Case Study: Tengelmann achieves full transparency in financial data with Lucanet

Full transparency of financial data

Tengelmann, a major retail holding company, needed a more flexible and transparent way to handle group consolidation and reporting after a strategic realignment. With around 60 reporting entities and multiple subgroups, it was looking for software that was easy to use and could provide clear visibility into key financial figures; it chose Lucanet for consolidated financial statements, quarterly reporting, and related finance processes.

Lucanet implemented an almost fully automated consolidation and reporting solution, including cloud-based access through Lucanet.Cloud. Tengelmann can now generate management and bank reports faster, consolidate the group with a click, and work with greater transparency and user-friendliness. The company also reported lower costs than its previous software, less IT administration, and reliable access to financial data anytime, anywhere.

Tengelmann

Melanie Naglschmidt

Finance Manager