Vena Review

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Last updated: Jan 07, 2019

Vena Review

11 reviews
(4.5/5)

Medium business, Large business

Vena Solutions is a Corporate Performance Management (CPM) software that helps corporate companies manage, organize, and support spreadsheet and spreadsheet based processes for consolidation, management, and re

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What is Vena? Updated: Jan 07, 2019

Vena Solutions is a Corporate Performance Management (CPM) software that helps corporate companies manage, organize, and support spreadsheet and spreadsheet based processes for consolidation, management, and reporting. The software can be used for financial budgeting, planning, and accounting processes and can speed up reporting and organizing spreadsheet data. Vena Solutions is an innovative developer of SaaS-based (Software as a Service) corporate software. Vena Solutions has been recently recognized as one of the best solutions software in the business. The company has won many accolades including 2013’s Best New Vendor in the BPM Partners Pulse of Performance Management Survey and Market Analysis. Vena Solutions has a team of 20 employees and is based in Toronto, Ontario. The company was founded in 2011.

Vena Average Rating -

The average rating of Vena is 4.5 stars. The rating is based on 11 aggregated online reviews.

Vena Typical Customers

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. This software is also ideal for companies that have a lot of networking, reporting, and data collection, specifically with spreadsheets and like programs. This includes industries in communication, retail, technology, accommodation, finance, healthcare, manufacturing, marketing and industries in the private sector. The company has close to 40 clients from all over the world including international corporate companies such as Tupperware, BNP Paribas, and AES.

Vena Features

Vena is an innovative CPM software that helps companies that deal with a lot of spreadsheets. But the software does more than just organize these spreadsheets, Vena allows companies to leverage their investments, enhance and improve spreadsheet control, automate several business cycles, develop and increase collaboration, and advance reporting and coverage. This saves a company valuable time and resources and streamlines the processes and procedures run by the company. One of the benefits of Vena is in its cost-efficiency. It improves and speeds up almost all processes and procedures when it comes to financial and technical spreadsheets. Another benefit is its flexibility. Not only does it allow for greater efficiency, but it also gives a lot of control over the data and how it is processed, and improves how that data is managed when collected or consolidated. The flexibility of the software allows clients to find new ways to develop and improve their processes.

Vena 5 Pros

  • Vena offers 24/7 technical and customer support
  • Vena features social networking links on their site
  • Vena offers a free demo for users
  • Vena offers free webinars and product resources
  • Vena has comprehensive OS support

Vena 2 Cons

  • Vena does not offer money back guarantee
  • Vena has limited language pack support outside of English

Vena Alternatives

The major competitors for Vena Solutions are Adaptive Suite and Tagetik.

Adaptive Suite provides a cloud based solution that addresses corporate performance management requirements. Its features include planning & forecasting, budgeting, as well as a collaboration platform to share information for joint analysis and decision making. The product also handles financial consolidation to track revenue performance & costing, along with business analytic tools that provide dashboards and scorecards for trend analysis, KPI measurement as well as financial reporting.

Vena Solutions on the other hand provides a similar application that is focused on financials, business management and operations. The product relies on Microsoft Excel for its analysis requirements and includes both workflows and auditing to ensure accurate information is available in real-time with the appropriate approvals in place. The product is cloud based and supports mobility solutions, along with multi-dimensional planning & forecasting tools.

Tagetik however also provides a collaboration platform and supports governance standards and risk compliance as well. Unlike Vena Solutions it focuses on production planning & performance which is applicable for the manufacturing sector, but it does include a number of the same performance management tools. While it supports mobility solutions, the product is also available on premise and in the cloud.

Vena Solutions does not address these features but it does support sales & demand planning, resource optimization as well as business process management. Additionally it integrates project planning as part of its performance management tools to handle complex project requirements.

Vena Pricing Information

Vena price details are available at the vendor site.

Vena demo

25 questions to ask the vendor on Vena demo


Vena Categories

Budgeting & Forecasting
Accounting & Finance
Financial reporting
Financial consolidation
Business performance management
Dashboards & KPIs
OLAP
Performance Management
Predictive analytics
Marketing Analytics
Project Budgeting
Strategic Sourcing

Specifications

Company:
Address: USA
Website:Vena
Customers: Medium business, Large business
Business Area: Cross Business Areas
Platforms: Desktop, Mobile, Cloud
Operating Systems: Mac OS, Windows, Linux


Vena Features

Version Control
Audit Trail
Budgeting & Forecasting
Financial reporting
OLAP
Project Budgeting
Dashboarding
Business performance management
Forecasting


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Vena 8 Alternatives