Lucanet Reviews

“one stop shop for finance

Pros

I appreciate that LucaNet serves as an all-in-one solution for companies aiming to enhance their budgeting processes and overall financial growth.

Cons

At first it felt somewhat overwhelming but I quickly found that it becomes easier to use with time.

“Powerful tool

Pros

I like having so many different data options available as it really comes in handy. The interface is pretty user friendly too though you will definitely need some training to get the most out of it. The main features work really well and do what they're supposed to do.

Cons

The Excel plugin and formulas definitely help with building dashboards but I find myself spending way too much time manually checking spreadsheets and relying on external sources for data as it really slows things down.

“works the best for us

Pros

The thing I like is that I can analyze my financial data really well with this as it breaks everything down clearly and makes tracking much easier than before.

Cons

I feel like it could use a few more color options to choose from.

“Struggles with data merging and reporting

Pros

I can analyze data in so many different ways with this platform which gives me the flexibility I really need. Though I will admit, all that data can feel pretty overwhelming at times.

Cons

The reporting features could be improved as they feel limited for my needs. Plus setting up dashboards requires activating the Excel plugin and putting a lot of effort into interface design which adds extra steps to the process.

“Essential CRM Tool That Works

Pros

What I really like is that it handles data analysis well and the insights you can pull from your information are impressive too.

Cons

I feel like graphics could definitely use some work to make the customer experience better.

“simple tool with strong features

Pros

I've found Lucanet extremely user-friendly and packed with features that have helped us strengthen our consolidation process for example the Intercompany matrix quickly flags intercompany mismatches, importing FX rates is simple and we can upload Excel reports for our smaller entities. We also rely on it to consolidate budgets. It's simple to have each subsidiary upload its budget template and with a single click I can produce a consolidated budget. Being able to compare budgeted rates to actual rates is particularly handy.

Cons

There are ongoing issues: sometimes the booking description is wrong because Lucanet inexplicably pulls data from a different field. We also couldn't get Lucanet to integrate cleanly with Power BI, the ERP connectors don't consistently retrieve data which prevented a proper connection.

“flexible and easy setup

Pros

The setup is really flexible and I can add and move new accounts extremely easily whenever needed.

Cons

I've noticed that data imports can run slowly when I'm working remotely which can be frustrating.

“good performance and handling

Pros

I appreciate the strong performance, how easy it is to use and the flexible way it handles different tasks.

Cons

For our specific use cases I find the planning options are too limited and don't meet our needs.

“user-friendliness is good

Pros

I really like how user-friendly the software is, it's very simple and easy to use.

Cons

The Layout Group Report could definitely be better.

“Useful statistics and a range of features

Pros

What I find useful are the statistics books and the range of features they provide.

Cons

To be honest I feel the formulas and display views could use more options and flexibility.

“reporting creation simple

Pros

I appreciate the simplicity of the reporting process, creating reports is simple and easy to do.

Cons

I came accross dimension restrictions so I'm unable to analyze everything I need to.

“smart system and self-explanatory

Pros

I'm really taken with how simple it is and how the layout explains itself.

Cons

When it comes to our liquidity planning we find the month-slice view sometimes lacks the level of detail we need.

“very good consolidation

Pros

We rely on the software's really solid consolidation�... it works very well for us.

Cons

I often find that the report settings aren't always logical and can be hard to understand.

“P&L and cash flow good

Pros

I find the profit-and-loss reports, cash flow features and the software's applications work really well for our needs.

Cons

At times I feel the interface could be a bit more user-friendly.

“self-explanatory and simple

Pros

For me using it feels simple and really easy.

Cons

I've found that their customer service has sadly deteriorated a lot.

“Fantastic reporting and ease of use

Pros

I think the reporting features and the ease of use are fantastic.

Cons

Honestly I can't think of anything negative here sorry..

“consolidation and views are helpful

Pros

I'm really happy with the consolidation capabilities, the various views, the clear presentation of the balance sheet and how intuitive the operation feels.

Cons

What annoys me is that switching between screens (from my laptop to an external monitor) usually causes the application to crash.

“Interface is very user-friendly

Pros

Actually I find the user interface very user-friendly and simplee.

Cons

the permission management is messy and difficult to navigate.

“versatile import tools

Pros

I find the tools for data imports to be versatile, simple and flexible.

Cons

For my part the visibility of entries throughout the entire consolidation process could be better and I'd welcome a separate analysis or reporting option etc.

“layout visually-appealing and reports customizable

Pros

I've found LucaNet's interface to be extremely user-friendly and I can tailor the reports to match our specific needs without much hassle.

Cons

When we add new cost centers I have to manually update every existing report to include them which is time-consuming, it would be helpful if reports offered selectable verification fields so I could reconcile totals like the balance sheet sum directly.