A single solution that offers everything for your financial data
Financial consolidation is easy with professional software
Remember when financial statements took a lot of work and were still fraught with errors? You can now say goodbye to Excel and other time sinks and trust in software that reflects your financial mindset and approach. By helping you automate the entire process of creating flawless financial statements, LucaNet will reduce your workload and save you money – not to mention headaches!
- One solution with many applications for reliable financial statements
- A streamlined approach to creating your consolidated financial statements
- Simply more accurate: 70% fewer data errors
- Simply fast 80% reduction in time required for financial statements
- Simply more transparent
- Simply intelligent: How LucaNet can benefit you
Rapid implementation
Our Financial Performance Management solution makes virtually everything easier. Besides being a snap to implement, it offers an intuitive interface that your users will get the hang of in no time, even with limited IT skills. Plus, it just makes consolidation more fun!
By finance people, for finance people
LucaNet speaks your language. The entire logic behind the software is designed to cover all the professional requirements involved in efficient financial statement creation.
100% real-time
Need to update a figure? Go ahead – our software will handle the rest. Whenever you make a change, the effects are calculated and displayed in real time across the entire data model. For you, that means faster preparation of flawless consolidated financial statements.
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 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 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 procedures 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 within the scope of consolidation
- Simultaneous presentation of accounting standards
- Foreign and group currencies
- Presentation of all group analyses and the consolidated cash flow statement
- Disclosures
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.
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.
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.
- Nine surefire steps to financial consolidation
- Consolidation area
- Charts of accounts
- Data transfer
- Validation and IC reconciliation
- Currency translation
- Accounting principles
- Consolidation run
- Quality assurance
The software for lease accounting in accordance with IFRS 16
Is your company heavily involved in leasing and facing the challenge of becoming IFRS 16 compliant? With LucaNet, this process could hardly be easier. While the complexity of the new rules does make many things more difficult, our software is ready to handle just about everything in helping you implement all the necessary changes. Whether in restructuring or evaluating your lease contracts, implementing the constant monitoring IFRS 16 requires, or reconciling operating leases in line with this standard: LucaNet takes the stress out of making your lease accounting IFRS 16 compliant.
What you need in a tool for IFRS 16
Our software for reliable IFRS 16 accounting is sure to be the right tool for you thanks to all the functions it offers, which include:
- Transparent reconciliation of operating leases in line with IFRS 16
- Calculation of lease contracts using the modified retrospective and full retrospective methods
- Automated remeasurements of lease liability
- Use of a standardized system, no add-on solutions required
- Simple and intuitive user interface
- Flexible ways to display contracts
An intelligent solution to IFRS 16 accounting: How LucaNet can benefit you
Efficiency
Greater efficiency means having more time for other things. This is precisely what LucaNet’s solution for lease accounting can give you in determining your right-of-use assets and lease liabilities. Based on all the relevant contract data, our leasing tool carries out the necessary calculations each month and shows you the trends in right-of-use assets and lease liabilities over the entire lease term in question.
Traceability
It’s time to take control. Thanks to the clearly arranged formats in which the LucaNet leasing solution can display your many lease contracts, you’ll be able to achieve greater transparency. Clear structuring of your contracts will lead to improved traceability, as well. Here, LucaNet enables you to break down all your IFRS 16 accounts based on freely definable criteria (an asset class, for example).
Consistency
Why not make your life easier? The IFRS 16 solution from LucaNet gives you a simple, intuitive, and standardized way to enter your lease contracts, which will help you ensure consistency. You can start by importing your existing contracts into LucaNet using an Excel template.
The right software for optimal financial planning
Do your plans lead to more questions than answers? Do they involve making a lot of manual entries in non-standardized documents that are rife with errors? It’s time to make a change. With LucaNet, you’ll do more than plan your results – you’ll guide your company to a successful future!
One solution with many applications for dependable planning
- Financial planning and budgeting: Produce meaningful financial plans in real time
- Forecasting and scenario planning: Rock-solid forecasts and scenarios in just a few clicks
- Group controlling: Achieve efficient – and transparent – controlling of your equity holdings
Optimize your financial planning
- Simply more accurate 90% greater transparency
- Simply more efficient 88% reduction in resource consumption
- Simply faster 70% time saving
Simply intelligent: How LucaNet can benefit you
Rapid implementation
Integrating LucaNet into your day-to-day business is simple and doesn’t take long at all. When it comes to your planning process, this means you can simply start working and focus on what really matters in planning and analysis.
