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Financial planning and reporting free from Excel

Success story VAUDE Sport GmbH & Co. KG

VAUDE was using Excel for its planning and reporting needs but this was becoming a nuisance in light of the Group’s increasingly complex structure. An intelligent software solution had to be found.

LucaNet convinced us with its simple operability, fast integrated reporting, and reliable data. The drill down to ledger accounts feature is particularly helpful for analyzing our figures.

How  VAUDE uses LucaNet software:

  • Monthly reports
  • Analysis
  • Planning

About the company

VAUDE Sport GmbH & Co. KG is a modern, family-owned business that has been based in Tettnang by Lake Constance in the Allgäu region of southern Germany since 1980.The company is considered the most environment-friendly outdoor supplier in Europe.

Use cases

Industry:
Production/Industry
Core business:
Mountain sportswear and equipment
Headquarter:
Tettnang (Germany)
Employees:
1,500
Website:
VAUDE homepage

The challenge

Shouldering the company’s growth

VAUDE’s growth, the demand from banks for consolidated accounting, and ultimately also the internal desire for more transparency and more quickly available figures resulted in the search for a software program that could meet these requirements and additionally make it possible to plan over several years.

Those responsible also considered the source system’s previous lack of an Excel integration option as problematic because of the time-consuming aspect. For example, there was no possibility to integrate the reporting packages and evaluation. This all changed when LucaNet was introduced. “The user-friendliness of the software coupled with the high specialist knowledge of the consultants have convinced us,” says Erwin Gutensohn, CFO at VAUDE Sport GmbH & Co. KG.

vaude climbing

The solution

Integrated planning and standardized reporting

To map the past, LucaNet developed a reporting package for all subsidiaries. Alongside this, an interface for current and future data import from the financial accounting system was implemented. Contrary to the previously used Excel spreadsheets, the standard reporting offers much more reliability and, most of all, tangible time savings. The possibility of planning balance sheet key figures by integrated balance sheet planning without much effort also constituted a serious additional benefit for the CFO. To sum up, LucaNet made a convincing impression with its simple operability, fast integrated reporting, and reliable data.

How LucaNet software benefits VAUDE:

  • Better data quality
  • Trouble-free integration of Excel
  • Logical software structure

Further references from the industry Production/Industry

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