Lucanet vs. Planful

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Lucanet
Score 7.8 out of 10
N/A
LucaNet has been synonymous with intelligent software solutions and professional expertise in consolidated financial statements and controlling since 1999. Our aim is to simplify your day-to-day processes with our financial performance management software. No matter the size of your company and what industry you operate in, we can provide you with a tailored solution. Over 2,000 customers in more than 50 countries are already profiting from our user-friendly software and professional consulting.N/A
Planful
Score 8.5 out of 10
Enterprise companies (1,001+ employees)
Planful is a cloud-based enterprise performance management (EPM) suite. It includes financial applications for modeling, planning, consolidation, reporting and analytics.N/A
Pricing
LucanetPlanful
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
LucanetPlanful
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
LucanetPlanful
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Lucanet
9.0
1 Ratings
8% above category average
Planful
7.9
59 Ratings
5% below category average
Drill-down analysis9.01 Ratings8.657 Ratings
Formatting capabilities00 Ratings7.258 Ratings
Report sharing and collaboration00 Ratings7.854 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Lucanet
7.5
1 Ratings
10% below category average
Planful
8.7
106 Ratings
4% above category average
Long-term financial planning7.01 Ratings8.793 Ratings
Financial budgeting8.01 Ratings9.0105 Ratings
Forecasting6.01 Ratings8.798 Ratings
Management reporting9.01 Ratings9.1102 Ratings
Scenario modeling00 Ratings8.085 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Lucanet
8.2
1 Ratings
1% above category average
Planful
7.6
79 Ratings
6% below category average
Financial data consolidation8.01 Ratings9.671 Ratings
Journal entries and reports8.01 Ratings8.454 Ratings
Multi-currency management9.01 Ratings8.047 Ratings
Intercompany Eliminations8.01 Ratings7.646 Ratings
Local and consolidated reporting8.01 Ratings7.557 Ratings
Minority Ownership00 Ratings4.523 Ratings
Detailed Audit Trails00 Ratings7.856 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Lucanet
8.7
1 Ratings
5% above category average
Planful
8.1
106 Ratings
2% below category average
Financial Statement Reporting9.01 Ratings8.589 Ratings
Management Reporting8.01 Ratings9.199 Ratings
Excel-based Reporting9.01 Ratings8.398 Ratings
Automated board and financial reporting00 Ratings7.672 Ratings
XBRL support for regulatory filing00 Ratings7.13 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Lucanet
6.7
1 Ratings
18% below category average
Planful
7.2
61 Ratings
11% below category average
Personalized dashboards7.01 Ratings7.553 Ratings
KPIs6.01 Ratings8.540 Ratings
Cost and profitability analysis7.01 Ratings9.441 Ratings
Color-coded scorecards00 Ratings7.231 Ratings
Key Performance Indicator setting00 Ratings7.431 Ratings
Benchmarking with external data00 Ratings3.18 Ratings
Integration
Comparison of Integration features of Product A and Product B
Lucanet
9.0
1 Ratings
8% above category average
Planful
7.8
97 Ratings
7% below category average
Flat file integration9.01 Ratings9.669 Ratings
Excel data integration9.01 Ratings7.789 Ratings
Direct links to 3rd-party data sources00 Ratings5.964 Ratings
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Lucanet
-
Ratings
Planful
7.8
32 Ratings
3% below category average
Pixel Perfect reports00 Ratings8.414 Ratings
Customizable dashboards00 Ratings7.428 Ratings
Report Formatting Templates00 Ratings7.626 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Lucanet
-
Ratings
Planful
7.5
47 Ratings
9% below category average
Publish to Web00 Ratings7.112 Ratings
Publish to PDF00 Ratings7.843 Ratings
Report Versioning00 Ratings6.027 Ratings
Report Delivery Scheduling00 Ratings9.230 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Lucanet
-
Ratings
Planful
6.3
22 Ratings
19% below category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings6.215 Ratings
Predictive Analytics00 Ratings6.518 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Lucanet
-
Ratings
Planful
9.1
58 Ratings
4% above category average
Multi-User Support (named login)00 Ratings9.652 Ratings
Role-Based Security Model00 Ratings8.950 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings8.951 Ratings
Report-Level Access Control00 Ratings8.09 Ratings
Single Sign-On (SSO)00 Ratings9.943 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Lucanet
-
Ratings
Planful
7.4
25 Ratings
8% below category average
Responsive Design for Web Access00 Ratings7.423 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings7.515 Ratings
Best Alternatives
LucanetPlanful
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
LucanetPlanful
Likelihood to Recommend
8.0
(1 ratings)
8.7
(115 ratings)
Likelihood to Renew
-
(0 ratings)
8.3
(18 ratings)
Usability
-
(0 ratings)
8.2
(17 ratings)
Availability
-
(0 ratings)
8.2
(4 ratings)
Performance
-
(0 ratings)
7.7
(2 ratings)
Support Rating
-
(0 ratings)
7.8
(18 ratings)
In-Person Training
-
(0 ratings)
6.4
(2 ratings)
Online Training
-
(0 ratings)
8.2
(1 ratings)
Implementation Rating
-
(0 ratings)
2.3
(7 ratings)
Configurability
-
(0 ratings)
8.2
(2 ratings)
Ease of integration
-
(0 ratings)
5.5
(1 ratings)
Product Scalability
-
(0 ratings)
8.2
(2 ratings)
Vendor post-sale
-
(0 ratings)
7.8
(3 ratings)
Vendor pre-sale
-
(0 ratings)
9.1
(1 ratings)
User Testimonials
LucanetPlanful
Likelihood to Recommend
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.
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Planful
Planful makes it very easy to roll forward forecasts and conduct scenario analyses. I'm also a big fan of their reporting and how easy it is to distribute a report burst to satisfy all the needs and questions of our SLT. Lastly, their latest developments in the AI space make it easy to quickly identify outlier projections.
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Pros
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
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Planful
  • Creating forecasts for the month, quarter, and year
  • Creating new variables by using variables pre-defined and that are new in the system
  • Having a very simple setup in the reports section - not straying away from the old Excel model which most people are used to. I can speak for a lot of people when I say that tools that look new can easily be frightening! 😅
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Cons
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
Read full review
Planful
  • Multiple currency calculations/ consolidations support IFRS accounting
  • Ability to inactivate old data dimensions
