Welcome to the LucaNet Blog
Here, employees of the LucaNet family and guest authors blog on all relevant topics that move us as a financial performance management software provider, ranging from news out of the accounting world to trends and developments in the professional world to stories of our customers and colleagues alike.
LucaNet awarded once again: Market Leader in the 2022 BARC Score for FPM
LucaNet has been ranked as a Market Leader in the BARC Score FPM DACH 2022 for the fifth time in a row. Read now!
Generation shift at LucaNet: Elias Apel becomes part of the executive board
On May 1, 2022, Oliver Schmitz will hand over the baton to Elias Apel, who will complete the Management Board with Dominik Duchon as the new CFO. Read more about the new board at LucaNet.
LucaNet AG partners with Hg to build a global leader in Corporate Performance Management
LucaNet AG, a leading German-headquartered financial consolidation and planning software business, announces that it has agreed a strategic investment from Hg, a global software and services investor.
Why diversity increases the success of companies
Numerous studies prove: Diversity makes companies more successful. Read why this is so and how to become diverse and inclusive in our blog.
How digital transformation can increase customer satisfaction
What are the benefits of digital transformation in the Office of Finance and how does it pay off in terms of customer satisfaction? Our interview offers answers to this question. Read it now!
7 important questions for determining the budget
Are you currently in the process of determining your annual budget? In this article, we will share the most important aspects to keep in mind in order to determine an efficient and targeted budget.
How to create solid forecasts for your company with the right financial planning software?
In this article, we will show you how to achieve meaningful financial planning with the right software. Four tips for an efficient process and high data quality.
Carve-outs: Meaning, practical insights, and success factors
What are the factors for a successful carve-out project? In this blog post, Ralf Pfennig, partner at KPMG in Cologne, answers all the important questions that apply in practice.
Top 3 Trends in Accounting to watch out for in 2021-2022
What was going on in the accounting industry in 2021? What will be important in 2022. All relevant aspects in this blog post.
LucaNet statement on critical vulnerability in Log4j
The German Federal Office for Information Security (BSI) warns about a security vulnerability in the widely used Java library Log4j.
ERP and financial accounting vs. professional finance software – the top 3 differences
What are the differences between ERP systems, financial accounting software, and FPM solutions? What solutions should financial decision makers use for consolidation, planning, and reporting?
Management Consolidation 101
Management or segmental consolidation helps companies gain a better understanding of their businesses. In this post, we will teach you all the tips on how to get started on management consolidation.
4 reasons why you should invest in FPM: Why FPM (3/6)
Have you heard of FPM? Are you still unsure if you should adopt an FPM solution? Here are four reasons why FPM is a great investment for your group finance team.
LucaNet 22 LTS is here and comes with lots of new features
LucaNet’s latest long-term support release is now out: LucaNet 22 LTS. This year, under a new name and with many new features.
CRO Dominik Duchon on the significance of digital transformation
A secure future – CRO Dominik Duchon explains how and in what role you can support corporate management as a CFO.
G2 Fall Report 2021: LucaNet CPM solutions awarded once again!
G2, one of the leading software review platforms in the B2B space, recognizes LucaNet as a market leader in its 2021 report ranking the best software for corporate performance management (CPM).
Top 6 Reasons Why Budget Planning in Excel Becomes Outdated
In this blog post, read what makes budget planning in Excel difficult and the benefits of using a budgeting software like LucaNet.
How Urban Sports quickly achieved consolidated financial statements
Ina Wetzel, CFO of Urban Sports, reports on her experience with the LucaNet software and explains why this tool is the key to successful consolidated financial statements and reporting.
The current role of CFOs and how they can reliably drive growth
What makes chief financial officers successful? How and why do explicitly people in this position guide their growing company safely into the future? We asked two experts who should know the answer.
How private equity companies successfully manage their portfolio companies
When investors make an acquisition, a transparent presentation of financials is important. In this article, we will share the key success factors with you.
Speed up your Financial Processes with an FPM Software – Why FPM (2/6)
Reducing the time for the financial close by 50 % - Easily done by leveraging on an FPM solution! Read in this blog post how you can easily speed up your financial processes.
Top 5 benefits of Microsoft Power BI over other solutions
With Power BI, small and big companies alike have a BI tool at their disposal to visualize data. But what are its top 5 benefits compared to other BI tools? Find out more in our blog post.
