Lucanet – Mastering technical challenges in planning, consolidation and reporting

Lucanet AG, headquartered in Berlin, is one of the leading providers of Financial Performance Management (FPM) solutions. Founded in 1999, the company set out with a clear vision: to develop an intelligent software solution for legal consolidation and integrated financial planning.

Today, Lucanet is a market leader in the field of Financial Performance Management and has a strong international presence. Its standardized, industry-independent software — certified in accordance with IDW PS 880 and the international audit standard ISAE 3000 — supports consolidation, planning, and reporting processes.

More than 5,000 companies worldwide rely on Lucanet’s solutions, including well-known names such as Toshiba, Leica, Condor, Roland Berger, Engel & Völkers, Thai Union, and Rocket Internet. Continuous innovation and a clear international strategy underline Lucanet’s role as a trusted partner in the financial sector.

CFO Solution Platform

Consolidation & Financial Planning

Companies are increasingly faced with the task of consolidating their financial statements accurately and efficiently as well as ensuring reliable financial planning. Regulatory requirements toughen, data stems from different sources and needs to be harmonized, while manual processes are time-consuming and error-prone. Delays or inconsistencies in reporting and planning may result in inefficient decisions and increase compliance risks.

Lucanet offers an automated solution for financial consolidation that covers all key steps from reconciliation between affiliated companies to final reporting in compliance with regulations. This reduces manual errors, improves the quality of data and ensures transparent and comprehensible financial reporting at all times.

Lucanet also provides significant benefits for financial planning. Lucanet enables companies to dynamically and flexibly create and manage their budgets and forecasts in real time. This enables rapid adaptation to changing market conditions and facilitates strategic decisions based on sound, up-to-date data.

The use of automated processes, preconfigured interfaces to ERP systems and seamless traceability of all financial data creates a central, reliable data source. This ensures maximum transparency and security.

Disclosure Management

Lucanet optimizes disclosure management by structuring and automating the entire reporting process. Centralized control of data collection, verification and report presentation ensures that information is prepared efficiently and presented in a standardized, transparent manner. Companies benefit from a significant reduction in manual work steps, minimizing sources of error and freeing up valuable resources for strategic tasks.

ESG reporting

The comprehensive functionalities of Lucanet enable companies to efficiently collect, analyze and accurately present their ESG data. The system enables comprehensive monitoring of environmental impacts, social responsibilities and governance structures. In addition, Lucanet supports the preparation of reports that comply with legal requirements while providing a comprehensive view of ESG performance.

With more than 300 interfaces to ERP, financial accounting and HR systems as well as MS Excel, Lucanet allows you to transfer your financial and non-financial data and metrics fully automatically. As a result, Lucanet's ESG reporting software provides you with all the information you need for integrated financial and ESG reporting in one central location.

This allows you to optimize your financial processes with regard to future regulatory requirements in ESG reporting and thus ensure the sustainable success of your company. Lucanet gives you full transparency and control over your ESG data, from EU taxonomy mapping to KPI calculation and CSRD reporting. With Lucanet, you can create group annual reports, including sustainability reports, automatically, quickly and reliably. With just one click, you can convert your ESG reporting into the iXBRL format required by regulations.

The advantages of Lucanet in the area of ESG include:

Lease Accounting

The administration and accounting of leases is often complex, time-consuming and error-prone. Compliance with IFRS 16 regulations in particular presents a challenge for many companies. A reliable and automated solution can simplify this process considerably.

Lucanet offers a modern lease accounting solution that centralizes all process steps - from decentralized recording to automatic calculation - in a central system. Manual processes become obsolete, while bookings and reports are created fully compliant and error-free.

As a result of the standardized, transparent lease accounting framework of all relevant data, companies maintain an overview at all times and comply with IFRS 16 regulations without additional effort. The central platform also ensures audit-proof documentation and simple handling of lease values.

With Lucanet, companies rely on an innovative solution that optimizes the entire accounting process, reduces risks and saves valuable resources.

Banking and Cash Management

Outdated systems and manual processes lead to errors, delays and a lack of transparency in financial processes. Delayed availability of financial data can have a negative impact on accounting and finance decisions.

Lucanet automates payment processes, reduces manual input and provides real-time data for precise liquidity control. Seamless integration with banks and ERP systems ensures smooth processing, while security mechanisms such as the dual control principle and role-based access controls provide additional security.