Vena reviews

Pocket friendly and simple User Interface.

Opmerkingen: Mostly on business management it's automatic and accurate. Then a little bit in financial Services when it comes to small accounting problems.

Pluspunten:

Business processes management on my case has been made fast and easy to track.Every department works on accounts basis and with vena it's easy to lay out all financial requirements in department and balance budget and financial consumption.

Minpunten:

Nothing to be precise I have used it for specific time and it's been helpful.

Vena is the Effective and Reliable Auditing and Accounting Easy Tools.

Opmerkingen: Suitable to create accurate and professional real time data analytics and the access control features are quite profitable.

Pluspunten:

I really like how Vena reports on various project financial data and the tools for workflow management and easy to manage multiple transactions data securely. The easy insights obtaining and sharing financial reports across teams is amazing.

Minpunten:

Highly effective cost management and resource management tool and no error at all from Vena functions and capabilities.

Coming full circle - back to excel?

Opmerkingen: I have used a handful of popular systems in my 10-year career. When I first heard of Excel focused planning tools I was at first excited. How can a system that solves for the very tool that all of finance uses go wrong? In the beginning, FPA wanted to get out of Excel and have one version of the truth. Then the industry pivoted back to Excel with a bunch of intermixed features between Excel and cloud solutions workflow. With that, issues arise such as..If everything is Excel based, is it just easier to use Excel? Sadly Vena, and many others like them, fall short with the basic product offering equation. What problem are you actually solving for? The balance between a native Excel feeling and the Vena software controlling it feels under-developed. And how can it not be? If you solve for Excel then you stray from the Vena platform, if you focus on Vena platform you move away from Excel. The result is a mediocre product at best. Here is a basic example. In Excel you can group columns, easy. In Vena, you can write simple code on the report to hide a column. In the same report you can use one or the other, or both, the results are reports with frustrating formatting quirks. Though there are some pluses to Vena, I would think twice about committing to it as it is not a robust planning tool. The main question you, the user, should ask is the following.” Do I buy into the future where Excel (a system owner my Microsoft) really the future of financial planning software?

Pluspunten:

Honestly, if you have used other planning software, I can not really say there is much.

Minpunten:

• No web interface that shows your financials. All financials must be displayed through reports that you build through Excel. Yes, you can pull intersection data and get a dump, but that is cumbersome. • Loading headcount takes up to an hour to load since it needs to be customized. • Mapping a report takes too long. You must map not just columns and rows, but the “page”, or global like dimensions. Vena should be smart enough to know this without the user, it is not. • Mapping a report takes way too much space. You can not nest a query within a cell. • Hard running a report with two global assumptions. You have to create another intersection mapping. • Hard to audit a complicated report, hence you are incentivized not to, therefore what is the point? • Reports and input sheets can exist on the same report sheet. Though useful at times, it is easy to override data and can get confusing. Though you sometimes have to do it for modeling purposes. • The software learning curve peaks too early. I understand having a simple software, but not at the expense of functionality. • Writing intricate code to help automate financial planning is not practical. There is only a primitive editor, and no result box that guides you. Our consultants told us do not even try because they seldom touch it. Specifically, it is extremely hard to validate what is occurring. • Building a three-statement model is a disaster. Imagine building a balance sheet, but not being able to pull a number from the

The Vena Project Cost Estimate and Budgeting Functions are Nice.

Opmerkingen: Vena calculations are accurate and the financial data report building is excellent and the permission management capability is impressive and i also like the compliance easy management functions.

Pluspunten:

This platform is a true financial data management software and its Accountability is productive. Resource planning and the Construction projects expense management and the Equipment management and also payroll management capability is helpful on business production.

Minpunten:

The Vena features are very simple to set and even to non technical users is easy to start Vena manipulation through basic experience.

Great Accounting and Effective Reconciliation Platform.

Opmerkingen: Easy tracing different transactions and the Asset allocation and cost estimation functionality on Vena is productive and the financial integration is perfect.

Pluspunten:

Vena financial data analytics creation and financial insights collection across other Accounting products is easy and the Construction project expense tracking and payment management Vena is amazing.

Minpunten:

Vena is simple to custom all the features to improve performance and I have zero error that I can recall from Vena.

Excellent Financial Reporting Product with Easy Options.

Opmerkingen: The payroll management and transaction tracking using Vena is excellent. The data analytics and budgeting is effective and i also like data integration capability.

Pluspunten:

Vena Accounting capabilities are effective and i also love the invoicing tools and on different Construction projects workflow management.The data management, tracking of various project expense through Vena is productive and the access control is perfect.

