LucaNet Reviews & Product Details

LucaNet Overview

What is LucaNet?

By finance experts, for finance experts: LucaNet offers easy-to-use software coupled with professional consulting to master financial consolidation, planning, reporting, and data management. Since 1999, LucaNet’s integrated solution provides 100% reliable data, making the lives of CFOs, Controllers and Group Accountants a lot easier. Available in both cloud and on-premise options, LucaNet is the perfect solution for companies of all sizes and sectors. More than 2,700 clients in over 50 countries put their trust in LucaNet, including edding, Leica, Toshiba, and Rocket Internet. Our network is strengthened by our offices and partners across the globe. We are committed to making our customers' finances easier so they can focus on the true essence of their business.

LucaNet Details
Website
Languages Supported
German, English, French, Dutch, Russian, Spanish, Chinese (Simplified)
Product Description

LucaNet offers a suite of integrated products to meet all of corporate and financial performance management needs.


Seller Details
Seller
LucaNet AG
Company Website
Year Founded
1999
HQ Location
Berlin, Germany
Twitter
@LucaNet
753 Twitter followers
LinkedIn® Page
www.linkedin.com
218 employees on LinkedIn®

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LucaNet Reviews

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Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best?

LucaNet is an extremely powerful tool for all reporting of financial data. Once fully implemented, which was done via an extensive project with LucaNet technical staff, the information flowed easily. Data from our accounting tool was pulled into LucaNet with little intervention and consolidation was then a one button click.

All the views are customisable to show what is relevant to what information is required.

In addition, the ability to be able to hold plan, forecast and actual data and compare between these at different levels (entity, department, cost type) at the click of a button is a large improvement to what we currently have. Review collected by and hosted on G2.com.

What do you dislike?

As with all implementations of new systems, the process required significant investment of time for CFO and FC. In addition, the feel and look of the tool can be difficult to get used to at first. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We are solving a manual month end, year end and forecasting process where the scrutinisation of excel spreadsheets are needed to understand the information and variances. Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best?

LucaNet is extremly powerful and you can manage the core of companies financials minimizing compexity and get rid of Excel and the dependency of Excel Guru´s Review collected by and hosted on G2.com.

What do you dislike?

For startup´s and small enterprises it would be helpful to serve them with Software and Service as external Service Provider - that´s actually not visible Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

From Legal consoldiation, management consolidation , Budgeting and Forecasting up to reflect Restructuring Measures a most efficient way

We are customizing all front end and back end processes and ensure that the data quality going into LucaNet is excellent. HardClose and Fast Close entality is for us mandatory and the basis of Financial Excellence provided by demps & partner. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

I have used a number of different reporting, consolidation tools over the years but LucaNet really is so simple to use! It is written for Finance users to be able to use comfortably once they have got used to the language. Working for a group company that has a number of businesses using different systems, different chart of accounts and different ways of working is no problem for LucaNet. It can pull data from multiple sources and make it look easy. Our consolidation process and month end close is so quick and simple now. It has also allowed us to report data in multiple ways to suit our changing business requirements and the ability to drill down into the detail is amazing! Review collected by and hosted on G2.com.

What do you dislike?

I have not found anything to dislike about Luca Net Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

LucaNet is IFRS compliant and has made our consolidation process much quicker and easier particularly where multiple currencies are involved. The speed of month end close is 'realtime' and we are now able to produce a standard management accounts pack across all of our entities.

We also have the ability to report our data in multiple ways to suit our changing business requirements Review collected by and hosted on G2.com.

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Analista de consolidación
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best?

In one second you can get the information in different ways.

The Spanish team support you , they are always for you. They are very good team working with them make everything easy. Review collected by and hosted on G2.com.

What do you dislike?

In the beginning need little time to understand how is working but after that all work perfectly. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

The consolidation. Equal reporting for all the companies of the group, when you get to do it t you can analyze the problems and solutions. Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best?

The project managers' enthusiasm to and help to deliver what we needed during the proof of concept stages. Review collected by and hosted on G2.com.

What do you dislike?

There is not much to dislike about the software! Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Moving from an all excel based spreadsheet to the simplified nature of using Lucanet for our accounting needs. Review collected by and hosted on G2.com.

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Chief Financial Officer
Marketing and Advertising
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

* Easy to set up

* Easy to change reporting structure

* Very adaptable

* Enforces structure across all reporting Review collected by and hosted on G2.com.

What do you dislike?

