1900 Market Street, 8th Floor Philadelphia, PA 19103
267-436-4976

Helpful Articles

Read through our helpful articles below to gain better insight into financial efficiency, trends, and news.
White Papers
Simplify Your Reporting

What are the success factors for creating a reliable, rapid, and transparent reporting system? Find out the four crucial pieces of advice now in this white paper.

Key Differences Between UK GAAP and IFRS

What are the key differences between accounting policies under FRS 102 and full IFRS. Find out more in our white paper.

Break Free From Excel Chaos

What are the seven reasons why financial professionals should stop working with Excel files? We shed light on the issue and show how professional FPM software is a far better alternative.

How to Improve Intercompany Reconciliation and Bring Order to the Data Jungle

One of the biggest hurdles in operating globally is obtaining the data from the financial statements. Many companies are lacking a proper intercompany reconciliation process which frequently results in an enormous waste of resources. Fully integrated data at the click of a button: LucaNet.Group Report brings together the parent and local companies, helping integrate reporting.

IFRS 16 – The New Lease Accounting Standard

What is the objective of IFRS 16, the new accounting standard for leases, what changes does it entail for affected companies and which solutions are available for a successful implementation? Our White Paper has all the answers.

Practical Topic Target Costing: Fundamentals and Successful Implementation

The white paper summarizes all of the important fundamentals on the issue of target costing and uses examples to clarify its specific implementation in practice.

Focused On: Impairment Of Assets According To IAS 36

How do you approach the impairment of assets according to IAS 36? What’s behind the term cash generating units and how can the impairment of goodwill be tested?

3×3 BI- The Future Of Management Reporting

What will management reporting be like in the future? The experts at Lünendonk take a close, step-by-step look at this topic and deliver a range of theories.

The Spreadsheet Dilemma

What obstacles large and small does Microsoft Excel present in financial controlling and the creation of consolidated financial statements? And what should a quality CPM solution offer to address these issues?

For The CFO of Tomorrow

The CFO of tomorrow faces the challenges of combining the core responsibilities of cost management, risk management, and cash flow with the development of their enterprise’s overall strategy. How do they adapt? LucaNet offers insight into the changing role of the CFO.

LucaNet Prevails as Market Leader in 2018 BARC FPM Score

Not just small and medium-sized enterprises, but also large international enterprises take advantage of comprehensive solutions offered by LucaNet when it comes to the preparation of consolidated financial statements, planning, reporting, and analysis. This has been confirmed by the latest BARC Score Financial Performance Management DACH. You can find out how professional FPM software can support your corporate management and how LucaNet, as market leader, can make your work life in financial quarters that much easier in the latest study from BARC (Business Application Research Center).

LucaNet Factsheet

LucaNet has been synonymous with intelligent software solutions and professional expertise in consolidated financial statements and controlling since 1999. Our aim is to simplify your day-to-day processes with the help of our financial performance management software. Find out how simple consolidation, planning, and analysis can be.

More Clarity About Your Financial Data

Our current white paper explains how Financial Performance Management Software provides CFOs and Controllers with a solution for the challenges they face in their finance departments.

Simply Intelligent – Client Magazine Issue 2 (2018)

Of particular interest from today’s perspective on growth are approaches focusing on optimizing and further developing existing systems in a gentle, yet consistent, or sustainable, way.

Simply Intelligent – Client Magazine Issue 1 (2018)

We present you with the first English edition of our client magazine “simply intelligent,” a step that reflects our strong international growth.

The BARC Score Financial Performance Management DACH 2019

LucaNet is once again market leader in Financial Performance Management. The current BARC Score Financial Performance Management DACH 2019 (for German-speaking Europe) once again underlines the strong portfolio of services offered by the LucaNet suite for data acquisition and validation, individual company and consolidated financial statement preparation, financial planning, and reporting.

Risk Controlling with the Help of Indicator Systems

Which areas of the annual financial statements need to be considered in more detail to make a company’s risk control more efficient? In our white paper, we present you with the most important key performance indicators for optimal analysis.

How CFOs Can Build A Better Financial Consolidation Process

When it comes to the financial consolidation process, speed and accuracy are essential. But many finance teams still struggle with it be­cause they are using manual processes. Find out how automation can help to improve your financial close process.

The 5 Success Factors for Your Financial Planning

Which factors are the keys to a successful, efficient planning process? What should the people responsible for finances observe in order to drive their planning and controlling activities toward the future? To find out, read our white paper.

Faster Close

How can the Group Accountant prepare accurate consolidated financial statements, efficiently, and quickly? All of the answers can be found in our white paper.

Efficient Financial Controlling for CFOs

What specific challenges are presented by the changes to the CFO’s role in an enterprise? And how can a CFO use a professional corporate performance management software solution to tackle the challenges of the current market efficiently? This white paper will provide you with valuable tips for your future practice.

Financial Controlling’s Top 3 Trends

Are you ready for the future of controlling? In our white paper, we present the top three trends in controlling.

