Synoptix vs. Vena

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Synoptix
Score 7.5 out of 10
Mid-Size Companies (51-1,000 employees)
Synoptic provides ERP financial reporting tools and analysis. This solution is designed to deliver real-time data. The vendor’s value proposition is that their solution empowers users to create financial and operational reports with spreadsheet ease of use.N/A
Vena
Score 8.7 out of 10
Mid-Size Companies (51-1,000 employees)
Vena Solutions provides a financial process automation solution to automate Corporate Performance Management, accounting and budgeting, Regulatory & Compliance, and other finance-related processes. It is scaled for medium to large-sized organizations.N/A
Pricing
SynoptixVena
Editions & Modules
No answers on this topic
Professional
N/A
Complete
N/A
Offerings
Pricing Offerings
SynoptixVena
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeOptionalOptional
Additional DetailsThe Professional Plan is the most flexible way to get started quickly and can be added onto as a company grows. The plan includes: Vena Platform, Customer Success Manager, Standard Support and Customer Portal. Complete Plan includes everything in Professional, plus: Vena Insights, Premium Support, Sandbox Environment, and Expert Managed Services. For a limited time, new customers who use Microsoft Dynamics 365 Business Central (Online) as their primary ERP can get a free year of Vena and 40% off implementation costs. Vena also offers special pricing for not for profit organizations. To learn more, speak to an expert.
More Pricing Information
Community Pulse
SynoptixVena
Features
SynoptixVena
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Synoptix
6.0
Ratings
24% below category average
Vena
7.0
Ratings
9% below category average
Pixel Perfect reports5.80 Ratings6.30 Ratings
Customizable dashboards5.80 Ratings7.50 Ratings
Report Formatting Templates6.40 Ratings7.40 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Synoptix
7.4
Ratings
10% below category average
Vena
7.5
Ratings
8% below category average
Drill-down analysis7.30 Ratings8.30 Ratings
Formatting capabilities7.00 Ratings8.40 Ratings
Integration with R or other statistical packages7.00 Ratings5.10 Ratings
Report sharing and collaboration8.20 Ratings8.40 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Synoptix
7.7
Ratings
7% below category average
Vena
8.3
Ratings
1% above category average
Publish to Web7.60 Ratings7.70 Ratings
Publish to PDF8.40 Ratings9.10 Ratings
Report Versioning7.60 Ratings8.10 Ratings
Report Delivery Scheduling7.30 Ratings8.50 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Synoptix
6.9
Ratings
10% below category average
Vena
7.7
Ratings
1% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)7.30 Ratings8.00 Ratings
Location Analytics / Geographic Visualization6.80 Ratings7.40 Ratings
Predictive Analytics6.80 Ratings7.20 Ratings
Pattern Recognition and Data Mining6.80 Ratings8.10 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Synoptix
7.6
Ratings
14% below category average
Vena
8.3
Ratings
5% below category average
Multi-User Support (named login)7.30 Ratings9.20 Ratings
Role-Based Security Model8.00 Ratings7.90 Ratings
Multiple Access Permission Levels (Create, Read, Delete)7.70 Ratings8.20 Ratings
Report-Level Access Control7.30 Ratings8.50 Ratings
Single Sign-On (SSO)7.80 Ratings7.90 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Synoptix
6.7
Ratings
16% below category average
Vena
7.3
Ratings
7% below category average
Responsive Design for Web Access6.70 Ratings7.60 Ratings
Mobile Application6.80 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile6.70 Ratings6.90 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Synoptix
6.6
Ratings
22% below category average
Vena
8.1
Ratings
2% below category average
Long-term financial planning6.00 Ratings8.10 Ratings
Financial budgeting6.50 Ratings8.30 Ratings
Forecasting6.60 Ratings7.20 Ratings
Scenario modeling5.90 Ratings7.60 Ratings
Management reporting7.80 Ratings9.20 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Synoptix
7.6
Ratings
5% below category average
Vena
7.5
Ratings
6% below category average
Financial data consolidation8.20 Ratings9.10 Ratings
Journal entries and reports7.00 Ratings7.30 Ratings
Multi-currency management7.10 Ratings6.00 Ratings
Intercompany Eliminations6.80 Ratings7.80 Ratings
Minority Ownership9.10 Ratings6.40 Ratings
Local and consolidated reporting7.50 Ratings7.90 Ratings
Detailed Audit Trails7.40 Ratings8.20 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Synoptix
7.2
Ratings
12% below category average
Vena
8.0
Ratings
1% below category average
Financial Statement Reporting7.10 Ratings8.40 Ratings
Management Reporting7.70 Ratings8.40 Ratings
