Mastering technical challenges in planning, consolidation and reporting – with speed and quality

LucaNet - the success story 

LucaNet AG, with headquarters in Berlin, is one of the leading providers of financial performance management solutions. The company was founded in 1999 with the vision to provide an intelligent software solution for legal consolidation and integrated financial planning. Today, LucaNet is the market leader in the area of Financial Performance Management Systems and internationally positioned. LucaNet offers standardized and industry-independent software (certified according to IDW PS 880) for consolidation, planning and reporting. Over 2,300 customers include Jenoptik, Thai Union, Jochen Schweizer, Roland Berger, Rocket Internet and Toshiba.

Simply intelligent - an efficient software solution for business users and experts

LucaNet stands for consistent and transparent financial data within an intuitively operated software. Compared to other solutions the implementation effort is rather low. The software is based on a multidimensional standard database with a predefined data model and computing logic in real time. If a figure in the system is changed, all related areas are automatically updated across all structures. The pre-defined functionalities of the software can be comprehensively configured – individually according to your specific requirements. More than 150 available interfaces to all common ERP, financial accounting and relational database systems as well as Excel enable fast and easy data import. Detailed drill-down leads to increased transparency as well as time savings, since users can call up all relevant data independently and quickly in a centralized structure.

With the web-based tool LucaNet.Group Report, error-prone Excel reporting packages and tedious intercompany reconciliations are outdated:

  • Mapping of individual reporting structures
  • Simple, structured and decentralized data collection
  • Data enrichment (e.g. transaction types, notes specifications)
  • Decentralized intercompany reconciliation
  • Maximum data quality through customized validation rules
  • Process Monitoring

Extended functionality with LucaNet.Apps - standardized or customer-specific

With additional apps, LucaNet offers the possibility of expanding the standard software. This includes, among other things, apps for leasing relationships accounting according to IFRS 16, transition from total cost accounting to cost of sales accounting and cost center allocation.

In addition, it is possible to develop customer-specific apps to support customers with specific challenges or automation of specific processes.

A perfect combination: LucaNet and Business Intelligence solutions

The overall picture of a company includes not only financial data, but also much more extensive data sets, which are usually analyzed and processed in business intelligence solutions. LucaNet data can be integrated into existing Business Intelligence solutions so that seamless and company-wide reporting is possible. This connection not only keeps central company data in a data warehouse, but also enables further analyses and reporting options. The standardized integration allows all BI systems, such as Power BI or Cubeware, to be quickly connected.

LucaNet and SmartNotes - from consolidated financial statements to high-quality annual reports

The combination of LucaNet with the disclosure management tool AMANA SmartNotes provides companies with a perfect overall solution, starting with the preparation of consolidated financial statements and ending with the final financial report in a print-ready layout. The data is first prepared, consolidated and reconciled in LucaNet and then transferred directly to SmartNotes. All external and internal financial reports and presentations are automatically generated in SmartNotes and made available for publication. In addition, SmartNotes offers more transparency, timesaving and an increased quality.

LucaNet - On-Premise & in the Cloud

Companies can use LucaNet either as an on-premise solution or cloud version. The solution means independence from larger IT adjusments. This eliminates the administrative effort for installations, updates or release changes as well as the provision of the technical infrastructure. The data is protected with the highest security standards and is available to users worldwide. With the on-premise solution, the company acquires LucaNet software and operates it on its own responsibility in its own network or in a data center of other cloud providers. Maintenance of LucaNet software is therefore carried out under the company's own responsibility. The advantage: The software can be easily integrated into existing IT infrastructures and application environments. Should the IT strategy change due to new circumstances, companies can easily switch from the on-premise solution to the at any time. At WTS Advisory, we support you in making the right choice among the different integration and operation models.

Due to its flexibility, transparency, user-friendliness and low implementation effort, LucaNet is a suitable solution especially for medium-sized groups/individual companies as well as for international corporations.

As a certified LucaNet Premium Partner, WTS Advisory is your competent partner. Our team will gladly support you with all questions and topics concerning LucaNet. Please do not hesitate to contact us if you are interested or have any questions.

 Moritz Pawelke Partner