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Vena Reviews & Product Details

Vena Overview

What is 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 connects and consolidates your data, you can improve productivity, free up time for analysis and plan for any scenario with confidence. Vena is perfect for finance and accounting teams looking for powerful, flexible and easy-to-use Excel-based FP&A software. Today, over 1,700 companies of all sizes use Vena's award-winning platform to streamline budgeting, reporting and analysis. Ready to see if Vena is a good match for your organization? Sign up for your free personalized demo today. G2 categories include: Corporate Performance Management (CPM) Software, Budgeting and Forecasting Software, Financial Close Software, Sales Performance Management Software and more.

Vena Details
Product Website
Languages Supported
German, English, French, Italian, Dutch, Portuguese, Russian, Spanish, Ukrainian
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Product Description

Vena’s corporate performance management software combines native Microsoft® Excel® with the sophisticated workflow, audit capabilities, business rules and central database of an enterprise-class solution.

How do you position yourself against your competitors?

Vena is intuitive budgeting, planning and 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 insights – fast.


Seller Details
Company Website
Year Founded
2011
HQ Location
Toronto
Twitter
@venasolutions
1,389 Twitter followers
LinkedIn® Page
www.linkedin.com
671 employees on LinkedIn®
Description

Vena Solutions is a leading provider of financial planning and analysis (FP&A) software that empowers businesses to streamline budgeting, forecasting, and reporting processes. Built on the familiarity of Excel, Vena’s platform integrates with existing systems to provide enhanced data consolidation, real-time collaboration, and advanced analytics. Organizations use Vena to improve decision-making, drive performance, and achieve business growth.


Paula B.
PB
Overview Provided by:

Recent Vena Reviews

Ronald N.
RN
Ronald N.Enterprise (> 1000 emp.)
1.0 out of 5
"Stay away. Overpromised and Underdelivered"
To be honest, we were so disappointed that it’s hard for me to find anything positive to say. I guess the team was very nice and tried its best, bu...
Verified User
U
Verified UserEnterprise (> 1000 emp.)
1.5 out of 5
"Disappointing Solution from a Well-Known Brand"
The templates are great,really handy, and we’ve been using quite a few of them. Plus, being able to centralize data and simplify some reporting tas...
Verified User
A
Verified UserEnterprise (> 1000 emp.)
4.5 out of 5
"Great application for fast reporting"
Stability, fast data load and flexibility in developing solutions for many issues. Great reporting/database tool.
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Vena Media

Vena Demo - Corporate Dashboard
Corporate Dashboard - Financial Analysis
Vena Demo - Income Statement
Financial Statement - Profit and Loss, Income Statement
Vena Demo - Balance Sheet
Financial Statement - Balance Sheet
Vena Demo - Cash Flow Statement
Financial Statement - Cash Flow Statement
Vena Demo - Operating Expense Forecast
Operating Expense Forecast
Vena Demo - Personnel, HR, Workforce Planning
Personnel, HR, Workforce Planning
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Play Vena Video
Play Vena Video
Play Vena Video

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Video Reviews

320 Vena Reviews

4.5 out of 5
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320 Vena Reviews
4.5 out of 5
320 Vena Reviews
4.5 out of 5

Vena Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for VenaQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Ronald N.
RN
Finance Manage
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Vena?

To be honest, we were so disappointed that it’s hard for me to find anything positive to say. I guess the team was very nice and tried its best, but I feel sorry for them having to deal with such a clunky product. Review collected by and hosted on G2.com.

What do you dislike about Vena?

After a nine month implementation, we ultimately decided to stop the process after spending countless hours on it. Vena’s models are extremely rigid and couldn’t accommodate our needs and requirements. Instead, they asked us to lower our expectations because the product simply couldn’t deliver.

On top of that, they failed to integrate with our ERP, despite claiming that "dozens of users are already using it."

I’m furious about the time and money we wasted on this failed process, not to mention an entire year that was completely lost. Review collected by and hosted on G2.com.

What problems is Vena solving and how is that benefiting you?

As we didn’t complete the implementation and stopped it midway, I’m unable to answer this question. Review collected by and hosted on G2.com.

Osama S.
OS
Finance Director
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Vena?

Nothing. Everything in Vena takes a lot of time to set up and do. Customer Service is great and very responsive so I am going to give them this. The product is awful. Review collected by and hosted on G2.com.

What do you dislike about Vena?

I am not sure where to start with what I dislike about the platofrm but I almost want to say everything. Vena is designed from the ground up to be a complicated platform. Dont expect the platform to be intuitaive or you can do anything on your own from the first time. It is a steep, a really steep learning curve.

If you are an experianced Vena user, it takes you anywhere between 30 min for easy reports to a few days to set up a report, FPA model or budget. Since Vena is based on Excel, you will inhernent all the limitations of Excel with it.

The integration they claim is really a data connector to your ERP. It's a 180 (one way ) degree integration, you can't push back the budget to your ERP. They don't integrate with any payroll providers, so all updates are manually done.

The dashboard they claim to have is basically is power bi embedded into Vena. You have to know how to write DAX formulas to really do anything with it.

During the sale or demo, they're going to make it seem very easy to do anything. Just ask them to set up a report in front of you from the start or ask them to deactivate the flags to uncover the complicated set up.

My recemndation is that you stay away, go with a web based platform. You will save yourself a lot of time, efforts and money. Review collected by and hosted on G2.com.

What problems is Vena solving and how is that benefiting you?

Vena has complicated our process even way before we had Vena. Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Vena?

The templates are great,really handy, and we’ve been using quite a few of them. Plus, being able to centralize data and simplify some reporting tasks has made things a lot easier and cut down on manual work. Review collected by and hosted on G2.com.

What do you dislike about Vena?

