Vena is a powerful budgeting, planning and forecasting software solution designed for enterprises and organizations that want to create and implement foolproof budgets for their operations, purchases, acquisitions, and more based on reliable financial data and analytics. The software provides users with a centralized budgeting solution that offers automation of their workflows and processes, absolute version control, reliable audit trails, user permissions, and more.
Vena’s strength lies in shortening the typical budget cycle, with a drag-and-drop budget process design tool to map out the automation process. Specific tasks can be easily assigned to any team member, with possible contributions from any stakeholder. The automated routing, review and approval workflow allows you to monitor each step carefully and flush out bottlenecks and revisit your process accordingly.
Simply put, Vena is a huge transition from boring and confusing spreadsheets that are prone to errors and plagued with technological limitations. Users will definitely appreciate how budget planning and execution become a streamlined process. Financial data are sourced from various systems and applications and are automatically consolidated, organized, and analyzed to help generate feasible budgets that adhere to the company’s policies, specifications, and other preferences. The precise version control ensures your team is working within the allowed budgets, with tight user permission controls to eliminate the occurrence of multiple budgets that can wreak havoc on your finances and operations.
Show MoreHere are the main benefits of Vena:
Work with a single version of the truth
Vena takes care of gathering and consolidating financial information from various sources, including accounting systems, ERP systems, and more. It automatically organizes all your information and puts it all in a centralized database, free from duplicate entries, erroneous figures, and other forms of errors that stem from manual processes and human intervention.
As a result, Vena works with information that is consistent across all systems and even the entire organization. It organizes and analyzes your financial information essential to the creation and implementation of the budget. It quickly delivers budgets that are reliable and executable and aligned with your targets and goals.
Faster, shorter budget cycle times
Budgets are a complex yet critical aspect of running a business. Thus, it is imperative that budgets are immediately reviewed and approved/declined so that other processes and workflows dependent on budget move along as well.
With Vena, you can configure the approval process and automate specific workflows to ensure that your budget cycle runs smoothly. You can assign team members to perform specific tasks at particular points and automatically deliver notifications to stakeholders at certain stages.
The software also helps you recognize pain points and bottlenecks so you can quickly address and solve these issues long before they blow up and become serious problems that stagnate your budget process.
Generate incisive reports without the need for IT
Vena is ultra powerful without the complications required to run the software productively. Any user without the technical background of software experts can easily pull out relevant data from the unified database and generate models or reports that matter for leadership to act on. KPI and executive dashboards are sweeping and easy to understand, and they can be generated right inside Microsoft Excel.
Managers may also access the database and execute their own what-if schemes to help them come up with deeply informed decisions and course of actions.
Perform complex budgeting operations even in Excel
If you are stuck with crucial data in Excel, you need not worry about leaving Excel and opening Vena to input and process the Excel data: Vena extends its capabilities right inside Excel so you can generate the required calculations that you need.
Vena works with Excel almost natively, so you can have a peace of mind that your Excel data can work seamlessly with Vena’s sophisticated computing power to produce the numbers that you need.
Show MoreProblem #1: Collecting and aggregating budgeting data is often manual and time-consuming.
Vena automates the budgeting process, often reducing cycle times by 50 percent.
Problem #2: Finance teams want to do data-driven strategic planning and deliver more accurate predictive and prescriptive revenue forecasts.
By drawing on real-time data from sales, marketing, customer care, and finance, Vena provides top-level insight by diving deep into the most important indicators of your business growth, including cash flow, customer acquisition cost (CAC) and customer lifetime value (CLV).
With Vena, CFOs can be more agile and data-driven in the financial guidance they provide to departments across their organizations. In turn, they can work more effectively with other department leaders to turn organization-wide revenue goals into detailed departmental objectives.
Problem #3: Organizations struggle to keep departments working off common data sets, essentially creating multiple versions of the truth.
With Vena all of your data is stored in a secure database and updated in real time, reducing the need for manual data entry by up to 75 percent. You’ll improve the accuracy and integrity of your data and eliminate issues with version control.
Because companies have particular business needs, it is logical that they abstain from buying an all-encompassing, ”best” business application. Needless to say, it is hard to try to discover such a software product even among recognizable software products. The rational thing to undertake is to list the varied significant aspects that merit careful thought such as crucial features, costing, technical skill capability of staff members, organizational size, etc. Then, you must do the research thoroughly. Go over some of these Vena analyses and look over each of the solutions in your shortlist in detail. Such all-encompassing research ascertains you take out mismatched software products and choose the one which delivers all the tools your company requires to be successful.