Nothing.

Seriously nothing. I am only writing this because it won't let me move on without 33 characters in this field. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

* Harmonizing reporting across a geographically diverse group without the need to implement a global ERP system

* Faster month end close - down to under ten days from fifty

* Incredible ability to drill down into detail & know that the numbers are trustworthy Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best?

In summary, when I compare Lucanet to other reporting software's I used in my career, Lucanet is extremely flexible when ERP internal databases are not setup in a standard format. It adapts well to different environments. Changes from local databases all the way up to the consolidation level are quickly done without bottlenecks. Reports are easily programmable once you learn the language. Lastly, the customer support provided is excellent, there is a quick turnaround and they have an excellent team to diagnose and provide solutions. Review collected by and hosted on G2.com.

What do you dislike?

I cant find any , there is probably so much more we can do in Lucanet that we have not discovered yet. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Speed of month end close. Reporting capabilities by business units, sites, departments Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from the seller
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best?

The software is easy to use, saves a lot of time on extracting and transforming data and makes analyzing your financials a whole lot easier. You do not need to be an expert to use the software! And last but not least an ethusiastic and well supporting team of consultants! Review collected by and hosted on G2.com.

What do you dislike?

A full business proposition for accountancy firms operating for small an medium businesses (mkb) would be nice and an opportunity for Lucanet Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Write down which information you want to report with Lucanet and describe which data and sources you need. And think through the complexities in your financial information processes and if they need a fix before starting implementing the software. Discuss this also with the Lucanet team! Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Integrating multiple sources into one system

Reducing time spent on monthly close and consolidation

Keeping one truth

Faster analysis of results Review collected by and hosted on G2.com.

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CFO
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from the seller
What do you like best?

So easy on boarding, autonomous very quickly, tool flexible enough to fit to your specific needs... and smart consultant to make it happen. Review collected by and hosted on G2.com.

What do you dislike?

Actually, this service was exactly what I dreamt of for my group... So nothing I dislike... Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We came from a 100% Excel finance information, with decentralized accounting in different countries.

Thanks to Lucanet, we could :

- save time to map our local accounts to our generic management account view... in an auditable way

- easily do analytic allocation of costs

At the end, my controllers spent a lot of time in Excel manipulation, and now they can focus on accounts accuracy and business support. Review collected by and hosted on G2.com.

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Senior Manager Accounting
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

LucaNet ist vollintegriert. Eine Anpassungs- oder Konsolidierungsbuchung zieht sich automatisch durch alle Bereiche (Bilanz/GuV, sämtliche Spiegel, Cash-Flow-Rechnung) etc.

LucaNet ist zudem die mir einzige bekannte Software die automatisch einen detaillierten und sinnvollen (!) Cash-Flow erstellt, bei dem man für Monats- und Jahresabschlusszwecke nur noch sehr wenige Anpassungen vornehmen muss.

LucaNet ist sehr anwenderfreundlich. Als Key User im Fachbereich lässt sich fast jedes Problem selbst lösen.

Die Schnittstelle zu Excel ist sehr flexibel (Berichte, Buchungsmasken und Reporting Packages, Daten für Geschäftsberichte aufbereiten, etc). Review collected by and hosted on G2.com.

What do you dislike?

Mir fällt nichts ein, das ich hier schreiben könnte. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Sie werden kein besseres Preis- Leistungsverhältnisse und keine anwenderfreundlichere Software finden. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

LucaNet hat unsere Monats- und Jahresabschlusskonsolidierung sowie Plankonsolidierung deutlich verbessert. Zuvor waren dies unabhängige Vorgänge (Monatsabschluss und Planung in Excel, Jahresasbchluss mit Hilfe einer anderen Software). Dies ist nun Vergangenheit und alle Arbeitsschritte sind harmonisiert. Die Abschlüsse haben seit LucaNet eine deutlich höhere Qualität. Spiegel und Cash-Flow müssen nicht mehr aufwendig in Excel auf- oder nachbereitet werden, sondern sind integriert. Die Konsolidierung ist deutlich schneller geworden. Der Reporting Prozess hat sich um etliche Tage verkürzt. Unser Wirtschaftsprüfer hat im Konzernabschluss einen Lesezugang und kann sich notwendige Buchungen mit dazugehörigen Erläuterungen selbstständig anschauen und meistens ohne weitere Rückfragen prüfen. Review collected by and hosted on G2.com.

