LucaNet Retains Top Ranking in the 2020 BARC Score for FPM
Another year, another chance for LucaNet to affirm its leading position in the DACH region: For the third time in a row, the market analysts at BARC have recognized the Berlin-based provider of Financial Performance Management software and consulting as the Financial Performance Management DACH Market Leader 2020.
“We’re thrilled to receive such high acclaim for our work,” says LucaNet CSO Dominik Duchon. “Being named the FPM market leader is something truly special because some of the underlying evaluation criteria are exactly the same as the quality standards we set for ourselves. They include maintaining the highest possible customer satisfaction, aligning our products with the market's current requirements, and combining them with a high degree of innovation.”
According to BARC, LucaNet retained its leading status thanks in large part to the many predefined business rules it offers for financial management, which are reflected in the way it integrates financial planning and consolidation and includes a large number of ready-to-use interfaces to all the common source systems. The outstanding feedback it received from customers in The Planning Survey 19 with regard to software performance, project duration, technical and specialist support, and the value its product offers for the money added further weight to LucaNet's case.
FPM has gained importance for more and more companies in recent years. Since 2018, the analysts at Würzburg’s BARC have followed suit by compiling a separate score for Financial Performance Management. But what exactly does this term mean, and how does it differ from CPM?
A simple explanation: How is FPM different from CPM?
Corporate Performance Management (CPM) and Financial Performance Management (FPM) both involve management processes that help companies manage and monitor their output. CPM is a term that describes all the procedures that relate to a company's established strategy. FPM, on the other hand, focuses specifically on a company's financial figures while combining its financial and strategic data to improve its planning and decision-making. In the process, the company relies on a single application to handle the core tasks of its financial department – financial consolidation, planning, reporting, and analysis, for example.
LucaNet was once again named the FPM market leader in the 2020 BARC Score. Check out the analysts report now!
Why every company can benefit from FPM
Companies feel the effects of volatile markets and their ramifications every single day. That makes it all the more important to have a solution you can count on to deliver valid and meaningful financial data. FPM software gives financial managers the foundation they need to make sound decisions and guide their companies’ long-term fortunes.
Regardless of your company's size and industry, your own finance specialists are sure to profit from these advantages:
- Noticeable workload reduction throughout your financial team
- Holistic view of your financial data
- Transparent basis of data for well-founded strategic business decisions
- Faster access to validated information
- More time for analyses that will truly help your company get ahead
What makes LucaNet’s FPM solution so unique
LucaNet was developed by financial experts for financial experts. From controllers and group accountants all the way up to CFOs, LucaNet's software for Financial Performance Management enables finance teams to keep a constant eye on all their key figures – and better yet, it's all available at the press of a button. Meanwhile, fully automated processes keep errors to a minimum.
- From financial experts, for financial experts
- Consolidated financial statements, financial planning, reporting, and analysis in a single solution
- Simple data transfers from all the common ERP and accounting systems thanks to 200 ready-to-use interfaces
- Web-based option for data collection, including intercompany reconciliation
- Certified data model with integrated validation rules
- Comes with planning logic and accounting rules for automatic reconciliation in an integrated planning model
For more information on the market analyses conducted by the Business Application Research Center, please refer to the BARC website.