Excel-based Reporting8.00 Ratings9.20 Ratings
Automated board and financial reporting7.30 Ratings7.50 Ratings
XBRL support for regulatory filing5.80 Ratings6.30 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Synoptix
6.5
Ratings
21% below category average
Vena
7.4
Ratings
8% below category average
Personalized dashboards6.40 Ratings8.40 Ratings
Color-coded scorecards5.90 Ratings8.70 Ratings
KPIs6.70 Ratings6.00 Ratings
Cost and profitability analysis6.70 Ratings7.60 Ratings
Key Performance Indicator setting6.70 Ratings7.00 Ratings
Benchmarking with external data6.70 Ratings6.60 Ratings
Integration
Comparison of Integration features of Product A and Product B
Synoptix
7.4
Ratings
12% below category average
Vena
8.8
Ratings
5% above category average
Flat file integration7.30 Ratings8.40 Ratings
Excel data integration8.00 Ratings9.20 Ratings
Direct links to 3rd-party data sources6.90 Ratings8.80 Ratings
User Ratings
SynoptixVena
Likelihood to Recommend
7.5
(0 ratings)
8.3
(0 ratings)
Likelihood to Renew
9.1
(0 ratings)
8.4
(0 ratings)
Usability
7.1
(0 ratings)
8.4
(0 ratings)
Availability
-
(0 ratings)
7.3
(0 ratings)
Performance
-
(0 ratings)
8.2
(0 ratings)
Support Rating
9.1
(0 ratings)
8.6
(0 ratings)
In-Person Training
-
(0 ratings)
9.1
(0 ratings)
Online Training
-
(0 ratings)
7.7
(0 ratings)
Implementation Rating
9.1
(0 ratings)
8.5
(0 ratings)
Configurability
-
(0 ratings)
7.3
(0 ratings)
Ease of integration
-
(0 ratings)
9.1
(0 ratings)
Product Scalability
-
(0 ratings)
9.0
(0 ratings)
Vendor post-sale
-
(0 ratings)
9.0
(0 ratings)
Vendor pre-sale
-
(0 ratings)
8.2
(0 ratings)
User Testimonials
SynoptixVena
Likelihood to Recommend
Synoptix has been great for us to allow end users access to the data and information they need to make informed decisions without letting them have full access to all ERP functions. It has also been very easy to create custom reports that meet our needs. It is also nimble enough to create quick reports that are needed with a small turnaround
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Whether you have processes you are looking to make more efficient or starting from scratch, Vena is a great tool to handle both. When we started with Vena all of reporting was either very manual or frankly nonexistent. Vena was pivotal in bringing us from zero to 10 in a short time. it helped us streamline the process of gathering data to the end reporting
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Pros
  • Easy report building interface with an query interface that allows financial users the ability to conduct complex queries without difficulty.
  • The ability to create reporting that allows us to review in-depth financial review by drilling down into accounts to find transnational data easily.
  • Easily maintained and monitored with simple upgrade installations and end point installation.
  • Great knowledge base for review and trouble-shooting.
  • Highly knowledgeable and easy to work with staff.
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  • What i like best about Vena is that it is very seamless Excel integration.
  • Vena fosters collabs across teams, helping multiple members to work together on financial planning in real-time enhancing overall efficiency.
  • We now also can automate manual processes like budgeting, consolidation of data and reporting saves my valuable time and also reducing the risk of errors.
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Cons
  • The web portal could be improved both in its presentation and organization of data and speed of delivery.
  • It would be ideal to run and publish reports for multi-departmental users in one report. In other words, have a single report with multiple tabs representing each department and not have multiple reports (one for each department).
  • When new production filters (under financial setup) are added these should automatically appear in order.
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  • It could improve the ease of implementation; it could take a long for an inexperienced IT team.
  • From the ERP system perspective, it can be linked easily, but it has room for improvement when you make core changes and require a Vena specialist again.
  • Some administrators can get confused while working on Excel implementation; it has complicated technical requirements.
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Likelihood to Renew
Great product and great support.
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It saves me so much time - to go back I would have to hire multiple people to achieve the same results. It is a cost effective tool for our uses and continues to pay for itself in time savings.