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Supervisor
Accounting
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

The usability and functionality combined help provide an innovative and integrated solution for tackling engagements. We also have been able to quickly dive into data and improve the discussions within meetings. We can move from the "I will have to get back to you." to a "let's look into this." Review collected by and hosted on G2.com.

What do you dislike?

We currently do not dislike any function or feature. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Outline your needs and your pain points. If considering but you are unsure if the system will be able to meet your specific needs, consult with someone at LucaNet. The system can be customized and there are various apps that can create a value add. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We are able to move away from some of the inconsistencies within Excel and provide a consistent platform for our work. This enables us to incorporate other staff by providing them a solid framework to complete the tasks. The benefits of system allow for us to cut down the manual consolidation process. We have also experienced the benefits of the flexible analysis and planning to help provide a more meaningful value add for forecasting and financial review meetings. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from the seller
What do you like best?

It's a very inuative tool which facilitates a changing environment very well. Review collected by and hosted on G2.com.

What do you dislike?

Changing price models (increased pricing) Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Consolidation, reporting (budget/actuals), performance review Review collected by and hosted on G2.com.

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Group Financial Reporting Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 Gives Campaign
What do you like best?

The software is really easy to use and holds masses of data. You are able to cut the same data in many different ways to provide valuable information for management Review collected by and hosted on G2.com.

What do you dislike?

It relies on the underlying ERP systems to have a decent set of data, and be in good shape. Lucanet struggles to be as efficient when the ERP data is not as good quality. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Get the set up correct and it will reduce headaches later on Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Our monthly consolidation is now 1-2 days quicker and our statutory (semi-annual) consolidation 2-3 days. We are also able to handle adhoc queries from management much quicker Review collected by and hosted on G2.com.

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Financial Controller
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Komplettes Reporting ist sehr flexibel, es können auch ohne externe Berater neue Strukturen aufgebaut oder erweitert werden. Sehr gut ist die Integration von Excel sowohl zum download von Daten per LucaNet Formel als auch der upload von Daten über Excel Packages oder selbst gestaltete Buchungsmasken Review collected by and hosted on G2.com.

What do you dislike?

Ich kann nach 4 Jahren intensiver Arbeit mit LucaNet keine negativen Punkte feststellen Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Wir nutzen LucaNet als Konsolidierungs- und Planungstool- hier ist besonders die abgeleitete Bilanzplanung über Buchungsregeln (basierend auf dem GuV Input der einzelnen Gesellschaften) und die ebenfalls automatisch erstellte CashFlow Planung sehr hilfreich. Review collected by and hosted on G2.com.

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UE
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from the seller
What do you like best?

The support calls back within 24 hours and tries to solve the problems effectively. Review collected by and hosted on G2.com.

What do you dislike?

Support: If the same problems occur, the documentation should be consulted.

Consulting: I miss a proactive advice with hints for an improvement for the use of the product. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We implement the booking of several valuation levels and the partial and total consolidation with about 40 companies.

We also use E-Balance Sheet and recently the IFRS 16 App. Review collected by and hosted on G2.com.

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Financial Controller
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 Gives Campaign
What do you like best?

LucaNet hilft uns sehr, Controlling- und Buchhaltungsdaten an einem Ort zusammenzuführen, auszuwerten und anzupassen. Die Reporting-Möglichkeiten sind vielseitig und sparen viel Zeit. Review collected by and hosted on G2.com.

What do you dislike?

Ich würde mir wünschen, dass die Möglichkeiten zur Planung mit LucaNet noch umfangreicher und intuitiver sind. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

In LucaNet sammeln wir alle Daten, die wir für die internen Monatsabschlüsse brauchen. Analysen und Reportings können dadurch vereinfacht werden. Es ist sehr einfach und zeitsparend, Daten aus LucaNet nach Excel zu exportieren. Review collected by and hosted on G2.com.

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Head of Finance, Accounting and Controlling
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 Gives Campaign
What do you like best?

Den kreativen Möglichkeiten im Bereich von Controlling und Analysen sind fast keine Grenzen gesetzt.

Review collected by and hosted on G2.com.

What do you dislike?

