What users are saying about
1 Ratings
14 Ratings
1 Ratings
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Score 8 out of 100
14 Ratings
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Score 4.8 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

Synoptix

It is excellent if set up well, and users are well trained on how to use it as it is not very user-friendly. But to achieve that, you have to go through the hell of a setup. Support is not knowledgeable in some areas of the software, it is tough to set up and install, and when presented by salespeople, it is all great, but you need to invest a lot to pay it off.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Ad-hoc Reporting

Lucanet
9.0
Synoptix
Drill-down analysis
Lucanet
9.0
Synoptix

Budgeting, Planning, and Forecasting

Lucanet
7.5
Synoptix
6.0
Long-term financial planning
Lucanet
7.0
Synoptix
5.0
Financial budgeting
Lucanet
8.0
Synoptix
5.0
Forecasting
Lucanet
6.0
Synoptix
Management reporting
Lucanet
9.0
Synoptix
8.0

Consolidation and Close

Lucanet
8.2
Synoptix
7.0
Financial data consolidation
Lucanet
8.0
Synoptix
7.0
Journal entries and reports
Lucanet
8.0
Synoptix
Multi-currency management
Lucanet
9.0
Synoptix
Intercompany Eliminations
Lucanet
8.0
Synoptix
Local and consolidated reporting
Lucanet
8.0
Synoptix
Minority Ownership
Lucanet
Synoptix
7.0

Financial Reporting and Compliance

Lucanet
8.7
Synoptix
6.8
Financial Statement Reporting
Lucanet
9.0
Synoptix
7.0
Management Reporting
Lucanet
8.0
Synoptix
7.0
Excel-based Reporting
Lucanet
9.0
Synoptix
7.0
Automated board and financial reporting
Lucanet
Synoptix
6.0

Analytics

Lucanet
6.7
Synoptix
3.0
Personalized dashboards
Lucanet
7.0
Synoptix
3.0
KPIs
Lucanet
6.0
Synoptix
Cost and profitability analysis
Lucanet
7.0
Synoptix

Integration

Lucanet
9.0
Synoptix
3.0
Flat file integration
Lucanet
9.0
Synoptix
Excel data integration
Lucanet
9.0
Synoptix
Direct links to 3rd-party data sources
Lucanet
Synoptix
3.0

Report Output and Scheduling

Lucanet
Synoptix
7.7
Publish to Web
Lucanet
Synoptix
8.0
Publish to PDF
Lucanet
Synoptix
8.0
Report Delivery Scheduling
Lucanet
Synoptix
7.0

Access Control and Security

Lucanet
Synoptix
6.0
Multi-User Support (named login)
Lucanet
Synoptix
7.0
Role-Based Security Model
Lucanet
Synoptix
8.0
Multiple Access Permission Levels (Create, Read, Delete)
Lucanet
Synoptix
8.0
Single Sign-On (SSO)
Lucanet
Synoptix
1.0

Mobile Capabilities

Lucanet
Synoptix
1.0
Responsive Design for Web Access
Lucanet
Synoptix
1.0

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

Synoptix

  • Easy report building interface with an query interface that allows financial users the ability to conduct complex queries without difficulty.
  • The ability to create reporting that allows us to review in-depth financial review by drilling down into accounts to find transnational data easily.
  • Easily maintained and monitored with simple upgrade installations and end point installation.
  • Great knowledge base for review and trouble-shooting.
  • Highly knowledgeable and easy to work with staff.
Logan Morris | 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

Synoptix

  • It has a poor install procedure which is not standard. It almost requires copying folders from an existing computer to the new install.
  • The update process is less than desirable. It seems like Compusoft needs to do a better job of testing before releasing updates.
  • The interface is a bit archaic. It looks more like a program from 20 years ago than one used today.
Tracy Burton | TrustRadius Reviewer

Support Rating

Lucanet

No score
No answers yet
No answers on this topic

Synoptix

Synoptix 1.0
Based on 2 answers
Support does not know much about software solutions. As an example, I have struggled for weeks just to set up LDAP that should be fairly simple.
Anonymous | TrustRadius Reviewer

Alternatives Considered

Lucanet

Anonymous | TrustRadius Reviewer

Synoptix

Prior to Synoptix we were using the reporting tool that comes with our ERP system. It lacked the drilldown and comparability functions that make Synoptix the top pick. Further, designing reports and maintaining reports was very labor intensive
Traci Hemmerlin  CPA | TrustRadius Reviewer

Return on Investment

Lucanet

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

Synoptix

  • As a reporting tool it has allowed us to make fact based decisions. We have a significant annual cost with relation to our legacy system and Synoptix provides us with the best tool to mine the data that resides in our legacy system.
Jake Friel | TrustRadius Reviewer

Pricing Details

Lucanet

General

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

Synoptix

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

Rating Summary

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