Case Study: Correvio International achieves rapid, secure consolidation and 70% less planning time with LucaNet

Simply on time with Lucanet for rapid and secure consolidation

Correvio International Sàrl, a Geneva‑based pharmaceutical company operating in about 50 countries, faced unsustainable, time‑consuming consolidation and planning processes built in MS Excel with limited reporting and evaluation options. After a market review the company selected LucaNet (deploying LucaNet.Financial Consolidation and LucaNet.Planner) to replace the old system and meet requirements for rapid, transparent consolidation and integrated planning.

LucaNet was implemented onsite (with consultants supporting data import from MS Excel and Navision) on time and within budget, delivering intuitive operation, error‑free account and cost‑center balances, and full traceability down to document level. The LucaNet solution simplified consolidation and planning, cut planning and controlling effort from ten man‑days to three (a 70% reduction), improved data quality and transparency, and supports US‑GAAP consolidation plus rolling forecasts and multi‑year planning.

Correvio

Michael Grau

Group Chief Financial Officer