Review of Vena Solutions
Updated October 16, 2020

Review of Vena Solutions

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

Overall Satisfaction with Vena Solutions

We provide implementation services for Vena Solutions as a partner consulting firm and have successfully transformed financial management processes for many of our clients already. The most common processes are Financial Budgeting/Forecasting and Reporting, including detailed models for Demand and Revenue Planning, HR planning at Employee and Position level, Capex Planning, and different reporting packages for scenario analysis and variance comparisons.
  • Financial Modeling
  • Integration Capabilities
  • Workflow Management
  • Pre-configured Calculations
  • Standardization of interface
  • Cross-platform experience
  • Low cost of implementation
  • Flexible/phased approach
  • Low cost of maintenance
Consulting team helps till deployment/go-live and there is a customer success manager assigned to each subscriber who'd be the main contact.
Automating the fundamental reports
Vena Solutions is appropriate for:
- Detailed Excel-based financial models/reports
- Advanced-data modeling requirements
- Multiple processes

It is inappropriate for:
- Those who lack Excel knowledge or want to move away from Excel

Vena Feature Ratings

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

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?

I wasn't involved with the selection/purchase process

Did implementation of Vena go as expected?

Yes

Would you buy Vena again?

Yes

Vena's support team is generally responsive and they do get to the end solution in most cases quickly. There can be specific issues that tend to take a bit longer to be addressed.
Generally easy to use, some areas are a bit technical in nature. The complexity depends on the use cases implemented really.

Using Vena Solutions

3 - Professional Services, Accounting
1 - Excel, Financial Modeling, Data Model management
  • Planning
  • Financial Reporting
  • Budgeting
  • Any excel based process
  • Dashboarding using Power BI

Vena Solutions Support

ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
Immediate help available
Support cares about my success
Quick Initial Response
Need to explain problems multiple times
Yes - Yes, if a workaround is available and the bug is not critical there may be a delay in getting it fixed.
Multiple times the team goes above and beyond to resolve the client issues.