Case Study: Rocket Internet achieves reliable, time‑saving consolidation of 200 subsidiaries with LucaNet

One set of consolidated financial statements

Rocket Internet faced the challenge of producing its first consolidated financial statements for a rapidly growing group of around 200 subsidiaries, requiring a new group accounting process and software that could handle hundreds of entities and multiple accounting standards (HGB and IFRS). Rocket Internet selected LucaNet, using LucaNet CPM software, to replace error-prone Excel processes and support mapping, consolidation and data integration across its complex, evolving group structure.

LucaNet implemented its consolidation solution to deliver reliable, transparent consolidated profit and loss, balance sheet and cash flow statements, and disclosures across hundreds of companies and sub-groups. The LucaNet implementation handled consolidation under both HGB and IFRS, went smoothly, and gave Rocket Internet greater flexibility and transparency while producing dependable numbers — resulting in a successful consolidation of ~200 entities and significant time and cost savings for the finance team.

Rocket Internet

Paul Stander

Head of Group Accounting National