Game Changing FP&A Platform
May 14, 2022

Game Changing FP&A Platform

Noris Pasic | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

Vena is used by every department in our budget planning and reporting cycles. It is also used for Financial Reporting (Income Statement, Balance Sheet, Trial Balance, etc.). We have most recently added a Revenue Forecasting cube to our mix, and have had a very easy time getting both of our models talking to each other so that we can easily serve up the proper story to our end users.

Pros

  • Users enjoy a familiar interface for accessing reporting and budget planning: Excel
  • Integrations, ETL, and mappings are very intuitive and the UX is stellar
  • No additional cost for adding data cubes/models
  • Very flexible, customizable, and scalable
  • Filtering is very simple, and they allow you to import line level information so that drill-downs and cascades are simple to do
  • It has a native integration to PowerBI which is amazing to get your data visualization up and running in no time

Cons

  • Native Analytics
  • Expanded ETL Functions
  • More industry-specific tailored solutions and templates

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

  • Shortened our budget planning cycle
  • Provided ad hoc reporting
  • Revenue Forecasting to >98% CI
They do a quarterly check-in with us to ensure that we have all the tools we need to stay and remain successful on their platform. The initial implementation was done in under a week and the trainers were some of the best I've ever dealt with when it comes to an external vendor. Hats off across the board for their stellar onboarding and customer success experience!
It is just a more flexible tool and offers a lot more than what we had going on with our previous situation. They improved the situation tenfold and allowed us to automate most of the tedious bits of our budgeting cycle, so we are left happy campers over here!
Whenever you have a massive amount of data, whether centralized or disparate, you can bring it into Vena to organize, slice and dice, and report on. Financials, Headcount, Compensation, OPEX, you name it--they have a solution ready to be stood up within a week (how long it took in our experience to get us started).

Vena Feature Ratings

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

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