What users are saying about
1 Ratings
2 Ratings
1 Ratings
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Score 8 out of 100
2 Ratings
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Score 7 out of 100

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.
Anonymous | TrustRadius Reviewer

PowerPlan

[PowerPlan is well suited for] Any Utility who handles their own Fixed Asset Accounting and Reporting. There are very few specialized solutions in this space that can handle this out of the box. Core functionality and support with PowerPlan are excellent. If you have a firm or service that handles a portion or the majority of your Fixed Asset Accounting and Reporting than this solution is overkill and costly for what you need. There may be other options also if you have a robust internal technology team that is comfortable developing another major fixed asset solution into what you need. Cloud Hosting is also not available at this time and will likely be several releases out and be a major redesign (unstable) at first.
Ryan Payne | TrustRadius Reviewer

Feature Rating Comparison

Ad-hoc Reporting

Lucanet
9.0
PowerPlan
Drill-down analysis
Lucanet
9.0
PowerPlan

Budgeting, Planning, and Forecasting

Lucanet
7.5
PowerPlan
Long-term financial planning
Lucanet
7.0
PowerPlan
Financial budgeting
Lucanet
8.0
PowerPlan
Forecasting
Lucanet
6.0
PowerPlan
Management reporting
Lucanet
9.0
PowerPlan

Consolidation and Close

Lucanet
8.2
PowerPlan
Financial data consolidation
Lucanet
8.0
PowerPlan
Journal entries and reports
Lucanet
8.0
PowerPlan
Multi-currency management
Lucanet
9.0
PowerPlan
Intercompany Eliminations
Lucanet
8.0
PowerPlan
Local and consolidated reporting
Lucanet
8.0
PowerPlan

Financial Reporting and Compliance

Lucanet
8.7
PowerPlan
Financial Statement Reporting
Lucanet
9.0
PowerPlan
Management Reporting
Lucanet
8.0
PowerPlan
Excel-based Reporting
Lucanet
9.0
PowerPlan

Analytics

Lucanet
6.7
PowerPlan
Personalized dashboards
Lucanet
7.0
PowerPlan
KPIs
Lucanet
6.0
PowerPlan
Cost and profitability analysis
Lucanet
7.0
PowerPlan

Integration

Lucanet
9.0
PowerPlan
Flat file integration
Lucanet
9.0
PowerPlan
Excel data integration
Lucanet
9.0
PowerPlan

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
Anonymous | TrustRadius Reviewer

PowerPlan

  • Allow the use of retirement units for unitization out of the box.
  • Align with Ferc Account and Reporting Standards
  • Provide Dashboards that can be configured for different users or groups
  • Functions well in a Project Centric Accounting Environment.
Ryan Payne | TrustRadius Reviewer

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
Anonymous | TrustRadius Reviewer

PowerPlan

  • The backend technology is dated and requires specialized skills or PowerPlan assistance to develop on.
  • UI is also outdated and not as visually appealing as users are now accustomed to.
  • Reporting is basic in functionality and appearance.
Ryan Payne | TrustRadius Reviewer

Alternatives Considered

Lucanet

Anonymous | TrustRadius Reviewer

PowerPlan

Oracle Financials (E-Business Suite) is a very Robust ERP solution that has better integration, reporting and functionality than PowerPlan. It also operates on a more Robust Technology Stack. The Fixed Assets Module is a great solution but lacks support for Utility Specific features and functionality, so much so that we chose PowerPlan to take over this specific functionality while still utilizing Oracle for the Majority of our Project and other Accounting Functions.
Ryan Payne | TrustRadius Reviewer

Return on Investment

Lucanet

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

PowerPlan

  • Better Fixed Asset Reporting to Provide to Rate Commissions.
  • Allowed us to embark on a major Unitization initiative and re-design of our retirement catalog.
  • Focus the Support team on other technologies due to the stable nature and good vendor support.
Ryan Payne | TrustRadius Reviewer

Pricing Details

Lucanet

General

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

PowerPlan

General

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

Rating Summary

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