Case Study: Polytan GmbH achieves effortless international consolidation with Lucanet

Sports industry provider manages international consolidation at just a press of a button

Polytan GmbH, a fast-growing sports industry provider, needed sophisticated financial software to handle group-wide consolidation, controlling analyses, and planning as its international operations expanded. The company was struggling with complex currency translation and had previously relied on Excel, making consolidated financial statements difficult to manage.

Lucanet provided an integrated solution that combined planning and consolidation in one module and supported complex currency translation requirements. Implemented quickly and smoothly, Lucanet enabled Polytan to centralize consolidation, reporting, and group planning, automate multi-level HGB consolidation, and reduce double currency translation to a button press, delivering faster and easier financial processes across the holding.

Polytan GmbH

Mathias Schwägerl

Head of Controlling and Accounting Standard