Overall, the value feels pretty low since the system is really complicated, and every little thing you want to add requires paid support. In the end, we only implemented a fraction of what we originally planned. Review collected by and hosted on G2.com.

What problems is Vena solving and how is that benefiting you?

One of our main challenges before implementing Vena was the lack of a single source of truth and the long hours spent consolidating data and managing the entire budgeting process, which was a big hassle for our team.

After implementing Vena, I must admit that the first two issues were resolved, we now use Vena to consolidate all our data sets, and it truley acts as our single source of truth.

However, we haven’t implemented the budgeting modle yet because the experience of implementing the financial reporting part was very difficult and frustrating. Review collected by and hosted on G2.com.

VS
Software Developer
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Vena?

Vena is exhibiting a strong dedication to using cutting edge software development best practices. Vena provides an extensive suite of solutions to manage all of an organization's FP&A requirements by leveraging the most recent developments from Microsoft in Excel and Power BI. The business is excellent at developing client side products and their customer service is strong and takes care of any problems that may come up. Review collected by and hosted on G2.com.

What do you dislike about Vena?

Sometimes Vena can be difficult to navigate for new users. It also can feel slow when handling large amount of data. Review collected by and hosted on G2.com.

What problems is Vena solving and how is that benefiting you?

Vena is great for software development because it offers powerful tools that integrate with popular platforms like Excel and Power BI. It helps business manage data more efficiently and improve planning processes. This makes development faster and more accurate. Review collected by and hosted on G2.com.

Andrew M.
AM
Senior Financial Analyst
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Vena?

Vena does a great job at organizing your data into a simple database format. Your data can be complex, but with Vena, it's easy to draw it down and organize it into ways that make sense. FP&A is now easier and our processes sped up. Review collected by and hosted on G2.com.

What do you dislike about Vena?

The learning curve and more advanced building processes can be tough to wrap your head around at first. Setting up your own template and making mistakes will help you learn sooner as you work with your Implementation manager. Review collected by and hosted on G2.com.

Recommendations to others considering Vena:

Work hard in your implementation to set up some of your own templates so you know how the software works. Review collected by and hosted on G2.com.

What problems is Vena solving and how is that benefiting you?

We had a very slow and painful close process as well as issues with memory space on previous software solutions. We've now cut our monthly close process on the FP&A side down from 2 weeks to 2 days. Review collected by and hosted on G2.com.

SV
Software Developer
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Vena?

With its automated method that streamlines the process this platform is great for forecasting and planning. It is simple to use and offers a strong and dependable solution for effectively handling all office duties thanks to its intuitive design. Review collected by and hosted on G2.com.

What do you dislike about Vena?

So far, the remedy has not caused me any problems. The pricing could be improved, so that's the only thing I would recommend. Review collected by and hosted on G2.com.

What problems is Vena solving and how is that benefiting you?

Our business has benefited greatly from having an easy to use and reasonably priced financial planning and budgeting tool. Furthermore a useful feature that guarantees financial progress is the introduction of the sustainable sales planner which makes correct projections. Review collected by and hosted on G2.com.

Aung C.
AC
5GC SDN Engineer
Telecommunications
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Vena?

Vena is a good tool because it has an easy interface. It can make reports without having to write code. The platform lets me change reports to fit my needs, which gave me useful information. In general, it help the option to adjust the reports. Review collected by and hosted on G2.com.

What do you dislike about Vena?

Vena's features are complicated and can be hard to learn , especially if it is not familiar with complex math and data mixing. Review collected by and hosted on G2.com.

What problems is Vena solving and how is that benefiting you?

Vena aided us in tackling issues such as manual tasks, data separation, and restricted temwork. This led to enhenced efficiency , better precisiion, and improved choices for finance team. Review collected by and hosted on G2.com.

SK
Financial Planning and Analysis Specialist
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Vena?

Vena is ideal for financial planning and analysis. It's simple interface makes difficult process like financial modelling and budgeting easier to manage. The interface with Excel is a significant advantage, allowing users to work with familiar tool while leveraging Vena's sophisticated features. Review collected by and hosted on G2.com.

What do you dislike about Vena?

One downside of Vena is that it can take some time to set up properly. Also it may feel overwhelming for new users at first. Review collected by and hosted on G2.com.

What problems is Vena solving and how is that benefiting you?

Vena helps solve problems with managing complex financial data and budgeting. It makes it easier to create accurate reports and collaborate with teams. This saves time, reduces errors and improves decision making. Review collected by and hosted on G2.com.

PD
Financial Advisor
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Vena?

Vena is ease of use is what I appreciate most about it. It facilitates speedy financial data management and analysis. Additionally the platform saves time and is highly dependable. Review collected by and hosted on G2.com.

What do you dislike about Vena?

What I dislike about Vena is that it can be slow at times. It also has a bit of a learning curve for new users. Review collected by and hosted on G2.com.

What problems is Vena solving and how is that benefiting you?

Vena solves the problem of managing financial data in a simple way. It helps me save time by making data analysis faster and easier. This allows me to focus on other important tasks. Review collected by and hosted on G2.com.

Verified User in Construction
AC
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Vena?

Stability, fast data load and flexibility in developing solutions for many issues. Great reporting/database tool. Review collected by and hosted on G2.com.

What do you dislike about Vena?

Very less items that's an issue or something. It fullfills all our needs. Review collected by and hosted on G2.com.

What problems is Vena solving and how is that benefiting you?

We make use of Vena in combination of Fluence (for consolidation purposes). The power and flexibility of Vena is very great, but the combination with Fluence, might be re-considered as we conduct issues mainly at Fluence part. Fluence is at the moment aware of it and working closely with us to solve the issues. Review collected by and hosted on G2.com.