Vena

Vena

Enterprise budgeting, planning & forecasting for Excel

4.3/5 (12 reviews)

Vena Overview

Vena is a cloud-based corporate performance management (CPM) solution which provides users with tools for planning, budgeting, revenue forecasting, and more. The software is aimed at midsize businesses and large enterprises, and automatically inventories and optimizes existing Excel reports and templates to simplify the onboarding process for users.

Vena allows users to build custom workflows through a drag-and-drop engine, enabling the definition, execution and automation of processes such as budget routing, reviews, and approvals. The centralized database integrates with a range of source systems including enterprise resource planning (ERP), general ledger (GL), and business intelligence (BI) systems, to ensure that up-to-date information is always available. With Vena’s Report Builder, users can create formatted reports without requiring programming experience, which can be exported in PDF, Excel, Word, and PowerPoint formats. KPIs can be displayed graphically on dashboards, and users can analyze historical data and model future financial results.

Vena’s revenue performance management tools allow users to analyze real-time marketing, sales, finance, and customer care data to track cash flow, customer acquisition costs (CAC), and customer lifetime value (CLTV), and optimize resource allocation. The financial close management solution enables the automation of the close process, with task assignment, role-based approval request and report routing, and status tracking. Currency conversions and intercompany activity reconciliations can also be automated. Additionally, Vena’s regulatory reporting and compliance tools aim to simplify CCAR, SOX, SEC, and DFAST reporting.

Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Canada, United States

Supported Languages

English

Vena Reviews

Overall rating
4.3/5
92% positive reviews
5
Excellent
6
Very good
1
Average
0
Poor
0
Terrible
Lori L.

Vena provides flexibility to set up budgets, reports and other processes as flexibly as we need.

Used Weekly for 2+ years
Reviewed on 2017/08/07
Review Source: Capterra

We were able to streamline and centrally collect data for our budgeting process, which save considerable time for the budget administrator and other admin assistants across our university. We created Board-level reporting templates that can be re-used every year to report the results of the budget process with only changes made as necessary for the format of the current reporting year. We collect forecasting information from over 330 departments and compile all the information within one template to estimate the financial outcome for the fiscal year. We have been able to include data in planning of various kinds in ways that we weren't able to by just using Excel, resulting in better planning results. We can create new planning or reporting processes and have the flexibility to save additional data input that isn't part of our ERP data. Overall, we have saved time, improved processes, created one version of the data visible to all involved in the process and created efficiencies by being able to share data across processes.

Pros

Flexibility to set up whatever process we are working on the way it needs to be set up for our business requirements. Continual improvements being done on the Vena add-in and browser administration interface. Formatting Excel templates and reports exactly as needed. Ability to pull in data from all data versions for any reporting or template. Ability to save non-financial data to use in reporting or calculations. Ability to control user input as needed to better quality data. Prompt customer service responses. Great implementation team. Administrative control over data visible to individual users. Workflows to show status for process steps and email notifications when a workflow step is ready for input or review. Once learned, allows for creation of new processes to collect or report data.

Cons

Having to download each Excel file, but once downloaded, it's easy to select the data we want to see.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Siva K.

Excel based Performance Management Tool

Used Weekly for 1+ year
Reviewed on 2018/04/19
Review Source: Capterra

Pros

Our Financial Planning and Analysis team picked Vena from many other tools. The reason for zeroing on this tool, is, it is an excel based tool. We have been doing all this work in excel since years.
We have standardized the process and have fixed excel templates. However excel has certain limitations like version control, access control, audit trail etc.
With Vena we overcame the limitations of excel while retaining the power, flexibility and ease of use of excel. We have many desperate IT systems some by choice and some by compulsion due to various acquisitions. We import the data from all these systems into vena database. Data is automatically consolidated and aggregated per our requirements for use in advanced management reports as well as ad hoc reports in vena. Vena offers workflow and approval management by project, department etc. Further one can drill up, drill down, slice and dice the data using vena. Variance analysis is a piece of cake in this tool. Vena customer service is good too.

Cons

There is a learning curve like any other tool. There is no drag and drop from a selection of columns, fields etc. However once you learn the tool, reporting becomes easier.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Tobin R.

Add super powers to your Excel templates

Used Daily for 2+ years
Reviewed on 2017/08/14
Review Source: Capterra

Pros

I don't have to learn SQL programming languages or wait around for my computer department to do something . I can manage everything myself.

Cons

Being a young company, they need more demonstrations, downloaded working files to build users skills.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Whitney M.

