Case Study: Bredenoord achieves a reduction of its financial close from 15 to 3 days with LucaNet

How Bredenoord cut its close cycle from 15 to 3 days

Bredenoord, a family-owned developer and operator of decentralized energy systems, was using Excel for consolidation and reporting, a process that was error-prone and time-consuming and led to a monthly close cycle of around 15 days. To modernize its financial consolidation, planning and reporting, Bredenoord adopted LucaNet’s consolidation and planning solution.

LucaNet replaced the spreadsheet-based processes with an automated consolidation, budgeting and forecasting platform, streamlining management reporting and scenario planning. The implementation cut Bredenoord’s close cycle from 15 days to 3 days, reduced errors and freed the finance team to focus more on planning and analysis.

Bredenoord