Legacy finance systems weren’t designed for the pace or pressure of today’s business. The symptoms are easy to spot: slow reports, rigid workflows, reactive processes, and a backlog of requests to IT.
In our last blog, we looked at the cost of complexity and how finance teams can reduce their total cost of ownership (TCO) while accelerating ROI with Lucanet. Now, we’re going one step further to explore how finance leaders can turn outdated, IT-dependent systems into flexible, finance-owned workflows that drive faster insights and greater strategic impact.
Because when finance is in control of its own tools, it’s easier to move from bottlenecks to breakthroughs.
The hidden blockers slowing finance down
Today’s finance teams need to act fast to respond to investor requests, update forecasts, or integrate new entities. But legacy tech often creates hidden friction that slows the entire business down.
Common blockers include:
- Rigid tools that require IT for even the most basic changes
- Disconnected systems that prevent a real-time view of performance
- Manual workarounds for tasks like currency translation or intercompany reconciliation
- Static reports that require version control, email chains, and spreadsheet stitching
- Delayed insights that slow down executive decision-making
Over time, these friction points create more than just workflow pain; they limit the strategic potential of the finance function and lead to teams spending more time fixing problems than finding opportunities. They chase data rather than lead with it. As the business scales, gaps get wider. When a company grows into new markets, adds new entities, or takes on new compliance requirements, outdated systems don’t flex to fit these new molds. Instead, the finance team adds more layers: more spreadsheets, more checks, more manual work. Complexity becomes a tax on growth.
From reactive to strategic: Why this shift matters
Legacy systems often keep finance in a reactive loop; reporting what happened, validating numbers, and fixing broken links. Lucanet helps teams shift into a more strategic role by giving them real-time access, integrated insights, and the ability to be one step ahead of potential changes and pivot quickly.
That means:
- Budget updates happen instantly, not next quarter
- Forecasts evolve with your data
- Reports get pulled at the click of a button, not manually
Finance becomes less about chasing down numbers and more about creating business value. Teams can explore what-if scenarios, assess the impact of strategic decisions, and provide timely guidance to leadership. With a single source of truth and clear workflows, it becomes easier to ask better questions, spot patterns early, and move with purpose (for the finance team, and for the business as a whole).
Finance-led, not IT-bound: How Lucanet changes the model
Lucanet is built for the way finance actually works. It gives control of the software back to the people who use it every day: CFOs, controllers, and FP&A leaders.
Here’s how Lucanet removes the need for extra steps:
- Self-service configuration: Finance users can update structures, add entities, adjust reports, and build scenarios without writing code or calling IT. This reduces delays and empowers teams to respond to changes in real time.
- Built-in automation: From consolidation and currency translation to intercompany reconciliations and cash flow projections, Lucanet automates the heavy lifting so your team can focus on analysis and strategy. Automated workflows mean fewer errors and more time for insight-building.
- One platform, all processes: Lucanet integrates financial planning, consolidation, ESG, reporting, and disclosures into a single source of truth with seamless workflows and audit trails. With connected data and consistent structures, you reduce duplication and gain confidence in your numbers.
- Fast implementation, familiar UX: With 300+ ready-to-use connectors and an intuitive user interface, Lucanet is designed to be adopted quickly by finance teams, not just IT departments. Minimal need for customization means faster deployment, less disruption, and quicker time-to-value (plus fewer headaches!).
- Scalability without friction: Whether you're adding new entities, expanding internationally, or adapting to evolving regulatory standards, Lucanet scales with you. There's no need to rebuild processes from scratch or re-architect your tech stack.
When finance owns its tools, it moves faster, adapts sooner, and spends less time waiting in ticket queues.
That’s what Lucanet delivers: finance-first tech that’s ready to scale with your business.
Real-world example: Weidmann gains speed and autonomy
Weidmann, a global industrial supplier operating across multiple regions and currencies, previously managed reporting via Excel and legacy ERP tools. As their reporting needs grew more complex, they encountered constant bottlenecks: slow reconciliations, manual data entry, and late-night reporting sprints.
With Lucanet, the Weidmann finance team gained the ability to manage its own processes. The platform's out-of-the-box SAP integration and intuitive dashboard allowed them to streamline reporting, speed up consolidation, and eliminate error-prone manual tasks. Now, financial reporting is 90% faster, and the team can focus on analyzing results rather than assembling them.
This shift didn’t require a massive IT overhaul. It required giving finance the right tools to lead independently.
Innovation aligned with what finance teams need
Lucanet’s cloud-based CFO Solution Platform is designed to meet the evolving needs of modern finance teams, especially in today’s dynamic environments where accuracy, adaptability, and speed are essential.
Whether you're managing multiple accounting standards, building investor-ready ESG reports, or navigating complex consolidation across global entities, Lucanet brings clarity and control to every step.
Key innovations include:
- AI-driven automations for faster reporting and forecasting
- Out-of-the-box ESG and compliance templates
- Standardized processes that reduce risk and support audit readiness
- Scalable architecture built for growth and change
Lucanet doesn’t just digitize your old processes. It transforms them to meet today’s financial demands, while preparing for tomorrow’s.
Built for strategic value: Lucanet’s place in the HG portfolio
Lucanet is proud to be part of the HG Capital portfolio, a network of high-performing software companies shaping the future of finance and business technology. This partnership strengthens our ability to innovate, scale quickly, and respond directly to the needs of finance leaders. It also reinforces our goal of delivering practical, strategic value, not just software.
What to do next
If your current finance stack feels disjointed, outdated, or overly reliant on IT, now is the time to take stock. Ask:
- How many tools are involved in each close?
- How much time does consolidation take?
- What manual workarounds still exist?
- How could your team work differently with the right tools?
Lucanet can help you answer these questions and design a solution that reduces complexity, accelerates insight, and puts your team in control.
Implementation is fast. Learning curves are short. And results are immediate.
Modern finance shouldn’t be limited by legacy tools. With Lucanet, it isn’t.
Break out of outdated workflows. Empower your team to lead. Make your next move a powerful one. Book a demo today and see how Lucanet simplifies reporting, scales with your business, and turns bottlenecks into breakthroughs.
