Shlomi Lavi /
Jan 26, 2023
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Bottom Line: Which is Better - XLReporting or Vena?
Vena is more expensive to implement (TCO) than XLReporting, and Vena is rated higher (87/100) than XLReporting (80/100). Vena offers users more features (9) than XLReporting (5).
Looking for the right Budgeting & CPM solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
XLReporting Vs. Vena Solution
XLReporting: We are a small team of finance and IT experts, specialized in financial reporting and planning processes.
Lots of companies depend on complex and fragile Excel solutions for their reporting, consolidation, and budgeting. We help our clients to move away from that by providing them with powerful, flexible, and robust solutions.
We developed XLRep...
Vena Solution: Vena Solutions delivers the most flexible performance management solution available for budgeting, forecasting, planning, reporting, analytics, and other mission-critical finance and accounting processes to large and mid-market companies around the world. Vena’s unified web-based software platform embraces all the power and flexibility of Microsoft...
Who is more expensive? XLReporting or Vena?
The real total cost of ownership (TCO) of Budgeting & CPM software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for XLReporting and Vena.
XLReporting price starts at $240 per month , On a scale between 1 to 10 XLReporting is rated 2, which is much lower than the average cost of Budgeting & CPM software. Vena accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 XLReporting is rated 2, which is much lower than the average cost of Budgeting & CPM software.
Bottom line: Vena is more expensive than XLReporting.
Which software includes more/better features?
We've compared XLReporting Vs. Vena based on some of the most important and required Budgeting & CPM features.
XLReporting: Version Control, Budgeting & Forecasting, Financial reporting, Capital Asset Planning, Forecasting.
Vena: Version Control, Audit Trail, Budgeting & Forecasting, Financial reporting, OLAP.
Target customer size
The typical clients utilizing XLReporting are those belonging to the small (with 10 – 100 employees) to medium-sized (with 100 to 1,000 employees) enterprises that make use of the services offered by the IT sector, data hosting and other related information services, particularly in the field of visual analytics and business intelligence. Vena is best for medium to large corporate companies that deal with a lot of spreadsheets and spreadsheet like reports from other companies and/or subsidiaries.