LucaNet for financial consolidation: what it is and how it can help your corporate group

When a company grows — more entities, more data sources, more reporting demands — financial management becomes one of the organisation's biggest bottlenecks. Manual spreadsheet-based processes stop being viable and decision-making slows down. LucaNet is a platform specialised in financial consolidation, planning and reporting designed precisely to solve this problem.

What is LucaNet?

LucaNet is a financial management platform developed by LucaNet AG that centralises and automates four major areas of corporate finance: financial consolidation, planning and budgeting, reporting, and ESG/sustainability information management. Its value proposition targets mid-size and large companies, corporate groups and organisations with multiple entities that need a single, consistent and auditable view of their financial position.

At The BigTech Experience we have incorporated LucaNet into our technology solutions portfolio. We are not the official LucaNet AG website, but we support organisations in the evaluation, deployment and adoption of the solution within their real processes.

The problem it solves: slow and fragmented consolidations

Many growing companies still close their financial statements with spreadsheets circulated by email between departments, with uncontrolled versions and a permanent risk of error. Some of the most common symptoms we encounter when talking with CFOs:

• Close processes that consume weeks and depend on the manual involvement of multiple people.
• Excessive dependence on Excel, with files that lose traceability and cause inconsistencies.
• Fragmented financial reporting, built with different criteria depending on who prepares the report.
• Lack of traceability and control, which makes auditing and financial governance of the group more difficult.

LucaNet tackles these problems with a unified platform that turns manual processes into automated, auditable workflows.

The four main areas of LucaNet

Financial consolidation

LucaNet's consolidation module centralises and automates the entire financial close process for corporate groups with multiple entities. It allows consolidating balance sheets, income statements and cash flows under different accounting standards (IFRS, HGB, PGC…) with complete traceability of every adjustment and intercompany elimination. The result is a financial close up to three times faster than with manual methods.

Planning and budgeting

LucaNet allows building financial planning scenarios, departmental budgets and plan-versus-actual comparisons in real time. Finance teams can work with scenario simulations (optimistic, base, pessimistic) without leaving the platform, eliminating the dependence on Excel files disconnected from actual data.

Financial reporting

LucaNet's reporting layer generates consistent, traceable financial reports oriented towards decision-making. Reports can be customised for different audiences — board of directors, finance management, shareholders — and published automatically without additional formatting work.

ESG and sustainability

LucaNet includes specific functionality for the preparation and management of ESG information, allowing organisations to comply with growing sustainability reporting requirements (CSRD, GRI, etc.) from the same platform that manages their financial data.

What type of company is LucaNet designed for?

LucaNet is a particularly suitable solution for:

• Corporate groups with multiple entities that need a consolidated view of the whole.
• Companies with several subsidiaries managing intercompany eliminations and consolidation adjustments.
• Companies with complex reporting, both internal and for external auditors or investors.
• Finance teams with a high manual workload looking to free up time for higher analytical value tasks.
• Growing companies anticipating greater financial complexity as they expand geographically or by sector.
• Organisations with ESG obligations that need to consolidate non-financial data alongside financial data.

What The BigTech Experience's consulting support brings

Adopting LucaNet is not just a technical matter: it requires a thorough understanding of the organisation's current processes, defining the consolidation model, configuring integrations with each entity's accounting systems, and ensuring that the finance team adopts the tool in their day-to-day work. Our working approach follows four phases:

1. Diagnosis: we analyse the current consolidation, reporting and planning processes and identify the main bottlenecks.
2. Solution fit: we jointly assess whether LucaNet meets the organisation's actual needs and define the project scope.
3. Deployment: we support the go-live, integration with existing accounting systems and configuration of workflows.
4. Adoption: we ensure that the finance team incorporates LucaNet into their daily processes and gets maximum value from the investment.

Results that can be expected

Organisations that implement LucaNet with a good adoption process report results such as: significant reduction of manual work in the financial close, acceleration of consolidation timelines from weeks to days, improved traceability and confidence in data, and the ability to generate high-quality reporting without additional effort. The centralisation of information also facilitates external audits and reduces the operational risk associated with manual processes.

Frequently asked questions about LucaNet

Does LucaNet replace each entity's ERP?

No. LucaNet integrates with each entity's existing ERP systems — SAP, Dynamics, Navision, ERPCloud or others — and acts as a consolidation and reporting layer on top of them. It is not a transactional system but a financial performance management platform.

How long does it take to implement LucaNet?

Implementation time depends on the complexity of the group and the number of entities to be consolidated. A typical mid-scope project can be up and running within a period of 3 to 6 months, including integrations, consolidation model configuration and team training.

Is ERPCloud required to use LucaNet?

No. LucaNet works completely independently of whichever ERP each entity in the group uses. The BigTech Experience offers LucaNet as a standalone solution, although it can also be integrated with ERPCloud if the organisation uses it as its management system.