Software for consolidation and group controlling
With LucaNet’s consolidation software, you’ll not only save a lot of time thanks to maximum automation, you’ll also be using an audited system that will guide you through the entire process of preparing consolidated financial statements.
LucaNet represents the top level of expertise in consolidated financial statement preparation. The outstanding professional elements are mirrored by our consolidation solution, which was developed from the outset by professionals, for professionals.
LucaNet offers a level of automation for your consolidation that is unique on the market. The consolidation run, which can easily be initiated at the touch of a button, is fully automated, covering group structures of any depth and all steps in consolidation.
A simple double-click is enough to trace your data by drill down back to the posting and source document level. Each posting and any modifications are recorded seamlessly within the system.
With more than 200 ready-made interfaces, LucaNet offers perfect data integration for all kinds of ERP and bookkeeping systems (e.g. SAP, MS Dynamics NAV, Diamant, Sage, proALPHA, DATEV etc.). Thanks to LucaNet’s open architecture, all XMLA-capable BI front ends – such as Qlik, arcplan, Cubeware, Power-BI and Tableau – can directly access the figures in LucaNet.
LucaNet’s consolidation software is certified in accordance with the official IDW PS 880 auditing standard of the Institute of Public Auditors in Germany. This ensures that proper accounting principles are adhered to throughout the process. The result is a set of auditable financial statements that will please auditors and investors.
LucaNet’s intuitive user interface is unique: Even users without IT skills can quickly find their way around LucaNet. That means common processes such as creating and modifying master data, hierarchies, and postings are easy to handle.
Professionals can administer the system by themselves, making all changes independently – without having to rely on support from the IT department. That’s an advantage at a time when closing cycles are growing ever shorter and regulatory requirements are becoming more and more significant.
- Creation of consolidated financial statements on a monthly, quarterly and annual level, including:
- Consolidated P&L statements
- Consolidated balance sheets
- Consolidated statements of cash flows
- Parallel creation of consolidated financial statements according to German Commercial Code (HGB), IFRS, US-GAAP, etc.
- Representation of any number of enterprises
- Multi-level consolidation hierarchies (subgroups)
- Representation of all consolidation steps (capital consolidation, income and expense consolidation, debt consolidation, elimination of intercompany profit and loss)
- And much more
Reporting and analysis
- Pre-defined reports and evaluations
- Management cockpit
- Full Excel integration
- And much more
All the LucaNet.Financial Consolidation services can be found in our brochure.
Data transfer can be performed using the LucaNet.Importer software module's user-configurable MS Excel interfaces and a large number of ready-made interfaces to all commonly used ERP and financial accounting systems. What's more, the LucaNet.Group Report module can also be used to collect and validate data.Source systems overview
Customer success stories
It is quite simple for us: Information gives clarity. Clarity gives transparency. Transparency is the foundation for trust. This is why we chose LucaNet.
We save on costs, time, and nerves, and now again have complete faith in our financial data.