Case Study: Kaiserslautern City Council achieves easier municipal financial consolidation with Lucanet

Consolidated municipal financial statements under control

Kaiserslautern City Council faced the challenge of preparing consolidated municipal financial statements, a complex process for cities and municipalities. It turned to Lucanet and its consolidation software for municipalities and cities to help manage the consolidated opening balance sheet and related reporting tasks.

Lucanet streamlined intra-municipality debt elimination, equity elimination, and valuation under the equity method, while also allowing the council to attach comments and evidence directly in the system for auditors. The result was less manual work, faster report creation, and the ability to generate binding templates and individual reports at the press of a button, significantly reducing ongoing effort.

Kaiserslautern City Council

Alexandra Petrick

Coordinator