Customer Story
When rapid growth pushed MyLight150 over the consolidation threshold, the finance team of ten was suddenly responsible for statutory reporting across four countries. By replacing fragile spreadsheets with Lucanet, the team reduced the monthly close from 20 days to just 5 and transformed raw data into a single source of truth for every stakeholder.
75 %
faster monthly management consolidation
Mylight150 designs and distributes residential photovoltaic systems and complementary equipment to help homeowners consume solar power. This lowers electricity bills and reduces carbon footprints.
When Gwendal Roux, Head of Management Control & SI, joined Mylight150, the company had just exceeded the size thresholds that make consolidation mandatory. Yet, consolidation was still done in Excel. Trial balances arrived in different formats, exchange rates varied by entity, and there were no intercompany reconciliations. "The consulting firm that helped us select our software immediately told us this would be a challenge," Roux recalls.
A recent fundraising round raised the stakes. Investor expected near real-time visibility into performance, but the finance team needed 20 days each month just to piece together a management P&L. With only ten people covering accounting, controlling, treasury, and FP&A across four countries, another spreadsheet cycle was untenable.
The finance team quickly settled on Lucanet for one decisive reason—it can be configured by the users themselves. After a brief series of workshops, the trial balances of every subsidiary automatically flowed from Microsoft Dynamics and other ledgers into a single, multidimensional database. Consolidation then became part of the daily rhythm instead of an end-of-month scramble. Intercompany accounts reconcile as data lands, exchange-rate differences are caught instantly, and a destination-based P&L is always just a click away.
Since the model is unified, the same figures are used for management reporting, statutory statements, rolling forecasts, and five-year plans. The team now closes the books in roughly a quarter of the time it once took. The built-in audit trail means every adjustment is traceable, boosting confidence among investors and auditors alike.