We’ll help you set up your CPM software correctly. Good software deserves experienced consultants.
One of the leading suppliers of Corporate Performance Management tooling for mid-market companies in the world. Where many tools are either too complex to allow a financial to be in control, or too simple to meet all challenges, Lucanet has developed a tool that does work for the financial. Lucanet can be used for consolidation, budgeting and forecasting, and reporting. Because Lucanet’s engine is based on OLAP technology, you can easily slice and dice your analyses within the tool. In addition, the OLAP technology ensures that your information appears immediately on the screen.
Arithma was founded by the two experienced Lucanet consultants who together have run 150+ projects. In doing so, they have developed a vision in which they believe in end-user empowerment. Guidance in the basic setup and informing the customer about the consequences of decisions during the setup play a key role. Finally, good content support is always important. We understand better than anyone that problems during the shutdown period need to be resolved quickly.
With over 300 standard import interfaces to all common accounting and ERP systems, you can often retrieve data from your source system down to the transaction level. In addition, Lucanet can also easily handle audit files, Excel files, and you can, for example, also unlock a DataWareHouse. Finally, you can also enter data directly into Lucanet.
Based on the unlocked data from your accounting/ERP, Lucanet can often already map the IC ratios. You can then immediately start your IC reconciliation. After that you can easily do your consolidation, and this can be done according to multiple structures. Think of a legal or business line structure or even a fiscal unity. Of course, currency translation, minorities and capital consolidation according to net asset value are also supported.
Within the Lucanet solution, up to 999 different budgets and scenarios can be presented. These can be loaded from Excel or built using the tool. In addition to direct input, extrapolations, P*Q calculations, indexations and other forms of driver-based budgeting are also possible. The good Excel integration ensures that you can easily create query formats.
Debit equals credit. Logical for realization, but for budgets this can be tricky. Lucanet has built-in posting rules that translate your budget into journal entries. So you can easily indicate that your turnover is paid within 30 days, and that you transfer vacation pay once a year. You can also easily indicate your investments and loans within the system, and determine how you want to proceed with the overflow from the current assets and liabilities between realization and the budget/forecast. Your (indirect) cash flow forecast is then an outgrowth of this information.
Within the Lucanet solution you can easily compare your figures, but of course you also need to report. This can be done using Lucanet’s KPI dashboard, but you can also define your own reporting templates. The beauty of this is that the end customer can customize this completely to their own liking. Do you report to internal management, the board, the bank or another stakeholder? Lucanet can support you in each of these reports. Lucanet also integrates with your BI solution.
In addition to the usual financial metrics, these days we also have to deal with ESG reporting, with a greater focus on compliance. The Lucanet solution can help collect the relevant KPIs around the CSRD and ESRS reporting standards, where you can choose, for example, to extract specific information around HR from your datawarehouse and request other information via online forms.
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