Position of Vena in our main categories:
Vena is one of the top 100 Accounting Software products
There are well-liked and widely used systems in each software category. But are they essentially the best fit for your enterprise’s specific wants? A market-leading software product may have thousands of users, but does it offer what you require? For this reason, do not blindly spend on popular systems. Read at least a few Vena Budgeting Software reviews and think about the factors that you desire in the software such as the price, main tools, available integrations etc. Then, shortlist a few solutions that fit your needs. Try out the free trials of these apps, read online reviews, get explanations from the vendor, and do your investigation systematically. This exhaustive homework is sure to help you find the best software application for your company’s special requirements.
Vena Pricing Plans:
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Vena Pricing Plans:
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Interested parties need to contact Vena Solutions for information on their Budgeting and Planning Software’s basic and enterprise pricing packages.
We realize that when you make a decision to get a Budgeting Software it’s important not only to find out how professionals evaluate it in their reviews, but also to check if the actual clients and companies that use it are indeed content with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Vena reviews across a vast range of social media sites. The information is then presented in an easy to understand format indicating how many users had positive and negative experience with Vena. With that information available you should be prepared to make an informed business choice that you won’t regret.
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Vena is a source system agnostic and integrates with anything you are currently using, including:
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ADD A REVIEWThe most favorable review
PROS: The ability to use MS Excel as an overlay to the cloud cube database is an incredible thing. We are able to enjoy the perks of using both.
CONS: There’s nothing to dislike; only exciting upgrades to look forward to. The dashboard is still in the first phase and there are still lots of room for improvement.
The least favorable review
PROS: We can forecast, plan, and create solid financial reports for our company all in one location. The ability to update reports in real time with so much ease through ETL uploads has made it faster to complete reporting. Our approval processes and workflow has become easier to manage and monitor, thanks to the solution's forecast and planning tools. Learning how to use the system is a no brainer for staff with experience in Excel. But if aren't familiar with the program, there are training to help you get started. And whenever a technical problem arises, Vena team helps solve issues immediately.
CONS: It is difficult and sometimes takes time to build reports because you still have to begin with a blank Excel worksheet. But with a little practice, this won't be an issue anymore. The loading time of reports and the wait time when uploading huge ETL is quite slow. Apart from that, support is not available round-the-clock. So if a problem arises at night, we can get help the following day. But it's because of the time zone.
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A helpful tool for finance managers
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PROS: Vena brings the comfort of utilizing Excel and the ability to build templates only once and just replicate them when needed. The latter ability has saved us a lot of time from doing tens of hundreds of templates manually. Another strength of Vena is its integrated workflow process. It gave our company the ability to incorporate many stakeholders in the process. Lastly, I like the ability to connect Excel models without breaking links.
CONS: Excel occasionally crashes. But there's nothing to worry because there are saved backups. Aside from that, I wish Vena would make solving problems with the system more self serve by providing more comprehensive and easy to follow in the app troubleshooting guide.
Do more and save time by standardizing reports
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PROS: Vena has been our go-to solution when it comes to creating and accessing reports. When it comes to building reports, we only have to create one and leverage it across more than a hundred entities in our organization. No need to spend long hours and a significant amount of time building countless new reports. In terms of accessing reports, the service let us access any reports we need easily. No need for temperamental and complex integration to get the reports. The service also helps us ensure that our team is building reports in line with the best practices in the field. Vena team is always within reach.
CONS: I am not well versed in excel formulas so I had a bit of a hard time using them. Fortunately, I have colleagues who know how that stuff works. Whenever I need to use formulas, I just seek help from them. I am able to figure things out with their guidance.
A budgeting solution that lets you do more
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PROS: We can forecast, plan, and create solid financial reports for our company all in one location. The ability to update reports in real time with so much ease through ETL uploads has made it faster to complete reporting. Our approval processes and workflow has become easier to manage and monitor, thanks to the solution's forecast and planning tools. Learning how to use the system is a no brainer for staff with experience in Excel. But if aren't familiar with the program, there are training to help you get started. And whenever a technical problem arises, Vena team helps solve issues immediately.
CONS: It is difficult and sometimes takes time to build reports because you still have to begin with a blank Excel worksheet. But with a little practice, this won't be an issue anymore. The loading time of reports and the wait time when uploading huge ETL is quite slow. Apart from that, support is not available round-the-clock. So if a problem arises at night, we can get help the following day. But it's because of the time zone.
Vena in the perspective of a staff accountant
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PROS: From the perspective of a staff accountant, the best thing about Vena is its ease of installation and use. I have already used Excel so learning how to operate this program has become easier. Overall, I like the quality of the service and the responsiveness of their customer support team.
CONS: I don't find any cons of using the product yet.
