LucaNet awarded once again: Market Leader in the 2022 BARC Score for FPM
This year, for the fifth time in a row, LucaNet has been rated Market Leader in the BARC Score for Financial Performance Management (FPM) DACH by the Business Application Research Center (BARC), an independent research and consulting institute.
For good reason, because we bring clarity to finance. LucaNet's FPM software simplifies the process of financial data collection, consolidation, and reporting, providing the perfect basis for reliable consolidated financial statements, transparent financial planning, and consistent reporting. Fast implementation, ease of use and maximum flexibility round off the comprehensive package. We are delighted that we have once again been rewarded with excellent ratings in the BARC Score FPM DACH!
How to get into the BARC Score FPM DACH
The BARC Score FPM DACH examines the market for FPM products and portfolios in the DACH region (Germany, Austria, Switzerland) and supports users in selecting a suitable FPM solution for their company. Based on a variety of different criteria from portfolio architecture to user feedback, providers are evaluated based on diverse data points from various BARC surveys and analyst reports.
In addition to a proven focus on financial performance management functionality, a provider must meet the criteria of financial planning, consolidation, operational planning and forecasting, reporting, and analysis before it can be included in the BARC Score FPM DACH. In addition, proof of a minimum annual turnover of 20 million euros and a significant number of implementations and license sales in the DACH region must be provided.
What is important for the BARC Score FPM DACH
Each provider is evaluated on the basis of two dimensions: "Portfolio Capabilities" (functional scope, portfolio architecture, integration, business user friendliness) and "Market Execution" (product strategy, financials, sales strategy, etc.). User satisfaction with BI and planning tools is also important and is incorporated in the evaluation from "The Planning Survey" and "The BI & Analytics Survey".
In the BARC study "The Planning Survey", LucaNet achieved excellent customer feedback regarding performance satisfaction, project duration, and predefined data connection. You can read all other relevant details on the structure and results in the current BARC Score FPM DACH.
Why you should also trust in LucaNet
LucaNet's FPM solution offers the following functions:
- Preparation of consolidated financial statements, financial planning, analysis, and reporting of financial data at the push of a button
- Automatic data imports from common source systems (SAP, DATEV, Microsoft Dynamics NAV, and more)
- Web-based option for data collection, including intercompany reconciliation
- Certified software (IDW PS 880) with integrated validation rules
- Planning logic and billing rules for automatic reconciliation in an integrated planning model
- See the solution overview for more information on LucaNet's portfolio.
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.