LucaNet Grows by 38%

• Sales up 38%
• 350 new customers worldwide
• New office opened in the United States
• Business expands into the Middle East

LucaNet, a provider of software and consulting services for financial performance management, continued to enjoy rapid growth in the 2017 financial year. Having already recorded a 27% increase in sales in 2016, the LucaNet Group managed to surpass that result last year to the tune of 38%. Meanwhile, the 350 customers it gained in 2017 include prominent names such as Avira, Ernst & Young, and Wilco Farmers.

LucaNet extended its run of strong growth last year, particularly in its international business. The Berlin-based software company remained committed to its global expansion, opening an office in Philadelphia and entering into a sales partnership in the Middle East. It also plans to establish an additional location in Spain in the third quarter of the current financial year.

One of the company’s biggest accomplishments in 2017 was the release of LucaNet 10. This software optimizes processes in financial controlling while providing managers in this area with a faster, more accurate means of accessing all the information they need to make sound decisions. In addition to its high level of automation in obtaining, validating, and processing data, the ability to harmonize internal and external reporting is a distinct feature of LucaNet 10. 

Those in charge at LucaNet’s headquarters in Berlin have set their sights high for 2018, as well. Besides opening further offices, the company’s next major release is right around the corner: LucaNet 11, which offers further improvements in terms of simplicity and usability, is scheduled to arrive in Q2. Meanwhile, LucaNet has already received its first accolade of 2018: In its most recent BARC Score report, the Business Application Research Center named LucaNet the 2018 market leader in financial performance management in German-speaking Europe. The company was also recognized for its excellent market position and its comprehensive software suite, which covers all the relevant processes in a typical finance department. While FPM has already established itself in other countries as the next evolution of business intelligence in managing companies, this approach is only just gaining popularity in Germany.  FPM provides for transparency in internal and external accounting by presenting a comprehensive picture of both planned and actual financial data. This allows specific areas of activity to be identified for process optimization by the finance department.