Case Study: Sourceability achieves 50% time savings in finance processes with Lucanet

Electronics producer reduced its consolidation and budgeting process by 50%

Sourceability, an electronics producer with multiple revenue streams and global operations, needed a more efficient way to handle consolidation, budgeting, planning, and reporting. Its finance team was struggling with manual spreadsheet-based processes, version control issues, and time-consuming reporting across subsidiaries, making it difficult to quickly compare actuals versus budgets and forecasts. Lucanet provided the software to help address these challenges.

With Lucanet, Sourceability implemented an integrated one-source-of-truth platform that automated intercompany reconciliation, financial consolidation, and budget planning, while improving transparency and drill-down visibility. The result was a self-service process for a lean three-person team, faster on-demand reporting, and a 50% reduction in time spent on end-to-end finance processes. Lucanet helped Sourceability make its budgeting process more structured and efficient, with smoother updates and better data accuracy.

Sourceability