How a financial startup uses LucaNet to showcase its client’s numbers
Success story Insight Consulting OG
Insight Consulting offers high-quality financial services: They handle financial planning and reporting for small and medium-sized enterprises (SMEs) using LucaNet software – a success story.
Insight Consulting uses LucaNet for:
- Compact reports for different clients
- Deviation analyses
- Unit and cost center planning
- High-quality data visualizations
LucaNet helps us to specifically meet our clients’ needs. The data processing fulfills all our requirements, and by linking to Power BI we can offer state-of-the-art visualizations. Support is always quick and competent.
Tailor-made planning and precise reports
The data usually comes from their customers’ financial accounting departments, and Insight Consulting imports it into LucaNet using Excel integration, so that a harmonized database is available for the next steps. That is when the core of their work really begins: financial analysis, budget planning and the preparation of the results in the form of meaningful, easy-to-understand reports.
They carry out their analysis and planning based on actual data. Since most of their clients are hoteliers, their planning is based on key indicators relevant to the hotel industry, such as bed occupancy, sales costs, and absorption costs. There are no limits to the attention to detail here, particularly when it comes to department and outlet planning. Liquidity planning is also an important aspects, and capital services, working capital and ultimately cash development are taken into account, analyzed, and planned. Seasonality, in particular, is an important factor in the hotel industry. It can be mapped very well with the planning functions of LucaNet, which offers customers great added value.
In the next step, with the help of the Power BI tool integrated into LucaNet, the reports are created that go to the enterprises and, in part, department heads of the hotels. The reports are short and sweet one-pagers with the most important key indicators and key visualizations or multi-page reports with the different levels of detail and statements. The income statement and cash flow are also included and analyzed. Customers appreciate this service very much. The combination of the advantages of financial performance management and the business expertise of Insight Consulting gives customers a clear, transparent view of their figures and helps them to navigate safely into the future.