Not happy with Vena
September 30, 2024

Not happy with Vena

Curtis Roe | TrustRadius Reviewer
Score 1 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

Financial reporting for the whole company. It has been a reliable tool for reporting. The budgeting process was too cumbersome.

Pros

  • Data compilation
  • Data drill down

Cons

  • Template set up. It is very dependent of formulas specific to Vena, which are not intuitive.
  • Contract management. Not good to initiate renewal 30 days before expiration only to state termination requires more notice! This destroyed our relationship and any chance we might return.
  • The cost was high for our usage. Part of that was our fault.
  • Since our ERP was not capable of generating the reports we need, Vena was very helpful.
  • Data is updated quickly.
Great efforts were made by both us and Vena to fully utilize the program. The additional charges seemed high and would be better served within the subscription.
It was used only for basic but complicated financial reporting.
Data Rails is similar to Vena but easier to use and at a lower price. Historically, ERP systems provided much of what we used Vena for. That currently is not the case and these additional subscriptions are necessary. What used to be a simple process that required little training is more complicated and costly with Vena.

Do you think Vena delivers good value for the price?

No

Are you happy with Vena's feature set?

Yes

Did Vena live up to sales and marketing promises?

No

Did implementation of Vena go as expected?

Yes

Would you buy Vena again?

No

Any benefits received from the product have been forgotten based on the termination policy.

Vena Feature Ratings

Long-term financial planning
5
Financial budgeting
5
Forecasting
5
Scenario modeling
4
Management reporting
10
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
8
Automated board and financial reporting
10
XBRL support for regulatory filing
Not Rated
Personalized dashboards
7
Color-coded scorecards
7
KPIs
7
Cost and profitability analysis
7
Key Performance Indicator setting
7
Benchmarking with external data
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
Pixel Perfect reports
10
Customizable dashboards
Not Rated
Report Formatting Templates
10
Drill-down analysis
6
Formatting capabilities
7
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
8
Publish to Web
Not Rated
Publish to PDF
10
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
Pre-built visualization formats (heatmaps, scatter plots etc.)
8
Location Analytics / Geographic Visualization
Not Rated
Predictive Analytics
Not Rated
Pattern Recognition and Data Mining
Not Rated
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)
10
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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