22.03.2018 - Fast Track to Success: SEG Automotive Switches to LucaNet for Consolidated Financial Statements
SEG Automotive Germany GmbH will be entrusting its consolidated financial statements to LucaNet from now on. Established as an independent company in early 2018, Bosch's former starter motors and generators division – which employs over 8,000 people at 16 locations around the world – is now using LucaNet software to optimize its financial processes.
In its search for the right planning and consolidation software, SEG Automotive Germany GmbH set its sights on a solution that would validate its data prior to consolidation, thus preventing inaccuracies in the generation of financial statements. The company has now succeeded in fulfilling all its requirements in implementing the modules LucaNet.Financial Consolidation, LucaNet.Planner, and LucaNet.Group Report.
“Following the departure of the starter motors and generators division from the Bosch group, we were looking for a system our technical department could manage centrally, which is a better fit for the new structure of SEG Automotive Germany GmbH,” explains Katharina Kästner, director of group reporting and controlling at SEG Automotive.“Our goal is to have one system for handling all of our external reporting and accommodating the wide range of requirements of the various recipients involved.”
Contact SEG Automotive Germany GmbH
About SEG Automotive
SEG Automotive is closely linked to the history of the automobile. Emerging from the BOSCH Starter Motors & Generators division in 2018, the company stands for more than a century of innovations in this product sector: from starter motor and generator to Start/Stop and mild-hybridization. SEG Automotive is actively shaping the automobile industry's journey from the combustion engine to electrification by delivering efficient solutions for CO2 reduction – regardless of the drive technology. With 16 locations in the most important automobile markets in the world and over 8,000 employees, SEG Automotive offers a network that guarantees the highest level of engineering and production expertise worldwide – from Germany to China. Technology leadership and highest quality standards set the products apart: almost all automotive OEMs worldwide are relying on SEG Automotive's tailored solutions for passenger cars and commercial vehicles.