If Budgeting/Forecasting/Reporting is a painful process for you, Vena is a great solution.
May 13, 2020

If Budgeting/Forecasting/Reporting is a painful process for you, Vena is a great solution.

Brendon Suggett | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Reseller

Overall Satisfaction with Vena Solutions

Our organization currently uses Vena for Budgeting, Forecasting, Reporting, and Time Tracking. The software is very flexible and we plan to implement many other processes and tasks into Vena. We love that the software makes our processes more efficient.

Pros

  • Automate processes
  • Permission restrictions to disable users from getting info they don't have access to.
  • High user adoption
  • Extreme flexibility
  • Auditability

Cons

  • Nothing comes to mind.
  • Increased the efficiency of Finance to free them up for new projects.
  • Provides data to management allowing them to make informed decisions.
I truly feel that Vena is the best of the bunch. Not only does it provide superior user experience, but it also costs less than these competitors.
Vena does a great job of making it easy for end-users to actually use. It does this by leveraging the power and familiarity of Excel to drive the end-user experience. If you have an organization that is resistant to change, and you fear they might not be keen to learn new software, then Vena is a great solution since they won't have to learn a new system. As long as they can use Excel, they will be able to use Vena.

For back end users, Vena utilizes the strengths of Excel, while adding functionality to compensate for the weaknesses of Excel (i.e. privacy and permissions, linking issues, consolidating, etc). The combination of Vena and Excel provide a superior end-user experience and make the back end work for the Finance/Accounting Teams easier to manage, more efficient, and more accurate, by reducing the number of human touchpoints.

Vena Feature Ratings

10.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
9.7
Financial data consolidation
8
Journal entries and reports
10
Multi-currency management
10
Intercompany Eliminations
10
Minority Ownership
10
Local and consolidated reporting
10
Detailed Audit Trails
10
9.0
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
5
10.0
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
10
10.0
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
10.0
Pixel Perfect reports
10
Customizable dashboards
10
Report Formatting Templates
10
10.0
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
10
Report sharing and collaboration
10
10.0
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
10
10.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
10
Location Analytics / Geographic Visualization
10
Predictive Analytics
10
10.0
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
10
Mobile Capabilities ()
Not Rated

Vena Solutions Attributes

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?

Yes

Would you buy Vena again?

Yes

Vena is the best CPM product that I have used. It can really revolutionize the way a company budgets, forecasts, and reports its financials.

Comments

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