Vena
4.4
345

Not Claimed

Vena is a SaaS platform that offers a Complete Planning solution for business leaders and finance professionals. It uses an Excel interface within the Vena Growth Engine to guide users on their journey to growth. Vena is used by over 1,300 leading companies and works with over 100 partners. It falls under categories such as Corporate Performance Management, Budgeting and Forecasting, Financial Close, and Sales Performance Management Software on G2.
Developer
Vena Solutions
Category
ERP
Suitable for enterprise
SMEs、Enterprises
HQ Location
Toronto
Year Founded
2011
Number of Employees
704
Strengths
  • Flexibility

    Adaptable to different business needs

  • Ease of use

    Intuitive interface for easy navigation

  • Collaboration

    Allows for easy collaboration among team members

Weaknesses
  • Pricing

    Can be expensive for small businesses

  • Integration

    Limited integration with other software

  • Customization

    Limited customization options

Opportunities
  • Opportunity to expand into new markets
  • Opportunity to form partnerships with other software providers
  • Opportunity to add new features and functionality
Threats
  • Competition from other established software providers
  • Potential impact of economic downturn on sales
  • Potential security breaches and data loss

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What are the pros and cons of the current application?
How are users evaluating the current application?
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Review Distribution

  • 👍
    High - rated users

    Vena is reliable for financial planning, budgeting, and forecasting. It's simple to prepare custom financial reports and is reliable with bank account reconciliation.There were no complaints mentioned in this segment.

  • 🤔
    Average - rated users

    When configured correctly, Vena is an extremely powerful tool for projecting and tracking budgets and forecasts throughout the year and into the future. It has allowed users to calculate bonuses which was previously done offline due to complexity.Maintenance of the system can be difficult, especially if you were not part of the design and build. You may sometimes find yourself going down the rabbit hole trying to diagnose problems.

  • 👎
    Low - rated users

    There were no positive comments mentioned in this segment.Vena lacks a web interface that shows financials, and all financials must be displayed through reports built through Excel. Loading headcount takes up to an hour to load since it needs to be customized. Mapping a report takes too long and takes up too much space. It's hard to audit a complicated report, and reports and input sheets can exist on the same report sheet, which can be confusing. The software learning curve peaks too early, and writing intricate code to help automate financial planning is not practical. Building a three-statement model is a disaster.

Media

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Vena Plan

Vena offers a subscription-based pricing model with three versions, ranging from $75 to $150 per user per month, with varying features.
Professional Plan $ Contact Us
Professional Plan is the most flexible way to get started quickly and add as you grow. The plan includes: Growth Platform, Customer Success Manager, Standard Support, and Customer Portal. Full Microsoft Excel Integration Central Database Integrations Platform APIs Workflow and Collaboration Security and Permissions Modeling Reporting and Analytics Customer Portal Dedicated Customer Success Manager Standard Support
Complete Plan $ Contact Us
Complete plan contains everything in Professional, plus: Microsoft Power BI Embedded, Premium Support, Sandbox Environment, Expert Managed Services and more. Full Microsoft Excel Integration Central Database Integrations Platform APIs Workflow and Collaboration Security and Permissions Modeling Reporting and Analytics Vena with Power BI Embedded Sandbox Environment Vena Expert Managed Services Customer Portal Dedicated Customer Success Manager Premium Support
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