Vena Reviews & Product Details

I use Vena daily in my work, and I find it very user-friendly. It has been a great help to both our Operations and Finance teams. We use it to house all of our month end excel sheets that we use for input and uploads that integrates with our Accounting software, as well as for our budget process, and all of our financial reporting on all levels. It was very easy to implement with our Operations team, and customer support was always there if we ran into problems. I value the fact that we have all of our reporting in one place. Review collected by and hosted on G2.com.

Honestly, I can't think of anything that I dislike about it. Review collected by and hosted on G2.com.

For our business Vena has been one of the most efficient software as it help us in maintaining our financial stability and data related to everyday operations. This is the software that is an advance version of MS Excel and can easily store all the business data in a centralised platform and compile them for a detailed analytics and future planning. Review collected by and hosted on G2.com.

The one and only challenge that I face while working with vena was its setup because initially the user interface was too much complex and we did not understand anything so the complete setup has been done with the help of YouTube tutorials and even the professional financial team was not able to do the complete setup. Review collected by and hosted on G2.com.

Vena has been great and has alot of features, but there are often data interruptions and updates that cause Vena not to work properly. Review collected by and hosted on G2.com.

There have been several instances where Vena will not work for us. Sometimes it is down for 20 minutes and sometimes it is down for multiple days without any way to access reports and templates. This has been the most frustrating part with using Vena. Review collected by and hosted on G2.com.

Vena centers its functionality around Excel, but all your data is securely stored in the cloud rather than within the spreadsheets themselves. Together with excel flags, there is potential to build reports that does exactly what you intend to show. The ability to dynamically expand within models, reports, and templates greatly simplifies the work for those responsible for maintaining them. The cascade feature of reports dynamically runs the report in slices without having to select the slices manually, saving a lot of time. Review collected by and hosted on G2.com.

After using Vena for a few years, we have found that most of the challenges we face are related to template automation and ensuring that Mac users can effectively use the platform. We continue to discourage users to access Vena from Mac environment and strictly direct our users to access Vena from Windows environment. It works very well with MS Office, but does not have much integration for GSuite. Review collected by and hosted on G2.com.

I like that Vena keeps the flexibility of Excel while adding centralized data, version control, and structured workflows. The approvals and audit trails improve transparency, and it scales well as our planning needs grow. Vena helps centralize our planning process while still allowing teams to work in Excel, making adoption much easier across finance and non-finance stakeholders. It's especially useful for consolidating budgets across departments, managing rolling forecasts, and producing standardized management reports. The workflow and approval features improve accountability and reduce version-control issues, while the centralized database ensures everyone is working from the same set of numbers. Vena eliminates version-control issues and manual consolidation by centralizing data and automating planning workflows, which reduces errors, improves data integrity, and shortens budgeting and forecasting cycles. The structured workflows and approvals improve collaboration and accountability, helping planning cycles run faster and more smoothly. Review collected by and hosted on G2.com.

Some advanced features and configurations have a learning curve, and setup can take time to optimize. Performance can also slow with very large or complex models, so improvements in speed, UI responsiveness, and more out-of-the-box templates would be helpful. Review collected by and hosted on G2.com.

The ability to have our financial statements automatically update each month is a huge improvement over our manual excel files. Vena's budgeting/forecasting capabilities are really strong and allows for creating multiple scenarios. Working with Vena is excel allows for all normal excel functionality. We really like the drill in capabilities to go from summary data to expand down to even the transactional level. Review collected by and hosted on G2.com.

In our experience, Vena's account reconciliation tool does not match the capabilities of some specialized reconciliation solutions. However, as a relatively affordable add-on, it adequately serves our requirements. Additionally, the ease of implementation largely depends on the amount of effort dedicated to data cleansing beforehand and having a clear understanding of predefined expectations. Review collected by and hosted on G2.com.

I like that Vena has an Excel-based front end. It allows me to work within a framework that I'm familiar with, offering the same flexibility to change models. The cube back end and robust workflows make it durable for whatever I can throw at it. I also appreciate that it provides stability in the core formulas and assumptions and doesn't require the same level of horsepower on my local PC to generate results. It's more flexible than other enterprise-level solutions. The setup was fantastic, thanks to a great partnership with implementation consultants. Review collected by and hosted on G2.com.

There are limitations still on what the Vena 365 solution can do compared to the desktop. I would hope that they would scale those out. One particular item where I would like to see better functionality is the error troubleshooting. I'd like 365 to be able to have the same level of troubleshooting across platforms. Review collected by and hosted on G2.com.

I like the ability to render reports fairly automatically and have a consistent look and feel when presenting to our campus budget managers. I do, though, like the introduction of PowerPoint in Vena and we'll be seeing how we might be able to leverage that new tool. The initial setup went very well, and the consultants at Vena were very helpful and prompt in their response times. We were set up and ready to go in short order to begin reporting to our campus. Vena is very helpful in the area of financial reporting and analysis, and all the functionality of Excel presents itself in Vena such that if you know how to use Excel well, then you're far ahead and ready to go to begin using Vena to deploy in your organization. Review collected by and hosted on G2.com.

I think what could be improved is a feature where the intersections that combine into a cell could be more easily displayed as a formula like in Excel so that you can backwards check numbers and tie to published reports just by looking at the consistency of the formulas. Review collected by and hosted on G2.com.

Versatility: Excel interface is reassuring for stakeholders, especially beyond the FP&A team. We have been using Vena for seven years now and we gradually implement new features when they became available. We recently finished the implementation of the accounting close and consolidation modules. We got a great after sales services. Participation to experts' community events also help tremendously to keep abreast with the product development and best practice. Review collected by and hosted on G2.com.

This is an expert system. The calibration and successful roll out it depend on (Vena) expert ressources. Once it is properly calibrated and tested the internal adhesion should be easier. Review collected by and hosted on G2.com.

I find Vena to be incredibly stable and easy to use, which gives me a reliable feeling when working with the platform. As we handle financial data for a listed company, it's crucial that our tools deliver dependable performance, and Vena excels in this area. I particularly appreciate Vena's hands-on nature and its seamless integration with Microsoft Excel, which makes it an ideal tool for managing and consolidating our financial data effectively. Additionally, Vena has proven valuable for gathering both financial and other forms of data from our various subsidiaries, allowing for efficient consolidation and planning. I've experienced a smooth implementation process with Vena, with no issues during setup, which speaks to its user-friendliness and effective onboarding procedures. Overall, Vena's capabilities and ease of use make it an indispensable tool in our financial management processes. Review collected by and hosted on G2.com.

I find the lack of a real consolidation solution in Vena to be a limitation. Currently, we have to use Vena in conjunction with the Fluence add-on to achieve full consolidation capabilities. It would be more efficient and convenient if Vena could incorporate consolidation rules within the same tool, eliminating the need for an additional add-on and making it a comprehensive solution. Review collected by and hosted on G2.com.