CRO Dominik Duchon: a (personal) LucaNet journey and its destination
LucaNet isn’t what it used to be 20 years ago. Our CRO Dominik Duchon lets us in on what’s new, what’s stayed the same, and what to look forward to. A must-read!
How to Incorporate Big Data Analytics into Finance
Big data has been a huge buzzword. But how does big data analytics impact finance teams and what can finance teams derive out of data analytics capabilities? Learn all about big data in this article.
BARC Planning Survey 2021: LucaNet shows why it is the top vendor for financial planning
In BARC The Planning Survey 21, LucaNet once again shines as a high-performance vendor in the field of integrated financial planning. A look at the most important results of the study.
4 reasons why you should integrate your financial processes – Why FPM (1/6)
A disconnected finance management process causes plenty of frustrations for finance teams. Here are our top 4 reasons why the integration of financial processes and systems should be a top priority.
Financial analysis: Framework and Techniques
What is financial analysis? Learn more about the framework and techniques of financial analysis in our blog post.
LucaNet is market leader in the BARC Score FPM DACH 2021 once again
LucaNet has clinched market leader in the BARC Score FPM DACH 2021 for the fourth time in a row! Learn more about the evaluation criteria and how LucaNet stands against competition in the FPM space.
Agile Controlling: Opportunities and Challenges for Organizations
What is agile controlling? How does agile controlling influence the role of controllers in their corporate functions? We describe the opportunities and challenges that it presents in the workplace.
International Women’s Day 2021 – Are equal opportunities the norm?
#ChooseToChallenge is the motto of this year´s International Women´s Day. Even 100 years after the first IWD, equal opportunities are unfortunately still not something that can be taken for granted.
Change and transformation in organizations
To ensure the success of a business, change and transformation are inevitable. Read more about change management in our interview with Silvia Heredia Minthorne de Kläner and Sabeel Asghar.
How to prepare consolidated financial statements quickly and securely
Preparing consolidated financial statements can be extremely time consuming. We show you how to make sure you present the correct figures and save time to focus on other important matters.
Intercompany reconciliation: Challenges and transformation steps
Do you struggle with gathering financial data from your subsidiaries? In this article, read about the challenges and solutions of transforming IC reconciliation.
The Controller as Data Scientist
What is up with the new role of the data scientist? How can companies benefit from it? We will tell you everything worth knowing in this blog article.
Break up with Excel: How to find the real software for life
We think life is too short for long tables. Read why you should rather rely on the real software for life and how you can fall in love with your work again thanks to LucaNet.
Next stop: LucaNet 13 LTS! Look forward to these features
We´ve published the latest long-term support release from LucaNet: LucaNet 13 LTS! In this article, we summarize the most important features for you.
LucaNet Goes East: LucaNet China Turns Ten!
Take a look back with us over the last few years as LucaNet China celebrates its ten-year anniversary! Read the blog post now!
Corona crisis: Measures for liquidity management – What CFOs have to keep in mind
What do CFOs have to keep in mind in terms of liquidity management and liquidity planning in times of corona? Read more in the blog post.
Top 3 challenges in management reporting
Modern management reporting is demanding and can be a challenge. You can find out here which mistakes you should avoid and how to get on top of your figures.
G2 names LucaNet as top CPM software 2020
G2 ranked LucaNet as a market leader in its summer 2020 rankings for best Corporate Performance Management (CPM) software. Read about the software comparison and about top rated CPM software now!
IFRS 16 vs. ASC 842
IFRS 16 vs. ASC 842: What are the differences? Read in this blog post, which key differences exist in lease accounting between IFRS 16 and ASC 842 for both lessees and lessors.
3 steps for finance to implement Power BI successfully
Implementing Power BI does not have to be hard. In this article, we will explain the 3 steps necessary to implement a successful Power BI project. Read our post to find out more!
Scenario Planning in the Coronavirus Crisis: “It Wouldn't Be Possible with Excel”
Keeping your company prepared: Carsten Erpel, Director of Finance and Administration at 3B Scientific, gives an interview on why scenario planning is important in times of corona.
Liquidity Planning in the Coronavirus Crisis: Challenges and Solutions
Why is liquidity planning so important for companies in times of the coronavirus, what mistakes should be avoided, and is Excel really the right software for the job?
Why Covid-19 provides the best opportunity for finance teams to increase performance
Read in this blog post, what opportunities work-from-home brings for finance leaders to improve their team’s performance and about the relevant tools that will help finance leaders achieve so.
