Case Study: WEIDMANN achieves 90% faster reporting and streamlined consolidation with LucaNet

Starting Fresh in Reporting with LucaNet

WEIDMANN, a global supplier of engineered products in electrical and medical industries, faced growing transparency, accuracy, and multi-currency reporting demands while relying on error-prone Excel/Visual Basic processes for global consolidations. To replace tedious manual reporting and reduce late-night debugging, WEIDMANN adopted financial performance management (FPM) software from LucaNet.

LucaNet linked directly to subsidiaries’ SAP systems, automated intercompany reconciliation, streamlined multi-currency conversions and US GAAP sub‑consolidations, and enabled push‑button reporting and reliable historical data. As a result, LucaNet helped WEIDMANN cut report generation and processing time by about 90%, improved accuracy and transparency, and freed finance staff to focus on analysis and strategic decision support.

Weidmann

Carol Martin

Head of Group Accounting & Reporting