Bill.com vs Vena

Last Updated:

Our analysts compared Bill.com vs Vena based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Bill.com Software Tool
Vena Software Tool

Product Basics

Bill.com is a cloud-based software solution provider that automates financial processes for small and medium-scale businesses. It streamlines accounts payable and receivable management and uses AI and machine learning to reduce tedious data entry and manual errors. As an end-to-end option, it connects businesses with suppliers and clients to assist them in managing cash inflows and outflows.
read more...
Vena is a cloud-based platform designed to streamline financial close and consolidation processes for businesses. It caters to mid-sized and large organizations, particularly those with complex account structures and diverse reporting requirements. Key benefits include centralized data management, automated workflows, and real-time reporting capabilities, which contribute to improved accuracy, efficiency, and transparency in financial operations. Popular features include its user-friendly interface, robust data reconciliation tools, and flexible reporting formats. User reviews highlight Vena's ability to significantly reduce manual tasks, improve collaboration between finance teams, and generate consolidated reports quickly. However, some users note the occasional occurrence of technical glitches and limited customization options. Pricing is based on a subscription model, with varying tiers depending on the number of users, functionality required, and data volume. Costs are typically in the range of $5,000 to $25,000 per year, billed annually.

Pros
  • Streamlines financial close and consolidation
  • Improves accuracy and efficiency
  • User-friendly interface
  • Robust data reconciliation tools
  • Flexible reporting formats
Cons
  • Occasional technical glitches
  • Limited customization options
  • Relatively high cost
  • Learning curve for new users
  • May not be suitable for small businesses
read more...
$25/User, Monthly
Get a free price quote
Tailored to your specific needs
$5,000 Annual
Get a free price quote
Tailored to your specific needs
Small 
i
Medium 
i
Large 
i
Small 
i
Medium 
i
Large 
i
Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Gain Control: Set up approval workflows and custom roles to suit the department and team. Check pending approvals, sent invoices and other payment activity from the dashboard. 
  • Everything is Synchronized: Connect with leading accounting and payment tools to speed up reconciliations and keep the books consistent. 
  • Conduct International Business: Pay vendors in multiple countries and log in multiple currencies with ACH payments, international wires, virtual cards or checks. 
  • Guaranteed Security: Ensure premium data integrity through Transport Layer Security for data encryption and transmission. 
  • Boost Efficiency: Automate manual work, minimizing the possibility of error or duplicate entry, thereby saving time and boosting efficiency. 
  • Quick Account Receivables: Pay clients two times faster with digital invoices, automatic reminders and electronic payments. Set alerts and speed up accounts receivable with electronic payments. 
  • Simplify Accounts Payable: Save half the time otherwise spent on getting paid from national and international vendors. Gain more control, flexibility and visibility with the variety of payment options. Direct bills and review the notes through pre-determined approval workflows 
read more...
  • Automation: Eliminate manual data entry and human errors to produce trustworthy budgets with prompt data collection and consolidation 
  • Cloud Usage: Access data and spreadsheets from practically any location anywhere with an internet connection with the cloud database. 
  • Permissions: Protect sensitive data and spreadsheets by only sharing them with significant users. 
  • Accuracy: Assign tasks, status alerts and reminders fast. Catch mistakes before they happen and dig deep into the numbers to find the source of their data. 
  • Integration: Combine sales, marketing, customer care and finance data from customer analytics, marketing automation, GL systems and more.  
read more...
  • Automated Cleaning House Network: Get paid and receive payments faster with ACH payment processing that’s safe, speedy and cost-effective. Minimize the possibility of paper check theft with digital payments. 
  • International Payment: Send and receive payments from across the globe, and make workflows more efficient by processing domestic and international transactions for more than 130 countries. 
  • Automatically Sync the Data: Sync USD and local currency bills with leading accounting software packages like QuickBooks, Sage Intacct, Xero and Microsoft Dynamics 365 Business Central. 
  • Software Integration: Connect with the existing accounting software and allow data to flow between systems to keep everything up to date. Export information through templates, import bills and invoices to keep them up to date. 
  • Accounts Payable: Import invoices without any manual intervention. Get control, flexibility and visibility by using multiple payment options and tracking facilities. 
  • Accounts Receivable: Create and customize professional invoice templates for regular customers. Automate account receivables with automatic charges and payments. Get quick information on the receivables by tracking the status. 
read more...
  • Budgeting, Planning & Forecasting: Ensure budgets are consistent across the board and simple to merge with any data source, Excel or otherwise. Utilize the drag-and-drop feature to seamlessly automate the budget processes while designating tasks to employees, keeping stakeholders in the loop with email notifications and monitoring workflows. 
  • Reporting & Data Analytics: Review live data from any department or business on any device with personalized dashboards. “What-If” modeling permits users to visualize results promptly and share them with stakeholders to make data-informed decisions. 
  • Regulatory Reporting & Compliance: Consolidate data and spreadsheets into one central, secure, cloud-based database in real time. Customize roles and permissions to define and enforce strict controls for all users.  
  • Revenue Performance Management: Evaluate customer data such as NPS scores, product usage metrics, customer acquisition and support costs in a single database. Improve customer satisfaction, zero-in on the right customers and bump up customer lifetime value with vital client KPIs. 
  • Technology Platform: Revert to previous spreadsheet versions effortlessly to study changes over time and dig deeper into the reasons behind reported numbers by drilling down to supporting details.  
read more...

