We have exciting news! Causal, the all-in-one platform for financial reporting, planning, modelling, and budgeting, is joining the Lucanet Group. The addition of Causal is the next step in our mission to help CFOs lead with ease, by adding extended planning and analysis (xP&A) capabilities into our existing suite of tools.
Lucanet enters the market for operational planning
We have been listening to our customers, and the message was clear: Companies are looking for seamless operational planning, budgeting, forecasting, and scenario planning. As a modern planning solution, Causal provides operational and strategic planning capabilities that enable businesses to streamline processes, improve collaboration, and drive informed decision making at multiple organizational levels.
Founded in London, Causal has been a key player in the FP&A sector, serving over 300 finance leaders worldwide. This addition to the Lucanet Group concludes a long search for the right partner to expand our offering in financial planning and analysis (FP&A). Causal is the only self-service FP&A product on the market, with endless use cases that go so much further than financial planning.
According to Causal’s CEO, Taimur Abdaal, "Causal was on a great trajectory as a standalone product, but after spending time with the Lucanet team, we saw the tremendous growth potential of joining forces. We're excited to join Lucanet's fantastic product suite and business, which will accelerate our go-to-market journey and let us bring Causal to thousands more customers over the coming years."
Empowering CFOs in their most mission-critical functions
Many companies still rely on spreadsheets for their financial analysis and therefore struggle to handle complex datasets and modeling requirements. By connecting financial and operational planning across all departments, businesses increase efficiency and eliminate the risk of error from manual processes.
Paul Barnhurst, The FP&A Guy, also sees the value in this move: “Causal is a third-generation planning solution that is multi-dimensional, cloud-based, requires no coding and provides its users with a modern, straightforward modeling experience. With this acquisition, Lucanet reaffirms its commitment to be a leading provider of software for the office of the CFO.”
Working with Causal over the coming months, we will transform a best-in-class FP&A solution into a market-leading xP&A solution. Our current and future customers will benefit from a unique, extended planning solution that integrates seamlessly with the other tools in our CFO Solution Platform.
Our new xP&A solution will empower organizations with a superior ability to anticipate potential issues by employing predictive rather than reactive strategies, tackling complexity with ease through real-time data insights, inter-departmental collaboration, and robust integration capabilities.
Both companies’ solutions form the perfect complement
Our CEO Elias Apel is proud to be welcoming the Causal team as the newest addition to the Lucanet Group: “This addition means that our existing users as well as future customers will benefit from a unique, extended planning solution that shares the same product DNA as Lucanet’s existing value proposition: easy and intuitive user experience, a quick-to-implement cloud solution and cutting-edge, out-of-the box functionalities – supported by natural language modeling and AI.”
We are so excited by this change and what it means for our customers. By integrating a modern, cloud-native planning solution into our offering, we are reaffirming our commitment to providing our customers with state-of-the-art SaaS technology to support operational, financial, and strategic decision-making processes.
About Causal
Causal is an all-in-one platform for financial reporting, planning, modelling, and budgeting. Causal's software has the power of an enterprise FP&A tool in a lightweight solution that can be used self-serve. The company has 100s of customers ranging from early-stage startups to public companies.