  • Reporting - Need ability to expand all/collapse all lines easily
  • Reporting - Formula exceptions added to a report do not update when information is revised.
  • Automatic Sandbox refreshes initiated by Planful - When Planful does an automatic refresh of the sandbox environment, it copies any Boomi/integration connections.
  • Limited to 8 data dimensions in core application
  • Add more API connectors to make data integration easier
  • ability to transfer sandbox tests to production environment
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Likelihood to Renew
Lucanet
No answers on this topic
Planful
Our new Comptroller understands the value of Planful, and we plan to utilize it further in the organization to enhance external reporting. Strangely enough, Planful had not previously been embraced by the former CFO, who argued that we were running two sets of books (of course, we were not). Fortunately, the before mentioned reconciliation of EBITDA to Net Income demonstrated that to the banks.
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Usability
Lucanet
No answers on this topic
Planful
Planful is very easy to use for end users. The budget templates can be customized to meet the business needs. They just released business user experience functionality which you to take a complicated budget template and filter it down to meet departmental needs to avoid sending more lines than needed
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Reliability and Availability
Lucanet
No answers on this topic
Planful
I only give a 9 rating rather than a 10 rating because it seems that every day around 2pm we see a slowdown in the use of Planful. I have requested our internal IT department verify that it is not an internal issue and have been assured it is the tool. We have not yet reached out to Planful to do extensive research to solve this issue.
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Performance
Lucanet
No answers on this topic
Planful
Again, the system is very reliable and, for the most part, runs very quick and smooth. When running larger queries, it does take some time, and during budgeting season our users experienced slower loading times, but nothing that raises concerns outside of normal network issues. Occasionally, as with any software we use, it will crash and you have to restart, but that does not happen very often.
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Support Rating
Lucanet
No answers on this topic
Planful
Sometimes we get great help when using Planful's support team and other times we don't. In particular, there is one person that often responds to our support tickets who is less than helpful, hence the reason for the 5 out of 10 rating. As a result, most of the time we reach out to our Planful consulting group as they provide faster and better support
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In-Person Training
Lucanet
No answers on this topic
Planful
We got little training on the tool after implementation. Did a lot of "trial by fire" learning about Planful. I don't think RSM really provided us all the details we needed to understand the tool and to know what we needed to train on. I don't know we knew enough about the tool to even ask the right questions and then they left and we used Planful support a lot.
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Online Training
Lucanet
No answers on this topic
Planful
A few years ago I participated in a lot of their online learning. Their references have grown over the years and continue to get better and better. We use it throughout the year to update the information we hold internally for documentation and to educate ourselves on all of the new release notes and features within Planful.
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Implementation Rating
Lucanet
No answers on this topic
Planful
After going through the initial implementation with Host Analytics and a re-implementation with Cervello (due to an ERP change, not due to a poor initial implementation), I've learned that you really must rely on your internal staff to bear most of the implementation burden. Use the vendor or partners for ideas and best-practice suggestions, and some of the easy-but-time-consuming work. Since you will ultimately be using and maintaining the application, you should be able to do most of it yourself.
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Alternatives Considered
Lucanet
Read full review
Planful
Planful seems to do a better job of pulling things in a format that is more understandable to an accounting-minded person, whereas the other platforms seem more focused on operations. From a detail perspective, Planful provides more powerful and complete data, in my experience. When using a platform for financial planning and budgeting, the details are critical and the ability to match the GL structure and pull full P&L data has been a big improvement from Qlik, which we used previously.
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Scalability
Lucanet
No answers on this topic
Planful
I give this rating simply because I have first-hand knowledge of the scalability of Planful when working across departments in our company that use different financial systems. We have one team on InEight and another using SAP. When we implemented it, we only customized the system to accommodate one of these financial platforms, but when we considered expanding the use of Planful to other departments, we were able to make the necessary adjustments to accommodate our needs.
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Return on Investment
Lucanet
  • Provides single source of truth regarding financial data
  • Affordable solution
Read full review
Planful
  • We have saved a large amount of time on reports that we previously manually compiled in Excel via MS Dynamics. Planful was linked to Dynamics through automatically scheduled DLR's, reports were created, and now our manual processes are as simple as accessing and refreshing a report.
  • Dashboards have improved our budgeting process specifically with our production leaders as they can visualize their P&L's, their current actuals, current budget, and see where they are forecasting with their proposed budget for the next year
  • With the use of templates, structured planning, and the Simulation Engine, it has added a lot of value and automation to our annual budget process, allowing for plug-and-play type data loading and viewing various scenarios easily
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ScreenShots

Planful Screenshots

Screenshot of Planful Planform DashboardScreenshot of Planful for FinanceScreenshot of Planful for MarketingScreenshot of ReportsScreenshot of Capacity Planning TemplateScreenshot of Integrations