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Lucanet

Score7.8 out of 10

3 Reviews and Ratings

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What is Lucanet?

Lucanet is a CFO Solution Platform for finance leaders. By uniting, standardized, compliance-ready insights in one SaaS platform, Lucanet’s solution aims to enable CFOs to lead with ease. Lucanet provides users transparent data and intelligent workflows to manage their strategic and reporting needs.

Categories & Use Cases

Media

Screenshot of Lucanet's financial consolidation software, which provides a fully automated process through all consolidation steps and group structures, regardless of complexity.
Screenshot of Lucanet's financial reporting software, designed to deliver timely and accurate information to the appropriate stakeholders for decision-making processes.
Screenshot of Lucanet's ESG reporting feature, used to collect data, analyze information, and produce fully compliant reports at the touch of a button.
Screenshot of Lucanet's disclosure mangaement interface, used to prepare financial or non-financial information, such as annual reports.
Screenshot of the IC reconciliation tool, which enables decentralized reconciliation prior to consolidation and saves those involved at the parent company level from having to tediously search for discrepancies during consolidation.

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Screenshot of Lucanet's financial consolidation software, which provides a fully automated process through all consolidation steps and group structures, regardless of complexity.

Key Features

Learn about the best (and worst!) features Lucanet has to offer, as determined by TrustRadius' reviewers.
Based on 3 ratings of Lucanet's features
View all features

Top Performing Features

  • Drill-down analysis

    Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.

    Category average: 8.3

  • Management reporting

    Budget vs. actual or forecast, P&L’s, performance over time, between products etc.

    Category average: 8.5

  • Multi-currency management

    Ability to handle foreign currency conversions during consolidation.

    Category average: 7.4

Areas for Improvement

  • Cost and profitability analysis

    Cost and profitability analysis provides data for business decision making.

    Category average: 8.2

  • Forecasting

    Combining actuals and budgets, rolling forecasts, driver-based models.

    Category average: 8.4

  • KPIs

    Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.

    Category average: 7.6

Reviews

What users are saying about Lucanet.
View all reviews

Lucanet: clean and intuitive dashboards for external reporting

Incentivized
Verified User
Analyst in Finance and Accounting (5001-10,000 employees employees)

Pros

  • Very intuitive interface to slice and dice the data to have a monthly, quarterly, or yearly view
  • Easy to add additional journal entries
  • Present legal consolidation structure in an intuitive way

Cons

  • Limited dimensions to drill-down to a lower level of detail
  • Limited reporting functionality
  • We used it mainly for consolidation of actuals. As far as I know, limited functionality for variance analysis

Return on Investment

  • Provides single source of truth regarding financial data
  • Affordable solution

Alternatives Considered

Oracle Financial Consolidation and Close Cloud

Other Software Used

Adaptive Insights, a Workday company, Oracle Financial Consolidation and Close Cloud, Oracle Financials

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