Vena: a Powerful Tool for Finance
May 13, 2020

Vena: a Powerful Tool for Finance

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena Solutions

Working in Private Equity the need to be able to consolidate multiple entities in different currencies is streamlined by Vena solutions. The tool is very intuitive and being able to drill down in each template to see the underlying detailed accounts is invaluable while doing analysis.

Pros

  • Template design
  • FX rates
  • Easily shift between reporting entities.

Cons

  • Error detection.
  • Navigation when refreshing sheets.
  • Template save options.
  • Quicker reporting
  • FX translation
  • Consolidated at a corporate level
Specifically great in scenarios that require consolidation of multiple entity financials and translation between different FX rates. I cannot think of scenarios where it is less appropriate for the service it provides. I'm hoping it can easily plug into our ERP once our organization has selected one.

Vena Feature Ratings

7.6
Long-term financial planning
7
Financial budgeting
7
Forecasting
7
Scenario modeling
7
Management reporting
10
8.0
Financial data consolidation
9
Journal entries and reports
8
Multi-currency management
10
Intercompany Eliminations
3
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
8
9.0
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
8
Automated board and financial reporting
8
XBRL support for regulatory filing
Not Rated
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
8.7
Flat file integration
8
Excel data integration
9
Direct links to 3rd-party data sources
9
Not Rated
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
Not Rated
8.3
Drill-down analysis
10
Formatting capabilities
6
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
9
Not Rated
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
Not Rated
Pre-built visualization formats (heatmaps, scatter plots etc.)
Not Rated
Location Analytics / Geographic Visualization
Not Rated
Predictive Analytics
Not Rated
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
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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?

Yes

The support from Vena personnel and the general experience I've had with the system over 4 months has been great.

Comments

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