Vena Solutions Rocks and Keeps Getting Better!
Updated November 13, 2020

Vena Solutions Rocks and Keeps Getting Better!

Alicia Scappe | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Review Source

Overall Satisfaction with Vena Solutions

Vena Solutions is a technology that we partner with at our organization. We resell and implement the product for our customers. Our customers range from hospitality, health care, project management, manufacturing, and others. There are several big business problems that Vena addresses. First, everyone loves Excel and people are reluctant to change. Since Vena is Excel based, users feel more comfortable with it. There is less resistance to the change and less of a learning curve upon implementation. Second, Vena does not require constant and ongoing consulting time. Our customers are self sufficient with making changes to the model and templates. Third, Vena has an organized workflow process and status tracker. It allows the FP&A team to see where all contributors are in the process. In addition, the FP&A team is not trying to collect numerous Excel sheets via email or shared locations. Fourth, Vena has excellent audit capabilities. The solution audits data saves in cells and changes to templates (with the ability for comparison to prior versions). It's built in to the solution, which means there is no need to exhaustively dig through log files. It's just a few clicks!
  • Auditing is something Vena does extremely well. There is the ability to see data changes and template changes with just a few clicks. Most technologies have audit log files, which can be cumbersome to navigate.
  • Drilling to details is a feature available to users. A user can view all the general ledger transactions for a particular account, department, time period, etc. just by clicking on the intersection in Excel and using the Vena toolbar button Drill -> Transactions.
  • Comments and Attachments allows users to add a comment and/or insert an attachment such as a PO, invoice, or receipt for example. This way the contributor and reviewer can easily see the justification and support for a number that has been planned. It's all in one place and means there is no need to email the support as a separate file.
  • In Report Books, the option to run reports as PDF would be helpful.
  • In Report Books, the option to add more than one report to the book would be extremely useful. Currently, users receive multiple emails because we can only have one report per book.
  • In Report Books, the ability to output files to a directory rather than sending them via email would be a nice enhancement.
  • Faster implementation times.
  • Customer success.
Yes, the Vena sales team has been supportive. We have been on several demonstrations with the Vena sales team. It speaks volumes about their commitment to partner and customer success.
Vena Solutions offers may features to perform analysis and forecasting more quickly than ever before. We are able to convert all of the templates from one plan to another by simply changing the process variables. Power BI has been a nice addition as well. We're incorporating so many charts and graphs for users. They can filter the objects to perform more in depth analysis and possibly find areas of concern they did not know existed.
We partnered with Vena Solutions because our customers love Excel. This solution provides the ability for our customers to have an integrated and collaborative planning process while still leveraging the tool they love so much.
Overall, Vena has many great features and functions, and the Vena team is constantly improving the solution. The only scenarios where Vena is lacking is spreading data from a parent member to children. This can be accomplished with Vena, but it's a little more involved compared to other technologies.

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
Not Rated
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
5
Color-coded scorecards
5
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
10
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
3
Pixel Perfect reports
10
Customizable dashboards
5
Report Formatting Templates
10
Drill-down analysis
8
Formatting capabilities
5
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
10
Report Versioning
8
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)
Not Rated
Responsive Design for Web Access
10
Dashboard / Report / Visualization Interactivity on Mobile
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?

I wasn't involved with the selection/purchase process

Did implementation of Vena go as expected?

I wasn't involved with the implementation phase

Would you buy Vena again?

Yes

Based on customer feedback, Vena Solutions is supported across their organizations.