User Reviews Overview
About Vena
Reduce reporting, budgeting & close times by 50% with Vena—the only Complete Planning platform natively integrated with Microsoft 365. With a familiar Excel interface, AI-powered insights and a centralized database that...
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- Industry: Construction
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Recommendation from an early Vena adopter
We deployed Vena in 2020 as an ERP extension to our legacy system. Vena empowered sales metrics on the front end, financial project management in the middle, and financial reporting at the job level on the back end. We deployed a second "cube" data warehouse after the initial launch for financial reporting. Each deployment has worked as prescribed and brought extraordinary value to our construction company.
Pros
Vena has delivered huge value for us in a flexible package that can grow with our business effectively and efficiently. Vena let us keep our existing financial system and our customer Excel quoting apps. And built a reporting system on the back of Excel which everyone already knows. The road to value was fairly straightforward for us.
Cons
Vena is a toolbox of powerful opportunities. It is not an out-of-the-box accounting system. So you have to know exactly what you want out of Vena before deploying it. But this is true of any data warehouse. Knowing how data is to be extracted and presented requires upfront commitment and execution. Time spent in the planning phase will pay off 10X in the execution phase.
- Industry: Higher Education
- Company size: 501–1,000 Employees
- Used Weekly for 2+ years
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Review Source
Vena provides flexibility to set up budgets, reports and other processes as flexibly as we...
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.
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.
- Industry: Nonprofit Organization Management
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Cloud Based Excel Software
At ANet we completely re-modelled our reporting and we saved man power and time byinstalling vena.
Pros
Vena is a plug in for Excel, so the basic functionality for excel is all there. You don't need to learn a new software.
Cons
Integration can be improved. Sometimes integrations are complicated. It is not user friendly for Mac users.
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- Industry: Information Technology & Services
- Company size: 10,000+ Employees
- Used Daily for 6-12 months
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Review Source
Best Accounting Software
After using the Vena Software now I can say it's the best accounting software where we can reconcile ending balances. Now we can easily identify discrepancies or time differences between the bank statement and financial records. With a centralized database, we can easily collect all the data from different departments and generate a collective report about company progress. That's why I totally recommended this software to all my corporate friends.
Pros
After using the Vena software now I can say that now I can take up my financial decision more effectively. with the help of this software, we can generate a report through with we get better financial insights. Now we can do data aggregation department-wise. With Vena Software my focus is financial planning or analysis through its various features like bank reconciliation, General ledger, and many more. It's very user-friendly with an interactive dashboard and collaboration management.
Cons
Nothing, I like each and every feature of Vena Accounting software offers features such as data consolidation, workflow automation, scenario modeling, and interactive dashboards which help me in taking the future decision after keeping in mind the current situation of our company. We can now collaborate with our stakeholders to access and review different scenarios.
- Industry: Mechanical or Industrial Engineering
- Company size: 501–1,000 Employees
- Used Daily for 1+ year
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Review Source
A Strong tool that can help to create the best reports in an organization
After we installed Vena in our organization the broad data management of the whole organization got completed a lot faster than before and it has lots of collaborating tools that even make it more time-saving and high potential software which gives great returns to our company.
Pros
Vena is a cloud-based platform that helps our business to track all their budgets, plans, and financial data in a single platform. The best part of Vena is that it can easily be integrated with MS Excel and even a user who doesn't have much information about Excel can work on it with huge data. It also helps to understand the overall performance of our organization and understand the market trends.
Cons
The worst part of working in Vena is its interface which is a little different to learn initially and getting used to its complex user interface takes a little time also the price of the software is on the higher side when it is compared to some other FP&A software available in the market.
- Industry: Financial Services
- Company size: 11–50 Employees
- Used Daily for 1-5 months
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Review Source
Great Product at a reasonable price
Beyond the finance and accounting departments, other teams, such as operations and sales, also benefit from Vena Solutions. They leverage the platform to access financial data, track performance against budgets, and align their activities with the overall financial goals of the organization. This cross-departmental usage fosters collaboration, transparency, and accountability throughout the organization.
Pros
Vena Solutions is being utilized across our entire organization, spanning multiple departments. Its primary application is within our finance and accounting departments, where it serves as a comprehensive financial planning and analysis (FP&A) software. Vena Solutions enables our teams to streamline various financial processes, including budgeting, forecasting, financial reporting, and consolidation. Within the finance department, Vena Solutions is employed to centralize and automate the budgeting and forecasting procedures. It offers a collaborative platform that allows different stakeholders to contribute their inputs and assumptions, which are then consolidated into a comprehensive financial plan. This streamlines the budgeting process, reduces manual errors, and enhances the accuracy of our financial projections.
