Vena - Great, versatile and effective FP&A solution
Updated March 07, 2024

Vena - Great, versatile and effective FP&A solution

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Vena

Vena is being used as an FP&A solution, consuming accounting ledger and other ad hoc KPI data to produce various pieces of consistent management information packs / decks and other pieces of analysis. Such outputs/models input: 1. MTP / Budgeting 2. Workforce planning 3. Management Information packs 4. Board packs 5. Ad-hoc analysis

Pros

  • Data visualisation
  • Consistent Finance outputs
  • Easy read/write interface with the data cube
  • High ROI / value proposition

Cons

  • Integration to older accounting software
  • Hugely feed up time spent on MI reporting
  • Less time spent on mundane data management
  • More focus on value-added analytics
  • Allows more detail in answering questions / offering insights

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?

I wasn't involved with the selection/purchase process

Did implementation of Vena go as expected?

Yes

Would you buy Vena again?

Yes

Tableau Desktop, HSQLDB (Hyper SQL Database)
SMEs looking to add / build out an FP&A function should look to implement Vena. Even if systems across the board are not yet considered "best-in-class" Vena has the adaptability within the software to flex to the needs of the business. This is especially the case where there needs to be multiple data sources feeding into 1 system, such as finance, HR, sales etc.

Vena Feature Ratings

9.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
8
Scenario modeling
8
Management reporting
9
7.1
Financial data consolidation
7
Journal entries and reports
8
Multi-currency management
6
Intercompany Eliminations
6
Minority Ownership
6
Local and consolidated reporting
7
Detailed Audit Trails
10
8.8
Financial Statement Reporting
9
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
5
9.0
Personalized dashboards
10
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
10
Key Performance Indicator setting
9
Benchmarking with external data
9
9.7
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
9
9.7
Pixel Perfect reports
9
Customizable dashboards
10
Report Formatting Templates
10
8.3
Drill-down analysis
8
Formatting capabilities
10
Integration with R or other statistical packages
7
Report sharing and collaboration
8
9.3
Publish to Web
7
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
10
7.7
Pre-built visualization formats (heatmaps, scatter plots etc.)
7
Location Analytics / Geographic Visualization
7
Predictive Analytics
9
Pattern Recognition and Data Mining
Not Rated
10.0
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Report-Level Access Control
Not Rated
Single Sign-On (SSO)
10
10.0
Responsive Design for Web Access
10
Dashboard / Report / Visualization Interactivity on Mobile
10

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