The financial consolidation software
Have you ever wondered what it would be like to work with software that basically handles financial consolidation for you? One that lets you start the entire process of preparing financial statements with a single mouse click?
This is exactly what our consolidation and group controlling software makes possible. By automating as many aspects as possible, our financial consolidation software can reduce your workload and guide you through every step of financial consolidation in a targeted-oriented, audit-compliant manner. Predefined processes, an intuitive interface, and a transparent data model make each individual step simpler. Put your trust in our tried-and-tested software – your auditor will, too!
Many enterprises, from small, medium, to large, are still relying on traditional Excel based methods to complete their close process, with no financial consolidation software in place. Completion of their consolidated financial statements remains a manual, time-consuming, and error-ridden process. With our financial consolidation software, financial statements are compiled in a fraction of the time. Resources will attain higher levels of efficiency resulting in a faster financial close. Take an in-depth look at our financial consolidation software and prepare your financial close at the click of a button.
9 surefire steps to financial consolidation
Only LucaNet financial consolidation software simplifies complexity
- LucaNet financial consolidation software makes it possible to fulfill multiple accounting standards in parallel – for consolidation in line with both IFRS and US GAAP, for example.
- Adjustment levels can be used to record any kind of adjustment entry (such as reconciliation from the subsidiaries’ local GAAP to the parent company’s group GAAP or reconciliation from US GAAP to IFRS).
- Our financial consolidation software enables you to adjust structures directly.
- A simple right-click is enough to create new elements, which you can also define in multiple languages.
- In LucaNet software you can create all kinds of structures and hierarchies at the same time, as well.
- All shared processes can be administered by all members of your finance department.
- No matter whether it's for legal or management consolidation or actual or planning consolidation, you can include and execute every consolidation step in a single consolidation run in our consolidation software.
- Corresponding apps that automatically generate consolidation postings are available for all the consolidation steps.
- Elimination of investments, intercompany debt, intercompany inventory, intercompany income and expense, at group and sub-group level.
- Currency translation is based on the modified current rate method.
- Our financial consolidation software makes it easy to retrieve exchange rates directly from the European Central Bank (ECB).
- You can also enter historical exchange rates.
- All currency effects are automatically shown throughout the data model (this includes the cash flow statement and schedules).
- The drill-down feature offers more in-depth insights into your data.
- You can access data from directly within the LucaNet consolidation and group controlling tool – be it from the group and company level down to individual cost centers. And from there, down to the posting document level in your financial warehouse (or even scanned documents from your document management system)!
Learn even more about our financial consolidation and group controlling software
Want to see our financial consolidation software in action? Are you also interested in finding out where and how LucaNet software can offer you support that goes beyond consolidated balance sheets, group controlling, and financial consolidation? We’d be pleased to offer you a live, personalized software demo with no obligation – either at your offices or in an online presentation!Schedule a live demo