Who Uses This Software?

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


Average Ratings

9 Reviews
  • 4 / 5
    Overall
  • 4 / 5
    Ease of Use
  • 4.5 / 5
    Customer Service

Product Details

  • Free Trial
  • Deployment
    Cloud, SaaS, Web
    Installed - Mac
    Installed - Windows
    Mobile - Android Native
    Mobile - iOS Native
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours
    24/7 (Live Rep)

Vendor Details

  • Vena Solutions
  • www.venasolutions.com
  • Founded 2011
  • Canada

About Vena

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


Vena Features

  • "What If" Scenarios
  • Balance Sheet
  • Capital Asset Planning
  • Cash Management
  • Consolidation / Roll-Up
  • Forecasting
  • General Ledger
  • Income Statements
  • Multi-Company
  • Multi-Department / Project
  • Profit / Loss Statement
  • Project Budgeting
  • Run Rate Tracking
  • Version Control

Vena Reviews Recently Reviewed!

Powerful, User Friendly Budgeting, Reporting, and Analysis Tool

Aug 18, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Extremely
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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.

Overall: Improved budgeting and ad hoc reporting

Add super powers to your Excel templates

Aug 14, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money

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.

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

Aug 10, 2017
4/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Pros: The 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

Cons: I realize you are continually trying to enhance the product, but quality has been faulted in the past couple months.

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

Aug 07, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Extremely
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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.

Overall: 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.

Powerful tool for budgeting and forecasting

Jun 07, 2017
4/5
Overall
3 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
3 / 5
Value for Money

Pros: Adaptability with Excel while still being able to use all Excel native functionality. Easy to input variables and run data rich spreadsheets

Cons: Setup time on individual templates can be cumbersome. Error messages are not very specific so you spend lots of time contacting the Help Desk.

Review of VENA reporting and budgeting capabilities

May 08, 2017
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Comments: VENA leadership very supportive of our implementation. Reacted quickly to our concerns

Pros: Ease of design and compatibility with Excel. Flexibility in implementation allowed us to try multiple iterations and change items like budget template design mid project.

Cons: Some 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

Vena

Feb 20, 2017
3/5
Overall
2 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Comments: Useful product but hard to use without constant support from their consultants.

Vena Cloud

Jul 21, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
Likelihood to Recommend: 10.0/10 Not
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Pros: Allows data import, easy to navigate and use, customer support is very helpful.

Cons: I'm sure there is something that could be improved, but personally, I cannot think of a single thing!

Recommendations to other buyers: Give your honest opinion so that others know what they are getting or the company knows what they need to improve on!

First post implementation impression

Apr 16, 2015
5/5
Overall
4 / 5
Ease of Use
4.5 / 5
Features & Functionality
5 / 5
Customer Support
Likelihood to Recommend: 8.0/10 Not
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Pros: Ease of use and retention of the all familiar Excel.

Cons: I look forward to the day Vena has a robust user group.

Recommendations to other buyers: Don'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.