Case Study: Neutrik achieves faster, error-free consolidation with Lucanet

Faster consolidation without error-prone spreadsheets

Neutrik AG, based in Liechtenstein, wanted to improve data quality and make its consolidated financial statement process more professional after relying on error-prone Excel spreadsheets. The company turned to Lucanet software to replace its manual consolidation approach and better manage financial data across systems.

Lucanet implemented a real-time consolidation solution with a simple SAP interface, importing transaction data, balances, cost centers, and categories from SAP, Excel, and other reporting packages. The solution also enabled drill-down to individual postings and automated key consolidation steps such as intercompany eliminations, helping Neutrik consolidate faster, reduce errors, and produce transparent reports and analyses for different stakeholder groups.

Neutrik

Markus Konzett

Director of Finance & Controlling