What users are saying about
3 Ratings
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Score 8 out of 100
3 Ratings
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Score 8.3 out of 100

Likelihood to Recommend

Axiom Software (formerly Axiom EPM)

Axiom is ideal for organizations with multiple departments that need to collect, share, and integrate data from common internal data sources. The product is best for very large organizations with a lot of financial backing. I wouldn't suggest using Axiom if you're a small organization or only one department, for example.
Anonymous | TrustRadius Reviewer

Lucanet

Lucanet is an easy to understand consolidation tool that displays the company's PnL, balance sheets, and cash flow statement in a clear way. The software is intuitive and easy to understand. User access functionalities are good. Dashboarding, reporting, and variance analysis are limited which is a disadvantage compared to other applications who do offer more all-in-one solutions.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Axiom Software (formerly Axiom EPM)
8.5
Lucanet
7.5
Long-term financial planning
Axiom Software (formerly Axiom EPM)
9.0
Lucanet
7.0
Financial budgeting
Axiom Software (formerly Axiom EPM)
9.0
Lucanet
8.0
Forecasting
Axiom Software (formerly Axiom EPM)
8.0
Lucanet
6.0
Scenario modeling
Axiom Software (formerly Axiom EPM)
8.0
Lucanet
Management reporting
Axiom Software (formerly Axiom EPM)
Lucanet
9.0

Consolidation and Close

Axiom Software (formerly Axiom EPM)
9.7
Lucanet
8.2
Financial data consolidation
Axiom Software (formerly Axiom EPM)
10.0
Lucanet
8.0
Local and consolidated reporting
Axiom Software (formerly Axiom EPM)
9.0
Lucanet
8.0
Detailed Audit Trails
Axiom Software (formerly Axiom EPM)
10.0
Lucanet
Journal entries and reports
Axiom Software (formerly Axiom EPM)
Lucanet
8.0
Multi-currency management
Axiom Software (formerly Axiom EPM)
Lucanet
9.0
Intercompany Eliminations
Axiom Software (formerly Axiom EPM)
Lucanet
8.0

Financial Reporting and Compliance

Axiom Software (formerly Axiom EPM)
8.3
Lucanet
8.7
Financial Statement Reporting
Axiom Software (formerly Axiom EPM)
8.0
Lucanet
9.0
Management Reporting
Axiom Software (formerly Axiom EPM)
8.0
Lucanet
8.0
Excel-based Reporting
Axiom Software (formerly Axiom EPM)
9.0
Lucanet
9.0
Automated board and financial reporting
Axiom Software (formerly Axiom EPM)
8.0
Lucanet

Analytics

Axiom Software (formerly Axiom EPM)
8.7
Lucanet
6.7
Personalized dashboards
Axiom Software (formerly Axiom EPM)
9.0
Lucanet
7.0
Cost and profitability analysis
Axiom Software (formerly Axiom EPM)
8.0
Lucanet
7.0
Benchmarking with external data
Axiom Software (formerly Axiom EPM)
9.0
Lucanet
KPIs
Axiom Software (formerly Axiom EPM)
Lucanet
6.0

Integration

Axiom Software (formerly Axiom EPM)
9.0
Lucanet
9.0
Flat file integration
Axiom Software (formerly Axiom EPM)
9.0
Lucanet
9.0
Excel data integration
Axiom Software (formerly Axiom EPM)
9.0
Lucanet
9.0
Direct links to 3rd-party data sources
Axiom Software (formerly Axiom EPM)
9.0
Lucanet

Ad-hoc Reporting

Axiom Software (formerly Axiom EPM)
Lucanet
9.0
Drill-down analysis
Axiom Software (formerly Axiom EPM)
Lucanet
9.0

Pros

Axiom Software (formerly Axiom EPM)

  • Compared to a previous EPM we used, Axiom's template load and saving performance has been much better even for large plan files.
  • Axiom consultants can create completely customized reports for any of the collected data. Super users within your organization can then fairly easily modify their work to create additional reports without Axiom's help (and invoices)
  • Setting up user security is a fairly easy one-time task and very easy to maintain when people change departments, leave the organization, etc. I would recommend you use role-based security settings.
  • Compared to our previous EPM, Axiom allows more customization and possibilities for templates. There's very few "the product can't do that" statements.
Anonymous | TrustRadius Reviewer

Lucanet

  • Very intuitive interface to slice and dice the data to have a monthly, quarterly, or yearly view
  • Easy to add additional journal entries
  • Present legal consolidation structure in an intuitive way
Anonymous | TrustRadius Reviewer

Cons

Axiom Software (formerly Axiom EPM)

  • Unfortunately, Axiom only assigned two implementation consultants to our massive project and both were completely new to the product and inexperienced.
  • This isn't really a fault of Axiom, but your organization's data has to be perfect before implementing Axiom. You need a strong project manager within your organization to take the lead in working with Axiom. They should be very familiar with the source data and what's important to all your internal stakeholders. The Axiom team needs to be clearly told exactly what you need from them.
  • We never truly felt confident anyone from Axiom was really familiar with the source tables and data being used. I would suggest in any project they make that a priority early on. Not being familiar with the data caused a list of issues regarding reporting and template construction.
Anonymous | TrustRadius Reviewer

Lucanet

  • Limited dimensions to drill-down to a lower level of detail
  • Limited reporting functionality
  • We used it mainly for consolidation of actuals. As far as I know, limited functionality for variance analysis
Anonymous | TrustRadius Reviewer

Support Rating

Axiom Software (formerly Axiom EPM)

Axiom Software (formerly Axiom EPM) 7.0
Based on 2 answers
For the scale of our implementation, Axiom only assigned two consultants who were both completely new to the company. It felt like we were all learning about the product together, when you would expect them to already be experts at their own product. The team also made a good bit of mistakes throughout production and go-live, which then caused more work internally for us. The team lead for our project also just left the company, so we'll see how next year's planning goes
Anonymous | TrustRadius Reviewer

Lucanet

No score
No answers yet
No answers on this topic

Alternatives Considered

Axiom Software (formerly Axiom EPM)

Vena was a strong product, but only our department within the University used it for budgeting. The entire university chose Axiom for the increased scale and capacity. The loading and saving performance of Axiom is slightly better than Vena. Also, Axiom provides more template and report customization. Vena definitely excelled more in their support and staffing and was much cheaper (so I'm told) than Axiom
Anonymous | TrustRadius Reviewer

Lucanet

Anonymous | TrustRadius Reviewer

Return on Investment

Axiom Software (formerly Axiom EPM)

  • This is only the first year of implementation for the university, so the ROI is yet to be fully seen. For our department, which is the largest in the university, I think the ROI has been fairly high as our users have had more built-in resources within their plan files than they had previously.
Anonymous | TrustRadius Reviewer

Lucanet

  • Provides single source of truth regarding financial data
  • Affordable solution
Anonymous | TrustRadius Reviewer

Pricing Details

Axiom Software (formerly Axiom EPM)

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No

Lucanet

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

Axiom Software (formerly Axiom EPM)
7.0
Lucanet
8.0

Support Rating

Axiom Software (formerly Axiom EPM)
7.0
Lucanet

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