Based on 20 Lucanet reviews and verified by the G2 Product R&D team. Uses collected data to assist organizations in understanding what they can afford now, and in years to come.
Forecasting
Based on 18 Lucanet reviews and verified by the G2 Product R&D team. Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline.
Planning
Based on 19 Lucanet reviews and verified by the G2 Product R&D team. Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly.
Data (4)
Data Visualization
Based on 19 Lucanet reviews and verified by the G2 Product R&D team. Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts.
Data Analysis
Based on 21 Lucanet reviews and verified by the G2 Product R&D team. Scours data for actionable insights.
Custom Reporting
Based on 23 Lucanet reviews and verified by the G2 Product R&D team. Allows users to customize their own reports according to business needs.
Reporting Templates
Based on 21 Lucanet reviews and verified by the G2 Product R&D team. Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions.
Status Communication (4)
Collaboration
Based on 15 Lucanet reviews and verified by the G2 Product R&D team. Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users.
Version Control
Based on 18 Lucanet reviews and verified by the G2 Product R&D team. Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance.
Real-Time Data Updates
Based on 17 Lucanet reviews and verified by the G2 Product R&D team. Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information.
Scorecards
Based on 12 Lucanet reviews and verified by the G2 Product R&D team. Displays and shares company performance data to increase transparency across the board.
Budget Creation (6)
Data Import
Import trial balance, monthly P&L, balance sheets, and other types of financial data This feature was mentioned in 13 Lucanet reviews.
Budget Hierarchies
Define budget structure elements and how they are linked hierarchically This feature was mentioned in 12 Lucanet reviews.
Versioning
Keeps track of all versions of a budget and allows users to compare versions This feature was mentioned in 12 Lucanet reviews.
Formulas
Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues This feature was mentioned in 11 Lucanet reviews.
What-If
Test the potential financial impact of business decisions on revenues and expenses 10 reviewers of Lucanet have provided feedback on this feature.
Budget Periods
Users can customize standard budget periods (3, 9, or 12 months) 12 reviewers of Lucanet have provided feedback on this feature.
Budget Management (3)
Consolidation
Consolidate multiple budgets from different departments or business entities This feature was mentioned in 10 Lucanet reviews.
Adjustments
As reported in 11 Lucanet reviews. Users with administrative access rights can modify budgets
Workflows
As reported in 11 Lucanet reviews. Workflows are used to define the steps required to alter budgets and who needs to approve changes
Forecasting (5)
Historical Data
Based on 12 Lucanet reviews. Forecasting is based on past transactions and historical financial or operational data
Reforecast
As reported in 10 Lucanet reviews. Ability to recreate forecasts to include new information that may impact budgets
Forecast Types
Support multiple types of forecasts such as balance sheet and cash flow forecasts
Rolling Forecasts
As reported in 10 Lucanet reviews. Used to review and update budgeting assumptions for a predefined period (usually one year)
AI
Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns
Analytics (3)
Variance Analysis
As reported in 11 Lucanet reviews. Project out as the year progresses to accommodate trends that affect key business drivers.
Forecasts Comparison
compare Income Statement, Balance Sheet, and Cash Flow for multiple periods 11 reviewers of Lucanet have provided feedback on this feature.
Forward Looking
Based on 10 Lucanet reviews. Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data
Reconciliation (3)
Consolidation
Data from multiple systems can be centralized into a single repository
Management
Financial information can be imported from multiple sources such as spreadsheets, text files, or databases
Accounting
Match invoices, payments, and bank statement information
Reporting (3)
Report Types
Provide multiple types of reports such as point-in-time snapshot reports, or year over year
Standard
Offers standard financial reports out of the box
Custom
Allows users to edit reports and to combine multiple reports
Closing Process (3)
Audit
Creates workflows to assign tasks for audit and inspections, monitor work in progress, timelines, and approvals.
Journal Entries
Adjusts journal entries in order to have an accurate balance sheet and income statement
Distribution
Based on 10 Lucanet reviews and verified by the G2 Product R&D team. Financial statements and statistical reports (such as KPI) can be assembled into financial packages
Financial Planning (3)
Extended Planning
Analysis that creates business plans outside of finance, including sales, marketing, or HR.
Reporting
Reports on departmental KPI metrics measured against targets.
Integration
Consolidates planning processes across an organization into a single solution.
Agentic AI - FP&A (Financial Planning & Analysis) (2)
Proactive Assistance
Anticipates needs and offers suggestions without prompting
Decision Making
Makes informed choices based on available data and objectives
Agentic AI - Budgeting and Forecasting (3)
Natural Language Interaction
Engages in human-like conversation for task delegation
Proactive Assistance
Anticipates needs and offers suggestions without prompting
Decision Making
Makes informed choices based on available data and objectives
AI - Financial Close (5)
Autonomous Task Execution
Capability to perform complex tasks without constant human input
Compliance
Uses AI to ensure the following of rules and creates detailed audit trails which helps compliance and audit preparation.
Reconciliation
Uses AI to match transactions across accounts and systems, and flag exceptions and discrepencies.
Data Collection
Uses AI to extract, clean, and validate financial data from disparate sources, while identifying errors and inconsistencies.
Analysis
Generates AI-assisted financial reports and provides thorough analytical insights.
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