Financial statements in record time

The financial consolidation software

Have you ever wondered what it would be like to work with software that basically handles financial consolidation for you? One that lets you start the entire process of preparing financial statements with a single mouse click?

This is exactly what our consolidation and group controlling software makes possible. By automating as many aspects as possible, our financial consolidation software can reduce your workload and guide you through every step of financial consolidation in a targeted-oriented, audit-compliant manner. Predefined processes, an intuitive interface, and a transparent data model make each individual step simpler. Put your trust in our tried-and-tested software – your auditor will, too!

Financial Consolidation

Has our financial consolidation and group controlling software piqued your curiosity? If so, be sure to download the further information we offer on the subject.

Many enterprises, from small, medium, to large, are still relying on traditional Excel based methods to complete their close process, with no financial consolidation software in place. Completion of their consolidated financial statements remains a manual, time-consuming, and error-ridden process. With our financial consolidation software, financial statements are compiled in a fraction of the time. Resources will attain higher levels of efficiency resulting in a faster financial close. Take an in-depth look at our financial consolidation software and prepare your financial close at the click of a button.

This is what an ideal software for consolidation and group controlling can do

LucaNet is your easy-to-use software for financial consolidation. Benefit among others from:

  • Completely automated procedure across all consolidation steps and group structures of any depth
  • Simultaneous presentation of accounting standards
  • Foreign and group currencies
  • Presentation of all group schedules and the consolidated cash flow statement
  • Multi-currency conversion and translation
  • Easy maintenance of structures, chart of accounts, and master data
  • Complete data integration within one data model

An intelligent financial consolidation tool

How LucaNet software can benefit you


Consolidation that basically runs on its own: With LucaNet financial consolidation software, that’s not just a promise – it's a guarantee. Thanks to the high degree of automation our consolidation tool provides, you can start the consolidation process with a simple click of the mouse. All the resulting steps will take place on their own, no matter how deep your group's structures go.

Data transfer

Do you dream of flawless data integration? With more than 200 ready-made interfaces to a wide variety of ERP and accounting systems, we can help you wake up to the reality you're looking for. Our open software architecture also makes it possible for any XMLA‐compatible BI front end to access figures in LucaNet directly.


Maximum transparency, all the way down to the posting and source document level: Your LucaNet financial consolidation software will enable you to trace every number just by double-clicking it. Every posting and the adjustments made to it are seamlessly logged within the system to offer you the utmost in clarity whenever you need it.


Absolutely reliable – that’s LucaNet's financial consolidation software in a nutshell. In fact, it’s certified in accordance with the official IDW PS 880 auditing standard of the Institute of Public Auditors in Germany. This means you can use it to ensure your compliance with GAAP throughout the consolidation process. The result is a set of auditable financial statements that auditors and investors will be happy with.

Self-service solution

With our consolidation and group controlling software, professional users like you no longer need to call the IT department for support. You can administrate the system and make all the necessary adjustments on your own. That’s an advantage in a time when closing cycles are becoming ever shorter and regulatory requirements are becoming more and more significant.


If only everything were as simple as our software’s intuitive interface. Even if you aren’t an IT expert, you’ll get a handle on the LucaNet environment in no time. This will make common processes such as creating and modifying master data, hierarchies, and postings easy to manage. Our financial consolidation software has an intuitive and easy-to-use interface, that can be managed by all members of your financial department without involving IT.

9 surefire steps to financial consolidation

Financial consolidation area
  • Easy setup and definition of the relevant consolidation areas, including subgroups, segments and more
Charts of accounts
  • Simple maintenance and set-up of account structures by the professional user (P&L, balance sheet, cashflow, schedules etc.)
Data transfer
  • Access to source systems/financial accounting (200 preconfigured interfaces, including to SAP, Microsoft Dynamics 365, Sage, Diamant, proALPHA and Datev)
Validation and IC reconciliation
  • System-side, freely configurable validation of the transferred finance data
  • Enrichment of data with missing information (disclosures, IC data, transaction types for schedules etc.)
  • System-supported intercompany reconciliation on the transaction currency level
  • Status monitor for overseeing the process
Currency translation
  • System-supported currency translation in accordance with all common processes
  • Automatic presentation of all delta currency effects
  • Retrieval of exchange rates from the European Central Bank (ECB)
  • Display of historical exchange rates
Accounting principles
  • Posting focus means straightforward collection of reconciliation postings (HB II, IFRS, US GAAP etc.)
  • Simultaneous presentation of P&L and balance sheet structures
  • System-supported validation of all postings generated
  • Seamless documentation by means of change log
Financial consolidation run
  • Fully automated financial consolidation that covers
    • all the steps in financial consolidation (equity elimination; elimination of intercompany debt; elimination of intercompany income and expense; elimination of intercompany profit and loss)
    • and group structures of any depth (legal consolidation, by segment consolidation, etc.)
Quality assurance
  • System-supported status reports for quality assurance
Financial reporting
  • Automatic generation of reports
  • Print-ready annual report preparation with SmartNotes

Only LucaNet financial consolidation software simplifies complexity

  • LucaNet financial consolidation software makes it possible to fulfill multiple accounting standards in parallel – for consolidation in line with both IFRS and US GAAP, for example.
  • Adjustment levels can be used to record any kind of adjustment entry (such as reconciliation from the subsidiaries’ local GAAP to the parent company’s group GAAP or reconciliation from US GAAP to IFRS).
  • Our financial consolidation software enables you to adjust structures directly.
  • A simple right-click is enough to create new elements, which you can also define in multiple languages.
  • In LucaNet software you can create all kinds of structures and hierarchies at the same time, as well.
  • All shared processes can be administered by all members of your finance department.
  • No matter whether it's for legal or management consolidation or actual or planning consolidation, you can include and execute every consolidation step in a single consolidation run in our consolidation software.
  • Corresponding apps that automatically generate consolidation postings are available for all the consolidation steps.
  • Elimination of investments, intercompany debt, intercompany inventory, intercompany income and expense, at group and sub-group level.
  • Currency translation is based on the modified current rate method.
  • Our financial consolidation software makes it easy to retrieve exchange rates directly from the European Central Bank (ECB).
  • You can also enter historical exchange rates. 
  • All currency effects are automatically shown throughout the data model (this includes the cash flow statement and schedules).
  • The drill-down feature offers more in-depth insights into your data.
  • You can access data from directly within the LucaNet consolidation and group controlling tool – be it from the group and company level down to individual cost centers. And from there, down to the posting document level in your financial warehouse (or even scanned documents from your document management system)! 
software demo

Learn even more about our financial consolidation and group controlling software

Want to see our financial consolidation software in action? Are you also interested in finding out where and how LucaNet software can offer you support that goes beyond consolidated balance sheets, group controlling, and financial consolidation? We’d be pleased to offer you a live, personalized software demo with no obligation – either at your offices or in an online presentation!

Request a demo