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Advanced Forecasting Solution
May 20, 2020

Advanced Forecasting Solution

Katie Adams | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena Solutions

Vena is used within our team mainly for budgeting and forecasting although we believe there is scope to expand this into further areas and standardize financial report building across the company using Vena. The template building tool has saved massive amounts of time allowing us to focus on more in-depth reporting. It also provides us with confidence that each report built by one of our templates is 100% correct, something that we found was a massive positive.
  • The overall UI is fantastic, its integration with Excel means that it feels familiar right from the start.
  • Template creation is great for saving time and improving accuracy.
  • After sales support is really good, the team is always there should you have any issues or questions, which was especially helpful in the first week of implementation.
  • Loading times on our more complex templates can be slow.
  • Support documentation could be more detailed, especially for the more complex and niche features Vena offers.
  • The time Vena has saved our team has been a brilliant benefit.
  • Increased accuracy of reporting and improved peace of mind.
The Excel based interface means that Vena is capable of pretty much anything you can dream up within Excel and the template reporting means that we can run forecasting models much more often and with greater accuracy than before, without having to dedicate more resources. If you are collecting data from multiple third-party sources then the system may struggle with the workload at first but I imagine this is to be expected of any platform handling requests from different data sources.

Vena Feature Ratings

9.6
Long-term financial planning
9
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
9
8.3
Financial data consolidation
7
Journal entries and reports
8
Multi-currency management
10
Intercompany Eliminations
7
Minority Ownership
Not Rated
Local and consolidated reporting
9
Detailed Audit Trails
9
9.6
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
10
9.0
Personalized dashboards
9
Color-coded scorecards
Not Rated
KPIs
9
Cost and profitability analysis
10
Key Performance Indicator setting
9
Benchmarking with external data
8
8.7
Flat file integration
9
Excel data integration
10
Direct links to 3rd-party data sources
7
9.3
Pixel Perfect reports
9
Customizable dashboards
9
Report Formatting Templates
10
9.8
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
9
Report sharing and collaboration
10
9.0
Publish to Web
8
Publish to PDF
10
Report Versioning
9
Report Delivery Scheduling
9
8.5
Pre-built visualization formats (heatmaps, scatter plots etc.)
8
Location Analytics / Geographic Visualization
Not Rated
Predictive Analytics
9
9.7
Multi-User Support (named login)
10
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
Not Rated
9.5
Responsive Design for Web Access
9
Dashboard / Report / Visualization Interactivity on Mobile
10

Vena Solutions Attributes

Do you think Vena delivers good value for the price?

Not sure

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

We have never had an issue contacting the support team, this was especially important during the first weeks of implementation. I do think that there could be improved support documentation to go along with their personal support, especially for their more complex features as some users may not know that these are available.