is very responsive and willing to help for any issues that arise.
Our reports that use to take several days to put together now only take minutes and are so much more versatile than they use to be.
We were able to build a template for information we wanted to be consolidated on our own because the Vena Solutions system is so user-friendly.

Vena Feature Ratings

Long-term financial planning
9
Financial budgeting
10
Forecasting
8
Scenario modeling
8
Management reporting
9
Financial data consolidation
8
Journal entries and reports
9
Local and consolidated reporting
9
Detailed Audit Trails
10
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
10
Automated board and financial reporting
9
Personalized dashboards
9
Color-coded scorecards
10
KPIs
9
Cost and profitability analysis
10
Key Performance Indicator setting
9
Benchmarking with external data
9
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
9
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
10
Report sharing and collaboration
10
Report Versioning
9
Pre-built visualization formats (heatmaps, scatter plots etc.)
9
Location Analytics / Geographic Visualization
9
Predictive Analytics
8
Pattern Recognition and Data Mining
Not Rated
Multi-User Support (named login)
9
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
9
Report-Level Access Control
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
9

Vena Solutions Attributes

This area has significantly improved in the last few years. The helpdesk is very good about reaching out and getting tickets closed.
Very easy to use. I would like to see Vena templates work if all dimensions are defined on the page.

Using Vena

25 - Operations, finance, and analysis.
3 - Reporting and Analysis
  • Forecasting
  • Reporting
  • Consolidation
  • Custom Template for Raises
  • Operations Custom Dashboard
  • Capital Budgets
  • Additional Dashboards
Ease of use, consistently accurate, never have issues with the website - just an all around wonderful product.

Evaluating Vena and Competitors

Yes - Excel - extremely manual
  • Cloud Solutions
  • Scalability
  • Integration with Other Systems
  • Ease of Use
All of the above
I would not change the evaluation/selection process.

Vena Implementation

We had a very good plan going in and that was very helpful. The Vena team was amazing with their suggestions and helping us stay on track.
Change management was a small part of the implementation and was well-handled

Vena Training

  • Online Training
  • In-Person Training
  • No Training
Trainers made sure we were very comfortable with the product.
Yes, not too difficult to learn.

Configuring Vena

Vena Support

ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
No escalation required
Immediate help available
Support understands my problem
Support cares about my success
Quick Initial Response
None
No, honestly rarely need support.
Vena went above and beyond when we were having syncing issues caused by internal IT when we upgraded our server, but the Vena team went above and beyond to make sure we got set up correctly and accurately.

Using Vena

ProsCons
Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
Lots to learn
  • Security
  • Workflow
  • Ongoing support
  • Templates can get complicated if not well designed

Vena Reliability

Very Scalable.
Never have issues, but in the rare case we do, Vena is there to help.
No lags in refreshing, never have issues with the website.

Integrating Vena

Very easy to integrate.
  • Dynamics GP
Dynamics GP - process was abandoned
  • Operational websites
Not in the plan.
  • File import/export
  • ETL tools

Relationship with Vena Solutions