LucaNet ▷ Efficient software solution

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.

LucaNet's standardised and industry-independent software, certified in accordance with IDW PS 880 and the international audit standards of ISAE 3000, covers the areas of consolidation, planning and reporting. With over 5,000 customers worldwide, including well-known companies such as Toshiba, Leica, Condor, Roland Berger, Engel & Völkers, Thai Union and Rocket Internet, LucaNet has established itself as a reliable partner in the financial sector. The continuous further development and international orientation are also reflected in LucaNet's ongoing success story.

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.

EFFECTIVE DATA COLLECTION AND INTER-COMPANY RECONCILIATION WITH LUCANET.GROUP REPORT

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

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AT THE PUSH OF A BUTTON

LucaNet guides business users in a targeted and automated manner through the entire process of creating financial statements:

Mapping of multi-level group structures
Preparation of financial statements according to different accounting standards
Automated consolidation run for all consolidation steps (on all hierarchy levels)
- Consolidation of investments (mapping of all common procedures: complete, proportionate, at equity)
- Consolidation of expenses, income and debt
- Elimination of intercompany profits
Automated complete documentation of all accounting transactions
Automatic foreign currency conversion (e.g. direct transfer of exchange rates from the ECB)
Segment consolidation

FROM PERFORMANCE PLANNING TO LIQUIDITY PLANNING - INTEGRATED BUSINESS PLANNING WITH LUCANET

The basis for effective and successful corporate management is an integrated planning model. LucaNet optimizes the planning process and links income statement, balance sheet and cash flow planning. This allows for a more reliable forecast regarding profits and liquidity.

Fully integrated P&L, balance sheet and cash flow planning
Scenarios and forecasts for any length of time
Automatically generated integrated corporate planning (P&L, balance sheet, liquidity)
Standardized planning forms
Complete Excel integration

OPTIMIZATION OF CORPORATE MANAGEMENT WITH INTEGRATED REPORTING & ANALYSES

Comparison (e.g. actual/actual previous year/forecast/budget)
Management cockpit
Ad-hoc reporting
Automated report generation using LucaNet.Excel Reporting and Excel Pivot
Flexible KPI definition

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 LucaNet.cloud 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 LucaNet.cloud 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.

EFFICIENT DATA COLLECTION

LucaNet enables the automated recording of relevant ESG data, which saves time and reduces the susceptibility to errors.

COMPREHENSIVE ANALYSIS

LucaNet's powerful analytics capabilities help companies identify patterns and trends in their ESG data.

COMPLIANT REPORTING

LucaNet makes it easy to create reports that comply with legal requirements while providing clear insights into the company's ESG performance.

FUTURE SECURITY

Through continuous updates and adjustments, LucaNet ensures that companies can also fulfil future ESG requirements.

At a time when ESG is increasingly coming into focus, it is crucial that companies act proactively and take the necessary measures. The WTS Advisory and LucaNet team is your reliable partner on this journey, helping you not only to fulfil ESG obligations, but also to use them as an opportunity for sustainable development and strengthening your company's reputation.

For more information on ESG reporting with LucaNet, please contact us and we will be happy to support you in successfully mastering the ESG challenges.

As a certified LucaNet partner, WTS Advisory is your competent partner. Our team will be happy to support you with all questions and topics relating to LucaNet.