How did you come across Lucanet and how did it come to your attention as a financial software provider?
Our relationship with Lucanet goes way back, we have been working together for more than 20 years, from its beginnings in Germany.
During this time, we have witnessed first hand with hundreds of clients, that when the financial manager, controllers and accounting department get to know Lucanet, they value it highly as a simple to use solution for managing financial performance.
Lucanet is the perfect financial managment solution for enterprises across all sizes and sectors, and with more than 200 standard interfaces with ERP systems and financial accounting, it leaves nothing to be desired in terms of integration.
We believe that it is the ideal software for preparing financial statements, financial planning, reporting and managing data, and has been recognised by users for its ease of use and performance on countless occassions.
What characteristics make Lucanet the perfect consolidation, planning and financial reporting software for PAS?
If we are speaking generally, what stands out most to us is how simple the software is to use. In just a few short weeks, it is possible to familiarise yourself, as it is very intuitive and visual for the user. Its speed and precision could not be beaten, and we are sure that it is the most comprehensive software on the market.
In regards to consolidation, Lucanet covers all the steps to prepare consolidated financial statements. From individuals to standardising entries, consolidation with accounting standards such as NIIF or US GAAP, and the actual consolidation based on elimination wizards and automatic adjustments. These wizards are made available to the user, they facilitate the whole process of full automation with a correct execution framework for any type of consolidation.
If we are talking about planning, Lucanet allows you to carry out all the forecasts and scenarios in a simple, quick and transparent way. As the entire model always recalculates in real time, any changes at the cost center, company or group level are immediately visible. Lucanet provides a large number of templates and wizards to create a plan, which allows its users to develop plan time series quickly and simply.
Reporting in Lucanet is essential to avoid Excel spreadsheets becoming unmanagable. To prepare for NIIF or US GAAP financial statements, you can trust PAS as experts in the automization of this process which includes the transfer of data from any ERP or Spreadsheet, document information such as cost centers/units of cost, interlocutor codes and types of transaction, currency conversion, account mapping and subsequent adjustments up to consolidation.
All of this is connected live through an Excel add-in with which Lucanet can create all types of sophisticated reports.
You have clients in various countries, what has enabled PAS to extend its operation into Spain and Portugal? What are your expectations in this market?
Actually, as well as Germany, we have clients in the United States, France, Switzerland and Austria, among those are Sixt, Mercedes, Delivery Hero, Bayer, On, Deepl and Biontech.
We have just begun our first projects in Spain and Portugal, and the movtivation for this expansion forming experienced teams there and transferring our Hispanic-speaking professionals, is because in conjuction with Lucanet, we have seen that financial departments in Spanish enterprises are becoming aware that using tools that help to optimize and digitalize these financial processes is the key to success.
We believe that the digitalisation of financial features is inevitable. The financial feature of the future is digital and this will require a cultural and technical transformation not only of the financial features but of the whole enterprise. The opportunities for the financial department to actually contribute to maximize the performance and the value of the enterprise are enormous.
What complementary services does PAS support their clients with? Could you give us an example?
Microsoft
At PAS we have a team of experts across Microsoft. We have seen, as a technological partner, that it compliments Lucanet perfectly. We believe that Microsoft and its ecosystem offer the appropriate technologies to meet the challenges faced by the financial departments, allowing employees to work more efficiently.
Based on our clients requirements, as PAS we have developed a reference model called PAS Modern Finance with the latest Microsoft technology. We base ourselves on real approaches, such as “Modern Data” and “Low Code”, accelerating previous methods of work and reducing the development work on an ERP level. The model is consistently perfected and it is particularly suitable for clients with Dynamics 365 Finance or Dynamics 365 Business Central, but also with other ERP systems.
To be a partner of Microsoft and to have a complete team in their setting is an added value that increasingly more clients require on the way towards greater digitalization.
Solution for disclosure management and ESG reporting
At PAS, we rely on Lucanet´s disclosure management solution, that provides an editor system, to increase the efficiency of creating annual reports, iXBRL messages and to apply ESEF requirements. In addition, Lucanet also offers an advanced solution for ESG reporting.
We believe that in a time of increased compliance requirements and reporting, as well as the liability of digitalised reports, it is a secure value.
Contact us
Would you like to get to know PAS better, and can we help you improve your finanical processes through Lucanet solutions?
Get in touch:
Íñigo Linaza, Financial Optimization Manager at PAS
Patrick Strehl, Financial Optimization Manager at PAS
