Case Study: edding achieves faster, higher-quality consolidated financial statements with Lucanet

edding chooses the smart solution for consolidated financial statements

edding AG, the parent company of an international group, needed a faster and more reliable way to handle controlling, accounting, and consolidated financial statements. Its previous Excel-based process caused time delays and quality loss, while the company also needed to manage planning, quick reporting, and currency translation differences.

Lucanet was selected as the solution after a business consulting firm evaluated edding’s requirements. Using Lucanet’s software for consolidation, IFRS reconciliation, and financial planning, integrated with SAP and customizable reporting wizards, edding prepared its first annual financial statements with just a click. The finance team reported major time savings and quality gains, along with better integration of all parts of the consolidated financial statements and improved handling of currency translation differences.

edding