Vena Review - why 4.3 stars?

Shlomi Lavi / updated: Jul 06, 2022

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What is Vena?

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 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.

Who is it best for?

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.

Main features and functionalities

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.

What is the actual cost?

ITQlick pricing score is 6.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for Vena. You can also find here pricing information from Vena's website.

Pros

• Vena Complete Planning is based on Microsoft Excel, allowing users to retain their spreadsheets while offering powerful capabilities
• The platform is generally easy to learn and use
• Vena Complete Planning streamlines corporate performance management with its powerful features, including cash flow management and tax provisioning
• Vena offers free webinars and product resources
• Vena has comprehensive OS support

Cons

• Individual templates take some time to set up on Vena
• The software does not have drag-and-drop tools like some of its top alternatives
• Vena does not support mobile applications
• Vena does not have a forum for user interaction
• The user interface can be confusing for new users

How it stacks up?

Access a head to head analysis of Vena vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Vena right for you or your business?

Vena Complete Planning is a budgeting and corporate performance management solution that combines the key features of Microsoft Excel with financial planning and analysis tools. The software is cloud-based and scalable, fit for midsize and enterprise organizations.

Vena serves clients across several industries, including professional sports, SaaS, real estate, insurance, manufacturing, nonprofits, healthcare, etc. Some notable clients that have used Vena Complete Planning include Cumming Corporation, Lookout, and Sprout Social.