Automated consolidated financial statements right on track

Success story Rhomberg Sersa Rail Group

With LucaNet, the Rhomberg Sersa Rail Group creates automated consolidated financial statements. This not only provides the Group's finance team with accurate and reliable figures – it also saves a lot of time.

The introduction of LucaNet was a great success. We can now create clear, automated, and transparent consolidated financial statements.

Alice Hainzl
Group Accountant Finance & Controlling

How Rhomberg uses LucaNet:

  • Automated consolidated financial statements
  • Flexible data collection
  • Annual reporting according to UGB

About the company

The Rhomberg Sersa Rail Group was founded in 2012 when the Swiss Sersa Group merged with the Austrian Rhomberg Bahntechnik. Since then, the railroad technology company has developed into an international full-service provider with an almost complete range of services in the fields of railroad construction, equipment, and service. Customers include mass transit and mainline railroads, freight lines, and private infrastructure. The Rhomberg Sersa Rail Group pursues the vision of establishing trains as the leading mobility solution of the future. To achieve this, they are relying on the opportunities offered by technological developments and digitalization, as well as on partnerships.

Fields of application:

logo rhomberg

Industry :

Production / Industry

Core Business :

Railroad technology

Headquarter city :

Bregenz (Austria)

Employees :

2,700

Website :

Rhomberg Sersa Rail Group homepage

The challenge

Many isolated applications – complex data management

A major challenge for the finance team at Rhomberg Sersa Rail Group is the heterogeneous system landscape with many different ERP systems and accounting software within the group. The companies' financial data comes from Abacus, Quickbooks, Pronto, Sage, and Excel, among others. Merging and checking this data was tedious and cost-intensive for a long time. Therefore, the decision was made to opt for software that would make the processes of data collection, data validation, and financial statement preparation smoother and more reliable.

rhomberg track worker

The solution

Reliable data under one roof

Alice Hainzl, Group Accountant Finance & Controlling, is very satisfied with the implementation of LucaNet. "Thanks to the flexible connection of the upstream systems to LucaNet, automated and decentralized data collection is now possible. All companies can independently control the import of data. The collected data is automatically validated, which is a great added value for us. In addition, in case new software is to be connected, we can carry out the implementation independently in Group Accounting without external consulting costs."

Hainzl also emphasizes the simple and comprehensible way in which foreign currencies are processed in LucaNet and that the fixing of goodwill in the consolidated financial statements is very beneficial. Overall, major progress can be seen in the preparation of the consolidated financial statements. Thanks to the many predefined processes, intuitive operation, and maximum automation in LucaNet, the finance team now achieves their goals much faster. "As a next step," says Hainzl, "we would therefore like to use LucaNet for our management reporting as well."

How LucaNet benefits Rhomberg:

  • Time saving
  • Reliable financial data
  • No external consulting costs