Excel based Performance Management Tool
Value for Money
Our Financial Planning and Analysis team picked Vena from many other tools. The reason for zeroing on this tool, is, it is an excel based tool. We have been doing all this work in excel since years.
We have standardized the process and have fixed excel templates. However excel has certain limitations like version control, access control, audit trail etc.
With Vena we overcame the limitations of excel while retaining the power, flexibility and ease of use of excel. We have many desperate IT systems some by choice and some by compulsion due to various acquisitions. We import the data from all these systems into vena database. Data is automatically consolidated and aggregated per our requirements for use in advanced management reports as well as ad hoc reports in vena. Vena offers workflow and approval management by project, department etc. Further one can drill up, drill down, slice and dice the data using vena. Variance analysis is a piece of cake in this tool. Vena customer service is good too.
There is a learning curve like any other tool. There is no drag and drop from a selection of columns, fields etc. However once you learn the tool, reporting becomes easier.