LucaNet AG Strengths, Domain Expertise, and Key Differentiators
LucaNet's Financial Performance Management (FPM) software oversees the entire procedure of creating consolidated financial statements, conducting financial planning, and generating business reports. LucaNet actively contributes to adapting to the evolving landscape of the accounting function. By consolidating all financial processes within a unified solution, the software empowers finance teams to save time and generate dependable, audit-ready data. This data is then accessible for the CEO's strategic decision-making, allowing the team to allocate their time to more substantial and meaningful tasks
LucaNet AG Recent Developments
In November 2024, LucaNet launched its new Generative AI functionalities, marking a pivotal advancement in the evolution of financial management. The debut of the AI Copilot transformed how the company engaged with small and medium-sized enterprises, empowering them with a level of financial control that was previously out of reach. This innovation not only reinforced LucaNet’s leadership in the sector but also laid a solid foundation for future growth and the development of new strategic alliances.
Despite the significant challenges brought on by the COVID-19 pandemic, LucaNet made every effort to simplify and improve the user experience with its software. With the release of the latest long-term support version, incorporating all cumulative features from the LucaNet 13 release train, the company introduced several key enhancements. These included the ability to split data imports, more granular permissions for audit trails, and new functionalities in LucaNet Group Report, improved communication within the Group Report module, and enhanced user role management for LucaNet.
LucaNet AG Mergers and Acquisitions (M&A) Activities
On October 31, 2024, LucaNet announced that the UK-based company Causal had officially joined the LucaNet Group. This strategic acquisition marked a significant step in expanding LucaNet’s capabilities in the area of Financial Planning and Analysis (FP&A). Causal, known for its intuitive and modern approach to data modeling and reporting, brought added value to LucaNet’s ecosystem, particularly in the realm of self-service planning and financial data visualization. Through this partnership, LucaNet further strengthened its position as a provider of cloud-based solutions for the Office of the CFO.
In March 2023, LucaNet finalized the acquisition of AMANA, a software provider known for its expertise in financial reporting and tax solutions. This strategic step demonstrated LucaNet’s dedication to strengthening its global position in the Corporate Performance Management (CPM) market, particularly by reinforcing its role in the critical area of Disclosure Management. Through this acquisition, LucaNet further cemented its standing in Tax Compliance and Tax Reporting, expanding both its capabilities and market reach.
In May 2023, LucaNet concluded the acquisition of ementexx, a provider of digital banking and cash management software. This strategic move bolsters LucaNet's market standing as it expands its robust Corporate Performance Management (CPM) offering. The company's portfolio now encompasses treasury, procure-to-pay, and order-to-cash solutions.
LucaNet AG Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying LucaNet AG applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of LucaNet AG and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified LucaNet FPM customers.
LucaNet AG Overview
Karl-Liebknecht-Str. 14
Berlin, x, 10178, Germany
49 89 22 84 89 90
Ownership: - x
Number of Employees: 800
Functional Markets: EPM, ERP Financial, ERP Services and Operations,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
LucaNet AG Key Enterprise and Cloud Applications
LucaNet FPM
LucaNet AG Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
LucaNet AG Revenue Breakdown By Type, $M:
LucaNet AG Enterprise Applications Revenues By Functional Markets, $M:
LucaNet AG Enterprise Applications Revenues By Verticals, $M:
LucaNet AG Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
LucaNet AG Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
LucaNet AG Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified LucaNet AG Customers
No. of LucaNet AG Customers: 6000
No. of LucaNet AG Enterprise Applications Customers: 6000
No. of LucaNet AG Cloud Customers: x
No. of LucaNet AG Cloud Subscribers: x
Established in 1999 and based in Berlin, Germany, LucaNet boasts a workforce of 800 employees. The company serves over 6,000 clients across more than 50 countries, with notable names in its customer portfolio including Thai Union, MyDoc, Neo Group, Toshiba, and Rocket Internet.
LucaNet AG Market Opportunities, M&A and Geo Expansions
In March 2024, LucaNet AG appointed Joris van Leeuwen as its new Chief Revenue Officer (CRO), marking a significant step in the company’s global growth and commercial transformation strategy. Joris assumed responsibility for sales, marketing, and customer experience, intending to strengthen the partner ecosystem and advance the revenue growth strategy. This leadership change represents an opportunity for LucaNet to consolidate its position as a provider of software solutions for finance teams, with a focus on innovation, global expansion, and increasing customer value.
In April 2022, LucaNet revealed a significant development as it entered into a strategic investment agreement with Hg, a global investor specializing in software and services. This announcement represents a pivotal achievement for LucaNet, underscoring its strategic goals to ascend as a worldwide leader in Corporate Performance Management software.
As part of this collaboration, Hg has secured a majority stake in the company, aligning its investment with the interests of the current majority shareholders – namely, Rolf-Jürgen Moll, Oliver Schmitz, and Dominik Duchon.
LucaNet AG Risks and Challenges
In September 2023, following nearly two decades of devoted leadership at LucaNet, Dominik Duchon revealed his choice to step down from the executive board and resign from the position of CEO. Duchon had been a pivotal figure in steering the company's growth and facilitating its expansion on the international stage.
Additionally, such leadership changes could have created uncertainty among employees, customers, and partners, particularly if not communicated effectively or if the new leadership’s vision was unclear. In an industry such as corporate financial software, where trust and stability are essential, even a temporary disruption in focus or productivity might have led to long-term consequences. Therefore, although a leadership change might have brought fresh energy and innovation, it also posed significant risks that required careful handling and a well-managed strategic transition.
LucaNet AG Ecosystem, Partners, Resellers and SI
LucaNet strengthened its alliance with KPMG by establishing the "LucaNet Center of Excellence." This collaboration combined KPMG's consulting expertise with LucaNet's software solutions to automate, standardize, and optimize financial processes. The partnership focused on areas such as IFRS conversions, carve-outs, and ESG reporting, leveraging a team of LucaNet Certified Professionals to deliver tailored solutions to clients.
LucaNet maintains three offices within Germany and operates international subsidiaries in various countries, including Austria, Switzerland, the Netherlands, Belgium, the UK, France, Spain, the US, Singapore, and China.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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