Vena Solutions Review
June 05, 2020

Vena Solutions Review

Mary Goodridge | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena Solutions

We are using Vena to provide budgeting and forecasting for our clients. Within my role, Vena is mainly used to create forecasting models and provide analysis to measure the impact of business decisions. With Vena's Excel-based interface it was easy to take our existing knowledge and use this to build upon, safe in the knowledge that our insights our accurate and continue to be data-driven.

Pros

  • Easy to adopt and use
  • Provides an up to date view as new data is imported into Cube structure
  • Easy integration with our current data solutions platform

Cons

  • Report creation can be slow - this is improved when using templates but ad-hoc reports can often be tedious to build.
  • The user notification system could be improved.
  • Increase accuracy of financial forecasting
  • More accurate measurement of performance against KPIs
Vena is perfect for maintaining a view of financial data against KPIs and targets as well as predicting the impact of business decisions over time. Once you have set a report up, you can update it with relative ease. While Vena is perfectly capable of running ad-hoc analysis creating an initial report can be tedious but the results outweigh the time taken.

Vena Feature Ratings

Long-term financial planning
10
Financial budgeting
9
Forecasting
10
Scenario modeling
10
Management reporting
8
Financial data consolidation
9
Journal entries and reports
8
Multi-currency management
10
Intercompany Eliminations
10
Minority Ownership
10
Local and consolidated reporting
9
Detailed Audit Trails
10
Financial Statement Reporting
9
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
8
XBRL support for regulatory filing
10
Personalized dashboards
9
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
9
Key Performance Indicator setting
10
Benchmarking with external data
9
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
9
Pixel Perfect reports
9
Customizable dashboards
10
Report Formatting Templates
10
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
9
Report sharing and collaboration
7
Publish to Web
10
Publish to PDF
9
Report Versioning
10
Report Delivery Scheduling
10
Pre-built visualization formats (heatmaps, scatter plots etc.)
10
Location Analytics / Geographic Visualization
9
Predictive Analytics
10
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
Responsive Design for Web Access
10
Dashboard / Report / Visualization Interactivity on Mobile
10

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?

I wasn't involved with the implementation phase

Would you buy Vena again?

Yes

I have not personally been in contact with Vena's technical support team but I am aware that they have solved any issues colleagues have had in the past.

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