What users are saying about
1 Ratings
16 Ratings
1 Ratings
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Score 8 out of 100
16 Ratings
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Score 8.8 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

Wdesk

Wdesk is great for companies in which several employees or departments touch filing data simultaneously. If you want to have one set of data for your 10-Qs, 10-Ks, press releases, and proxy statements, and you want your Reporting, Legal, HR, and Internal Relations teams to be able to access all of it at the same time, Wdesk is a GREAT product. To maximize the program's capabilities, you'll want to take advantage of the linking functionality with your source data (that's what we're ensuring is happening in the periods between our filings). If you're in a company that only has one or two people on your reporting team, and those employees don't have the time to properly set up links using the source data, this program could be overwhelming.
Erin Crossland | TrustRadius Reviewer

Feature Rating Comparison

Ad-hoc Reporting

Lucanet
9.0
Wdesk
Drill-down analysis
Lucanet
9.0
Wdesk

Budgeting, Planning, and Forecasting

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

Consolidation and Close

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

Financial Reporting and Compliance

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

Analytics

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

Integration

Lucanet
9.0
Wdesk
Flat file integration
Lucanet
9.0
Wdesk
Excel data integration
Lucanet
9.0
Wdesk

Governance, Risk & Compliance

Lucanet
Wdesk
9.0
Common repository of GRC items
Lucanet
Wdesk
9.0
Risk management
Lucanet
Wdesk
9.0
Integration with Corporate Performance Management (CPM) systems
Lucanet
Wdesk
9.0
GRC policy management
Lucanet
Wdesk
9.0
Incident management
Lucanet
Wdesk
9.0

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

Wdesk

  • Incredible support from Workiva and always bringing news and improving the product through community feedback.
  • I think the product is easy to use, has a friendly interface and we feel safe to use it.
  • Quick business vision and improved decision making with the help of software with real-time reports.
  • Exceptional support service, very fast and they help you with everything you need and are super helpful.
Maria Luis Ribeiro | 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

Wdesk

  • Limitations to spreadsheet formulas
  • Basic design (User Interface)
  • Works slow sometimes
  • Lacks few creative options
  • Excel formulas are limited to an extent
Anonymous | TrustRadius Reviewer

Usability

Lucanet

No score
No answers yet
No answers on this topic

Wdesk

Wdesk 9.0
Based on 3 answers
Once implemented, it is a great tool that allows for improved efficiency, eliminating the need for having your accountants act as full-time format experts. We used to roll forward financial statements and quarterly reports manually from quarter to quarter, and if there were ever any changes that led to a text box going to the next page, it would take hours overtime just getting it back to normal, and Wdesk accounts for those changes and automatically adjusts for us.
Anonymous | TrustRadius Reviewer

Support Rating

Lucanet

No score
No answers yet
No answers on this topic

Wdesk

Wdesk 9.7
Based on 3 answers
I would rate it 9 because their quality of support has been good by far. I haven't faced any issues when I've contacted their customer support.
Anonymous | TrustRadius Reviewer

Alternatives Considered

Lucanet

Anonymous | TrustRadius Reviewer

Wdesk

We moved from a third party filer to doing it in house. Have seen demos of products like Active Disclosure, which has come a long way from the beta version I saw and but we are not too far gone with Wdesk for us to evaluate other products.When we first signed up with Webfilings, (former name of Workiva), there were no viable products in the market. I had seen an Oracle product and a beta version of Active Disclosure. It was not hard to see the ease and intuitive-screens, to guide one through the filing process. The excel-like spreadsheets were an added bonus.
Sandhya Chakrapani | TrustRadius Reviewer

Return on Investment

Lucanet

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

Wdesk

  • We spend less than we used to with a traditional printer.
  • We have been able to do turn-on-a-dime equity offerings with last minute changes and still file on time.
  • Inviting external legal into the platform has helped with communication but we actually suspect they spend MORE time (and billing) on our documents than they used to just simply because it's so easy to get at them anytime they want.
Anonymous | TrustRadius Reviewer

Pricing Details

Lucanet

General

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

Wdesk

General

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

Rating Summary

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