Scalable and cost-efficient consolidation process
With the help of LucaNet, Astroscale was able to set up a full self-serviceable consolidation process for a lean team of only 2 users. The team can now get the consolidation done in a few days and generate monthly consolidation reports. More importantly, these additional reports are generated at no additional cost and are full-customisable according to various reporting needs. This allowed Astroscale to do more with consolidation and reporting while enjoying 80% in cost savings.
Efficient monitoring of financial health as a startup
Astroscale is also able to generate custom reports including key financial indicators to track the company’s burn rate. Within a few clicks, items such as labour costs, office expenses, purchase of PPE and other relevant costs are incorporated into reports for the finance team to obtain a transparent view of their financial performance. These reports can be generated easily on-demand, providing the firm with error-free information on their financial data, allowing them to manage their cash efficiently. When asked about her experience working with LucaNet, Ai Makino, Chief Information Officer of Astroscale comments: “The reason we decided to use LucaNet was the fact that the staff was very approachable and responsive. From the staff, we felt that we can build a great partnership with LucaNet. I highly recommend LucaNet to anyone who needs to do consolidation on a global base with various entity levels.”