Data collection and intercompany reconciliation made easy
There are enormous challenges for finance departments when collecting and validating corporate data. Often this entails a very tedious process with many manual steps, numerous e-mails, and countless rounds of clarification. Data collection is handled mainly using Excel files and their constant maintenance is exceedingly tedious. It is also impossible for changes to be made on the spur of the moment; transparency about the state of completion is very low. With LucaNet, you’ll be relying on professional software that will give you optimal support in the collection, validation, and reconciliation of company data. Your job will be made easier because using the web-based software module allows your companies to collect actual and planning data, to validate the input, and to clarify any discrepancies –immediately, simply, and independently.
Perfectly reconciled data
How software for data collection makes your life easier:
With LucaNet, you’ll have the reconciled data that you need for your consolidated financial statements faster. The decentralized IC reconciliation is performed automatically by the system. Your reporting units can clarify their discrepancies with each other immediately. The parent company itself is involved only occasionally.
With LucaNet, you can rely on your data. Along with IC reconciliation, the data collected is automatically validated and checked for consistency by the software, and check routines can be individually defined.
Professional users can easily set up and update the report layout. Updates to this are made centrally for all reporting units; changes can be made without hassle even after figures have been sent in. The reporting units work with a web-based system, which ensures that the data are collected smoothly and securely.
LucaNet’s integrated task management makes the job easier both for the reporting units – the subsidiaries and branches – and for the parent company. This is the case whether you’re looking at the data files being sent out by the parent, or with the simple access to data collection by the reporting units.
LucaNet pays off: The solution can be easily rolled out with your reporting units and will soon lead to a significant increase in efficiency, thanks to the shorter collection and reconciliation time periods.
Armed with LucaNet, you, as the responsible partner at HQ, will have a complete overview of the progress of data collection and process steps that still need to be carried out. This is made possible via the integrated status monitor and your access rights to all data files, allowing you to react early in the event of delays while still retaining full control.
Easily manage the process of data collection
Automate the data collection and validation process, as well as IC reconciliation
What makes LucaNet unique
LucaNet is quickly implemented both at the parent company and at the reporting units. Everyone involved in the process works with a standardized and very intuitive user interface.
LucaNet.Group Report has been 100% specifically tailored by specialists for use in finance departments. You’ll receive reconciled data in a timely manner, ensuring that you will be well equipped to compile pending consolidated financial statements.
Our software works in real time, meaning that effects from changes made are mapped in real time across the entire data model. That means you’ll receive the reconciled data you need for the consolidated financial statements even faster and in a more reliable way.