Vena Reviews

Excellent Financial Reporting Product with Easy Options.

Comments: The payroll management and transaction tracking using Vena is excellent. The data analytics and budgeting is effective and i also like data integration capability.

Pros:

Vena Accounting capabilities are effective and i also love the invoicing tools and on different Construction projects workflow management.The data management, tracking of various project expense through Vena is productive and the access control is perfect.

Cons:

Vena has absolutely nothing to dislike or even the performance issues found. Easy and productive services generation.

Best Accounting Software

Comments: 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.

Coming full circle - back to excel?

Comments: I have used a handful of popular systems in my 10-year career. When I first heard of Excel focused planning tools I was at first excited. How can a system that solves for the very tool that all of finance uses go wrong? In the beginning, FPA wanted to get out of Excel and have one version of the truth. Then the industry pivoted back to Excel with a bunch of intermixed features between Excel and cloud solutions workflow. With that, issues arise such as..If everything is Excel based, is it just easier to use Excel? Sadly Vena, and many others like them, fall short with the basic product offering equation. What problem are you actually solving for? The balance between a native Excel feeling and the Vena software controlling it feels under-developed. And how can it not be? If you solve for Excel then you stray from the Vena platform, if you focus on Vena platform you move away from Excel. The result is a mediocre product at best. Here is a basic example. In Excel you can group columns, easy. In Vena, you can write simple code on the report to hide a column. In the same report you can use one or the other, or both, the results are reports with frustrating formatting quirks. Though there are some pluses to Vena, I would think twice about committing to it as it is not a robust planning tool. The main question you, the user, should ask is the following.” Do I buy into the future where Excel (a system owner my Microsoft) really the future of financial planning software?

Pros:

Honestly, if you have used other planning software, I can not really say there is much.

Cons:

• No web interface that shows your financials. All financials must be displayed through reports that you build through Excel. Yes, you can pull intersection data and get a dump, but that is cumbersome. • Loading headcount takes up to an hour to load since it needs to be customized. • Mapping a report takes too long. You must map not just columns and rows, but the “page”, or global like dimensions. Vena should be smart enough to know this without the user, it is not. • Mapping a report takes way too much space. You can not nest a query within a cell. • Hard running a report with two global assumptions. You have to create another intersection mapping. • Hard to audit a complicated report, hence you are incentivized not to, therefore what is the point? • Reports and input sheets can exist on the same report sheet. Though useful at times, it is easy to override data and can get confusing. Though you sometimes have to do it for modeling purposes. • The software learning curve peaks too early. I understand having a simple software, but not at the expense of functionality. • Writing intricate code to help automate financial planning is not practical. There is only a primitive editor, and no result box that guides you. Our consultants told us do not even try because they seldom touch it. Specifically, it is extremely hard to validate what is occurring. • Building a three-statement model is a disaster. Imagine building a balance sheet, but not being able to pull a number from the

Vena: Excel Integration Review

Comments: Vena is an effective FP&A tool that provides a wealth of capabilities to speed up financial planning and analysis procedures. Users may get a comfortable interface thanks to its Excel integration, which also offers better control and collaboration possibilities. The software's reporting, workflow automation, and data connectivity features make it a reliable option for businesses wishing to enhance their budgeting and planning procedures.Potential users should take the Excel-based interface's learning curve and implementation's complexity into account, though. In addition, the licensing and implementation costs should be compared to the organization's spending plan and needs.In general, Vena is a good fit for businesses that value Excel familiarity, need sophisticated financial modelling tools, and are prepared to spend money on a full-featured FP&A solution.

Pros:

Vena provides a full range of tools for collaboration, reporting, data integration, financial modelling, and budgeting. It offers freedom for model customization in accordance with unique company requirements and handles complex financial scenarios. Vena takes advantage of Microsoft Excel's strength and familiarity to make it simple for users to work with well-known spreadsheets while enhancing control, data integrity, and collaboration capabilities. Vena makes it easier to combine data from several sources, enabling centralized and automatic data consolidation. It can extract data from databases, ERP systems, and other sources, decreasing the need for manual data collecting and the possibility of human mistake. Vena provides users with strong reporting and analytical features that let them design unique reports, dashboards, and visualizations. Making educated judgements is made possible by its real-time visibility into financial data for stakeholders.

Cons:

While Vena's Excel-based interface may be useful for users who are already comfortable with it, it could take some initial getting used to for those who are not as skilled with it. To take full advantage of the software's features, training and support may be required. It could take a lot of work to implement Vena, especially for businesses with intricate financial systems and data architecture. Vena consultants or implementation professionals may be needed to help with the time-consuming tasks of configuring models, integrating data sources, and guaranteeing a smooth transition. Vena is a comprehensive software package, and as a result, its price may be somewhat greater than that of some other market-available tools for planning and budgeting. As part of the evaluation process, it is important to take into account the cost of licensing, implementation, training, and continuing maintenance.

Vena - The best Microsoft 365 integration

Comments: 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

Vena - returning customer

Pros:

- Flexibility of the tool to build your own universe of workflows and reports- Excel-based- Sense of community created by the Vena marketing team

Cons:

- Rocky integration with our accounting system (needed external help)

Best tools for Sales Performance and Management Platfrom

Comments: Solid analytics, reporting features, and Advanced analytics capabilities, such as predictive analytics or advanced data visualizations, are benefits to gaining deeper insights into sales performance.

Pros:

Comprehensive Sales Performance Management (SPM) solution designed to help organizations streamline and optimize. Future allows for the equitable distribution of targets and territories, ensuring sales teams have clear objectives and aligned incentives.

Cons:

I don't have any corn. SPM set of features and capabilities to streamline sales processes and optimize sales performance. Overall flexibility, user-friendly interface, and focus on data accuracy and security make it a valuable choice. And I recommended it.

