A worldwide presence with universal data
Success story Heinz-Glas Group
LucaNet helps the packaging professionals of the HEINZ-GLAS Group to clearly map all intercompany relationships and offers an extensive bundle of options for consolidation, planning, reporting, and analysis. And all this at the press of a button – reliably and anywhere in the world.
LucaNet meets all our requirements for consolidation, planning, and reporting. We use the software on a global scale and benefit greatly from the multilingual data model and system-supported currency translation. All our subsidiaries use LucaNet to report their local financial statements.
How HEINZ-GLAS uses LucaNet software:
- Wizard-based consolidation (as well as for planning)
- Financial statement preparation across various countries in accordance with HGB
- Calculation and monitoring of key figures
LucaNet was able to meet these demands in no time. The software was implemented in two steps: The cash pool area was integrated and the actual data were imported via direct access to the Infor Baan ERP system. In addition to the consolidation of actual figures, the plan and the cash flow statement were also set up in LucaNet. For this, a new, unified system and structure for calculation was defined in cooperation with auditors. Once the balance sheet and P&L statement structure, the cash flow statement, and the schedule were in place, the subsequent rollout was carried out for all subsidiaries. Even though LucaNet is installed at the German headquarters of the HEINZ-GLAS Group, a client connection also ensures access at the respective locations worldwide.
Today, the company uses LucaNet to produce the local financial statements of each subsidiary or national company, each with a derived balance sheet and profit and loss statement while always taking the respective accounting standards into consideration.
In this way, in addition to supplying figures to the Group, the subsidiaries can also carry out country-specific evaluations and prepare financial statements on a monthly basis with the software in a just a few simple steps. “We had big requirements, but LucaNet meets them all. The software was implemented in no time and is simple to understand. The time savings are massive and the results speak for themselves!” says Steffen Meinel.