Saint Mary's loves Vena Solutions!
Updated August 30, 2022

Saint Mary's loves Vena Solutions!

Darrell Rooney | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Vena

We use Vena for all budgeting, forecasting and 95% of Financial Reporting with the remaining 5% to be introduced in Q3 of 2021. Prior to Vena, our budget process was very manual and financial reporting cumbersome and and in some instances, non-existent. Vena has been transformational for Saint Mary's. We have reduced our budget cycle from Months to Weeks and our Executive review time from weeks to days. In addition, we use Vena to improve financial processes for month end close, reducing cumbersome activities from days to hours or minutes, and perform deep analysis. We have dramatically reduced or eliminated time to compile information and have instead repurposed that time to perform more value-added analysis. Vena has been used to identify ineffective pockets of budget allocation and allowed us to reallocate those pockets to more strategic needs. We are currently expanding the use case beyond the FInance office to include Enrolment Projection and Faculty accreditation. Since first becoming a Vena customer in 2014, the software has received continuous enhancements and it continues to get better each quarter. In short, we love it!
  • They are continually investing in the software.
  • They listen to their customers and incorporate their feedback.
  • They are fully engaged in their customers obtaining the maximum benefit from the software.
  • Their customer support team is very responsive and technically sound.
  • The introduction of Vena365Connect will solve a major weakness in the software as it will create a platform-agnostic environment allowing Mac users to finally use Vena to its full potential.
  • I would like to see more integration and more support with BI tools. They currently integrate with Power BI but beyond the bridge to link it, its really up to the customer after that. Easy linking to Tableau would be phenomenal.
  • More partner arrangements with clients to develop APIs for larger ERP systems to allow for the real time transfer for data into Vena.
  • Improved mobile experience for tablets.

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

  • Through the roof! Time savings were never quantified but when you save weeks of time, not much more needs to be said.
  • We are way more efficient in our budgeting and forecasting processes as a result of utilizing the Vena workflow processes.
  • Just having information at our fingertips to perform our duties is priceless!
Customer support is phenomenal, responsive, technically competent and professional. Customer Success Manager is engaged in ensuring Saint Mary's achieves the full potential of Vena. By providing access to expert services for those clients who can benefit from that value-added service to maximize their investment. By continually listening to their customers and implementing recommendations where warranted.
At the start of the COVID-19 pandemic, we did not have a process to perform enrolment forecasting. Using Vena to build this process, we were able to respond to the pandemic and provide Executive leadership with real time information for decision making. That ability to be agile and base decisions on real data provided a sense of calm and clarity with respect to decision making. This agility ensured we made the right decisions based on data. It also let us respond very quickly in altering the budgets of over 250 departments to ensure we understood the cash flow needs of the organization.
Vena blew away Crystal because it was Excel based and had such a flatter learning curve. As a client who has used Vena for 6 years now, I can tell a prospective client that your adoption period should be half if not great than half of what Saint Mary's was, which was less than 6 mos. The ease of report building will ensure that you are able to get information faster.
Any organization that has the same P&L for multiple business units would benefit greatly! Franchises, etc are a perfect fit. Any organization that has multiple shadow systems in Excel can all be brought together in Vena. Hotel management would be a great fit! Reits and other infrastructure companies would be a great fit!

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
Intercompany Eliminations
10
Detailed Audit Trails
10
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
7
Cost and profitability analysis
10
Flat file integration
9
Excel data integration
10
Direct links to 3rd-party data sources
7
Customizable dashboards
6
Drill-down analysis
9
Formatting capabilities
10
Report sharing and collaboration
10
Publish to Web
8
Report Versioning
10
Report Delivery Scheduling
10
Multi-User Support (named login)
8
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
8
Responsive Design for Web Access
8
Dashboard / Report / Visualization Interactivity on Mobile
8

Vena Solutions Attributes

Responsive and thorough
base level Vena is easy to use....Value add pieces such as Scripts and Integration require programming knowledge

Using Vena

250 - Finance and Operations
4 - Knowledge of databases
Knowledge of Excel
Knowledge of SQL
Knowledge of Integration processes
  • budgeting and forecasting
  • financial reporting
  • data and analytics
  • enrolment forecasting
  • data warehousing
  • ad hoc reporting
  • faculty accreditation
  • eliminate shadow systems

Evaluating Vena and Competitors

  • Product Features
  • Product Usability
would change nothing

Vena Support

ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
No escalation required
Immediate help available
Support understands my problem
Support cares about my success
Quick Initial Response
None
we purchased Expert Managed Services to unlock the complicated value added pieces of Vena
Yes - has not been resolved
when i had to restore an entire forecast that I accidentally deleted

Using Vena

ProsCons
Like to use
Relatively simple
Easy to use
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
None
  • repot writing
  • modeler
  • data permissions
  • scripts
  • integration channels
Yes - its ok...some forms do not display well