Great Accounting and Effective Reconciliation Platform.

Comments: Easy tracing different transactions and the Asset allocation and cost estimation functionality on Vena is productive and the financial integration is perfect.

Pros:

Vena financial data analytics creation and financial insights collection across other Accounting products is easy and the Construction project expense tracking and payment management Vena is amazing.

Cons:

Vena is simple to custom all the features to improve performance and I have zero error that I can recall from Vena.

Vena is an Effective and Powerful Access Control System.

Comments: Flexible expense management and very cost effective compliance management platform with a very friendly interface.

Pros:

Easy to manage Accounts and the Construction project workflow management through Vena is amazing and the ability to integrate financial data and multiple project document management is quite excellent and effective.

Cons:

Highly functional platform for financial data handling and it's very easy to custom all the functionalities and quality of services is good.

Helpful and Functional Reports Creation Platform with Flexible Features.

Comments: Great financial data integration solution and tracing multiple project transactions and employees easy payment management system.

Pros:

Vena offers the most responsive financial data management functions and creating professional financial data analytics and the Account Payable functions are incredible.

Cons:

Quite simple platform on deployment and adjusting of its various financial data handling features was easy and nothing to dislike.

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.

An incretabulous and unrivalled Financial Planning,Budgeting and Analysis Tool.

Pros:

It's is simple to plan accurate financial budgets and forecasts using Vena.It is useful tool that streamlines all accounting and bookkeeping activities.It is useful as it helps to generate custom financial reports.It is possible to carry out financial analysis using Vena.

Cons:

Small business organization might find it challenging to purchase Vena because it's pricing is relatively high compared to it's alternatives.

Spectacular accounting application.

Comments: 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.

Fantastic, accurate and fast accounting management software.

Comments: Always the best when solving accounting and financial problems. I get a good balance on my expenses at hand.

Pros:

The features that make budgeting more easy and always accurate.It is in real time with notifications and keeping a good financial track on all expenses.

Cons:

It sorted my accounting problems by far such that I don't really see anything as a flaw.

Vena

Comments: Over the experience was really good, would like to appreciate it. As I already mentioned value for money software which especially supports excel.

Pros:

A value-for-money app helps you build any report and share information easily. User-friendly and easy to use, just setup and use.The most highlighting part was the training and webinar which made things easy to learn and implement.

Cons:

There are a few things that I wanted to highlight:- Poor Support- Interface/Design can be better.- Some time it works slow.

Fantastic and thorough Accounting portal

Pros:

The thing I really adore about Vena is that it enables us to quickly build unique financial heads, such as company, supplier, etc., and completes financial transactions to produce general ledgers, which are then used to quickly compile the balance sheet.

Cons:

To fully comprehend it, our staff need first hand training.

A decent accounting and reporting tool to take care of budgeting and projections

Comments: Vena is used for budgeting, forecasting, divisional and locational financial statements, and consolidated corporate financial reporting. The projects team has reports tailored to meet the specific demands of project budgeting and financial reporting.

Pros:

The way it links data producers, analysts, and consumers, makes it easier to maintain a single source of data. So far, it has proven relatively simple to integrate non-technical staff members into Vena and enable them to contribute successfully.

Cons:

Because it is easy to exceed Excel's capabilities, its structure can occasionally lead to difficulties or delays.

Vena is amazing!

Comments: I really enjoyed using Vena. I makes our work easier and save time.

Pros:

What I like most is that Vena have interface like Excel, which makes it easy to create reports for our business. The interface is really great.

Cons:

I always like using Vena because I never experienced any difficulties using Vena.

Vena review

Comments: Overall we have had a very good experience with Vena to date

Pros:

Vena does a great job with alternative hierarchies, rollups, visual displays are well laid out

Cons:

The drilldown functionality does not seem to support visually displaying where the hyperlinks exist and so you need to try several intersections to see where drillable cells reside. Not sure if a config issue though.

Vena

Comments: Overall, it's a good planning software as it provides a wide array of planning features including budgeting, variance analysis, and financial reporting.

Pros:

Vena has a user-friendly interface which makes it easy even for non-technical users to navigate and utilize its features. It enables team collaboration and allows multiple users to work on a planning process simultaneously.

Cons:

Vena's pricing structure might be a potential drawback for small businesses.

Robust and Comprehensive FP&A Software, would recommend

Comments: very good experience so far and will likely improve as i become more accustomed to the software.

Pros:

It is very easy to create any type of report you like in a very logical way and is flexible to changes in data which are easily implemented and understandable for non-tech users

Cons:

initial implementation was time-consuming and took many hours to setup hierarchy and validate data

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.

Strong financial reporting structure

Comments: Consolidated Financial Statements, departmental/locational financial statements, and Budgeting/Forecasting

Pros:

Vena has great ways to connect and link your business' data, allowing you to logically build out reports and views of whatever statements your business will require.

Cons:

Sometimes the structure of Excel can create challenges or delays because it is possible to overload the abilities of the Excel but the comfort of a system everyone is already familiar with outweighs the challenges.

Vena has been a great resource

Pros:

The way it connects data contributors, analysts, and data consumers so there is only one source of truth to maintain. So far it has been very easy to get non-technical employees comfortable enough with Vena to use it effectively as a contributor.

Cons:

I have some frustrations with the limits of Vena as it is used in Excel. For example, if contributors filter or sort tables in input forms it often causes issues with the dimensions mappings.

Great product for Excel integration

Comments: It has been good for forecasting and budgeting

Pros:

Vena is good for integrating excel files and sharing them with the operations of the business. WOrkflows allow for easy delegation and tracking of tasks, and the data models allow for clean data storage.

Cons:

Changes in templates that affect the Vena cube mapping can severely slow down the processing time of excel files.