Minpunten:

Vena has absolutely nothing to dislike or even the performance issues found. Easy and productive services generation.

Vena is an Effective and Powerful Access Control System.

Opmerkingen: Flexible expense management and very cost effective compliance management platform with a very friendly interface.

Pluspunten:

Easy to manage Accounts and the Construction project workflow management through Vena is amazing and the ability to integrate financial data and multiple project document management is quite excellent and effective.

Minpunten:

Highly functional platform for financial data handling and it's very easy to custom all the functionalities and quality of services is good.

Best tools for Sales Performance and Management Platfrom

Opmerkingen: Solid analytics, reporting features, and Advanced analytics capabilities, such as predictive analytics or advanced data visualizations, are benefits to gaining deeper insights into sales performance.

Pluspunten:

Comprehensive Sales Performance Management (SPM) solution designed to help organizations streamline and optimize. Future allows for the equitable distribution of targets and territories, ensuring sales teams have clear objectives and aligned incentives.

Minpunten:

I don't have any corn. SPM set of features and capabilities to streamline sales processes and optimize sales performance. Overall flexibility, user-friendly interface, and focus on data accuracy and security make it a valuable choice. And I recommended it.

Helpful and Functional Reports Creation Platform with Flexible Features.

Opmerkingen: Great financial data integration solution and tracing multiple project transactions and employees easy payment management system.

Pluspunten:

Vena offers the most responsive financial data management functions and creating professional financial data analytics and the Account Payable functions are incredible.

Minpunten:

Quite simple platform on deployment and adjusting of its various financial data handling features was easy and nothing to dislike.

Vena - returning customer

Pluspunten:

- Flexibility of the tool to build your own universe of workflows and reports- Excel-based- Sense of community created by the Vena marketing team

Minpunten:

- Rocky integration with our accounting system (needed external help)

A game-changing,professional and superb Financial Planning and Budgeting Tool.

Opmerkingen: I handles complex excel calculations.

Pluspunten:

It is simple to track and manage cash flows with Vena.It is easy to create custom financial reports with Vena thus possible to have full visibility of our business performance.It is best suited for financial planning and analysis.It is possible to generate accurate financial budgets and forecasts with Vena.

Minpunten:

To generate and customize financial reports can be time-consuming.

Masterful and powerful Financial Planning,Budgeting and Forecasting Solution.

Pluspunten:

It automates complex business processes like financial budgeting and forecasting thus saving time.It helps to automate and eliminate tedious tasks.It is simple to carry out accounting and bookkeeping activities with Vena.It is simple to prepare financial statements with Vena.It is simple plan and manage cash flows with Vena.

Minpunten:

Vena is an expensive financial planning and budgeting solution and I do suggest that it's pricing tiers should be lowered to attract more business prospects.

Efficient and Insightful

Opmerkingen: Vena streamlines financial analysis, but implementation costs may be a concern for budget-conscious organizations

Pluspunten:

Vena provide a huge selection of features for data consolidation, financial modelling and budgeting, it offers a complete set of tools to support various analysis tasks

Minpunten:

Vena offers integration capabilities, but there might be restrictions on the systems and applications it can support.

Optimize the financial process with Vena

Opmerkingen: I highly recommend Vena for anyone who wants to reduce the efforts of sales and finance team. Vena is a clear winner for finance automation process.

Pluspunten:

The best about Vena is it make every sales person as a collection agent of their own sales with less documentation and tracking efforts. The color-coded reports indicate the loan disbursement status of our cases. We can easily export our sales report and performance record to the Google sheets for appraisal meetings and review meetings. We can track our incentives for each of our contribution.

Minpunten:

Vena have many features of no use to my current role like Budgeting, Forecasting, etc. Download our reports in pdf is not straightforward.

Spectacular accounting application.

Opmerkingen: The experience is great on general accounting procedures. It's accurate and more productive

Pluspunten:

Accuracy in balancing sheet and controlling both profit and loss.Data import from any reliable source given.Solution to multi currency trading and exchange .Great in prediction and budgeting.

Minpunten:

I have not encountered any the tool has simply performed as required.

Very professional financial forecasting and hypothesis.

Opmerkingen: Had a brilliant experience with Vena, I would recommend it to other businesses too.

Pluspunten:

I am thoroughly impressed with Vena as it offers what-if analysis capabilities, allowing us to simulate different scenarios and assess the potential impact on financial outcomes. This functionality helps our business evaluate the effects of changes in variables such as pricing, expenses and market conditions.

Minpunten:

Constant upgrades are a bit annoying although its necessary for performance.

