Welcome to the LucaNet Blog
Here, employees of the LucaNet family and guest authors blog on all relevant topics that move us as a financial performance management software provider, ranging from news out of the accounting world to trends and developments in the professional world to stories of our customers and colleagues alike.
Top 3 Trends in Accounting to watch out for in 2021-2022
What was going on in the accounting industry in 2021? What will be important in 2022. All relevant aspects in this blog post.
The top 5 advantages of a professional disclosure management software
How can we make the disclosure management process more efficient? What are the advantages of software solutions for the preparation of annual reports? Read now!
Why FPM: (4/6): 10 ways to make your financial processes more reliable
The continuous optimisation of financial processes should be a constant variable in every Finance department. But how do you achieve this goal? We’ve got 10 valuable tips for you – read on to find out
LucaNet awarded once again: Market Leader in the 2022 BARC Score for FPM
LucaNet has been ranked as a Market Leader in the BARC Score FPM DACH 2022 for the fifth time in a row. Read now!
Breaking down the key differences between UK GAAP and IFRS
When it comes to financial reporting in line with the new GAAP or IFRS, LucaNet's FPM software is a breeze. Join us to find out more.
Carve-outs: Meaning, practical insights and success factors
What are the factors for a successful carve-out project? In this blog post, Ralf Pfennig, partner at KPMG in Cologne, answers all the important questions that apply in practice.
What is Record to Report? Processes and Best Practice in Financial Consolidation
Are you dreading another financial closing? Are you facing challenges and the enormous effort required during the consolidation process? Learn more about 'Record to Report' process from our blog.
Management Consolidation 101
Management or segmental consolidation helps companies gain a better understanding of their businesses. In this post, we will teach you all the tips on how to get started on management consolidation.
CRO Dominik Duchon on the significance of digital transformation
A secure future – CRO Dominik Duchon explains how and in what role you can support corporate management as a CFO.
ESG Reporting: the Journey to International Reporting Directive
Starting out as an investment index and turning into reporting standard. How and why has ESG reporting become so popular?
9 important aspects for the optimisation of your reporting
High quality financial information is the key to successfully managing a company. Below we will explain how to create a meaningful reporting that will facilitate the decision-making process.
6 popular questions on disclosures according to IFRS 16 with LucaNet
When it comes to handling disclosures in line with IFRS 16, LucaNet's leasing tool is a pro. Join us for a look at the key use cases.
7 important questions for determining the budget
Are you currently in the process of determining your annual budget? In this article, we will share the most important aspects to keep in mind in order to determine an efficient and targeted budget.
How to create solid forecasts with a financial planning software?
In this article, we will show you how to achieve meaningful financial planning with the right software. Four tips for an efficient process and high data quality.
How Urban Sports quickly achieved consolidated financial statements
Fit for financial consolidation: Ina Wetzel, CFO of Urban Sports, reports on her experience and explains why LucaNet is the key to successful consolidated financial statements and reporting.
LucaNet 22 LTS is here and comes with lots of new features
LucaNet’s latest long-term support release is now out: LucaNet 22 LTS. This year, under a new name and with many new features.
G2 Fall Report 2021: LucaNet CPM solutions awarded once again!
G2, one of the software leading review platforms in the B2B space, recognises LucaNet as a market leader in its 2021 report ranking the best software for corporate performance management (CPM).
How CFOs and finance managers optimise the financial consolidation
Fast and efficient consolidation is easier than you think. We show CFOs and finance managers how they can easily optimise the financial consolidation.
CRO Dominik Duchon: a (personal) LucaNet journey and its destination
LucaNet isn’t what it used to be 20 years ago. Our CRO Dominik Duchon lets us in on what’s new, what’s stayed the same and what to look forward to. A must-read!
ERP and financial accounting vs. finance software – top 3 differences
What are the differences between ERP systems, financial accounting software and FPM solutions? What solutions should financial decision makers use for consolidation, planning and reporting?
Power BI: Top 5 benefits of the BI tool
With Power BI, small and big companies alike have a BI tool at their disposal to visualize data. But what are its top 5 benefits compared to other BI tools? Find out more in our blog post.
The current role of CFOs and how they can reliably drive growth
What makes chief financial officers successful? How and why do explicitly people in this position guide their growing company safely into the future? We asked two experts who should know the answer.
Why FPM (3/6): 4 Reasons why you should invest in FPM
Have you heard of FPM? Are you still unsure if you should adopt an FPM solution? Here are four reasons why FPM is a great investment for your group finance team.
BARC Planning Survey 2021: Top vendor for financial planning is LucaNet
In BARC The Planning Survey 21, LucaNet once again shines as a high-performance vendor in the field of integrated financial planning. A look at the most important results of the study.
Why FPM (2/6): Speed up your Financial Processes with an FPM Software
Reducing the time for the financial close by 50 % - Easily done by leveraging on an FPM solution! Read in this blog post how you can easily speed up your financial processes.
How Can Finance Professionals Stay Relevant in 2021
Change is the only constant and accountants have to adapt to stay relevant. Here is our list of skills and courses that would help finance professionals take actionable steps to stay relevant.
