Case Study: Vanguard AG achieves fast, transparent consolidation with LucaNet

Secure and transparent consolidation made simple

VANGUARD, a Berlin-based medical remanufacturing company with 1,300 employees, needed a faster, more reliable way to handle planning, budgeting and group consolidation after Excel-based processes caused long run times, frequent errors and costly manual reconciliations. They selected LucaNet and its consolidation and financial planning software—recommended via Sage—to replace the fragile spreadsheet processes and meet requirements for foreign-currency translation, intercompany reconciliation and support for HGB and IFRS reporting.

LucaNet implemented a rapid, transparent consolidation solution that was quickly integrated and now supports group consolidation, cost-center and cost-unit mapping, and consistent, traceable planning. As a result, LucaNet eliminated the previous system bottlenecks (previous run times of up to eight hours), optimized resources, delivered faster and clearer consolidated financial statements, and enabled reliable multi-client reporting and regulatory-compliant financial presentations.

Vanguard AG

Carsten Schlurmann

Group Accounting Department