Consolidation and group controlling

LucaNet.Financial Consolidation

Our certified software for legal and management consolidation will take you through the entire consolidation process with absolute dependability. The intuitive operation and transparent numerical model will make your preparation of consolidated financial statement easier during every single step of the process.

LucaNet.Financial Consolidation combines the whole of our comprehensive experience in both business and technical areas. We can thus guarantee an intelligent and mature product which helps you to make your consolidated accounts watertight.

Simply reliable

LucaNet software has been certified according to PS 880 audit standard of the Institute of Auditors in Germany e.V. (IDW) and and is therefore compatible with all principles of proper accounting and control.

Simply flexible

LucaNet.Financial Consolidation combines a standardised data model with maximum flexibility. Thus, the software can always be adjusted to individual demands of a consolidated group.

Simply transparent

Effective company management requires reliable data. Thanks to LucaNet.Financial Consolidation, each single number is presented in a comprehensible and clear manner with just a few clicks. And this holds true even down to document level.

Simply integrated data

When using LucaNet.Financial Consolidation for legal and management consolidation and LucaNet.Planner for planning and financial control, actual and projected values are presented and consolidated within the same data model in a unified manner. Thus, structures are consistent at any point in time without any manual intervention. From individual cost centres up to consolidated group level.

Multi-level consolidated financial statement preparation on a monthly, quarterly and annual basis, including:
- Consolidated profit and loss account
- Balance sheet
- Cash flow statement
- Consolidated statements
- Segment reporting
- Disclosures
- Parallel financial statement preparation according to any financial accounting standards (German Commercial Code, IFRS, etc.)

Workflow support throughout the entire consolidation process.
Reproducing any amount of any parallel profit and loss and balance sheet structures (profit and loss account according to the cost of sales method, balance sheet according to IFRS classification scheme, etc.)
Fully integrated foreign currency conversion (exchange rates at the end of period, average exchange rates, year-to-date exchange rates and historical exchange rates)
Support for all consolidation methods (capital consolidation, proportional consolidation and equity consolidation)
Comprehensive consolidation assistants

The individual financial statements are converted into the currency of the consolidated group and added up in the profit and loss account amounts. The consolidated profit and loss account is created by consolidation book entries.

The integrated workflow support guides all people involved through the consolidation process step-by-step.

Pairwise elimination of all factual circumstances within the group at the push of a button with our integrated consolidation wizard.

Apart from individually configurable converters to MS Excel, LucaNet.Importer provides a range of ready-to-use interfaces to all common ERP and financial accounting systems at your disposal to transfer data. Furthermore, data can be collected and validated via our LucaNet.Group Report module.

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User tip

by Daniel Schrödter, Senior Consultant

Whether you import new data, change data structures or enter new exchange rates: Since the cash flow statement is not simply a report, but also an integral part of the data model, all consequences for the consolidated cash flow are directly evident without any manual adjustments or transfers. This saves time and ensures an exceptionally interactive and efficient work.

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