Great software that needs to be carefully implemented
May 13, 2020
Great software that needs to be carefully implemented
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with Vena Solutions
Right now, we're using Vena across our entire organizations. Our previous issue was that budgets were done very manually and stakeholders weren't involved at every step of the process, which led to occasional disconnects that prolonged the budgeting process into the budget year. With Vena, we're involving operations in the creation of the bottom-up budgets they're being held to and reviewing more frequently with stakeholders to shorten the amount of time it takes to create and finalize our financial budgets.
- It allows for collaborative work. Everything is hosted in the cloud so anyone can access data they're supposed to from anywhere.
- Simple to explain: It's an Excel add-in so most people have some level of familiarity with it.
- Very flexible: You can decide how much or how little data you want your model to contain.
- Template design can be complex: There are a lot of small nuances that take time to fully grasp.
- Data is occasionally lost and it's difficult to troubleshoot why.
- Certain data upload methods are difficult to trace.
- Our budgets were turned around faster than they ever have been.
- Some frustration from operations staff when their budgets came out in a way they weren't expecting.
- Some aspects of budgets weren't being scrutinized as much as they should have been. Vena highlighted some of those areas and they were discussed as they should have been in prior years.
Vena Feature Ratings
Vena Solutions Attributes
Do you think Vena delivers good value for the price?
Not sure
Are you happy with Vena's feature set?
Yes
Did Vena live up to sales and marketing promises?
I wasn't involved with the selection/purchase process
Did implementation of Vena go as expected?
No
Would you buy Vena again?
No