Customer Story
As IronMaxx scaled its operations internationally, the finance team faced challenges to improve efficiency, compliance, and data transparency. Lucanet helped transform their reporting processes, saving time, reducing manual work, and integrating seamlessly with key platforms like SAP and Power BI.
1 day
saved on monthly reporting
3 months
faster in audit readiness
IronMaxx is a company that specializes in the wholesale of sports nutrition products such as whey or vegan protein powders. As the company expanded, its financial processes needed to keep up with increasing complexity and audit requirements.
Time-saving measure was definitely automating the whole monthly reporting, because we are able to kind of just press a button and then we are done with it.
Miriam Klein
Financial Controller
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IronMaxx is a rapidly growing company that has become widely known for its fitness and nutritional products. As operations grew, so did the complexity of monthly closings, audit preparation, and compliance reporting. Spreadsheets and manual processes were no longer enough. Each month, the team spent nearly a day and a half preparing reports. They tediously collected, verified, and formatted data from multiple systems. This manual workload left little time for real analysis, strategic planning, or cross-functional collaboration.
The stress didn't stop at monthly reporting. Annual audits were a significant challenge. Despite their best efforts, the finance team often couldn't finalize the necessary data until June or July. This late delivery put pressure on audit timelines, increased the risk of compliance issues, and meant long hours reconciling figures that had been compiled manually. The lack of a centralized, trusted data source created uncertainty and made it harder to respond confidently to auditors or stakeholders.
Using SAP Business One as ERP required IT support and time-consuming data exports. The finance team demanded a modern, flexible solution to keep pace with business growth, support regulatory compliance, and free up time for real financial insights.
Lucanet provided exactly what IronMaxx needed: a unified, intelligent platform that made finance faster, easier, and more accurate. With Lucanet, the finance team was able to automate the entire monthly reporting process. What used to take a day, and a half was now completed in minutes, literally with the push of a button said Miriam Kleid, Controller at IronMaxx. This automation not only saved valuable time to the team but also gave them the space to focus on higher-value tasks like financial analysis and strategic planning.
One of the most impactful changes came in audit preparation. Thanks to Lucanet’s structured data management and Disclosure Management solution, IronMaxx could now deliver audit-ready reports in February or March, which is 3 months earlier than before. The entire audit cycle became more predictable and less stressful. Auditors gained confidence from the transparency and consistency of the reports, and the finance team regained control over the process. This shift dramatically improved both internal workflows and external trust.
Lucanet’s compatibility with SAP Business One, and Power BI also proved crucial. The integration process was fast and seamless, eliminating the need for extensive IT involvement. Financial data could now flow easily between systems, enabling real-time insights and reporting across the organization. With a single source of truth, IronMaxx no longer had to worry about version control, inconsistent data, or delays. Lucanet empowered the team with a clear, accurate view of the business, making finance not just more efficient, but more strategic.