LucaNet kann keinen Zeitbezug von Kostenstellen zu Kostenstellen-Gruppen darstellen und kommt hier leider an seine Grenzen. Wobei betont werden muss, dass LucaNet für diesen Einsatz nicht wirklich konzipiert ist. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Do it with ! Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

LucaNet wird in der ABS Bonifer Haulier Group im Bereich der Deckungsbeitragsrechnung / Profitcenter-Rechnung, Unternehmensplanung, Fuhrpark Analyse, Konzernabschlusserstellung und als effektive Lösung der sonstigen finanziellen Verpflichtungen eingesetzt. Review collected by and hosted on G2.com.

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Senior Manager IT
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 Gives Campaign
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best?

Made for Accountants, and very easy to use. Review collected by and hosted on G2.com.

What do you dislike?

Does not cover operational Planning, it is made for Financial Planning and Forecasting Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Enhancing Fast Close, fast and flexible Management Reporting, supporting CarveOuts Review collected by and hosted on G2.com.

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AP
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Man ist nicht gebunden an starren, vorgegebenen Berichten. Das Reporting kann ganz individuell nach Kundenwunsch aufgebaut werden.

Außerdem finde ich toll, dass es einfach in der Anwendung ist und der Support sich bei Fragen und Problemen schnell zurückmeldet. Review collected by and hosted on G2.com.

What do you dislike?

Es wäre schön, wenn Validierungen hinterlegt werden.

z. B. habe ich versucht, aus einer Excel-Datei Daten zu importieren. Ein Konto daraus wurde nicht eingelesen, ich habe aber keinen Fehler erhalten.

Hinweis wenn Aktiva nicht gleich Passiva Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Als Mittelstandsunternehmen haben wir die Konsolidierung bisher in Excel durchgeführt, was sehr aufwendig und unübersichtlich war. Wir konnten den vorhandenen Aufbau genauso in LucaNet übernehmen und nun mit viel weniger Aufwand die Monatsabschlüsse darstellen. Review collected by and hosted on G2.com.

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Financial manager
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 Gives Campaign
What do you like best?

easy access and internal logic seems to have a answer to most of question/issues we face for a long time Review collected by and hosted on G2.com.

What do you dislike?

Would like to go faster in the project, but certainly need to go by step and this takes time Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

integrqte multiple source into a sigle system for conso and planning Review collected by and hosted on G2.com.

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Consultant
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 Gives Campaign
What do you like best?

- Einfach

- Schnell

- Zuverlässig

- Tolle Mitarbeiter mit viel Erfahrung Review collected by and hosted on G2.com.

What do you dislike?

- Software Lösung umfasst nur den Finanzbereich, wäre toll wenn LucaNet auch in anderen Abteilungen/Herausforderungen der Unternehmen Lösungen existieren Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Kurze Einführungszeiten mit sichtbaren Erfolgen in kurzer Zeit Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Konsolidierung, Planung, Controlling und Reporting Review collected by and hosted on G2.com.

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AF
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 Gives Campaign
What do you like best?

sehr benutzerfreundlich, klar strukturiert, sehr stabile Software, einwandfreie Schnittstellen und ganz wichtig super freundlicher Support. Review collected by and hosted on G2.com.

What do you dislike?

gibt es keine nennenswerte Punkte ... ich bin ein Fan. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Im Vorfeld überlegen, für was man genau LucaNet einsetzen möchte und dann mit den Beraters eine richtige Strategie aufsetzen bevor man anfängt, unstrukturiert die Informationen in LucaNet zu importieren. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Konsolidierung von ausländischen Tochtergesellschaften in Fremdwährungen, Darstellung der Financial Statements nicht nur in HGB sondern auch nach RegKredV (reguliertes Unternehmen), Kostenstellenauswertung, Meldewesen an Bafi Review collected by and hosted on G2.com.

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LL.B.
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Performance super, Support schnell und verlässlich Review collected by and hosted on G2.com.

What do you dislike?

ES gibt keine nennenswerten negative Anmerkungen. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

schnellere Bearbeitung von Konzernabschluss Review collected by and hosted on G2.com.

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Managing Partner
Financial Services
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 Gives Campaign
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best?

this software tool is easy in use with all functionalities for the finance department Review collected by and hosted on G2.com.

What do you dislike?

the graphic capabilities are rather limited Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

faster closing and deeper analysis coöpared to excel reporting Review collected by and hosted on G2.com.

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CFO
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 Gives Campaign
What do you like best?

usesibility of the software

competence of the consultants Review collected by and hosted on G2.com.

What do you dislike?

posibility to create sales and profit contribution analyssis by Customer-/article view Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

-easier reporting, planing, forecastiong and consolidation Review collected by and hosted on G2.com.

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