Customer Story
One tool for all financial data
Success story Berndorf AG
With Lucanet, Berndorf AG found a software solution that combines consolidation, reporting, and planning and takes group-wide financial data management to a higher level.
How Berndorf uses Lucanet software:
- A group-wide unified database
- Fast consolidation
- Automated balance sheet planning
- Consistent reporting
About the company
Berndorf AG brings together more than 60 globally active, medium-sized industrial companies that are mainly active in the high-tech segment of metalworking. The companies of the Berndorf Group are among the hidden champions of the Austrian and German export industries.
Lucanet is exactly what we were looking for: a holistic tool for reporting, consolidation, and planning that impresses with its user-friendly design and easy handling.
Stephan Vock
Head of Finance
The challenge
Reliable financial data at a glance
All important financial figures in one software solution. Fast, efficient data collection from a wide variety of source systems. Consolidation, financial planning, and reporting in an all-in-one package. As little manual work as possible. These were the main requirements that the finance team at Berndorf AG had for new software.
This was because the old solution had reached its limits with the new requirements, and the subsidiaries were also hardly able to derive any added value from the reported figures.
The solution
Lucanet as a single point of truth
"One of the biggest challenges for our team is the fast and high-quality processing, analysis, and preparation of our group's financial data," says Stephan Vock, Head of Finance at Berndorf AG. Now the subsidiaries and investors can easily import their data into Lucanet from different source systems such as SAP, Pro-Alpha, ABAS, and Excel via direct interfaces. The automatic validation of the data and the intercompany reconciliation is then performed there. Stephan Vock is thrilled: "It was important for us to have as much data as possible in one database, but of course we also wanted to ensure good data quality and smooth data entry for our subsidiaries. And it works! Since we started working with Lucanet, data preparation and analysis has become significantly faster and of better quality."
Lucanet's financial performance management software also offers Berndorf major advantages in the areas of consolidation, reporting, and planning. Efficiency and speed are the keywords here. The consolidation run is fast and smooth, the financial planning simple and comprehensible. And Lucanet's reporting functions ensure that the figures are analyzed and prepared well. All in all, Lucanet serves as an all-round package that provides great simplification and time savings for both the team at the corporate headquarters and the subsidiaries.
How Lucanet benefits Berndorf:
- Less manual work
- High data quality
- More time for analyzing figures
- Satisfied subsidiaries