As businesses continue to grow and evolve, the need for reliable and efficient financial management solutions becomes increasingly important. For companies using the Sage Intacct ERP system, finding the right Corporate Performance Management (CPM) solution can be a daunting task. Two popular options in the market are Solver and Vena, both of which offer unique features and capabilities to help manage financial data and improve decision-making.
Solver is a cloud-based CPM solution that offers a range of features, including budgeting, forecasting, financial reporting, and data visualization. The platform is designed to integrate seamlessly with Sage Intacct, allowing users to easily transfer data between the two systems. Solver also offers a user-friendly interface and robust security features to ensure the safety and confidentiality of financial data.
On the other hand, Vena is a cloud-based CPM solution that focuses on budgeting, forecasting, and financial reporting. The platform is designed to automate and streamline the budgeting and forecasting process, making it easier for businesses to manage their financial data. Vena also offers a range of data visualization tools to help users gain insights and make better decisions.
Here are the top 5 differences between Solver and Vena:
- Solver offers a wider range of reporting and planning features with more than 100 pre-built dashboards, reports and budget templates, including its deep Power BI integration that drives readily usable data visualization. Vena focuses on building budgeting and reporting templates in Excel.
- Solver has a more user-friendly web-based interface where Excel is mostly used for report design and the cloud portal is the popular way of sharing reports and entering budgets, while Vena is heavily Excel driven.
- Solver offers robust security features for every single business dimension a customer transfers from Sage Intacct as well as third party data sources.
- Solver integrates seamlessly with Sage Intacct through a user-friendly “QuickStart” wizard with pre-mapped fields, while Vena is designed to be used in conjunction with a large number of other financial systems.
- Solver is a preferred Sage Intacct ISV solution that collaborates deeply with both Sage Intacct teams, their partner channel and their top ISVs, while Vena typically focuses more on a direct business model.
In conclusion, both Solver and Vena are powerful CPM solutions that offer unique features and capabilities to help businesses manage their financial data. While Solver is a more comprehensive solution that offers a wide range of features with deep flexibility from both a web portal, data warehouse and financial template perspective, while Vena is designed to automate and streamline processes for companies that prefers a consulting driven, customized solution in Excel. Ultimately, the choice between the two will depend on the specific needs and requirements of the business. If a company is looking for an all-in-one solution for Sage Intacct that includes data visualization, user-friendly interface and rapid deployment, Solver is a great option, but if company is looking for a solution that is more stand-alone for various ERPs, Vena is a great option.