Really useful Product.
June 05, 2024

Really useful Product.

Marko Simonovic | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

Vena is being used in our IT team and financial department to automatize several procedures with the help of this product integration with Excel and PowerBI. It addresses the problems that arise when we need to successfully share our business reports and dashboards with another shareholder. Vena simplifies all the complex building procedures required and makes it a seamless integration within our company.

Pros

  • Cash flow model are really accurate within our finance model integration.
  • Workforce modules are really customizable and easy to implement.
  • It is simple to build additional models without customer support guidance.

Cons

  • It could improve the ease of implementation; it could take a long for an inexperienced IT team.
  • From the ERP system perspective, it can be linked easily, but it has room for improvement when you make core changes and require a Vena specialist again.
  • Some administrators can get confused while working on Excel implementation; it has complicated technical requirements.
  • It has augmented our productivity by 30% automatizing several products.
  • It has been really helpful regarding saving time, between 10-30% time saving solution.
  • It has been long-term beneficial for our company in terms of resource usage by the IT team.
The Customer Support team has been really helpful regarding issues that arise during the implementation. We have worked together to find a simple solution every time.
It has helped our organization use financial data to another level because it made it easier to determine KPIs and export projects and reports, and we got rid of all version control and formatting issues from our Excel-based budgeting. Overall, Vena has been beneficial in our financial department with its many functionalities.

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

It is well suited for scenarios where a company needs an efficient and scalable solution to implement in their daily products; it eases the work and saves time using Vena. However, I would not recommend this product before analyzing and estimating a budget because it can be pretty expensive for small and medium-sized companies.

Vena Feature Ratings

9.8
Long-term financial planning
10
Financial budgeting
10
Forecasting
9
Scenario modeling
10
Management reporting
10
9.3
Financial data consolidation
9
Journal entries and reports
10
Multi-currency management
10
Intercompany Eliminations
9
Minority Ownership
9
Local and consolidated reporting
9
Detailed Audit Trails
9
10.0
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
10
9.8
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
9
Key Performance Indicator setting
10
Benchmarking with external data
10
9.7
Flat file integration
10
Excel data integration
9
Direct links to 3rd-party data sources
10
9.7
Pixel Perfect reports
10
Customizable dashboards
9
Report Formatting Templates
10
9.5
Drill-down analysis
9
Formatting capabilities
10
Integration with R or other statistical packages
10
Report sharing and collaboration
9
9.8
Publish to Web
10
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
9
10.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
10
Location Analytics / Geographic Visualization
10
Predictive Analytics
10
Pattern Recognition and Data Mining
10
9.8
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Report-Level Access Control
10
Single Sign-On (SSO)
9
10.0
Responsive Design for Web Access
10
Dashboard / Report / Visualization Interactivity on Mobile
10

Comments

More Reviews of Vena

  1. Home
  2. Corporate Performance Management (CPM) Software
  3. Vena Reviews
  4. User Review of Vena