Case Study: Mylight150 achieves a monthly close in 5 days with Lucanet

How Mylight150 cut its monthly close by 15 days and strengthened investor-grade trust

Mylight150, a fast-growing designer and distributor of residential photovoltaic systems, faced a major finance challenge after crossing the consolidation threshold. With a team of ten handling statutory reporting across four countries, the company was still relying on fragile spreadsheets, inconsistent trial balances, and slow monthly reporting, leaving investors waiting nearly three weeks for visibility. Lucanet was chosen to help replace that manual process.

Using Lucanet’s self-configured consolidation and reporting software, Mylight150 connected subsidiary data into a single multidimensional database with automatic intercompany reconciliation and audit trails. The result was a monthly close reduced from 20 days to 5, plus stronger reliability and investor-grade trust. Lucanet also enabled one consistent data set for management reporting, statutory statements, forecasting, and five-year planning.

Mylight150

Gwendal Roux

Head of Management Control & SI