Product Ranking

#42

among all
Accounting Software

#24

among all
Accounting Software

Find out who the leaders are

User Sentiment Summary

Great User Sentiment 2020 reviews
Great User Sentiment 304 reviews
85%
of users recommend this product

Bill.com has a 'great' User Satisfaction Rating of 85% when considering 2020 user reviews from 5 recognized software review sites.

86%
of users recommend this product

Vena has a 'great' User Satisfaction Rating of 86% when considering 304 user reviews from 6 recognized software review sites.

4.3 (14)
4.4 (13)
4.4 (1165)
4.6 (106)
4.2 (523)
4.4 (13)
n/a
4.1 (19)
4.4 (6)
4.9 (9)
3.9 (312)
4.1 (144)

Synopsis of User Ratings and Reviews

Automated Workflow: Streamlines invoice processing, approval, and payment, saving time and reducing errors.
Centralized Platform: Manages all accounts payable and accounts receivable functions in one place, providing a comprehensive view of cash flow.
Seamless Integrations: Connects with popular accounting software, banks, and payment gateways, eliminating manual data entry and reconciliation.
Robust Reporting: Provides detailed insights into spending, cash flow, and vendor performance, enabling informed decision-making.
Improved Vendor Relationships: Automates vendor payments, reduces late fees, and strengthens supplier relationships.
Show more
Customer Support: Approximately 80% of users who mentioned customer support said the team was helpful and quick in troubleshooting issues.
Performability: Of the users who discussed this solution's performance, 67% stated it's easy to use, provides top-notch financial information and is SOX compliant.
Modules: Nearly 59% of users who addressed this platform's modules said they're easy to use and offer superb financial planning and analysis information in a timely fashion.
Integrations: Of the users who discussed this program's integrations, 80% of users said it seamlessly merges with Power BI, Netsuite and other ERP systems.
Show more
Lack of Customization: Limited flexibility in customizing reports, workflows, and user permissions, making it difficult to adapt to specific business needs.
Limited Integration Options: Fewer pre-built integrations with other business applications compared to competitors, leading to manual data entry and potential errors.
Inconsistent User Interface: The user interface can be inconsistent across different modules, resulting in a steep learning curve and reduced efficiency.
Slow Response Times: Users have reported experiencing slow loading times and delays when processing large volumes of transactions or generating reports.
Limited Functionality for Complex Accounting: May not offer advanced features required for complex accounting needs, such as multi-entity consolidation or specialized industry-specific functions.
Show more
Limited Customization Options: While Vena offers some customization features, they might not be sufficient for highly specific needs or complex workflows.
Occasional Technical Glitches: Some users report experiencing occasional technical glitches and bugs, which can disrupt workflows and impact productivity.
Relatively High Cost: Vena's subscription fees can be expensive for small businesses or those with limited budgets.
Learning Curve for New Users: Although Vena has a user-friendly interface, it may require some time and training for new users to become fully proficient.
May Not Be Suitable for Small Businesses: Vena's features and functionalities might be overkill for small businesses with simple accounting needs.
Show more

Users highly rate Bill.com's user-friendly interface, time-saving automation features, and excellent customer support. They appreciate the ability to easily track invoices, automate payments, and reconcile bank statements. Compared to other accounting software, Bill.com stands out for its seamless integration with popular business applications and its robust reporting capabilities. These strengths make it a valuable tool for businesses looking to streamline their financial operations and improve efficiency. While Bill.com excels in many areas, users have also noted some limitations. Some users find the software's pricing structure to be higher than competitors, and the lack of advanced inventory management features may be a drawback for businesses with complex inventory needs. Additionally, the software's reliance on an internet connection can be a concern for businesses that require offline access. Overall, Bill.com is an excellent choice for businesses seeking a user-friendly and efficient accounting solution. Its strengths in automation, integration, and reporting make it a valuable tool for streamlining financial operations. However, businesses with advanced inventory management needs or those requiring offline access may need to consider alternative options.

Show more

Reviews for Vena present a mixed bag, highlighting both its strengths and weaknesses in comparison to similar products. Users praise its user-friendly interface, robust data reconciliation tools, and flexible reporting capabilities. One user remarked, "Vena feels like Excel, but with the power to handle our complex financial data without breaking a sweat." However, some users bemoan limited customization options, stating, "We wanted to tailor Vena to our specific workflows, but the customization tools felt restrictive." Additionally, occasional technical glitches and a relatively high cost compared to competitors like Adaptive Insights and Oracle Cloud EPM were points of concern. Despite these drawbacks, many users believe Vena's strengths outweigh its weaknesses. They appreciate the ease of use, improved accuracy, and streamlined financial processes it offers. One user noted, "Vena has helped us reduce our closing time by 50%, which frees up valuable time for analysis and strategic planning." Ultimately, Vena seems best suited for medium to large organizations with complex financial needs who prioritize ease of use and powerful functionalities. For smaller businesses or those with simpler requirements, alternative solutions might be a better fit.

Show more

Screenshots

Top Alternatives in Accounting Software


Accounting Seed

Acumatica

BQE Core

Dynamics 365 Finance

FreeAgent

Freshbooks

Manager

Odoo Accounting

Oracle Financials Cloud

Patriot Accounting

QuickBooks Online

Sage 50cloud Accounting

Sage Intacct

SAP Business One

SAP S/4 HANA Finance

TallyPrime

Wave Accounting

Workday Financial Management

Xero

ZarMoney

Related Categories

WE DISTILL IT INTO REAL REQUIREMENTS, COMPARISON REPORTS, PRICE GUIDES and more...

Compare products
Comparison Report
Just drag this link to the bookmark bar.
?
Table settings