Cons
Hard to teach others how to use this product
- Industry: Accounting
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
Incredible,straightforward and powerful Financial Planning and Analysis Tool.
Pros
It is simple to create financial budgets and forecasts with Vena.It streamlines financial planning and analysis process thus we can plan our financial future accurately with Vena.It helps to automate tasks and workflows and also simplifying business processes.It makes it simple to generate custom financial statement reports.
Cons
Vena has wide variety of features and functionality that are simple to customize,configure and navigate so as to meet our objectives hence I lack anything major setback to highlight.
- Industry: Chemicals
- Company size: 51–200 Employees
- Used Daily for 2+ years
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Review Source
Masterful and powerful Financial Planning,Budgeting and Forecasting Solution.
Pros
It automates complex business processes like financial budgeting and forecasting thus saving time.It helps to automate and eliminate tedious tasks.It is simple to carry out accounting and bookkeeping activities with Vena.It is simple to prepare financial statements with Vena.It is simple plan and manage cash flows with Vena.
Cons
Vena is an expensive financial planning and budgeting solution and I do suggest that it's pricing tiers should be lowered to attract more business prospects.
- Industry: Consumer Services
- Company size: 501–1,000 Employees
- Used Daily for 6-12 months
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Review Source
Outstanding sales performance reporting product
The financial reporting based on data analytics has helped us to set achievable objectives. Team collaboration has been enhanced which helps teams to focus on potential business gains and avoid bottlenecks. The recorded growth has indicated that Vena is the most efficient business planning tools that accelerate achievement of set goals.
Pros
Vena provides best budgeting tools that helps each department to set realistic goals on projects. It tracks performance of sales and marketing programs from the company websites. It helps us to focus on more productive business programs and manage resources effectively. The planning system has mitigated risks with real-time insights.
Cons
This tool has simplified key business programs and I totally like it. I have not observed low key indicators from the overall performance.
- Industry: Construction
- Company size: 201–500 Employees
- Used Weekly for 6-12 months
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Review Source
Vena is a powerful tool!
Pros
Vena helps my team with organizing month end procedures (using due dates and categorization), as well as building financial statements.
Cons
It is very complex system and takes time to understand.
- Industry: Accounting
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
Spectacular accounting application.
The experience is great on general accounting procedures. It's accurate and more productive
Pros
Accuracy in balancing sheet and controlling both profit and loss.Data import from any reliable source given.Solution to multi currency trading and exchange .Great in prediction and budgeting.
Cons
I have not encountered any the tool has simply performed as required.
- Industry: Information Technology & Services
- Company size: 10,000+ Employees
- Used Daily for 1+ year
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Review Source
Very professional financial forecasting and hypothesis.
Had a brilliant experience with Vena, I would recommend it to other businesses too.
Pros
I am thoroughly impressed with Vena as it offers what-if analysis capabilities, allowing us to simulate different scenarios and assess the potential impact on financial outcomes. This functionality helps our business evaluate the effects of changes in variables such as pricing, expenses and market conditions.
Cons
Constant upgrades are a bit annoying although its necessary for performance.
- Industry: Renewables & Environment
- Company size: 51–200 Employees
- Used Daily for 2+ years
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Review Source
A Must Have Accounting Software - Very Affordable and Effective
My experience with Vena has been phenomenal
Pros
We have used it for accounting and it's really goodIt comes with business process management features and never disappointIt makes reporting and accounting analytics easy
Cons
Using it requires lot's of training and practice. Otherwise it's a great tool
- Industry: Information Technology & Services
- Company size: 10,000+ Employees
- Used Daily for 6-12 months
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Review Source
Vena - The best Microsoft 365 integration
Vena is a great platform to manage data into resourceful information. From generating reports and organising information to make an organisation productive and effective .
Pros
The most I like about vena is that it simplifies the financial process with east integration with Microsoft 365 and it’s very easy to deploy across organisation for forecasting, budgeting and analysing performance metrics.