By finance people, for finance people
LucaNet was designed to meet the particular needs of finance teams. Whether you need integrated financial planning, forecasting, scenario planning, or operative planning – LucaNet’s planning software will provide you with a comprehensive view of your financial data.
100% real-time
Need to adjust your original planning data? LucaNet automatically displays the effects on your results and liquidity as soon as you make changes. This offers you certainty and increases the accuracy and flexibility of your analyses.
For Dependable Planning Figures
The software for financial planning and budgeting
Put your trust in controlling software that’s not beholden to a particular industry and covers all the aspects of business planning. Say goodbye to traditional planning systems that are based mainly on Excel spreadsheets and non-standardized data, and lay the foundations for integrated financial planning and professional financial controlling that includes transparent budget planning.
LucaNet’s planning and controlling software has achieved top rankings in BARC’s Planning Survey, having particularly impressed judges in the data transfer, user friendliness, and performance categories. Since it’s based on a standardized system, LucaNet puts you in a position to automate your budgeting and financial planning processes and manage them in flexible ways.
Just what you need in financial planning software for controlling
Our software for integrated financial planning, budgeting, and controlling is sure to be the right tool for you thanks to all the functions it offers, which include:
- Dynamic planning on a monthly, quarterly, and annual basis
- Definition of planning periods of any length of time
- Predefined planning forms including business logic
- Sub-plans at the cost center and/or cost unit level
- Excel integration for transferring planning data
- Automatic, rules-based derivation of integrated business planning (P&L, balance sheet, liquidity)
- Representation of direct liquidity planning
- Planned transition of actual stocks
- Scenarios and forecasts
- Graphical comparisons and diagrams
- Management cockpit
An intelligent solution for financial planning: How LucaNet can benefit you
Automated budget planning
LucaNet aids users like you in developing detailed planned time series using a range of forecast wizards. Along with operational planning aspects of your profit and loss statements (such as sales, project, and HR planning), you can generate detailed plans for your budgeting, including for investments and borrowing.
Data transfer
Leave complex data integration processes behind. With LucaNet, accessing information from the upstream databases of financial accounting, HR, and CRM systems couldn’t be simpler. LucaNet offers interfaces that are immediately usable and standardized for around 200 source systems. They’re also easy to modify or extend if necessary.
Integrated financial planning
With our software for planning and controlling, you can automatically calculate the effects your budget planning will have on your profit and loss statement, balance sheet, and liquidity. The parameters for the automated generation of integrated financial planning incl. direct liquidity planning are defined in accounting rules and payment modalities.
Security
You can count on us: The data model behind LucaNet software has been tested in accordance with the ISAE 3000 auditing standard, with evaluations of P&L, balance sheet, cashflow, etc. always being in themselves consistent and valid.
Integrated forecasting
You can easily derive scenarios and (rolling) projections from your existing planning. These can be contrasted against each other and valued using flexible views.
Flexibility
LucaNet’s bidirectional MS Excel integration guarantees you additional flexibility, whether it’s in planning or report creation. If you require a consolidated perspective within the context of a group, our financial planning software can be flexibly enhanced with our tool for financial consolidation.
Nine surefire steps to devising the perfect financial plan
- Definition of the data model
- Transfer of actual data
- Setup of sub-plans
- Implementation of planning
- Integration of sub-plans
- Balance sheet and liquidity planning
- Group planning
- Reporting
- Scenarios and forecasts
The software for forecasting and scenario planning
Does your finance team often struggle with the intricate process of creating forecasts? Have you had enough of error-prone planning tables and substandard data quality?
With LucaNet’s tool for forecasting and scenario planning, you can create rolling interim or multi-year forecasts based on a variety of parameters more or less at the push of a button. The system uses a uniform data hub that allows you to easily compile and structure financial data from all your different departments.
What you need to create forecasts and scenarios
Our planning software is sure to be the right tool for you thanks to all the functions it offers, which include:
- Forecast wizards for developing detailed planning time series
- Automatic generation of rolling projections
- Transparent mapping of scenarios
- Simple comparison, evaluation, and analysis of forecasts and scenarios using flexible views
An intelligent solution for forecasting and scenario planning: How LucaNet can benefit you
Automated forecasting
Our software offers a simple way to derive (rolling) projections on the basis of existing planning. Here, LucaNet helps you by making it easy to not only merge your actual and planning data at the forecast level, but adjust your planning data to forecast figures, as well. This is achieved using the software’s built-in wizards.
Simple scenario creation
The software also enables you to create all the scenarios you want based on your existing planning. In this process, any number of parameters (e.g. increase in sales, material usage rate, exchange rate, customer payment modalities) can be modified. Thanks to the fully integrated data model, the effects of each change are immediately apparent in all the relevant areas – including the cash flow statement and the pertinent KPIs.
