Case Study: Doppelmayr achieves faster, transparent consolidated financial statements with LucaNet

Simple financial consolidation for a complex group

Doppelmayr Seilbahnen GmbH, the world’s leading cable-car manufacturer with operations in more than 40 countries, faced excessive time and resource drains from a legacy consolidation tool that could no longer handle its complex group structure, multiple subgroups and differing accounting standards. To streamline its close process and support multi-standard reporting, Doppelmayr selected LucaNet as its new consolidation solution.

LucaNet provided a centralized, intuitive consolidation platform with automatic currency conversion, multi-standard (e.g., IFRS) reporting and flexible handling of subsidiaries and investments, plus global access to current financial data. As a result, LucaNet enabled faster, more transparent and coherent consolidated financial statements, significantly simplifying the close process and reducing manual effort so Doppelmayr could refocus on its core business.

Doppelmayr

Michael Köb

Group Accounting and International Taxes