Fastidious service; dependable support
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PROS: I like the platform’s workflow structure functionality as it allows our team to design various workflow patterns to suit varying needs of different company departments as well as the ability to model a wide array of data and map them in Excel. Our end users are most likely used to using MS Excel so this is convenient for them. I also like the quality of customer support. Their team are always willing to step in, guide users, provide advice and insight on best practices, give resources for documentation, and always give their best to resolve your concern.
CONS: We have to manually refresh our sandbox environment in order to get up-to-date data while testing new improvements for our production environment. It would be great if they offer an option to automate this process. We already expressed this request to them and hopefully, they’ll add it into the platform soon.
A powerful solution that got our business needs covered!
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PROS: Vena delivers a plethora of perks that end-users enjoy. UI and reports can be customized to suit the user’s requirements and needs. We can modify the templates and reports with so much ease. Changes made are instantly reflected across all other templates. Permissions management is available as well as other security measures, giving end-users peace of mind. Customer support is excellent and reliable. Last but not least, it integrates with MS Excel, making the product easier to use.
CONS: We are still figuring out how to maximize the value of the product. So far, the only minor issue we’ve encountered was the load time of complex reports and templates. They often take too long to load. But processing the simple ones are quite fast.
A must tool in the finance department
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PROS: I like the automated translation of currencies, seamless data consolidation, and the standardized budget templates. This platform has reduced the amount of money, time and effort spent on monthly maintenance.
CONS: The option to access Pivot Table via OLEDB connection takes forever to load. Not useful after all. Also, there’s no report writer.
Vena for revenue management.
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PROS: Our organization is able to make effective budgets based on the income and daily expenditure.
CONS: The platform works very effectively and I have not experienced any drawback from its performance.
Our company’s planning process has become more streamlined
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PROS: Our budget cycle has become a more manageable and smoother procedure. We don't have have to handle everything manually, which saved us more time to focus on analysis.
CONS: It is difficult to plug a number as a fast fix. But this is just because Vena is basically a database.
Exceptionally reliable and flexible tool for budgeting and financial reporting
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PROS: We are able to perform tasks like generate reports right insight the Microsoft Excel. Our end users have already been using Excel so using the solution has somewhat become a no brainer. They love it. Training our internal users to make and keep templates as well as reports using the software was pretty easy.
CONS: Administering workflows and writing complex reports are tricky and difficult but not impossible to learn.
A Flexible and Powerful Tool
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PROS: One of the best things about using this platform is that there’s no need to learn entirely new software. Vena works as an extension of Microsoft Excel, which is a widely used program and most of our staff know how to use it. In addition, the ability to create a single template to be used by many users to handle various projects is very helpful. It eliminates the need to create a new template for every upcoming project. On top of that, the service provider has a reliable customer support and service representative that’s always available to provide assistance whenever it is needed.
CONS: It would be nice if there’s a way to make the loading time of complex templates and other functionalities like design features a bit faster.
A pretty good solution for generating reports
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PROS: The ability to use MS Excel as an overlay to the cloud cube database is an incredible thing. We are able to enjoy the perks of using both.
CONS: There’s nothing to dislike; only exciting upgrades to look forward to. The dashboard is still in the first phase and there are still lots of room for improvement.
Brings efficiency and flexibility
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PROS: The platform is effective in terms of generating reports and creating templates. The excel-based interface made the solution easier to use. Our budget managers are able to forecast templates and set up personalizes budget easily (but you need to get a grasp of the mapping methodology first).
CONS: End-users need to be cautious when setting up templates so data integrity won’t be compromised. This can be challenging at first but if you get used to being careful, working on it would become easier. Apart from that, modifying variables and ensuring they reflect across the system sometimes is not as easy as you may think.
Simplifies budgeting and reporting
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PROS: Vena is a great tool for budgeting and reporting and has been very helpful to the business. It has a steady, snappy, and really amazing user interface that makes using the software easy. Its customer service is also great. They are always available and ready to help us address our concerns and needs.
CONS: There are lots of buttons to click when setting up the software but I don’t think it is a deal-breaker. The platform has helped us handle certain business processes more efficiently. Overall, I don’t see anything that could be considered as a con.
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A helpful tool for finance managers
Read full review >Overall impression
Customer Support
Value for Money
Ease of Use
Do more and save time by standardizing reports
Read full review >Overall impression
Customer Support
Value for Money
Ease of Use
A budgeting solution that lets you do more
Read full review >Overall impression
Customer Support
Value for Money
Ease of Use
Vena in the perspective of a staff accountant
Read full review >Overall impression
Customer Support
Value for Money
Ease of Use
Fastidious service; dependable support
Read full review >Overall impression
Customer Support
Value for Money
Ease of Use
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