Why FPM (1/6): 4 reasons to integrate your financial processes
A disconnected finance management process causes plenty of frustrations for finance teams. Here are our top 4 reasons why the integration of financial processes and systems should be a top priority.
Top 6 Reasons Why Budget Planning in Excel is Becoming Outdated
In this blog post, read what makes budget planning in Excel difficult and the benefits of using a budgeting software like LucaNet.
LucaNet is market leader in the BARC Score FPM DACH 2021 once again
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.
How to Incorporate Big Data Analytics into Finance
Big data has been a huge buzzword. But how does big data analytics impact finance teams and what can finance teams derive out of data analytics capabilities? Learn all about big data in this article.
Agile controlling: Opportunities and challenges for organisations
What is agile controlling? How does agile controlling influence the role of FP&A Managers in their corporate functions? We describe the opportunities and challenges that it presents in the workplace.
On the need to be agile
Especially in times of corona, companies need to learn on how to be agile. Read what agility means and how the term came to be.
Financial analysis: Framework and Techniques
What is financial analysis? Learn more about the framework and techniques of financial analysis in our blog post.
How to Prepare Annual Reports Efficiently in 2021
Preparing your annual reports shouldn’t have to be a hassle. We will show you the most common challenges and how software can help you gain the upper hand when preparing your annual reports in 2021.
The FP&A Manager as Data Scientist
What is up with the new role of the data scientist? How can companies benefit from it? We will tell you everything worth knowing in this blog article.
ASC 842 solution: How to master the challenges and achieve compliance
How do you achieve compliance with ASC 842 easily? Read our blog post to find out about the challenges and solutions of the leasing standard.
The benefits of an ASC 842
ASC 842 Leases significantly changes the requirements for lease accounting by lessees. Read this blog post for a concise overview of the key changes under ASC 842.
How to create the perfect intercompany reconciliation process
Do you struggle with gathering financial data from your subsidiaries? In this article, read about the challenges and solutions of transforming IC reconciliation.
Next stop: LucaNet 13 LTS! Look forward to these features
We´ve published the latest long-term support release from LucaNet: LucaNet 13 LTS! In this article, we summarize the most important features for you.
Covid crisis: Measures for liquidity management – implications for CFOs
What do CFOs have to keep in mind in terms of liquidity management and liquidity planning in times of corona? Read more in the blog post.
How much accounting compliance is there at your company?
An article on accounting compliance and its status quo. What is the state of development, controlling, and IT solutions for companies? Read more!
Break up with Excel: How to find the real software for life
We think life is too short for long tables. Read why you should rather rely on the real software for life and how you can fall in love with your work again thanks to LucaNet.
How to stay ahead of the game with top tips on financial KPIs for startups
What does optimal financial reporting for successful startups look like? Luis Hanemann, former CMO at Rocket-Internet, provides some important tips.
Top 3 challenges in management reporting
Modern management reporting is demanding and can be a challenge. You can find out here which mistakes you should avoid and how to get on top of your figures.
Succession Clarified? – Generation Change in Family Business
In this post, learn why a successful generation change in a family business is so important.
Navigating through corona with integrated financial planning
Read what the coronavirus means for companies and their integrated financial planning in our interview with René Labahn, Manager for Finance, Restructuring, and Digitization at comes.
Navigating Finance during COVID-19 – What’s the pulse on the ground?
LucaNet ASEAN surveyed finance leaders on how their teams are navigating through Covid-19. Here are the key observations.
LucaNet receives ISO 27001 certification
In this blog post, we talk about how LucaNet passed the certification audit according to ISO/IEC 27001 and what role security processes play.
3 simple steps for successful Power BI Implementation in finance
Implementing Power BI does not have to be hard. We show you the 3 steps necessary to implement a Power BI project successfully. Read our blog post now!
FPM software – How it benefits you and tips for choosing a vendor
Is your finance department in crisis? More tasks, less time, increasing numbers of errors? The solution: FPM software! We have some proven tips for choosing your vendor.
Economy: Less Growth – More Happiness?
Unlimited growth of an economy? More prosperity and better quality of life at the same time? Put to the test at LucaNet. Read more!
G2 names LucaNet as top CPM software 2020
G2 ranked LucaNet as a market leader in its summer 2020 rankings for best Corporate Performance Management (CPM) software. Read about the software comparison.
Liquidity planning in times of corona: Challenges and solutions
Why is liquidity planning so important for companies in times of the coronavirus, what mistakes should be avoided, and is Excel really the right software for the job?
Corona: Tax relief measures for businesses
Many companies are dependent on tax relief during the corona crisis. What tax measures apply in countries where LucaNet also has business operations?
How LucaNet is overcoming the pandemic – interview with Dominik Duchon
Find out in our interview with Dominik Duchon, CSO at LucaNet, how LucaNet employees are coming to terms with the corona crisis and what opportunities the crisis presents.
Why Corona can increase performance of your finance team
Read in this blog post, what opportunities work-from-home brings for finance leaders to improve their team’s performance and about the relevant tools that will help finance leaders achieve so.
Scenario planning during covid: “It wouldn't be possible with Excel”
Keeping your company prepared: Carsten Erpel, Director of Finance and Administration at 3B Scientific, gives an interview on why scenario planning is important in times of corona.