Vena Review

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Last updated: Jan 07, 2019

Vena Review

ITQlick rating
(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 rating of Vena is 4.5 stars. The rating is based on ITQlick experts review

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






Vena Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
Compare
Vena
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
89/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
Functionality score
21
Fit small business
Fit medium business
Fit large business
Software review
Adaptive
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
93/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6/10
License pricing license pricing (if provided by the software vendor)
$800 Per year/user
Hosting
On premise and Cloud
Functionality score
28
Fit small business
Fit medium business
Fit large business
Software review
Oracle
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
91/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4.2/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise
Functionality score
14
Fit small business
Fit medium business
Fit large business
Software review
BOARD
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
90/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
Functionality score
71
Fit small business
Fit medium business
Fit large business
Software review
CHEMCAD
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
89/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
NA
Functionality score
4
Fit small business
Fit medium business
Fit large business
Software review