Financial statements in record time

The software for financial consolidation

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 software for consolidation and group controlling makes possible. By automating as many aspects as possible, it 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!

What you need in consolidation and group controlling software

Our consolidation software is sure to be the right tool for you thanks to all the functions it offers, which include:

  • Reliable representation of simultaneous and step consolidation
  • Completely automated procedure across all consolidation steps and group structures of any depth
  • System-supported quality assurance
  • Continuous workflow support
  • Matrix consolidation (consolidation of segments, business units, regions etc.)
  • 1:1 application of the consolidation routine used for consolidation of planning
  • Presentation of changes in the scope of consolidation
  • Simultaneous presentation of accounting standards
  • Foreign and group currencies
  • Presentation of all group schedules and the consolidated cash flow statement
  • Disclosures
video software demonstration financial consolidation

An intelligent solution for consolidation

How LucaNet can benefit you

Automation

Consolidation that basically runs on its own: With LucaNet, that’s not just a promise – it's a guarantee. Thanks to the high degree of automation our software provides, you can start the consolidation process with a simple click of the mouse. All the resulting steps will take place on their own, no matter how deep your group's structures go.

Data transfer

Do you dream of flawless data integration? With more than 200 ready-made interfaces to a wide variety of ERP and accounting systems, we can help you wake up to the reality you're looking for. Our open architecture also makes it possible for any XMLA‐compatible BI front end to access figures in LucaNet directly.

Traceability

Maximum transparency, all the way down to the posting and source document level: Your LucaNet software will enable you to trace every number just by double-clicking it. Every posting and the adjustments made to it are seamlessly logged within the system to offer you the utmost in clarity whenever you need it.

Security

Absolutely reliable – that’s LucaNet's consolidation software in a nutshell. In fact, it’s certified in accordance with the official IDW PS 880 auditing standard of the Institute of Public Auditors in Germany. This means you can use it to ensure your compliance with the principles of proper accounting throughout the consolidation process. The result is a set of auditable financial statements that auditors and investors will be happy with.

Self-service solution

With our software, professional users like you no longer need to call the IT department for support. You can administrate the system and make all the necessary adjustments on your own. That’s an advantage in a time when closing cycles are becoming ever shorter and regulatory requirements are becoming more and more significant.

User-friendliness

If only everything were as simple as our software’s intuitive interface. Even if you aren’t an IT expert, you’ll get a handle on the LucaNet environment in no time. This will make common processes such as creating and modifying master data, hierarchies, and postings easy to manage.

Only LucaNet simplifies complexity

financial consolidation software simultaneous presentation accounting
  • LucaNet software makes it possible to fulfill multiple accounting standards in parallel – for consolidation in line with both IFRS and the German Commercial Code (HGB), 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 HGB to IFRS).
financial consolidation software easy maintenance hierarchy
  • Our 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.
  • You can create all kinds of structures and hierarchies at the same time, as well.
financial consolidation software completely automated consolidation run
  • 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.
  • Corresponding apps that automatically generate consolidation postings are available for all the consolidation steps.
financial consolidation software full currency conversion
  • Currency translation is based on the modified current rate method.
  • LucaNet 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).
financial consolidation software transparency drill down
  • The drill-down feature offers more in-depth insights into your data.
  • You can access data from directly within the LucaNet solution – 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)! 
software demonstration office

Learn even more about our software for financial consolidation

Want to see our 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 demo with no obligation – either at your offices or in an online presentation!

Schedule a live demo

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