Lucanet
Berlin-based CFO platform joining financial consolidation, planning, disclosure management and XBRL
Quick Overview
| Company | Lucanet AG |
|---|---|
| Category | Financial Reporting Software |
| Headquarters | Berlin, Germany |
| Founded | Not stated |
| EU Presence | Yes - Germany (EU) |
| Data Location | AWS infrastructure, data kept in your region per vendor |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Financial consolidation, intercompany reconciliation, planning and forecasting, disclosure management, XBRL tagging, ESG reporting, tax compliance reporting, lease accounting |
| Pricing | Basic, Advanced and Professional packages, quote on request, minimum term 12 months |
| Best For | Finance teams in groups that need consolidation and disclosure in one system |
| Replaces | Workiva, OneStream, Vena |
Detailed Review
Lucanet AG is registered at the Amtsgericht Charlottenburg (HRB 97214 B) with its headquarters on Karl-Liebknecht-Strasse in Berlin. Its platform covers the close, planning and external reporting in one place, which is the same ground Workiva covers.
The vendor describes the platform as unifying data from ERPs and subsidiaries through 300+ ETL adapters, and lists a UK entity, Lucanet (UK) Limited, next to the German parent.
Consolidation First
The solution list starts with financial consolidation and intercompany reconciliation, followed by planning, forecasting, group controlling and management reporting. Lucanet says it is top-ranked for financial consolidation by users, a claim taken from its own platform page.
The vendor also says it holds SAP interface certification for data extraction.
Disclosure Management and XBRL
Lucanet lists disclosure management and a set of XBRL products (tagger, cloud, auditor, vision) as separate solutions. Its disclosure page names ESEF and UKSEF and describes preparing annual reports with financial and non-financial data.
It states that the software meets standards for creating and validating XBRL digital reports.
Hosting and Contract Terms
The platform is built on AWS with multi-region redundancy, geographical isolation, tenant isolation and optional bring-your-own-key encryption. The vendor acts as processor under standard contractual clauses and publishes an IT security guideline.
Licences run for a minimum of 12 months, and an upgrade between the three packages is possible during the term.
Limitations to Consider
Lucanet publishes no prices, only three package names, so budgeting needs a sales conversation. The platform runs on AWS, a US-owned cloud provider, so it does not remove US cloud exposure by itself. It is built for groups, and smaller companies that only need a forecast may prefer Brixx or AccountsIQ.
Who Should Use Lucanet
Mid-sized and large groups, especially German-speaking and listed ones, that want consolidation, management reporting and disclosure management from one European vendor.
Pros and Cons
Pros
- Consolidation, planning and disclosure in one platform
- XBRL products and ESEF coverage listed
- German parent with UK entity
- Standard contractual clauses and security guideline published
- Three licence packages with upgrade path
Cons
- No public pricing
- Runs on AWS
- Minimum term of 12 months
- Aimed at groups rather than very small companies
Alternatives to Lucanet
Other European financial reporting software worth comparing before you decide:
Jedox
Germany · Planning, budgeting and reporting in one Excel-friendly model
Diamant Software
Germany · Accounting suite with group consolidation and EU-hosted cloud
CoreFiling
United Kingdom · XBRL, iXBRL and ESEF tagging and filing software
Board International
Switzerland · Planning, reporting and analytics on one no-code platform
See all European financial reporting software or compare them directly against Workiva on our alternatives page.
Frequently Asked Questions
Its disclosure management page refers to ESEF and UKSEF requirements, and it lists XBRL tagging products. Confirm the current taxonomy support during a demo.
The vendor states the platform is built on AWS with geographical isolation that keeps data in your region. Ask for the region named in your contract.
Yes. The pricing page says Lucanet can be licensed for a minimum of 12 months, with longer terms available.