Simply Intelligent – Client Magazine Issue 1 (2019)

How do you deal with stressful situations? In this new issue of our client magazine, you can read about what can be done against stress. Don’t stress – that’s the spotlight topic in this issue. Of course, you’ll also find further interesting LucaNet topics, like the article on predictive analytics and the interview with the head of the new Customer Relationship Management Team

What is Corporate Performance Management, actually?

What, exactly, does CPM mean? And how does it compare to BI solutions? We cast some light on this topic and explain the fundamentals for you.

Transparency in Financial Controlling Made Easy

How can the financial controller bring transparency into his financial data? We show how an expert solution can pave the way to data transparency, based on real-life challenges. Find out more in our white paper.

International Accounting – Must-Know Differences Between IFRS and US GAAP

Multi-GAAP accounting and consolidation always come with multiple challenges for accountants. This white paper gives you a brief overview of the must-know differences and similarities between US GAAP and IFRS and provides you with some hints and tips on preparing multi-GAAP financial statements.

LucaNet Achieves Strong Results in Many Important KPIs in The BARC Planning Survey 2017

LucaNet achieved top results in the current Planning Survey 17 from BARC. Would you like to learn more about the latest results of the world’s largest user survey for planning solutions? If so, click here for a free download of the summarised results for the CPM solution from LucaNet:

Case Studies
Weidmann Case Study

To stay competitive on the global market, companies are under constant pressure to lower their costs and streamline their processes, especially consolidating financial statements. With this in mind, Weidmann made the decision to implement software from LucaNet.

Thai Union Case Study

Enterprises operating at an international level rely on preparing their consolidated financial statements efficiently and publishing their financial figures quickly. Yet complex group structures and ever-stricter reporting requirements put them in a hugely challenging position. This is why the Thai Union Group relies on LucaNet to design its complex consolidation process – so that it can achieve a fast close.

VANGUARD CASE STUDY

At VANGUARD Group, the use of LucaNet is saving resources and enabling rapid and clear production of consolidated financial statements. Previously, very long system run times, frequent system errors and a lack of support for inter-company reconciliations resulted in significant expenses.

As an innovative technology partner, VANGUARD provides support to hospitals in their efforts to sustainably improve quality and efficiency. The company develops strategies for increasing the long-term cost-effectiveness of medical service providers and implements quality-assured processes to enable optimal use of resources.

HAMPSHIRE HOSPITALITY CASE STUDY

Implementing LucaNet software got 80 hotels on the same page.

DATA-MAIL CASE STUDY

Today’s modern finance department faces many challenges – time-consuming processes, fragile, two-dimensional financial systems that create errors, mismatched data and a lack of transparency. Financial data from different sources and ERP systems needs to be collected and validated in order to ensure consistency throughout all financial statements and the management reporting process. Direct marketing service provider Data-Mail Inc. wanted to simplify the complexity of its business. To this end, they were looking for a financial consolidation and reporting software solution that would guide them through the entire process quickly, transparently and with absolute dependability.

METABO CASE STUDY

As an internationally active group, Metabo is reliant on transparent group accounting. Since the implementation of LucaNet, the enterprise has been benefiting from very high transparency in its consolidation. Differences that arise can be resolved rapidly and straightforwardly. Metabo – this globally recognized brand stands for reliability and competency in manufacturing power tools. The roots of the enterprise date back to 1923. In the Swabian town of Nürtingen, Albrecht Schnizler built the first ever hand drill in his parent’s bakery. Today, the medium-sized enterprise’s range includes machinery and accessories, particularly focused on the core target groups of the metal trade and industry, as well as the building and renovation trades. Production no longer only takes place at the headquarters in Baden-Württemberg, but also in Shanghai. With 23 distribution companies and more than 100 importers, Metabo is successfully represented at an international level.

HEINZ GLAS CASE STUDY

“One set of numbers” – this was the objective the Heinz Group pursued in their search to find a professional software for consolidation, planning, and reporting. The worldwide implementation of LucaNet in the company and affiliated companies has had very positive effects. The traditional glass manufacturer now relies on a unified system that provides more accuracy, efficiency, and transparency when presenting financial data.

CORREVIO INTERNATIONAL CASE STUDY

The work that Correvio International Sàrl had previously done using MS Excel proved to be no longer sustainable. A search was made for a high-performance standard software in the consolidation and planning area. The decision for LucaNet has had very positive effects in the company: The consolidation is now simple to carry out and plannings and reports lend themselves to transparent modeling.

ROCKET INTERNET CASE STUDY

For its first set of consolidated financial statements, Rocket Internet consolidated around 200 companies. What would have been impossible with Excel worked reliably with LucaNet. “To become the world’s largest Internet platform outside of the United States and China” – that’s the mission of Rocket Internet. And the company is currently on the right track. Rocket Internet identifies and builds on tried-and-tested business models and transfers them to new, as-yet untapped markets. Well-known examples of their success include brands such as Delivery Hero, Westwing, Home24, and HelloFresh.

Brochures
LucaNet Data Integration Brochure

With LucaNet, you can easily import and automate your financial data from a wide variety of source systems. You are able to generate a valid database and create that ‘single source of truth’ in the process.

