Best For

Vena is targeted at mid-sized (up to $1 billion in revenues) companies and large enterprises (over $1 billion).

Product Details

Vena Solutions is intuitive budgeting, planning and revenue forecasting software for medium to large sized organizations. Vena embraces Microsoft Excel and turns it into an enterprise cloud solution with a centralized database, sophisticated workflow, powerful reporting and advanced analytics. Unlike traditional software that replaces Excel with rigid, hard-to-use applications with a steep learning curve, Vena is the easiest way for finance and sales professionals to get trusted numbers and in

Contact Details

Vena Solutions

http://www.venasolutions.com

Founded in 2011

Located in Canada

Starting Price

  • Not provided by vendor

Free Demo

Platform

  • Installed - Mac
  • Cloud, SaaS, Web
  • Installed - Windows
  • Mobile - iOS Native
  • Mobile - Android Native

Training

  • In Person
  • Live Online
  • Webinars
  • Documentation

Support

  • 24/7 (Live Rep)
  • Business Hours
  • Online

Vena Features

"What If" Scenarios
Asset Planning
Balance Sheet
Cash Management
Consolidation/Roll-Up
Forecasting
General Ledger
Multi-Company
Multi-Department/Project
Profit/Loss Statement
Version Control
Ad Hoc Reports
Ad hoc Analysis
Budgeting & Forecasting
Consolidation / Roll-Up
Dashboard
Key Performance Indicators
Predictive Analytics
Qualitative Analysis
Quantitative Analysis
Scorecarding
Strategic Planning
"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement
Customizable Dashboard
Data Source Connectors
Drag & Drop
Drill Down
Financial Reports
Forecasting
Marketing Reports
OLAP
Report Export
Sales Reports
Scheduled / Automated Reports
Competitor Analysis
Correlation Analysis
Dashboard
Dynamic Modeling
Exception Reporting
Graphical Data Presentation
Modeling & Simulation
Performance Metrics
Sales Trend Analysis
Statistical Analysis

Vena Reviews

Overall
4.5/5
Ease of Use
4/5
Customer Service
4.5/5

Showing Most Helpful

Showing 12 of 12 reviews

Showing Most Helpful

Showing 12 of 12 reviews

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Rating
Company Size
Reviewer's Role
Length of Use
Frequency of Use
Lori L.
Business Systems Manager
Higher Education, 501-1000 employees
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
August 7, 2017

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

OverallWe 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.
ProsFlexibility 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.
ConsHaving to download each Excel file, but once downloaded, it's easy to select the data we want to see.
Reviewer Source 
Source: Capterra
August 7, 2017
siva K.
Solution Architect
Accounting, 501-1000 employees
Used the software for: 1-2 years
Overall Rating
4/5
Ease of Use
4/5
Customer Service
4/5
Features
4/5
Value for Money
5/5
Likelihood to Recommend
9/10
Reviewer Source 
Source: Capterra
April 18, 2018

“Excel based Performance Management Tool”

ProsOur 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.
ConsThere 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.
Reviewer Source 
Source: Capterra
April 18, 2018
Tobin R.
Controller
Unspecified
Used the software for: 2+ years
Overall Rating
4/5
Ease of Use
4/5
Customer Service
5/5
Features
4/5
Value for Money
4/5
Reviewer Source 
Source: Capterra
August 14, 2017

“Add super powers to your Excel templates”

ProsI don't have to learn SQL programming languages or wait around for my computer department to do something . I can manage everything myself.
ConsBeing a young company, they need more demonstrations, downloaded working files to build users skills.
Reviewer Source 
Source: Capterra
August 14, 2017
Whitney M.
Manager of Financial Planning and Analysis
Hospitality, 5001-10,000 employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
August 18, 2017

“Powerful, User Friendly Budgeting, Reporting, and Analysis Tool”

OverallImproved budgeting and ad hoc reporting
ProsThe 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.
ConsWe 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.
Reviewer Source 
Source: Capterra
August 18, 2017
Garlock J.
Owner/Chiropractor
11-50 employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
4/5
Customer Service
5/5
Features
5/5
Value for Money
4/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: SoftwareAdvice
February 16, 2018

“VENA SOLUTIONS IS AWESOME!”

