The financial consolidation software
This is what an ideal software for consolidation and group controlling can do
LucaNet is your easy-to-use software for financial consolidation. Benefit among others from:
- Completely automated procedure across all consolidation steps and group structures of any depth
- Simultaneous presentation of accounting standards
- Foreign and group currencies
- Presentation of all group schedules and the consolidated cash flow statement
- Multi-currency conversion and translation
- Easy maintenance of structures, chart of accounts, and master data
- Complete data integration within one data model
How to Master the Financial Puzzle?
Optimize your financial consolidation with our comprehensive guide! Master the Financial Puzzle and confidently navigate this complex process with vital tips and strategies.
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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!
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