LucaNet app Accounting for Leases

The IFRS 16 accounting standard represents a paradigm shift for companies for the recognition of leasing contracts on the balance sheet. Going forward, most leases are to become an integral part of a company’s balance sheet. The LucaNet app Accounting for Leases helps you to tackle these changes head-on.

Easily Handle Data Entry and Intercompany Reconciliation

Is data entry taking up too much time? Are you grappling with error-ridden Excel reporting packages? Want to improve your intercompany reconciliation process? LucaNet.Group Report is here to help.

Financial Management Made Easy

Easily manage your company with software that delivers clear numbers to financial managers and makes everyday working life easier when it comes to consolidation, financial planning, analysis, and reporting. You’ll find the most important information about LucaNet in our corporate brochure.

LUCANET UNLOCKING FINANCIAL CONSOLIDATION, PLANNING AND ANALYSIS BROCHURE

Complete Financial Performance Management in one single solution.

LUCANET GROUP REPORT BROCHURE

With LucaNet.Group Report, you’ll simplify the collection and validation of data for consolidated financial statements and will make it possible for intercompany reconciliation to occur at a local level.

LUCANET PLANNER BROCHURE

LucaNet.Planner provides you with professional financial controlling and integrated financial planning. The LucaNet.Planner controlling software builds on pre-defined structures and planning logic in all areas, which can be adjusted to the individual needs of your company with just a few clicks.

LUCANET FINANCIAL CONSOLIDATION BROCHURE

LucaNet.Financial Consolidation will walk you through the entire consolidation process, in a way that is reliable and that meets auditing standards. The intuitive operating interface and clear data model layout make every step of the consolidated financial statement preparation process simpler.

Videos
Closing The Books in 8 Instead of 30 Days | Customer Story

It used to take Data-Mail, Inc. 30 days to close the books on each month. CFO Mark Pritchard set out to change that. He adopted the LucaNet system in hopes that it would streamline Data-mail’s processes and unify the ledger structures. It worked. Now it takes them 8 days to close the books.

Empowering Globally Operating Organizations | Customer Story

Find out more about our Group.Report module, which we use to collect, validate and import your data and perform a decentralized IC-reconciliation.

One Tool for all Financial Processes | Customer Interview

Bordeaux Métropole Énergies uses LucaNet for consolidation, budgeting, and reporting. All data is now in a single tool and there is no more need for reconciliation, mapping, and other time-devouring processes.

How Bredenoord Cut its Close Cycle from 15 to 3 Days | Customer Interview

Until a few years ago, Bredenoord relied on Excel to do consolidation and reporting. That was error-prone and time-consuming. With LucaNet, the company is now able to reduce the financial close cycle and focus more on planning.

How Coenergy Uses LucaNet for Consolidation and Planning | Customer Interview

Conergy is one of the world’s largest companies in the solar energy industry providing project development, financing, EPC and O&M services with more than 2GW installed globally.

LucaNet North America LLC | Company Introduction

LucaNet gives you reporting flexibility, source-system integration, automation, budget vs actual comparison, and automatic cashflow generation. You get the time and insights you need to grow and direct your business. With LucaNet, you won’t spend time fighting the software or struggling to make the integration work. For us, it’s all about two things: simplicity and functionality.

International Partner Day 2019

On May 23 and 24, the Alte Börse Marzahn conference center opened its doors for our annual Partner Day. We had two fantastic days with a great blend of presentations, workshops, and lots of inspiring conversations.

LucaNet: International Partner Day

Reaching our goals together” is the idea behind our annual Partner Day where we invite our national and international partners to Berlin. The event aims to encourage the attendants to share ideas and information, shows new possibilities in the software and brings LucaNet and its partners closer together.

LucaNet Jour Fixe

Find out more about our Group.Report module, which we use to collect, validate and import your data and perform a decentralized IC-reconciliation.

LUCANET.GROUP REPORT

Find out more about our Group.Report module, which we use to collect, validate and import your data and perform a decentralized IC-reconciliation.

What is Financial Performance Management

Simple solutions for major challenges: With LucaNet, you’ll bundle all of your financial processes such as consolidation, planning, and analysis in one application, and you’ll receive data that you can rely on at the touch of a button.

Easily Manage Your Financial Data with LucaNet

LucaNet makes the jobs of finance teams easier. Whether you’re a start-up, medium-sized business, or a group: with our software for consolidation, planning, reporting, and analysis, you’ll save time and will obtain data that you can rely upon 100%

How to Consolidate the Financial Statement in a Relaxed Way

When the deadline for the consolidated financial statements is approaching, the nerves are usually on edge. Isn’t there a better way to do this? There sure is!

LUCANET.PLANNER

Enhance the efficiency of your financial controlling and maximize the precision of your planning. Integrate your P&L, CAPEX, and loan planning to forecast Balance Sheet and Cash Flow.

LUCANET.FINANCIAL CONSOLIDATION

Learn more about our approach towards Financial Consolidation, including IC elimination, adjustment postings, currency translation, and much more!