G2 names LucaNet as top CPM software 2020
G2, a leading software review platform, ranked LucaNet as a market leader in its Summer 2020 rankings for best Corporate Performance Management (CPM) Software. During the current Covid-19 crisis, LucaNet continues to provide value for the finance community and clinch the top ranks.
LucaNet’s ranking amongst the world’s top CPM vendors in G2’s CPM software competitive grid is credited to our consistent high customer satisfaction ratings.
Read how LucaNet became one of the best CPM companies and how exactly a top CPM tool helps your finance department.
What is a CPM software?
CPM solutions measure financial and business performance of organizations. The best CPM tools help small, medium-sized and large companies in tracking corporate business objectives and processes with the help of so-called KPIs. KPIs (or key performance indicators) are relevant to the respective corporate business strategy and encompass different categories of business metrics, such as…
- Yearly profit
- Costs per lead per channel
- Sales-accepted leads
Comparing the best CPM software
LucaNet achieved its placement as a market leader in a highly competitive grid in less than 6 months. With only organic, non-paid reviews allowed on G2, the platform aims to facilitate the purchasing process of software buyers through unfiltered, trustworthy reviews. Through G2, LucaNet has achieved a stellar customer rating of 4.8 within a short six months period. Thus, LucaNet continues to claim its position amongst the top 10 CPM software worldwide in G2.
What makes a top CPM software
LucaNet is a software built by finance, for finance. By offering a variety of solutions for finance teams including consolidation, financial planning, reporting and data collection, LucaNet helps finance teams reduce errors and mundane work in their process. LucaNet’s intelligence automation solutions allows finance users and management teams to strategically guide their business with financial numbers they can trust and are generated quickly within a few clicks.
Hear it from our users – here is a summary of the most well-loved features according to our G2 reviews:
1. Single source of truth
Your data sets the basis for decision making. For finance teams, it is important to have well-structured, error-free financial data so as to facilitate financial reporting and controlling. However, a key challenge for many group finance teams is that data is spewed across subsidiaries, all using different tools and software. Data collection itself can be a frustrating and cumbersome process. That is when LucaNet comes into play by offering a centralized repository for all your financial data.
By being the single source of truth for financial data, your finance teams no longer have to waste time writing emails and chasing for data, but instead spend time analyzing it.
2. Business processes alignment
With a top CPM software for finance, companies will be able to ensure that all departments have consistent objectives which are aligned to the goals of the overall company. Business processes alignment can be achieved in two different ways, namely the top-down and the bottom-up approach:
- Top-down approach: Overall company objectives are defined first, and the separate departments then define goals which are aligned to the overall goals of the company.
- Bottom-up approach: In contrast to the top-down approach, relevant operational as well as financial data is derived from the respective departments. Afterwards, the collected data is used to be consolidated at a company level.
3. Strategic planning
Some CPM software vendors include strategic planning in their offerings, which enables companies to create and implement long-term business plans. This not only helps with establishing new subsidiaries throughout the world, but also can be critical to drive investor decisions.
The benefits of LucaNet’s top CPM software for finance
In summary, these are some reasons why LucaNet is one of the best CPM software for finance according to G2:
- Harmonized corporate management: With our top CPM tool for finance, you will get a holistic view of your financial data.
- 100 % traceability: With one click, our CPM software for finance gives you a comprehensive view of both your internal as well as external accounting. Within our CPM tool for finance, you will find all past as well as future data used for forecasting.
- Maximum automation: Automated processes are the heart of our top CPM software for finance. Finally, focus on your day-to-day business to make the best decisions for your company.
What our customers think of LucaNet’s top CPM software for finance
“LucaNet has helped us significantly simplify our communication and data collection. Even though our group is constantly growing, we managed to reduce the time we need for intercompany reconciliation from two weeks to just three days. All in all, LucaNet has enabled us to cut the consolidation process from 10 days to one and a half.”
- Gion Pfützner, Head of Finance IT, Thai Union
Learn more about our highly-rated LucaNet software and features: