has anyone used vena solutions or data rails for c...
# accountingn
Nicolas Bean
10/04/2024, 1:12 PMhas anyone used vena solutions or data rails for consolidation/budgeting?
m
MGBC
10/04/2024, 2:23 PMYes I've seen both used. Also check out Solution 7
n
Nicolas Bean
10/04/2024, 2:49 PMwhich would you recommend? pros/cons? do they both do consolidation?
s
suitedev
10/04/2024, 3:56 PMwhat’s your budget?
suitedev
10/04/2024, 3:56 PMVena can take a significant amount of time to manage/update for new views.. it’s very manual.
n
Nicolas Bean
10/04/2024, 4:16 PMdon't know its for a client
Nicolas Bean
10/04/2024, 4:16 PMnot sure what their budget is
m
MGBC
10/04/2024, 4:56 PMYes Vena is a larger resource overhead to manage and upkeep
Data rails seemed fairly straightforward but needed a lot of help from their team to setup and maintain as new updates are made in the system
Solution 7 was the quickest/easiest/cheapest. But it’s 100% excel based. It’s an extension in excel to get your NetSuite data. Most finance teams love it because they are all familiar with excel where other tools are their own platform
🙏 1
MGBC
10/04/2024, 4:56 PMWhat do you mean by comsolidation?
n
Nicolas Bean
10/04/2024, 5:40 PMand how does that compare to just getting ODBC?
m
MGBC
10/04/2024, 5:42 PMODBC is just extraction of the data. You still would need a tool to display it
MGBC
10/04/2024, 5:43 PMAlso the tools above allow you to ADD data back (like forecasts and budgets) where other tools like tableau or PowerBI are only outputs
n
Nicolas Bean
10/04/2024, 7:00 PMsure but with ODBC you can make your own queries etc.
5 Views