ProsI 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!
ConsThere 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.
Reviewer Source 
Source: SoftwareAdvice
February 16, 2018
Trenton H.
Financial Analyst
Unspecified
Used the software for: 1-2 years
Overall Rating
4/5
Ease of Use
5/5
Customer Service
4/5
Features
3/5
Value for Money
5/5
Reviewer Source 
Source: Capterra
August 10, 2017

“The ease of use is a big plus for me, but the consistent rollout of buggy updates is frustrating”

ProsThe ease of use is a big plus for me. Was able to pick up a majority of the best practices within a couple weeks of use
ConsI realize you are continually trying to enhance the product, but quality has been faulted in the past couple months.
Reviewer Source 
Source: Capterra
August 10, 2017
Pat I.
Accountant
Hospital & Health Care, 1001-5000 employees
Used the software for: 1-2 years
Overall Rating
4/5
Ease of Use
4/5
Features
4/5
Likelihood to Recommend
8/10
Reviewer Source 
Source: Capterra
May 2, 2019

“VENA”

ProsExcel based which makes it very easy to use when you're already using excel.
ConsThe cut and paste feature takes a while specially since I work with big files.
Reviewer Source 
Source: Capterra
May 2, 2019
Matt S.
Sr. Financial Analyst
Unspecified
Used the software for: 6-12 months
Overall Rating
4/5
Ease of Use
3/5
Customer Service
5/5
Features
5/5
Value for Money
3/5
Source: Capterra
June 7, 2017

“Powerful tool for budgeting and forecasting”

ProsAdaptability with Excel while still being able to use all Excel native functionality. Easy to input variables and run data rich spreadsheets
ConsSetup time on individual templates can be cumbersome. Error messages are not very specific so you spend lots of time contacting the Help Desk.
Source: Capterra
June 7, 2017
Robert N.
CFO
Primary/Secondary Education, 501-1000 employees
Used the software for: Less than 6 months
Overall Rating
4/5
Ease of Use
5/5
Customer Service
3/5
Features
4/5
Value for Money
5/5
Likelihood to Recommend
9/10
Source: SoftwareAdvice
May 8, 2017

“Review of VENA reporting and budgeting capabilities”

OverallVENA leadership very supportive of our implementation. Reacted quickly to our concerns
ProsEase of design and compatibility with Excel. Flexibility in implementation allowed us to try multiple iterations and change items like budget template design mid project.
ConsSome start up bugs - Excel add in had to be added in a few times. Some users experienced unexplained data losses. Compatibility with MACs an issue
Source: SoftwareAdvice
May 8, 2017
Adwin W.
Jr. Financial Analyst
Pharmaceuticals, 201-500 employees
Used the software for: 2+ years
Overall Rating
3/5
Ease of Use
2/5
Customer Service
4/5
Features
3/5
Value for Money
3/5
Likelihood to Recommend
5/10
Source: SoftwareAdvice
February 20, 2017

“Vena”

OverallUseful product but hard to use without constant support from their consultants.
Source: SoftwareAdvice
February 20, 2017
Shannon L.
Administrative Assistant
Unspecified
Used the software for: Less than 6 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Likelihood to Recommend
10/10
Source: SoftwareAdvice
July 21, 2016

“Vena Cloud ”

ProsAllows data import, easy to navigate and use, customer support is very helpful.
ConsI'm sure there is something that could be improved, but personally, I cannot think of a single thing!
Recommendations to other buyersGive your honest opinion so that others know what they are getting or the company knows what they need to improve on!
Source: SoftwareAdvice
July 21, 2016
Kevin B.
CFO
Computer Software, Unspecified
Used the software for: Less than 6 months
Overall Rating
4.5/5
Ease of Use
4/5
Customer Service
5/5
Features
4.5/5
Likelihood to Recommend
8/10
Source: SoftwareAdvice
April 16, 2015

“First post implementation impression”

ProsEase of use and retention of the all familiar Excel.
ConsI look forward to the day Vena has a robust user group.
Recommendations to other buyersDon't join any popular product's bandwagon, think very critically about how the tool can take practically take your team to the next level of performance.
Source: SoftwareAdvice
April 16, 2015