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Usability
It didn't take long to learn how it works and has always been easy to navigate and accomplish all that we have needed. Whenever there have been any issues Synopotix has been great to address them in a timely manner and have always been able to resolve the issues we have had
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This is split between usability from an end-user perspective and administrative. Administrative - The tool is lacking in a cohesive way to administer the tool, both from more of a back-end perspective (ETL/Integrations, scripting, etc.) as well as from a business administrative (Processes, Models, etc.). On the more back-end IT related aspects, the tool is a mishmash of modules that were clearly developed in stovepipe fashion. Basic feature/functionality aspects such as version control, auto vs manual save, etc. differ between the code preparation components. It is also lacking in any sort of coherent version control. Not all pages display the context information, so extreme caution must be used. There is also no coherent migration strategy. The process and model navigation has been somewhat challenging for our business administrators, often requiring assistance from Vena when creating or altering templates. 2 of 10 End User - This is better. The Excel add-in generally functions well. Creating basic templates is straightforward, and there is a large degree of flexibility when creating reporting templates. Being part of Excel puts many users into a comfort zone. The toggle switch between template and data mode is not well conceived, and the add-in pop-ups occasionally have issues on multi-monitor displays. 6 of 10
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Reliability and Availability
No answers on this topic
Vena has been available and running. There are notifications well ahead of scheduled maintenance and so far, scheduled maintenance has been occurring during off hours and fortunately has not occurred during a time that is crucial for us to be actively using.
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Performance
No answers on this topic
Vena Solutions pages load quickly and only a few times does it get a bit slow, only when there are many integrations and the reports are long. But in general it is always fast and honestly I am very satisfied with the speed in the generation of statistical reports and the pages
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Support Rating
Support does not know much about software solutions. As an example, I have struggled for weeks just to set up LDAP that should be fairly simple.
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From initiate setup to going live, Vena's customer representatives and technicians have proven to be responsive and enthusiastic in getting our company up and running. They have been patient with our questions and frustrations and worked to troubleshoot issues that have come up.
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In-Person Training
No answers on this topic
Our initial in person training was a little rough b/c I felt like our trainer wanted to focus on maximizing Vena rather than understanding what we were needing for our organization. He was very responsive and added insights, but could have worked to understand our needs a little better.
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Online Training
No answers on this topic
The training was structured as a group training to learn the basics of creating a data model and mapping a template. While we had nearly 10 participants, I was the only actual implementer so we probably didn't actually need the training and could have just learned the initial skills from the implementation consultant. Two years later, when we hired a new team member, they completed several modules in Vena Academy (a self paced learning course) which allowed them to get up to speed on the basics with just a bit of supplemental guidance from me as our existing admin.
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Implementation Rating
Good guidance of what steps will halppen.
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The Vena consultant had great knowledge of both the Vena solution and Excel and Excel functions. He was able to help suggest ways to build our templates that met our requirements using Excel functions we had not previously considered using. And we have been able to use the Excel information he provided in other ways outside of Vena. He was very patient and flexible as we learned the Vena tool and created templates
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Alternatives Considered
Synoptix is more oriented to users as their own developers. You do not need to understand any sort of coding or languages. If you are working in financials you just need to know your trial balance. The menus and programing are so user friendly the programming is "kinda obvious"
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Vena Solutions stands out due to its familiar Excel-based interface, making it easy for our team to adopt without extensive training. Compared to alternatives like Anaplan and Oracle Hyperion, Vena's strong customer support and efficient automation have significantly reduced our budgeting cycle time. We chose Vena for its seamless integration with our existing systems and substantial time-saving benefits, ultimately enhancing our decision-making process.
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Scalability
No answers on this topic
Vena solutios is a software that provides robust tools that help different departments in their statistics and we can visualize a lot of promising and visually attractive data. Vena Solutions' level of scalability is high and sustainable over time thanks to the fabulous technical support that is ready to help us at all times
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Return on Investment
  • The cost of Synoptix is fairly minimal compared to what it's used for. I would say that strictly from a cost perspective it is a very good value.
  • It does save a decent amount of time when pulling financial data, so there are some labor cost savings there.
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  • Eliminated the necessity to manually combine multiple Excel budget worksheets into one file in order to compile an org-wide budget
  • Allows end-users to be self-sufficient by having the ability to drill into transaction-level detail and conduct ad-hoc analyses
  • Created more bandwidth in the FP&A team to spend more time on more meaningful analysis
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ScreenShots

Vena Screenshots

Screenshot of Operation Expenses - Predictive AnalysisScreenshot of Allocations DashboardScreenshot of Vena Add InScreenshot of Power BI DashboardScreenshot of Operational Expenses - Drill through analysisScreenshot of Process Status Dashboard