Case Study: Management Financial Group achieves faster, more accurate multi-country consolidation with Lucanet

Revolutionizing multi-country financial consolidation and reporting

Management Financial Group, a company handling financial consolidation across numerous entities in seven countries, needed a way to improve data quality, meet strict deadlines, and simplify a complex consolidation process. It turned to Lucanet software to address these multi-country financial reporting challenges.

Lucanet implemented a centralized platform for data management, collaboration, reporting, and consolidation, enabling faster data collection, validation, and intercompany reconciliation. As a result, Management Financial Group reduced its consolidation cycle from seven or more days to just two days, while also improving accuracy, transparency, budgeting, and KPI reporting.

Management Financial Group

Blagovest Vitanov

Head of Group Department Budgeting and Reporting