LucaNet awarded again in 2023: Market Leader in the BARC Score FPM DACH
It makes us proud and happy that Business Application Research Center (BARC), an independent research and consulting company, rated LucaNet as Market Leader for Financial Performance Management (FPM) DACH six years in a row.
For good reason! Our Corporate Performance Management platform for Finance is a ready-to-use software for consolidation, planning, and reporting that helps simplify finance operations and day-to-day business. With maximum data transparency we empower more than 5,000 finance teams worldwide to turn data into decisions, ensure accuracy and deliver financial confidence. Fast implementation, ease of use and maximum flexibility round off the comprehensive package.
BARC Score FPM DACH: what it is all about
The BARC Score FPM DACH examines the market for FPM products and portfolios in the DACH region (Germany, Austria, Switzerland) and supports users in selecting a suitable FPM solution for their company. Vendors are evaluated based on countless data points collected from various BARC surveys and analyst interactions, including portfolio capabilities, architecture, sales strategy, financial performance, and customer feedback.
There are two categories of inclusion criteria for this BARC score. The first is associated with a provider's products and portfolios, the second with the financial results of those products.
BARC Score FPM DACH: how to get in
To qualify for the BARC Score FPM DACH, a provider must have a proven focus on delivering FPM functionality and offer at least four out of the following five technologies in an industry and use-case independent solution: financial planning, financial consolidation, operational planning and forecasting, reporting, and analysis. Furthermore, a provider must generate a minimum of 25 million EUR in (software) revenue per year with the evaluated product set in the BARC Score, spread across Europe and at least two additional geographies. And the product set must have a significant number of implementations and license or subscription revenues in the DACH region.
BARC Score FPM DACH: what we were awarded for
- Business-user-oriented and certified (IDW PS 880) CPM platform for integrated financial management of individual subsidiaries or at group level based on a proprietary multidimensional database
- Integrated financial management capabilities with extensive predefined business rules. CPM platform (particularly for consolidation and close) with complementary and tightly integrated financial planning functionality.
- Supplementary prebuilt but adaptable apps for financial solutions (e.g., IFRS 16) and industry solutions.
- In BARC’s ‘The Planning Survey’, LucaNet achieved excellent customer feedback for the business value it provides, customer satisfaction, planning content, financial consolidation functionality as well as predefined data connectivity and data integration.
- Strong collection of 300+ connectors to ERP and financial accounting systems with semantic support including drill-down functionality (e.g., SAP ERP, SAP S/4HANA, Microsoft Dynamics, DATEV, Sage, etc.)
Why users love LucaNet´s CPM software for Finance
Visit our solutions page and explore how you too can achieve valid financial data for audit-compliant consolidated financial statements, meaningful financial planning and reliable reporting in no time at all.