The story of LucaNet

What made us who we are today

Our story begins with two young students who meet while studying business management in Ingolstadt. Even early on, both dream of one day founding their own company. Though they go their own separate ways after graduating, their jobs—one in the finance department, the other a financial auditor—soon lead them to realize that the systems available on the market fail to meet the needs of controlling and consolidation departments at midsize companies and large corporate groups. Rolf-Jürgen Moll and Oliver Schmitz thus decided to strike out on their own in 1999 with the revolutionary vision of creating a software solution that would combine planning, controlling, and consolidation in one software tool without the need to switch between media and eliminating the effort required for coordination. Besides being intuitive, the solution would need to deliver validated figures whenever required. In other words: They wanted it to simplify all the processes in finance.

LucaNet company brochure

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lucanet management board
Executive Board of LucaNet AG: Alexander Domene, Dominik Duchon, Elena Aubell and Oliver Schmitz

Their vision became a reality. The software proved to be successful, which led to more customers, employees, and revenue. LucaNet's Executive Board grew as well. In 2010, the duo became a trio following the addition of Dominik Duchon, who had been at the company since 2005.

LucaNet has also enjoyed great success on the international stage. Over the years, locations and partners around the world have joined the LucaNet ranks. In 2020, LucaNet grew to over 500 employees with more than 2,900 customers in 50 countries working with LucaNet’s all-in-one solution for consolidation, planning, reporting, and analysis.

New challenges and major growth always mean change. And we are ready for the next big leap. The year 2021 begins with a breath of fresh air in the boardroom at LucaNet. Elena Aubell and Alexander Domene have been appointed to the Executive Board. Both are deeply rooted in LucaNet’s path to success.

Together with Dominik Duchon and Oliver Schmitz, it is their task to make LucaNet strong for the future and to accompany the company on its journey from once being a small software company to becoming a global enterprise. Always with the aspiration to offer financial experts the best solution and excellent service.

While we’ve come a long way over the last few years, our main goal is still off in the distance. The constant effort to discover new ways to make established ideas just a bit more clever takes courage, creativity, and a desire to innovate. Driven by our impulse to keep getting better at what we do, we're always working to improve our software solutions and services on behalf of our customers, partners, and employees. After all, only those who stay curious are capable of creating something new.

So where does our name come from?

Around 500 years ago lived a man who was incredibly influential but remains a relatively unknown figure of the Renaissance: Luca Pacioli.

He was a Franciscan friar who wrote a book that was destined to have far-reaching effects on the world of commerce. Known now simply as the Summa, the tome’s full title is Summa de arithmetica, geometria, proportioni et proportionalita (or “Summary of arithmetic, geometry, proportions, and proportionality”). A rather small section comprising just 27 pages has since become the most influential part of the Summa. In it, Pacioli explains the “Venetian method” of double-entry accounting, taking a company founded by a young merchant in Venice as an example. This type of accounting – which involves an inventory, balance sheet, and profit and loss statement – remains the global standard to this day. With our company name, we wish to pay a small tribute to Luca Pacioli and his work.

 

The Italian Franciscan monk Luca Pacioli on a euro coin
500 Lire coin with the Italian Franciscan monk Luca Pacioli
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