Expert software for automatic data validation
The lack of quality in financial data, which is usually drawn from a range of different system landscapes and source systems, represents a huge challenge for many Finance departments.
Say goodbye to financial data that need to be painstakingly incorporated into reports and integrated into plans and consolidated financial statements without first being validated. LucaNet can give you a professional solution for simple data collection and reliable data validation.
These LucaNet functions give you maximum data quality
- Automated validation options
- Workflow support via integrated task management
- Transparency about the state of data collection
- Secure and error-free data transfer
- Data files that can be audited
How software for data validation makes your life easier
LucaNet’s solution for data collection and validation makes it easy to set up the report layout for the collection of actual and planning data. It also provides automatic validation for the data you collect. And best of all, you don’t need to run the validation process separately – it all happens in real time.
The LucaNet software is tailored to your individual needs, with options such as custom validation rules and test routines for the validation of actual and planning data. It offers a non-complex way of creating both simple conditions and If/Then rules. Each rule can be set to apply to all reporting units (e.g. companies, cost centers, segments) or just selected ones. As the user, you can define which validation rules should be tested to suit your individual needs.
LucaNet’s built-in status monitor makes the entire data collection and validation process transparent across all of the reporting units involved, giving you all of the material information you need for IC reconciliation. The system enables you to see at a glance which reporting units have not yet fulfilled which validation rules.
With LucaNet, you’ll benefit from automatic importing of data. Data collection can be handled manually, or it can be automated; interfaces to LucaNet.Financial Warehouse and MS Excel are of course available to you. Validation is carried out regardless of the type of collection used and is available equally for all reporting units, even if they do not all use the same system landscape.
LucaNet offers an easy way to improve the quality of your data and the efficiency of your processes by automating many of the steps involved. This makes your financial reporting and planning processes much faster – with financial data you can trust 100%.
LucaNet is a solution that can give you maximum security. The program’s data collection process is designed in such a way that it cannot be finished until all the validation rules have been fulfilled (and the IC reconciliation is complete, where applicable). You can rest assured that you are always working with consistent and valid data, whether you are planning or generating your consolidated financial statements.