As a finance professional, you know that the process of financial consolidation and the preparation of consolidated financial statements presents many challenges. From collecting and validating financial data from disparate sources to dealing with multiple currencies and accounting standards. To save time and resources, and to avoid errors in the financial statements, it is critical to focus on reliability and consistency.
Lucanet Impresses with Top Rankings and Satisfied Customers in BARC's Financial Consolidation Survey
Published Mar 15, 2024 | 3 min read
Lucanet
Choosing a financial consolidation tool is not just a matter of preference, it is a strategic decision that can have a profound impact on your organization's financial integrity and operational efficiency.
This makes us all the more proud that Lucanet achieved several top rankings in the BARC Financial Consolidation Survey 24. BARC is a renowned, independent research and consulting firm. This year, for the first time, BARC published the Financial Consolidation Survey, a study that focuses on consolidation and the preparation of financial statements with software.
But what makes Lucanet stand out in the landscape of consolidation software solutions? And how can you benefit from the results of the study if you are looking for a consolidation tool yourself?
The BARC Financial Consolidation Survey and its significance
The BARC Financial Consolidation Survey 24 stands out as one of the most comprehensive and large-scale efforts to take the pulse of the financial consolidation software landscape. Between September and October 2023, more than 500 industry professionals participated in the survey and provided their feedback.
The survey delves into KPIs such as Business Benefits, Project Success, Recommendation, Customer Satisfaction, and Competitiveness. These KPIs are meticulously designed to capture the essence of what makes a financial consolidation tool effective, with a focus on clear, actionable insights. It is an invaluable resource for anyone looking to navigate the complexities of financial consolidation tools.
10 top rankings for Lucanet in the BARC study
We are proud and excited to announce that we were ranked first in ten categories and among the top three in 15 categories in the BARC study.
Particularly noteworthy are our top rankings in the categories "Ease of Use", "Project Success", "Predefined Connectors" and "Business Value". These categories reflect the special added value of Lucanet that gives us a unique position in the market: out of the box functionalities, fast implementation, ease of use and quick time to value.
Compared to other systems, Lucanet is the fastest for consolidation, easy for users to operate and easy to administer.
Head of business department of a medium-sized manufacturing company
98% of the users surveyed would recommend Lucanet to others*
For us as a company, hearing directly from our users about how our consolidation software makes their lives easier is just as rewarding as the successful ranking results. The BARC study includes numerous customer testimonials that highlight the benefits and successes of working with Lucanet, and for whom our collaboration represented a decisive turning point, as consolidation had previously been very time-consuming and complex.
This endorsement is not isolated, as reflected in the survey's findings where an overwhelming 98% of users express satisfaction with Lucanet, and a matching 98% would definitely or probably recommend it to others, showcasing its unparalleled efficacy and user approval.
You would like to learn more about Lucanet's results? Download the BARC Financial Consolidation Survey 2024 here:
Helping organizations consolidate and make data-driven decisions
Lucanet's outstanding performance in BARC's Financial Consolidation Survey is a testament to its exceptional capabilities and the trust it has earned among finance professionals worldwide. We are particularly pleased with the feedback that our software not only simplifies the consolidation process, but also empowers organizations to confidently navigate the financial landscape and make decisions that drive growth and success.
Would you like to learn more about how you can optimize your consolidation and closing processes with the help of Lucanet? Find out more here:
*Based on an aggregate of "Definitely" and "Probably".
Further information can be found at
Lucanet
Lucanet is a global software provider for financial consolidation, planning, and reporting. Our user-friendly CFO Solution Platform is designed to match the exact requirements of finance teams by providing accurate and consistent information effectively. For more than 20 years, 6,000+ customers in 50 countries have already trusted Lucanet.