LucaNet is a comprehensive CPM (Corporate Performance Management) platform for finance that automates financial consolidation, financial planning, and reporting processes.
The intuitive software is designed to meet the requirements of finance teams, providing complete and accurate financial information.
LucaNet greatly facilitates the day-to-day activities of CFOs, controllers, analysts, and accounting teams of companies and holding structures. It allows them to focus on what matters most: minimizing risks, driving sustainable growth, and making timely and effective business decisions.
The LucaNet corporate performance management software platform provides the following solutions:
LucaNet automates and speeds up the financial consolidation process, and provides data transparency across the entire organization. With the CPM Finance software, companies complete financial close and consolidate up to 5 times* faster.
Specialized finance software helps collect and unify data from multiple sources, ensures data accuracy and integrity, performs complex calculations, and generates consolidated reports, saving finance teams time and effort.
The solution provides better control, transparency, and traceability of information. The use of LucaNet results in a reduction of data errors by up to 70% and an increase in transparency of financial information by up to 100%.
CPM's finance platform ensures a smooth and seamless implementation of IFRS 16 requirements. LucaNet helps companies collect and process lease data, automating all necessary accounting entries and disclosures while tracking and reflecting changes to lease agreements that impact the financial statement.
Quick and reliable financial consolidation is only possible if the process starts with a proper reconciliation of intra-group transactions and balances between group companies.
LucaNet allows for decentralized reconciliation of these transactions before the consolidation process and saves significant time searching for discrepancies.
Thus, the consolidation process starts with fully validated and reconciled financial data.
LucaNet's financial planning and budgeting software is a leader in the Business Application Research Center (BARC) rankings for similar solutions.
LucaNet encompasses and automates all aspects of business planning in a single centralized system. This includes integrated financial planning, forecasting, and scenario planning (budget versions).
With an easy-to-use interface, quickly collecting financial data from different sources and unifying it, companies automate budgeting and financial planning processes.
The built-in liquidity planning solution enables a comprehensive view of the expected financial situation, taking into account the group's financial plans and models.
With LucaNet, companies accelerate and facilitate the process of creating interim or multi-year forecasts based on various parameters. The corporate performance management finance solution becomes a unified data source that allows organizations to easily compile and structure financial data from different departments.
Whether cash flow forecasting, scenario planning, or operational projections are needed, LucaNet provides a holistic view of the state of the business.
Group structures and the companies within them are becoming increasingly complex, decentralized, and international, making it difficult to collect accurate financial data.
Using LucaNet can eliminate errors in an organization's financial statements. CPM's finance platform cuts hours of collecting, verifying, and merging financial data from multiple sources and Excel spreadsheets, as well as manually entering new accounts.
LucaNet is an ideal tool for introducing centralized control and efficient management of group companies.
LucaNet provides reliable, timely, and automated reporting based on accurate financial data. The CPM software for finance provides finance professionals with a means to prepare KPIs (key performance indicators) such as cash flow, liquidity, profitability, and more into one system, and facilitates their timely delivery to stakeholders.
Company executives and stakeholders can conveniently view reports through a browser using a PC, iPad, or Android tablet.
For accurate financial analysis, it is necessary to use reliable and up-to-date data. Therefore, data must be kept consistent, both quantitatively and qualitatively.
With embedded BI, organizations can prepare their financial data in a tabular format and access it in ad-hoc charts, analytics of different time periods and dynamic comparison views. Users can visualize, share, and customize financial data in centralized, interactive, and mobile dashboards and charts.
LucaNet helps automate and accelerate the financial disclosure processes, formatting consolidated annual and interim financial statements, ESEF reports, individual financial statements, and other types of reports (e.g. management specific reports).
The CPM finance platform helps perform analyses related to ESG reporting (calculation of KPIs), integration of EU taxonomy and ESRS, and reporting to investors, management, and other stakeholders.
With LucaNet, organizations can meet all ESG reporting requirements, whether for internal or external purposes.
LucaNet has 300 connectors that allow easy connection to multiple ERP systems and other data sources, providing flexibility and the ability to integrate with the software across the organization.
For over 20 years, LucaNet has become a trusted partner to 3900+ companies in 50 countries.
Balkan Services is an official partner of LucaNet and has a certified team of consultants with in-depth knowledge of finance.
We implement LucaNet and provide follow-up training to work effectively with the solution.
*Source: LucaNet official website
All meetings with the Balkan Services team went quickly and smoothly. The team understood what our company needed and guided us through the entire process during the LucaNet implementation. The colleagues from Balkan Services were tightly beside me at every point where a decision had to be made. This made me feel very relaxed and secure in working with them."