Vena Solutions: SIMPLE, EFFECTIVE, DYNAMIC, POWERFUL!
May 13, 2020

Vena Solutions: SIMPLE, EFFECTIVE, DYNAMIC, POWERFUL!

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

Overall Satisfaction with Vena Solutions

Vena Solutions is used in our company to create detailed annual budgets, multi-year future plans, and end of accounting period financial reports. We are able to utilize the workflow system to connect our users to our processes from start to finish of a process. Our users feel engaged in each process. We also experience significant time savings in the creation of Vena models and end result reporting.
  • Vena files and templates are simple to create and adjust.
  • Vena constantly is evolving to enhance its features.
  • The user experience is very simple in Vena.
  • It would be great if Vena could configure their central templates to allow users to save formulas in their budget inputs. Currently formulas can be used, but once the file is saved it only keeps the end result number.
  • I would like for Vena to advise admin users of what is changing in a Vena update.
  • Our budgeting cycle is much more streamlined from an accounting perspective. We are able to focus more on analysis of the budget rather than spending so much time on building a budget that may have many flaws.
  • The fact that we can keep our operational managers engaged in their financial results is terrific. We are making information available to them faster than ever before. This allows them to make decisions and push initiatives that are important to them.
  • We continue to have support from our CFO working to better utilize Vena to improve our company.
We went with Vena Solutions because it was able to meet the needs in every way for what we were looking for in a budgeting solution. From an admin perspective, it was very intuitive, but from an end user (contributor) perspective, it was outstanding that we were able to keep our users in Excel!
SIMPLE...EFFECTIVE...DYNAMIC...POWERFUL!
Our Vena experience has been very positive, and we continue to find ways that we can utilize its offerings.

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

Reporting and budgeting are where we have been successfully using Vena Solutions in our business. We are excited to keep incorporating it into our business for account reconciliations and dashboards.

Vena Feature Ratings

Long-term financial planning
8
Financial budgeting
10
Forecasting
8
Scenario modeling
7
Management reporting
9
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Financial Statement Reporting
9
Management Reporting
8
Excel-based Reporting
8
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
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
Flat file integration
8
Excel data integration
Not Rated
Direct links to 3rd-party data sources
8
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
Not Rated
Drill-down analysis
9
Formatting capabilities
6
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
5
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
8
Report Delivery Scheduling
Not Rated
Pre-built visualization formats (heatmaps, scatter plots etc.)
Not Rated
Location Analytics / Geographic Visualization
Not Rated
Predictive Analytics
Not Rated
Multi-User Support (named login)
7
Role-Based Security Model
Not Rated
Multiple Access Permission Levels (Create, Read, Delete)
Not Rated
Single Sign-On (SSO)
10
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated