The simplest way to prepare your consolidated financial statements
LucaNet.Financial Consolidation
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Software for consolidation and group controlling

With LucaNet’s consolidation software, you’ll not only save a lot of time thanks to maximum automation, you’ll also be using an audited system that will guide you through the entire process of preparing consolidated financial statements.

LucaNet represents the top level of expertise in consolidated financial statement preparation. The outstanding professional elements are mirrored by our consolidation solution, which was developed from the outset by professionals, for professionals.

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Benefits

Automation

LucaNet offers a level of automation for your consolidation that is unique on the market. The consolidation run, which can easily be initiated at the touch of a button, is fully automated, covering group structures of any depth and all steps in consolidation.

Traceability

A simple double-click is enough to trace your data by drill down back to the posting and source document level. Each posting and any modifications are recorded seamlessly within the system.

Data transfer

With more than 200 ready-made interfaces, LucaNet offers perfect data integration for all kinds of ERP and bookkeeping systems (e.g. SAP, MS Dynamics NAV, Diamant, Sage, proALPHA, DATEV etc.). Thanks to LucaNet’s open architecture, all XMLA-capable BI front ends – such as Qlik, arcplan, Cubeware, Power-BI and Tableau – can directly access the figures in LucaNet.

 

Security

LucaNet’s consolidation software is certified in accordance with the official IDW PS 880 auditing standard of the Institute of Public Auditors in Germany. This ensures that proper accounting principles are adhered to throughout the process. The result is a set of auditable financial statements that will please auditors and investors.

User friendliness

LucaNet’s intuitive user interface is unique: Even users without IT skills can quickly find their way around LucaNet. That means common processes such as creating and modifying master data, hierarchies, and postings are easy to handle.

Self-service solution

Professionals can administer the system by themselves, making all changes independently – without having to rely on support from the IT department. That’s an advantage at a time when closing cycles are growing ever shorter and regulatory requirements are becoming more and more significant.

Services

Legal consolidation

  • Creation of consolidated financial statements on a monthly, quarterly and annual level, including:
    • Consolidated P&L statements
    • Consolidated balance sheets
    • Consolidated statements of cash flows
    • Disclosures
  • Parallel creation of consolidated financial statements according to the German Commercial Code (HGB), IFRS, US-GAAP, etc.
  • Representation of any number of companies
  • Multi-level consolidation hierarchies (subgroups)
  • Representation of all consolidation steps (equity elimination, elimination of intercompany income and expense, debt, profit and loss)
  • And much more

Reporting and analysis

  • Predefined reports and evaluations
  • Management cockpit
  • Full Excel integration
  • And much more

All the LucaNet.Financial Consolidation services can be found in our brochure.

Consolidation – Adjust group guidelines

The integrated workflow support guides all people involved through the consolidation process step-by-step.

Integrated workflow support for consolidation process

P&L (Total Cost Accounting) – Net sales

The individual financial statements are converted into the currency of the consolidated group and added up in the profit and loss account amounts. The consolidated profit and loss account is created by consolidation posting entries.

Consolidated profit and loss by consolidation book entries

Paired elimination of intercompany debt

Paired elimination of all factual circumstances within the group at the push of a button with our integrated consolidation wizard.

Integrated consolidation wizard

Source systems

Source systems

Data transfer can be performed using the LucaNet.Importer software module's user-configurable MS Excel interfaces and a large number of preconfigured interfaces to all commonly used ERP and financial accounting systems. What's more, the LucaNet.Group Report module can also be used to collect and validate data.

Source systems overview

Customer success stories

Mark Pritchard, Data-Mail, Inc.

I’m very impressed with LucaNet as a product. (...) The reporting capabilities are excellent, and, in my opinion, the end result is world-class reporting capability.

Mark Pritchard

Chief Financial Officer
Data-Mail, Inc.

Case Study
Ralph Altena, Condor Flugdienst GmbH

Our working structures have been simplified in many respects since the introduction of LucaNet.

Ralph Altena

Head of Accounting
Condor Flugdienst GmbH

Case Study

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