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Lucanet – A Success Story
Home Services Financial Advisory Digital Finance Technology partner Lucanet
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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

Lucanet offers automated solutions for Consolidation & Financial Planning, Disclosure Management, ESG Reporting, Lease Accounting and Banking & Cash Management.

Learn more about

Consolidation & Financial Planning

Disclosure Management

ESG reporting

Lease Accounting

Banking & Cash Management

 

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.

Financial consolidation process
icon "one"

Finance and consolidation area

  • Simple creation and management of relevant consolidation groups, including subgroups and segments.

  • Intuitive maintenance and creation of group structures for P&L, balance sheet, cash flow and consolidation reports.

icon "two"

Data transfer

  • Access to upstream systems and financial accounting via 300 preconfigured interfaces (e.g. SAP, Microsoft dynamics 365, Sage, Diamant, proALPHA, Datev).
icon "three"

Validation and IC reconciliation

  • Automatic checking and validation of financial data.

  • System-supported intercompany reconciliation at transaction currency level.

  • Status monitor for process monitoring.

icon "four"

Currency conversion

  • System-supported conversion with predefined procedures.

  • Automated reporting of all delta currency effects.

  • Retrieval of exchange rates from the European Central Bank (ECB).

  • Display of historical exchange rates.

icon "five"

Accounting principles

  • Simple recording of reconciliation entries due to document orientation.

  • Parallel presentation of income statement and balance sheet structures.

  • Change log for complete documentation.

icon "six"

Financial consolidation run

  • Automatic execution of all consolidation steps, including capital, debt, expense and income consolidation.

  • Elimination of intercompany profits and losses and customizable group structure (e.g. legal consolidation, segment consolidation).

icon "seven"

Precise financial reporting

  • Automated creation of reports.
    Print-ready annual reports with Lucanet Disclosure Management.
    System-supported status reports for quality assurance.

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.

Lucanet automates the disclosure management process and can provide the report in various formats (MS Word, MS Excel, MS PowerPoint, iXBLR, print-ready layout).

COMPREHENSIVE PROCESS MANAGEMENT

Lucanet enables seamless disclosure management by automating all process steps - from data import to the ready-to-print annual report.

RELIABLE TRACEABILITY

By providing a fully auditable data history, Lucanet ensures maximum transparency and accountability. All content is automatically recorded and documented.

HIGHEST DATA QUALITY

A standardized central interface ensures consistent data across all reports and languages - for accurate and reliable information.

EFFICIENT AUTOMATION

Lucanet reduces errors and saves valuable time by automating repetitive tasks such as consistency checks and roll-forward functions, allowing teams to focus on strategic tasks.

PROFESSIONAL DESIGN

Using the ‘Layout Robot’, Lucanet delivers high-quality, print-ready report designs, eliminating the need for external design services.

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:

EFFICIENT DATA COLLECTION

Lucanet enables the automated recording of relevant ESG data, which saves time and reduces the susceptibility to errors.

COMPREHENSIVE ANALYSIS

Lucanet's powerful analytics capabilities help companies identify patterns and trends in their ESG data.

COMPLIANT REPORTING

Lucanet makes it easy to create reports that comply with legal requirements while providing clear insights into the company's ESG performance.

FUTURE-PROOFING

Through continuous updates and adjustments, Lucanet ensures that companies can also fulfil future ESG requirements.

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.

COMPLIANCE WITH STANDARDS AND ACCURACY

Automated calculations and financial reports reduce the risk of errors, ensuring full compliance with the IFRS 16 standard.

EFFICIENCY AND SAVING TIME

Optimized processes for managing, tracking and reporting on rental agreements enable faster and more resource-efficient processing in comparison to manual methods.

FINANCIAL TRANSPARENCY

A clear and detailed presentation of leasing obligations and assets through decentralized data collection ensures better traceability and transparency for stakeholders and investors.
 

AUDIT READINESS

The uncomplicated access to precise and up-to-date leasing contract data facilitates audits and reduces the associated administrative effort.

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.

CUSTOMIZED BANKING SOLUTIONS

  • Customer-oriented design: Every company has individual requirements for its financial management. Lucanet offers a flexible solution that integrates seamlessly into existing systems and has been specially developed to meet the needs of modern finance departments.
  • User-friendly & scalable: No high implementation effort and no local installation - Lucanet relies on a cloud-based infrastructure with unlimited data storage. This allows companies to scale their financial processes quickly and easily without having to worry about storage space or updates.
  • Comprehensive security: Sensitive financial data requires the highest security standards. Lucanet relies on strong authentication and comprehensive transaction monitoring. In addition, the confidential handling of bulk payments, such as for salaries, is ensured.

AUTOMATED BANKING

  • Automation of processes: Manual processes lead to errors, delays and inefficient processes. With Lucanet, account checks and payment processing are automated to ensure regular updates and immediate action.

  • ERP integration: Lucanet integrates seamlessly with existing ERP systems, integrating all payment and account data directly. This reduces manual data entry and transmission errors, enabling more efficient and error-free financial accounting.

  • Proactive notifications: By automatically monitoring account limits, failed payments and bank closing times, Lucanet provides early notification of critical events. This enables companies to react immediately and minimize financial risks.

FIRST-CLASS CASH MANAGEMENT

  • Corporate-wide management: Multinational companies or groups with several bank accounts benefit from centralized financial management. Lucanet enables centralized cash flow control and role-based permissions in order to optimally manage cash flows throughout the company.

  • Comprehensive reporting: Well-founded decisions are based on clear and reliable data. With Lucanet, individual reports and dashboards can be customized to provide a detailed, real-time overview of all financial flows.

  • Payment optimization: Lucanet ensures optimal processing and consolidation of payment files. In addition, payment formats (CSV, XML) can be adapted to the respective company requirements to make financial processes even more efficient.

LIQUIDITY MANAGEMENT

  • Short-term forecasts: Financial planning requires precise forecasts. Lucanet analyzes recurring payments, historical data and planned transactions to create reliable liquidity forecasts.

  • Real-time data: Thanks to real-time integration with ERP systems, up-to-date financial data is available immediately. This enables dynamic liquidity management without the need for a complete real-time system.

  • Cash pooling: Lucanet facilitates the management of intra-bank and inter-bank cash pooling. In addition, intercompany clearing accounts are automatically taken into account, including interest calculations.

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