Flexible comparisons
Achieve full transparency: In LucaNet, all your (rolling) forecasts and scenarios are saved in separated planning data levels, making it easy to integrate them into the available comparison views. This gives you the flexibility and transparency you need for your analyses and allows you to “play around” with your financial data.
The software for group controlling
As a controller involved in managing group companies, you know how it is: The group structures you encounter are getting more and more complex, decentralized, and international in nature, which presents challenges every day in your industry. Wouldn’t it be nice to have software you could rely on to make the entire process of group controlling much simpler? With LucaNet, you can say goodbye for good to error-prone reports and analyses. That’s right: no more endless hours cobbling together and reconciling financial data from myriad source systems and Excel spreadsheets, or entering new accounts by hand.
You can count on LucaNet to provide you with an ideal tool for implementing centralized controlling and efficient management of group companies.
What you need in group controlling software
Our software for group controlling is sure to be the right tool for you thanks to all the functions it offers, which include:
- Presentation of actual and planning figures on a monthly, quarterly, and annual basis
- Best-case and worst-case scenarios
- Intra-year rolling planning and forecasts
- Transfer of existing planning from MS Excel and other data sources
- Ad-hoc reporting
- Interactive analysis function
- Charts
- Sparklines directly within value cells
- Management cockpit
- Custom report creation
- Full Excel integration
An intelligent solution for group controlling: How LucaNet can benefit you
Central database
LucaNet gives you a fast and straightforward means of integrating heterogeneous data and structures for individual group companies into uniform visual presentations. This facilitates not only data analysis, but benchmarking within your portfolio of group companies, as well.
Planning and actual figures, combined
With a single click, you can blend actuals with data pertaining to forecasts and rolling planning. Traffic lights and sparklines also make it easy to recognize trends and outliers.
Transparency
Sustainable group controlling needs to be founded on reliable data. With LucaNet, it’s possible to drill every individual figure down to the posting document level in just a few clicks. This will give you maximum transparency across all your group companies.
Monthly reporting
In LucaNet, it’s easy to create ad-hoc reports or use data files (which you can generate at the press of a button) to provide investors with all the information they need on how their group companies are performing.
Data integration
Thanks to MS Excel support and numerous ready-to-use interfaces to all the commonly used ERP and financial accounting systems, incorporating planning and actual figures on new group companies could hardly be simpler.
Flexibility
This LucaNet software is flexible enough to interface with our web-based tool for IC reconciliation in various ways. Once this connection is established, new group companies can use it as a direct means of data entry. Your group company will then receive the data in short order in a standardized format.
The right software for standardized reporting
Faster, more precise, more comprehensive: It’s getting harder and harder to meet the reporting requirements of internal and external stakeholders. Meanwhile, valid and transparent figures are at the heart of every report. Our professional reporting solution can give you an extensive overview of all the relevant financial data. You’ll then be able to respond more quickly to inquiries and invest more time in key data analyses.
One solution with many applications for transparent reporting
- Management reporting: Generate valid reports and KPIs at the press of a button
- BI and dashboarding: Meaningful analyses in just a few mouse-clicks
- Disclosure management and ESEF reporting: Produce financial reports with maximum transparency
Optimize your reporting
With a professional solution for financial reporting, you’ll receive an overview of the relevant financial data in future and will finally have more time to focus on analyzing the data. And that’s a factor which is crucial to proactive business management.
- Simply faster: 10h of time saved
- A simple interface: 96% of users say LucaNet is self-explanatory
- Simply more transparent: 100% traceable data
Simply intelligent: How LucaNet can benefit you
Rapid implementation
With LucaNet, you can hit the ground running: The system is easy to integrate into your existing IT infrastructure and ready to use in only a few days. At that point, there will be nothing standing between you and professional reporting.
By finance people, for finance people
LucaNet has been designed to meet all finance needs. Instead of being limited to just one aspect of accounting, the solution is designed to handle the entire process in one system without having to change formats – from data transfer right through to finished reports.
100% real-time
With LucaNet, you’ll generate your reports at the touch of a button. The relevant data are updated and displayed in the blink of an eye. The result is reliable, real-time information for your reporting.
The software for management reporting
Reliable reporting, automated by software and based on high-quality data? It’s possible with LucaNet: Our reporting solution gives you all the assistance you need with evaluations and analyses of your financial processes. This self-service tool provides professionals like you with an efficient and transparent means of preparing relevant indicators such as cash flow, liquidity, and profitability within a single system and making them available to stakeholders in a timely manner. It will also put your worries to rest about meeting your reporting deadlines. With LucaNet’s software for management reporting, the relevant information is guaranteed to reach the proper recipients right on time.
