Lucanet vs Spreadsheet Solutions: Why Modern Finance Teams Are Switching

Discover how Lucanet outperforms spreadsheet solutions across every critical area - from usability and automation to scalability and innovation. Our cloud-based platform empowers finance teams with real-time insights, AI-driven forecasting, and seamless ERP integrations.

Competitor comparison

See why leading organizations are modernizing their consolidation and planning with Lucanet’s intuitive, secure, and future-ready solution.

Feature Area

Description

Lucanet

Spreadsheet

Intuitive & Accessible Interface

Lucanet offers a modern, web-based UI that’s easy for all users — from finance teams to CFOs. Legacy tools are technical, often require power users, and make reporting inefficient.

X

Fast & Automated Reporting

Generate real-time dashboards and financial statements with one click. Legacy tools rely on manual data extraction and Excel formatting.

X

Flexible ERP Integrations

Pre-built connectors for over 300 ERP systems, including SAP, Oracle, and Microsoft, plus APIs for custom setups. Legacy tools require complex or manual inte-grations.

X

Decentralized & Scalable Deployment

Lucanet supports decentralized operations, ideal for growing, multi-entity organizations. Legacy tools are rigid and are usually centrally managed.

X

Secure & Compliant Cloud Platform

Certified under ISO 27001, 27017, and 27018, and compliant with SSAE 18 SOC 1 & SOC 2 Type 2. Hosted on AWS data centres within the customer’s legal jurisdiction.

X

Automated Close & Validation

Automated carry-forwards, comprehensive consistency checks, and simplified period management. Legacy systems require manual carry-forwards and isolated closings.

X

AI-Powered Innovation

Continuous investment in AI, including predictive analytics, automation, and flux analysis via our co-pilot, keeps users ahead, while legacy tools lag behind.

X

Strong Customer Support & Roadmap

Lucanet ensures reliable customer support, rapid implementation, continuous improvements, and a transparent roadmap. Legacy platforms often face slower updates and limited vendor engagement.

X

Frequently asked questions

Lucanet delivers real-time dashboards and one-click financial statements, eliminating manual data extraction and Excel formatting required by legacy systems.

Lucanet automates consolidation processes, including intercompany eliminations, currency translation, and group adjustments, ensuring faster, more accurate, and audit-ready consolidated financials.

Yes. Lucanet includes built-in forecasting, scenario modeling, and predictive analytics, reducing reliance on spreadsheets or external tools.

Lucanet offers pre-built connectors for 300+ ERP systems, including SAP, Oracle, and Microsoft, reducing time to value through standardized, out-of-the-box connectors.

Absolutely. Lucanet is ISO 27001, 27017, and 27018 certified, SOC 1 & SOC 2 Type 2 compliant, and hosted on AWS within the customer’s legal jurisdiction.

Lucanet is architected to seamlessly handle multi-entity and decentralized finance landscapes through: entity-level role security, scalable, cloud-native design, flexible reporting across decentralized structures.

Lucanet invests in AI-driven forecasting, automation, and flux analysis through its co-pilot, helping finance teams make smarter, faster decisions.

Organizations move to Lucanet for its intuitive interface, automation, advanced analytics, strong security, and continuous innovation - capabilities legacy tools lack.

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