LucaNet

Founded in 1999, LucaNet is a German vendor with a focus on financial performance management (FPM). The company is headquartered in Berlin with additional offices in Germany, Europe, Asia and the United States. LucaNet has over 3,000 customers worldwide.

LucaNet’s software portfolio comprises solutions for financial consolidation and close; financial planning and budgeting; financial reporting and additional financial management topics, which can be used in any combination. All products are targeted at business users and are based on a proprietary multidimensional, in-memory database (LucaNet.Financial OLAP Server). The database provides a predefined data model with intertwined business rules for establishing an integrated financial planning model and creating consolidated financial statements. Using the same logic, it is possible to compare planned versus actual data dynamically and also at group level. LucaNet provides a variety of predefined connectors to common ERP and financial accounting systems. It is also possible to collect and validate data via a web interface, including an intercompany reconciliation.

LucaNet software is based on Java and offers both cloud (leveraging Amazon Web Services) and on-premises options. The cloud services are ISO 27001 certified. In addition to LucaNet’s core capabilities, an integrated development environment provides functionality to design individual forms, calculation rules and applications. Using this development environment, LucaNet provides apps for financial solutions (e.g., IFRS 16) as well as several operational planning scenarios that can be used to feed the vendor’s inherent financial planning model. However, operational planning is not the focus of the solution. Apps can be adapted to customer-specific needs and requirements. For predictive planning and forecasting (e.g., within financial planning), a dedicated app is available, which delivers data-based forecasts based on actual figures and is a simple means to validate manual plans. For reporting and analysis, LucaNet offers an Excel add-in as a front end, but offerings from other third-party vendors such as Microsoft Power BI, Qlik and Tableau may also be used. Dashboards based on Microsoft Power BI can be implemented by LucaNet consultants. LucaNet’s open architecture allows these front ends to access the LucaNet.Financial OLAP Server and/or LucaNet Financial Warehouse including the hierarchies, structures and values.

For requirements in disclosure management and ESEF reporting (European Single Electronic Format), LucaNet has a reseller agreement with AMANA Consulting. Under this agreement, LucaNet distributes and implements the AMANA products SmartNotes and XBRL-Tagger independently.

User & Use Cases

Besides planning, customers mainly use LucaNet for ad hoc query and reporting (84 percent), standard/enterprise reporting (82 percent) and financial consolidation (67 percent). 38 percent of respondents plan to use it for dashboards/scorecards in the future. LucaNet targets small and mid-sized companies across all industries. 85 percent of our sample of LucaNet customers come from mid-sized companies (100-2,500 employees) with a median of 10 users (including 5 using planning functionality), but the mean of 31 users (17 for planning) indicates there are also some slightly larger implementations. 57 percent of LucaNet users are planning users – which is below the survey average of 66 percent – reflecting the fact that LucaNet is essentially a financial consolidation tool with complementary planning functionality.

Current vs. planned use (besides planning)

N=34

Percentage of employees using LucaNet

N=34

Planning users (as a percentage of all users)

N=34

Total number of users per company

N=34

Planning users per company

N=34

Company size (number of employees)

N=34

Summary of LucaNet highlights

With 17 top ranks and 60 leading positions across four different peer groups, LucaNet once again achieves an outstanding set of results in this year’s Planning Survey. Convincing ratings in numerous important KPIs help to consolidate its position as a marketleading financial performance management platform that delivers considerable benefits to its customers. Companies can benefit from using LucaNet in terms of reduced resource requirements for planning, increased transparency of planning, more precise/detailed planning and increased planning frequency. Overall, these benefits lead to a better quality of planning results for many customers. 97 percent of LucaNet users say they would definitely or probably recommend their planning product to other organizations – an incredibly high result, which is a great indicator of customer satisfaction with the vendor and its product.

LucaNet in the Global Vendors peer group

Peer Group: Global Vendors

Project Success – Top-ranked

Peer Group: Financial Performance Management Products

Business Value – Top-ranked

Peer Group: Financial Performance Management Products

Ease of Use – Top-ranked

Peer Group: Financial Performance Management Products

Project Length – Top-ranked

Peer Group: Financial Performance Management Products

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Planning Survey 21 Awards

LucaNet

Peer Groups Financial Performance Management Products, Global Vendors, Midsize/Departmental Implementations, Performance Management Specialists
VendorLucaNet
Number of responses34
ProductLucaNet
Offices14 offices worldwide in Germany (HQ), Austria, Switzerland, Belgium, China, France, United Kingdom, Netherlands, Singapore, Spain and United States
Employees500
Customers3,000
Revenues (2020)Undisclosed
Websitewww.lucanet.com

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Quotes from the Planning Survey 21

Hervorragende Software mit unterschiedlichsten Modulen und mit maximaler Flexibilität. Hervorragendes Preis-/ Leistungsverhältnis. Herausragende Berater/-innen, die Projekte mit Leidenschaft und Pragmatismus auch über längere Zeiträume sicher zum Erfolg führen.
CEO, process industry, 100-2,500 employees
Planungslogik, Flexibilität, Intuitive Anwendung, Anbindung an ERP-System, Excel-AddIn mit LucaNet-Formeln und damit unendliche Reportingmöglichkeiten.
Line of business employee, services, 100- 2,500 employees
Eine bessere Planungs- und Konsolidierungssoftware können wir uns nicht vorstellen.
Head of business department, consulting, less than 100 employees
Multifunktionale Tool mit sehr kompetentem, freundlichem und hilfsbereitem Support, der immer für individuelle Lösungen ein offenes Ohr hat.
Line of business employee, manufacturing, 100-2,500 employees
Konkret, verlässlich und verbindlich im Hinblick auf fachliche Themen und Preisangebote. Absolut immer kundenorientiert und mit Leidenschaft am Projekt arbeitend. Ich habe etliche Projekte in der Praxis durchgeführt und zum Erfolg gebracht, doch noch nie war eine gute und langfristige Beratung so entscheidend. LucaNet bietet beides auf einem hervorragendem Niveau an und hat damit den Erfolg des Projektes garantiert.
CEO, process industry, 100-2,500 employees