G2 names LucaNet as top CPM software 2020
G2, a leading software review platform, ranked LucaNet as a market leader in its Summer 2020 rankings for best Corporate Performance Management (CPM) software. Earlier in 2020, LucaNet was a “Top Performer” on G2’s competitive grid for CPM and despite the Covid-19 crisis, LucaNet’s rankings continued to improve.
In summer 2020, LucaNet found its place among the world’s top CPM vendors in the G2’s CPM software competitive grid. This feat is thanks to the high satisfaction ratings LucaNet has received from its customers.
Read how LucaNet became one of the best CPM companies and how exactly a top CPM tool helps your finance department.
What is a CPM software?
CPM solutions measure financial and business performance of organizations. The best CPM tools help small, medium-sized and large companies in tracking corporate business objectives and processes with the help of so-called KPIs. KPIs (or key performance indicators) are relevant to the respective corporate business strategy and encompass different categories of business metrics, such as…
- Yearly profit
- Costs per lead per channel
- Sales-accepted leads
Comparing the best CPM software
LucaNet achieved its placement as a market leader in a highly competitive grid in less than 6 months. LucaNet’s customer ratings are resulting in a 4.8 score. Therefore, LucaNet appears very high – in the top 10 – in G2 search results.
G2 aims at delivering unbiased reviews for a variety of high-performing software to facilitate the business technology purchasing process. Consequently, paid placements in any of their ratings, rankings or reports is not allowed.
With its headquarters in Chicago, G2 revolutionizes the way business discover, purchase as well as manage software and services. With several million visitors a month, G2 helps buyers to read unfiltered and unbiased reviews as well as sellers to get their software or service in front of millions of monthly buyers.
How a top CPM software helps your finance department
LucaNet’s top-ranked CPM software for finance offers everything for your finance teams. Financial consolidation, financial planning, reporting and data collection are all error-prone processes which LucaNet’s CPM tool for finance easily automates all relevant processes and therefore helps you make the right decisions for your company.
Only the best CPM software for finance can help your company to achieve top results. These are three of the most important benefits of a CPM tool according to G2:
1. Single source of truth
One of the most important steps for making efficient decisions as well as guaranteed error-free reporting and controlling is to have access to well-structured information. However, if you have information distributed across several systems and your subsidiaries use a variety of tools and software, then it is necessary to have a central repository for all your data.
Having one central database in place, will allow your finance teams to spend less time in gathering data and more in using the time to analyze it.
2. Business processes alignment
With a top CPM software for finance, companies will be able to ensure that all departments have consistent objectives which are aligned to the goals of the overall company. Business processes alignment can be achieved in two different ways, namely the top-down and the bottom-up approach, which are explained as follows.
- Top-down approach: Overall company objectives are defined first and the separate departments then define goals which are aligned to the overall goals of the company.
- Bottom-up approach: In contrast to the top-down approach, relevant operational as well as financial data is derived from the respective departments. Afterwards, the collected data is used to be consolidated at a company level.
3. Strategic planning
Some CPM software vendors include strategic planning in their offerings, which enables companies to create and implement long-term business plans. This not only helps with establishing new subsidiaries throughout the world, but also can be critical to drive investor decisions.
The benefits of LucaNet’s top CPM software for finance
These are some of the reasons for why LucaNet is one of the best CPM software for finance according to G2:
- Harmonized corporate management: With our top CPM tool for finance, you will get a holistic view of your financial data.
- 100 % traceability: With one click, our CPM software for finance gives you a comprehensive view of both your internal as well as external accounting. Within our CPM tool for finance, you will find all past as well as future data used for forecasting.
- Maximum automation: Automated processes are the heart of our top CPM software for finance. Finally, focus on your day-to-day business to make the best decisions for your company.
What our customers think of LucaNet’s top CPM software for finance
“I’m very impressed with LucaNet as a product. 90% of what I’ve done, I have been able to figure out myself. The reporting capabilities are excellent, and, in my opinion, the end result is world-class reporting capability.”
- Mark Pritchard, Chief Financial Officer Data-Mail, Inc.
If you are interested in LucaNet, read more about our software solutions on our overview page: