Customer Story
Strong growth pushed AQUA Group's financial consolidation, Plan and Report to its limits. Excel was increasingly becoming a risk. With Lucanet, the company automated its processes, created transparency and efficiency, and noticeable time savings.
66
working days saved per year
90 %
higher data accuracy
AQUA Group GmbH is a leading provider of water and fire damage restoration services. Founded in 2021, the group now unites several operating companies with 44 branches and 650 employees.
Lucanet has become the backbone of our finance and controlling operations. We have eliminated the error-proneness of Excel and gain valuable time every month for managing the Group.
Reinmar Meißner
Head of Finance & Controlling, AQUA Group GmbH
Before Lucanet was introduced, the AQUA Group managed financial consolidation, Plans and Report entirely via Excel. "This was borderline due to the growth of the Group and quickly became very complex and error-prone," says Reinmar Meißner, Head of Finance & Controlling and member of the Executive Board, describing the situation at the time.
The search was therefore for a solution that automates financial consolidation, enables Plan at site level and ensures stable interfaces to upstream and downstream systems.
Instead of manual Excel processes, the individual financial statements are now transferred from DATEV to Lucanet at the touch of a button. Import, mapping and further processing are carried out in the system in a structured and comprehensible manner.
In addition to legal financial consolidation, AQUA Group also does management financial consolidation with Lucanet. Different rating levels enable in-depth analyses and ensure significantly more transparency—without additional manual effort.
The result: three days of time saved per month in financial consolidation alone.
Plan that keeps pace with growth
Financial Plan has also undergone a fundamental realignment thanks to Lucanet. Instead of distributed individual files, Plan is now location-based and integrated into the system. The result: more transparency, greater planning security and significantly less manual coordination effort.
Forecast and scenario calculations can be represented in a structured manner, and planning processes are automated through predefined rules. This includes, among other things, balance sheet planning based on the P&L, the seasonalization of annual Plan, and Plan at the cost center level.
66 working days gained per year
Report is also now significantly more efficient. “Our reporting system can be brought up to date within a short period of time, and ad hoc reports are also easily possible,” says Reinmar Meissner.
Across Report, Plan, and financial consolidation, Lucanet saves the team 5.5 person-days per month. That's 66 working days gained per year—time that can be used specifically for strategic topics.
AQUA Group is very positive about the cooperation with Lucanet partner Nexia: “Since the initial consultation, we have received professional and competent support. The team has deep expertise in Lucanet as well as in financial consolidation, Plan and financial reporting. Nexia is a great support for us."