Certent and LucaNet Partner to Streamline the Financial Close and Report Production Process
LucaNet, provider of financial performance management software, today announced a partnership with Certent, Inc., a leading provider of software-as-a-service solutions for financial disclosure management and equity compensation.
LucaNet FPM software covers every process in the finance department with a single system and a single database. The software handles the complete process of preparing consolidated financial statements, financial planning, and reporting. Users have access to comprehensive information about data for past periods, figures in real time, as well as forecasted financial data - ensuring transparency in both internal and external accounting.
Certent's Disclosure Management platform accesses the financial consolidation and FP&A data within LucaNet and dynamically links it across Microsoft products, providing real-time data integration to management, board reports in Microsoft PowerPoint® and narrative reports produced in Microsoft Word® ensuring compliance with the Securities and Exchange Commission (SEC), the European Securities and Markets Authority (ESMA), and other global regulatory bodies. A dynamic link from all source data points directly into reports means customers benefit from real-time updates to one version of the truth.
David J. Nissen, Managing Partner at PKF Mueller, one of LucaNets most important implementation partners in the US, about the cooperation: “The partnership of LucaNet with Certent will provide customers with a software suite that can reliably complete the full marathon of reporting: from collection, preparation, and presentation to final regulatory submission.”
“The Certent and LucaNet combined offering will change the way finance teams across the globe collect data, prepare consolidated financial statements, and produce internal and external reports”, said Jorge Martin, CEO of Certent, Inc. “This natural partnership will allow both companies to deliver additional value to existing customers and bring a comprehensive offering anchored in familiar Microsoft applications to companies across the globe.”
By integrating the consolidation and reporting process, companies can complete the financial close, consolidate and report cycle. Additionally, they can connect to key planning and forecasting data for enhanced management and internal narrative reporting, giving finance teams increased efficiency and reduced risk.
“Collecting and consolidating accurate data is the foundation to timely and accurate report production,” said Dominik Duchon, Executive Board Member and Chief Sales Officer at LucaNet. “Combing LucaNet’s consolidation solution with Certent’s global regulatory expertise and multi-lingual reporting solution will fuel LucaNet’s international expansion and deliver even more value to our customers.
Certent, Inc., founded in 2002, helps customers elevate their business with smart, intuitive solutions for modern finance. Our advanced solutions for disclosure management, narrative reporting, and equity management help business and finance leaders improve accuracy, save time, and get more done. Deploy with confidence over the cloud, backed by our end-to-end support services, deep expertise, and global reach. Integrate easily with existing systems and data sources. Certent helps you redefine your approach to governance, risk, and compliance. The company operates in seven countries and serves over 2,400 public, private, and pre-IPO companies around the world.