What you need in reporting software
Our reporting software is sure to be the right tool for you thanks to all the functions it offers, which include:
- Predefined reports and evaluations
- Variance analyses, including traffic light function
- Embedding of sparklines directly in value cells
- Graphical comparisons (actual vs. planning figures)
- Visualization of data in diagrams
- Interactive analysis function
- Management cockpit
- Presentation of predefined and customizable indicators
- Full Excel integration, including pivot tables
- Open interfaces (e.g. XMLA, ODBO, MDX) for integration with existing report and analysis environments
An intelligent solution for management reporting: How LucaNet can benefit you
Comprehensive view
Tailored to your specific needs, LucaNet provides standard and ad-hoc reports for all the components of a professional reporting system. Features such as comparative views, time series analyses, and exchange rate scenarios are included and are illustrated using graphics and spark lines.
Flexibility
This LucaNet tool makes it possible for you to make changes to structures in a way that is flexible and straightforward. It also presents important data in a transparent manner and enables you to add KPIs and statistical information – all within a single, convenient system.
Excel integration
LucaNet offers full Excel integration for planning and reporting purposes. Use LucaNet.Excel-Add-In for interactive analysis and processing of data and LucaNet.Excel-Reporting to generate standard reports.
BI integration
LucaNet supports connections to other business analytics systems. Whether you’re using a BI tool such as QlikView, Tableau, or Microsoft Power BI, you can easily use the relevant data from LucaNet to present it in the BI tool of your choice.
Time savings
With reporting software from LucaNet, you’ll reduce the manual effort you put into data collection and validation. You’ll finally be able to focus on the things that matter, like analyzing the data. You’ll become a respected business partner within your company.
Self-service solution
With LucaNet, the secret lies in self-service technology. As a professional user, you can administer the system on your own and make any adjustments independently within the tool. That will also please your IT department, as it will have a lighter support workload.
Five surefire steps to implementing management reporting:
- Data collection
- Data processing
- Report creation
- Report distribution
- Analysis and evaluation
The tool for business intelligence and dashboarding
Sound analyses require figures that are reliable and up to date. Only then can they facilitate decisions that will stand up to scrutiny. This is why records that are relevant to such analyses need to be maintained constantly in both quantitative and qualitative terms. Ideally, the process is also automated.
This is another area where LucaNet offers the perfect solution. Our apps enable LucaNet software to interface seamlessly with tools like Microsoft Power BI, opening the door to a fully integrated combination of financial performance management and business intelligence. You’ll then be able to prepare your financial figures in tabular formats and assess them transparently in ad-hoc graphics, flexible time-series analyses, and dynamic comparison views for your reporting. After that, you can visualize, share, and personalize your financial data using a BI tool within centralized, interactive, and mobile dashboards and diagrams. Since all the data this requires is validated in advance, you won’t have to worry about flawed figures that may have been imported.
What you need in a modern reporting solution
Our tool for BI and dashboarding is sure to be the right solution for you thanks to all the functions it offers, which include:
- “Best of breed”: The ultimate combination of a suitable BI/analytics tool for operative planning and dashboarding with the business accounting expertise of LucaNet’s software for financial performance management
- Simple, clear, and transparent generation of ad hoc analyses in the LucaNet front end
- Automated provision of LucaNet figures in external data sources
- Seamless integration with any BI or analytics tool
- Globally available reporting without access restrictions on other source systems
An intelligent solution for BI and dashboarding: How LucaNet can benefit you
Open system architecture
All the figures in LucaNet can be exported into a “star schema” data model optimized for BI tools, which gives you the flexibility you need to integrate them into virtually any BI front end.
“Best of breed” solution
In a group-wide business intelligence environment, LucaNet handles the core financial accounting. This means your LucaNet software will offer you centralized functionality that conventional BI solutions just can’t match due to the complex technical requirements involved.
Planning logic
LucaNet provides a range of planning options, including planning forms, wizards, and Excel integration. If you find you need even more, you can also import individual planning time series from your established BI tools at the push of a button.
Access your Power BI report with a few clicks
You would like to switch to automated BI reporting in a timely manner, but you lack the time, capacity or know-how? Rely on our standardized Power BI report. It contains your LucaNet work areas of the P&L, balance sheet, cash flow statement and mirror.
In addition, the Power BI report offers you a large number of pre-defined financial key figures.
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