Cons
The least I like about vena is customising reports from original source can be challenging . Also vena can be made a little more interactive with pointers which makes it user friendly
- Industry: Real Estate
- Company size: 51–200 Employees
- Used Daily for 1+ year
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Review Source
Efficient and Insightful
Vena streamlines financial analysis, but implementation costs may be a concern for budget-conscious organizations
Pros
Vena provide a huge selection of features for data consolidation, financial modelling and budgeting, it offers a complete set of tools to support various analysis tasks
Cons
Vena offers integration capabilities, but there might be restrictions on the systems and applications it can support.
- Industry: Oil & Energy
- Company size: 10,000+ Employees
- Used Daily for 2+ years
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Review Source
The been very instrumental in sales planning
We have been able to achieve our planning needs with Vena
Pros
The product's capability to analyze complex scenarios
Cons
I am very happy with the product features, looking foward to a new version
- Industry: Insurance
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
VENA-ease
Pros
The ease of use of Vena by using Excel format.
Cons
Mapping budget input can be cumbersome but we understand why it has to be done a certain way.
- Industry: Real Estate
- Company size: 51–200 Employees
- Used Daily for 6-12 months
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Review Source
Most diligent interpretation of MS Office 365
I would say Vena has definitely made it easy for most of us at work, we are trying to aim to achieve more by using Vena in most productive ways possible.
Pros
The most liked features of Vena is the complete extraction of predefined data from MS Office 365 to simple accessible information .
Cons
I would say Vena is a less user friendly and immediate traction to new users would be slight challenge, which is still achievable.
- Industry: Accounting
- Company size: 1,001–5,000 Employees
- Used Weekly for 2+ years
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Review Source
Exceptionally beneficial accounting management tool
Pros
The benefits that I like the most about Vena is that it automatically tally taxes, compiles tax figures, and assures proper tax is filed, hence it makes tax compliance simpler. It also now easier for me to stay up-to-date on tax laws and decreases the likelihood of mistakes leading to consequences.
Cons
The finance reports need to be more elaborative to gain further insights.
- Industry: E-Learning
- Company size: 501–1,000 Employees
- Used Daily for 1-5 months
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Review Source
Optimize the financial process with Vena
I highly recommend Vena for anyone who wants to reduce the efforts of sales and finance team. Vena is a clear winner for finance automation process.
Pros
The best about Vena is it make every sales person as a collection agent of their own sales with less documentation and tracking efforts. The color-coded reports indicate the loan disbursement status of our cases. We can easily export our sales report and performance record to the Google sheets for appraisal meetings and review meetings. We can track our incentives for each of our contribution.
Cons
Vena have many features of no use to my current role like Budgeting, Forecasting, etc. Download our reports in pdf is not straightforward.
- Used Daily for 2+ years
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Review Source
Add super powers to your Excel templates
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.
- Industry: Sports
- Company size: 51–200 Employees
- Used Daily for 6-12 months
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Review Source
Review
Pros
The implementation team was extremely helpful bringing us online. Would like to give a personal shout out to [sensitive content hidden] that was willing to help me through my extensive questions and emails.
Cons
I would say just the learning curve to navigating the program.
- Industry: Logistics & Supply Chain
- Company size: 5,001–10,000 Employees
- Used Weekly for 2+ years
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Review Source
It has helped us remain on top of the game, by providing timely and informative plans
We were trying to look ahead to ensure that we have capacity perform across all business season; Vena is exactly what we needed
Pros
We didnt to overhaul the existing system, which made it easier to adopt the product
Cons
Integration was smooth and we did not experience any onboarding issues
- Industry: Computer Software
- Company size: 1,001–5,000 Employees
- Used Weekly for 1-5 months
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Review Source
Effective and reliable auditing and accounting tool
Overall, we have managed to save time, enhance our workflows, establish a single data version accessible to all participants in the process.
Pros
Vena leverages the robustness and user friendly interface of Microsoft Excel, simplifying the process for users to work with familiar spreadsheets while enhancing control, data integrity, and collaboration features. Vena streamlines the consolidation of data from multiple sources, facilitating centralized and automated data aggregation. It can extract data rom various sources such as databases and ERP systems, reducing the reliance on manual data collection and the potential for human errors.
Cons
Creating intricate custom templates can be a time consuming endeavor. The process can become frustrating when building reports with intricate details, especially if the report malfunctions or is incorrectly mapped.
- Used Daily for 1+ year
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Review Source
The ease of use is a big plus for me, but the consistent rollout of buggy updates is frustratin...
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.