Disclosure Management: Preparing Annual Reports the Efficient Way
Preparing your annual reports shouldn’t have to be a hassle. We will show you the most common challenges and how software can help you gain the upper hand when preparing your annual reports.
Corona: IASB Plans Changes to IFRS 16
The spread of the coronavirus also affects the accounting standard IFRS 16. Read which amendments to IFRS 16 the IASB is planning.
Corona: Tax relief measures for businesses
Many companies are dependent on tax relief during the corona crisis. What tax measures apply in countries where LucaNet also has business operations?
Navigating Finance during COVID-19 – What’s the pulse on the ground?
LucaNet ASEAN surveyed finance leaders on how their teams are navigating through Covid-19. Here are the key observations.
Dominik Duchon on how LucaNet is overcoming the corona crisis
Find out in our interview with Dominik Duchon, CSO at LucaNet, how LucaNet employees are coming to terms with the corona crisis and what opportunities the crisis presents.
It’s more important than ever to digitalize accounting. Here’s why.
Digital accounting offers many benefits for various companies. However, many financial professionals have still not digitalized the accounting process and rely on error-prone manual accounting.
FPM software - How to choose the right vendor
Is your finance department in crisis? More tasks, less time, increasing numbers of errors? The solution: FPM software! We have some proven tips for choosing your vendor.
LucaNet Retains Top Ranking in the 2020 BARC Score for FPM
Following the past two years, we´ve got another reason to celebrate in 2020: The BARC Score has once again named LucaNet its market leader!
SGX scraps quarterly reporting – Now’s the time for BI
SGX has officially scrapped quarterly reporting requirements for listed companies. But what does this mean for shareholders and how does Power BI come into play? Find out in our blog post!
Startups that are well prepared and have their KPIs under control clearly have an advantage
What does optimal financial reporting for successful startups look like? Luis Hanemann, former CMO at Rocket-Internet, provides some important tips.
ESEF and iXBRL – New Challenges for Financial Reporting in 2020
Digital finance reporting? With ESEF, it´s a reality. A look at changes in the law and software solutions for implementation.
LucaNet receives ISO 27001 certification
In this blog post, we talk about how LucaNet passed the certification audit according to ISO/IEC 27001 and what role security processes play.
LucaNet 12 LTS is born: Its new features are sure to optimize your financial affairs
Now that we’ve published the second long-term support release of LucaNet, join us for a summary of the key aspects.
LucaNet China – Interview with Managing Director Shiran Wang
Shiran Wang is our man on site in Shanghai. In this article he talks about what LucaNet is doing in China and what characterizes its customers there.
Succession Clarified? – Generation Change in Family Business
In this post, learn why a successful generation change in a family business is so important.
The Top 6 Questions on Handling Disclosures according to IFRS 16 with LucaNet
When it comes to handling disclosures in line with IFRS 16, LucaNet's leasing tool is a pro. Join us for a look at the key use cases.
Conceptual Framework – So, Where’s the Concept?
The IASB published the Conceptual Framework for Financial Reporting in 2018. But Carsten Theile finds himself asking - where’s the concept?
The BARC Planning Survey 19: LucaNet ranks top for its financial planning software
The BARC Planning Survey 19 confirms that LucaNet users benefit from short project lengths and reliable data integration.
Take a relaxed approach to IFRS 16 - The LucaNet leasing app, with new features
IFRS 16 - Lease accounting made easy with the new features in the LucaNet leasing app. Read more!
Economy: Less Growth – More Happiness?
Unlimited growth of an economy? More prosperity and better quality of life at the same time? Put to the test at LucaNet. Read more!
LucaNet software in Spain - Interview with Pedro Mardomingo
¡Hola! Pedro. We welcome our most recent addition to LucaNet Spain. Get to know Pedro Mardomingo and our office in Madrid.
How much accounting compliance is there at your company?
An article on accounting compliance and its status quo. What is the state of development, controlling, and IT solutions for companies? Read more!
Using controlling instruments to become master over tigers and monkeys – Sabine Kirner, Berlin Zoo
She has a handle on lions, bears, pandas, and co. Sabine Kirner is the controller at one of the most extraordinary employers in Germany - Zoologischer Garten Berlin.
The world’s most valuable chain: On blockchain and its significance for the financial system
Recent years have seen a host of trends and revolutionary developments: Globalization, Big Data, Industry 4.0, the Internet of Things, and now blockchain. What´s the secret behind it?