Great Product at a reasonable price

Opmerkingen: Beyond the finance and accounting departments, other teams, such as operations and sales, also benefit from Vena Solutions. They leverage the platform to access financial data, track performance against budgets, and align their activities with the overall financial goals of the organization. This cross-departmental usage fosters collaboration, transparency, and accountability throughout the organization.

Pluspunten:

Vena Solutions is being utilized across our entire organization, spanning multiple departments. Its primary application is within our finance and accounting departments, where it serves as a comprehensive financial planning and analysis (FP&A) software. Vena Solutions enables our teams to streamline various financial processes, including budgeting, forecasting, financial reporting, and consolidation. Within the finance department, Vena Solutions is employed to centralize and automate the budgeting and forecasting procedures. It offers a collaborative platform that allows different stakeholders to contribute their inputs and assumptions, which are then consolidated into a comprehensive financial plan. This streamlines the budgeting process, reduces manual errors, and enhances the accuracy of our financial projections.

Minpunten:

Hard to teach others how to use this product

Absolutely brilliant business oriented accounting software

Opmerkingen: Got to try it once, I truly recommend this to all CPA's and accounting firms

Pluspunten:

I respect the accuracy and speed with which Vena records transactions / accounting entries and generates spectacular financial report and balance sheet, is simply amazing.

Minpunten:

Some ledger accounts take a lot of time to pass on entries to final accounts

Exceptional and stunning Budgeting Tool.

Pluspunten:

It's a reliable tool for financial planning and analysis that performs excellently.It is simple to plan,track and manage cash flows with Vena.It is simple to prepare financial reports using this tool.It is convenient tool when used for financial budgeting and forecasting.

Minpunten:

My experience with Vena has been outstanding and satisfactory thus I lack any drawback to highlight.

Vena

Opmerkingen: Overall, it's a good planning software as it provides a wide array of planning features including budgeting, variance analysis, and financial reporting.

Pluspunten:

Vena has a user-friendly interface which makes it easy even for non-technical users to navigate and utilize its features. It enables team collaboration and allows multiple users to work on a planning process simultaneously.

Minpunten:

Vena's pricing structure might be a potential drawback for small businesses.

Exceptionally beneficial accounting management tool

Pluspunten:

The benefits that I like the most about Vena is that it automatically tally taxes, compiles tax figures, and assures proper tax is filed, hence it makes tax compliance simpler. It also now easier for me to stay up-to-date on tax laws and decreases the likelihood of mistakes leading to consequences.

Minpunten:

The finance reports need to be more elaborative to gain further insights.

Cash flow and sales planing

Opmerkingen: Easy to use and saving our time and working hour after few days of use.

Pluspunten:

Efficienct cash flow planning, I like the most about vena. This software is quite simple to use and making reports on finencial planing and budgeting.

Minpunten:

it takes some time for beginners but after it is comfortable

Recommendation from an early Vena adopter

Opmerkingen: We deployed Vena in 2020 as an ERP extension to our legacy system. Vena empowered sales metrics on the front end, financial project management in the middle, and financial reporting at the job level on the back end. We deployed a second "cube" data warehouse after the initial launch for financial reporting. Each deployment has worked as prescribed and brought extraordinary value to our construction company.

Pluspunten:

Vena has delivered huge value for us in a flexible package that can grow with our business effectively and efficiently. Vena let us keep our existing financial system and our customer Excel quoting apps. And built a reporting system on the back of Excel which everyone already knows. The road to value was fairly straightforward for us.

Minpunten:

Vena is a toolbox of powerful opportunities. It is not an out-of-the-box accounting system. So you have to know exactly what you want out of Vena before deploying it. But this is true of any data warehouse. Knowing how data is to be extracted and presented requires upfront commitment and execution. Time spent in the planning phase will pay off 10X in the execution phase.

Strong financial reporting structure

Opmerkingen: Consolidated Financial Statements, departmental/locational financial statements, and Budgeting/Forecasting

Pluspunten:

Vena has great ways to connect and link your business' data, allowing you to logically build out reports and views of whatever statements your business will require.

Minpunten:

Sometimes the structure of Excel can create challenges or delays because it is possible to overload the abilities of the Excel but the comfort of a system everyone is already familiar with outweighs the challenges.

Incredibly smart accounting portal

Opmerkingen: Number one accounting portal, without a doubt join the revolution!

Pluspunten:

I adore how simple this portal is to use! When I first began with Vena, I had never used an online accounting portal before, and have thoroughly enjoyed it since. My buddies also strongly suggested it.

Minpunten:

It logs me out automatically sometimes which is a bit frustrating