Powerful, User Friendly Budgeting, Reporting, and Analysis Tool

Used Weekly for 1+ year
Reviewed on 2017/08/18
Review Source: Capterra

Improved budgeting and ad hoc reporting

Pros

The Excel interface is my favorite part about Vena. Everyone within our business is familiar with and comfortable using Excel. Therefore, when we started using Vena for budgets, our contributors did not have to learn a completely new interface. However, Vena offers so much more than just Excel. I love how Vena shows you who made changes to the file and what the previous values in the file were. It helps hold people accountable. It is also very easy to make powerful reports using Vena.

Cons

We built a very complicated template which took a long time to open. However, Vena was very helpful in helping us optimize our template and improve the performance drastically.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Garlock J.

VENA SOLUTIONS IS AWESOME!

Used Daily for 6-12 months
Reviewed on 2018/02/17
Review Source: SoftwareAdvice

Pros

I particularly like how easily Vena integrates with my existing software programs (Microsoft Excel based), and the support provided to our business has been second to none!

Cons

There were a few glitches during set-up and installation and there is a bit of a learning curve as we customized the program to fit our particular requirements, however customer support made life as easy as possible.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10

Vena Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Contact Vena Solutions for pricing information.

Vena Features

  • Activity Dashboard
  • Customizable Reporting
  • Data Import/Export
  • Real Time Data
  • Reporting & Statistics
  • Workflow Management

  • API
  • Accounting Integration
  • Accounting Management
  • Automatic Notifications
  • Billing & Invoicing
  • Compliance Management
  • Electronic Payments
  • Expense Tracking
  • Financial Analysis
  • Invoice Management
  • Invoice Processing
  • Multi-Currency
  • Receiving
  • Third Party Integration

Additional information for Vena

Key features of Vena

  • Ad hoc reporting
  • Audit trails
  • Automatic data aggregation & consolidation
  • Budgeting & forecasting
  • Centralized database
  • Custom user roles & permissions
  • Customizable reports
  • Dashboard analytics
  • Data integration
  • Drag-and-drop workflow designer
  • GL, ERP & BI integrations
  • Multi-format report export
  • Personalized dashboards
  • Predictive analytics
  • Progress tracking
  • Real-time data
  • Report builder
  • Single sign-on (SSO)
  • Task assignment
  • Task automation
  • User activity tracking
  • Web templates

Benefits

  • Custom workflows can be created using the drag-and-drop engine, to automate business processes, including budget routing, reviews, and approvals.

  • Vena’s Report Builder Allows users to create custom reports without coding, using the built-in charting, formatting, and business intelligence (BI) functionality, and export reports in a range of formats including PDF, Word document, Excel, and PowerPoint.

  • The financial intelligence engine enables advanced modelling and analytics to generate insights, with a visual dashboard for graphical KPI display, and forecasting from historical data.

  • Existing Excel reports and templates are automatically inventoried by Vena, removing the need for users to recreate formulas, models, and templates.

  • Vena provides tools for budgeting and planning, revenue performance management, regulatory reporting, financial close management, and more.

  • Vena FAQs

    Below are some frequently asked questions for Vena.

    Q. What type of pricing plans does Vena offer?

    Vena offers the following pricing plans:

    Pricing model: Subscription

    Free Trial: Available

    Contact Vena Solutions for pricing information.

    Q. What are the main features of Vena?

    Vena offers the following features:

    • Ad hoc reporting
    • Audit trails
    • Automatic data aggregation & consolidation
    • Budgeting & forecasting
    • Centralized database
    • Custom user roles & permissions
    • Customizable reports
    • Dashboard analytics
    • Data integration
    • Drag-and-drop workflow designer
    • GL, ERP & BI integrations
    • Multi-format report export
    • Personalized dashboards
    • Predictive analytics
    • Progress tracking
    • Real-time data
    • Report builder
    • Single sign-on (SSO)
    • Task assignment
    • Task automation
    • User activity tracking
    • Web templates

    Q. Who are the typical users of Vena?

    Vena has the following typical customers:

    Large Enterprises, Mid Size Business

    Q. What languages does Vena support?

    Vena supports the following languages:

    English

    Q. What type of pricing plans does Vena offer?

    Vena has the following pricing plans:

    Subscription

    Q. Does Vena support mobile devices?

    We do not have any information about what devices Vena supports

    Q. What other apps does Vena integrate with?

    Vena integrates with the following applications:

    FinancialForce Accounting

    Q. What level of support does Vena offer?

    Vena offers the following support options:

    Online Support, Phone Support