Vena is a great value for many different accounting systems!
Overall Satisfaction with Vena Solutions
We are currently using Vena for monthly board and department-level reporting. Using Microsoft Dynamics GP as our accounting system, adding new accounts always caused a lot of manual intervention in reports. Vena's more dynamic system helps better incorporate these new accounts as we go. It also gives the departments the ability to run reports themselves.
On the budgeting side, the automated workflows will make it much easier to track who has and hasn't completed their budget. We historically had to hire a temp each year to spread and input our budget into GP. We no longer have to do that, which will save us about $35,000 per year. The system is truly paying for itself, which is helpful in a nonprofit environment where budgets are tight.
On the budgeting side, the automated workflows will make it much easier to track who has and hasn't completed their budget. We historically had to hire a temp each year to spread and input our budget into GP. We no longer have to do that, which will save us about $35,000 per year. The system is truly paying for itself, which is helpful in a nonprofit environment where budgets are tight.
Pros
- The integration with Excel makes building reports really intuitive.
- The process flows are easy to set up and manage.
- The Modeler makes organizing accounts and dimensions really simple.
Cons
- Compiling and exporting reports is not set up well and there are many glitches.
- There is a process for automating budget spreads, but it does not work (and Vena will be the first to admit that).
- The knowledge base is unorganized and hard to find things, but luckily the support team is responsive. It would just be nice to not always have to go to them for help!
- Adoption has been relatively slow
- Having to scramble IT resources led to unexpected costs
- The budgeting and reporting process through Vena will save the company a five figure amount of temp time annually.
Currently, my organization uses Microsoft Dynamics GP, but given that system is pretty dated, we wanted a solution that both integrated with our current solution as well as other top solutions on the market (like Intacct, etc.). The Excel-based report building was much easier for the user than other solutions we reviewed.
Vena Feature Ratings
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?
Yes
Did implementation of Vena go as expected?
No
Would you buy Vena again?
Yes
Comments
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