Streamline your Consolidation and Financial Planning

Drive business growth by automating consolidation and financial planning, ensuring accuracy, compliance, and seamless management across diverse structures, entities, standards and currencies.

Lucanet Consolidation and Financial Planning

Financial consolidation and planning doesn’t have to be complex

Finance teams pull data from multiple ERPs, spreadsheets, and systems, leading to inconsistencies, duplication, and reconciliation challenges that slow down financial reporting.

Relying on spreadsheets and outdated tools for consolidation increases risk, delays reporting, and makes it difficult to ensure compliance across multiple entities.

Delayed and static financial reporting prevents finance leaders from making informed decisions, hindering businesses from adapting to market changes.

Managing financials across global subsidiaries and currencies requires extensive manual effort, slowing down close cycles and increasing compliance risks.

Key features

Streamlined, efficient and more reliable financial consolidation and planning

Fulfill multiple accounting standards simultaneously with ease

Effortlessly comply with multiple accounting standards (IFRS, US GAAP), specific reporting currency or account/ledger structures. Seamlessly harmonize data to create one legal ledger structure for the group with value adjustments for GAAP.

Streamlined structure management and multilingual support

Adjust structures easily, create new elements defined in multiple languages, build required hierarchies, and analyze data within structures with full flexibility to create.

Flawless data integration to create a single source of truth

Seamlessly import using 300+ ETL adapters and APIs and orchestrate diverse data categories from the source to the solution starting from opening balance sheet values to structural elements like cost centers and entities for consolidation.

Automation boosting with out-of-box business logic

Automate postings for consolidations, eliminations, and group levels like subledger values into general ledger and period integration. Save time with real-time balance sheets and cash flow statements built from planning data.

 

Accurate insights with multi-currency conversions

Retrieve exchange rates directly from the European Central Bank (ECB), input historical rates, and view automatic currency effects across data models.

 

Granular audit trails and insights to ensure accuracy and collaboration

Strengthen insights with our drill-down feature, from group-level data to cost centers, postings, and scanned documents. It’s the perfect answer for consolidation, group controlling, and planning.

 

Enhanced transparency and collaboration

Improve collaboration with key features to add comments and descriptions, track changes, and upload supporting documents in various formats, including emails and PDFs.

 

The CFO Solution Platform of choice for financial excellence

Empower your finance teams with next-generation, purpose-built solutions that unify data, people, and strategy, boosting efficiency and driving strategic decisions—all within a secure, scalable, and best-in-class cloud environment.

Customer stories

Over 6,000 happy customers worldwide

Related resources

Download our guides. Upgrade your performance.

BARC Financial Consolidation & Group Accounting Survey 25

Analysts' report

BARC Financial Consolidation & Group Accounting Survey 25

Discover the key findings of the 2025 BARC Consolidation Survey and why Lucanet is a top choice for finance teams looking to solve their consolidation challenges.

Transitioning from national accounting standards to IFRS: motives and implementation

White paper

Transitioning from national accounting standards to IFRS: motives and implementation

Planning to adopt IFRS? This white paper explains rationale, effort, and implementation steps, outlines IFRS options, and gives CFOs practical guidance for a smooth transition.

Full goodwill method vs. partial goodwill method: A comparison of financial consolidation according to US GAAP, IFRS, and German GAAP

White paper

Full goodwill method vs. partial goodwill method: A comparison of financial consolidation according to US GAAP, IFRS, and German GAAP

Learn how the full goodwill method and the partial goodwill method impact a corporation's various key figures and what advantages and disadvantages they present.

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