Case Study: FläktGroup achieves reliable global consolidation and saves 3 working days per month with LucaNet

How financial consolidation works at a company with worldwide 50 entities

FläktGroup, the European market leader in energy‑efficient indoor air technology with ~3,600 employees and operations in over 50 countries, struggled with unreliable global reporting and outdated consolidation software that left teams dependent on error‑prone Excel workarounds. To standardize IFRS annual statements and improve data quality across roughly 50 entities, the company selected LucaNet’s consolidation and financial reporting software.

LucaNet implemented a single, global system that unified all currencies, automated currency differences and consolidation status, and eliminated “shadow reporting” by giving every controller direct access to the same numbers. The result: faster, more consistent consolidated financials, customizable views for finance teams worldwide, and an average gain of three working days per month for the group.

FläktGroup

Daniel Jennings

Group Financial Accountant