Case Study: Astroscale achieves 80% consolidation cost savings with Lucanet

How a space industry start-up reduced its consolidation costs by 80%

Astroscale, a fast-growing aerospace startup with subsidiaries across several countries, needed a more affordable way to handle increasingly complex financial consolidation and to keep a close eye on burn rate. Its previous outsourced approach was costly and limited the company to quarterly reporting, leaving management with less timely visibility into financial performance. Lucanet software was selected to support the finance team’s consolidation and reporting needs.

With Lucanet, Astroscale implemented a self-service consolidation process for just two users, enabling monthly consolidated reporting, custom KPI tracking, and budget-versus-actual analysis. The process was completed in a few days, improved reporting accuracy and transparency, and reduced consolidation costs by 80%. Lucanet also helped Astroscale monitor financial health more efficiently, all without adding extra reporting costs.

Astroscale

Ai Makino

Chief Information Officer