Transforming financial planning, reporting and consolidation processes

Rapid changes in the market require dynamic changes to financial management and automation of related processes. Thanks to PwC's comprehensive approach and the use of system solutions such as the Lucanet tool, these processes can be made faster and more efficient. 

The Lucanet tool uses the latest cloud technologies to manage financial processes

CFOs are responsible for managing performance and achieving the company's financial goals. Therefore, they must choose a management strategy and tools that focus on collecting, analysing and evaluating financial and non-financial data. They must also meet legislative and regulatory requirements.

The Lucanet solution effectively automates finance department processes, such as preparing monthly and annual individual and consolidated financial statements.

It also summarizes financial and non-financial data from multiple organizational units, creating a single and reliable source of data for the entire group. It aggregates and merges data from various sources, which it automatically transforms into a unified structure, which subsequently allows you to generate reports for individual organizational units, the entire company, or companies in a consolidated entity. 

Don't waste time performing inefficient processes. Advanced technology, process transformation and automation, and accurate data will increase efficiency and facilitate faster decision-making.

5x

faster financial consolidation

360+

hours saved thanks to greater efficiency

100%

of consolidation adjustments in real time

100%

information and data security thanks to ISO 27001/27017 and 27018 certificates

(Data from surveys of Lucanet users)

What are the benefits?

Generate reports in static or dynamic format tailored to your needs. Apply consolidation adjustments quickly and easily when preparing consolidated financial statements.

The software enables automatic data collection and processing from various sources. Processes that were previously performed manually can now be fully automated, saving time and effort that can be used for other tasks.

Manage data from all organizational units and analyse it from different perspectives.

The software eliminates the need for manual data entry and processing, minimizing the risk of human error. It also provides quick access to the latest and most consistent information, making it easier to make decisions based on reliable and trustworthy data. 

Build a single information database that collects and merges data from various sources, allowing tracking and monitoring. Track operations from the source document to their final impact on the company.

This capability enables more transparent information management and ensures rapid identification of discrepancies and deviations, allowing for better control of individual operational processes and more effective risk management.

The proposed solutions offer advanced data protection mechanisms, such as authorization, authentication and encryption. This ensures a high level of security of confidential business information, which is of utmost importance in an era of rapid technological development. The software can also manage user permissions to control access to data and prevent unauthorized activities.

How can we help you with implementation?

PwC supports its clients throughout the entire financial transformation process, which includes analysing current processes, assisting in developing a financial transformation strategy, selecting appropriate tools, and implementing and maintaining technologies.

Thanks to our experts’ experience from various financial departments and their knowledge of best market practices and procedures, we are able to provide effective support and assistance at every stage of implementation.

We undertake the following:

  • Implementation of the Lucanet solution (including diagnostics) ensuring optimal adaptation of the technology to individual processes and that the needs of the finance team are met 
  • Technological support after implementation 
  • Further development and reconstruction of implemented systems and training for finance teams
  • Preparation of consolidated financial statements by PwC on the Lucanet client platform

Why are the advantages of implementing Lucanet with PwC?

PwC Slovakia is an implementation partner of Lucanet 

Our team consists of experts with many years of experience of financial process transformation. Our strategic partnership with Lucanet allows us to help clients with the implementation of this solution, ensure its optimal architecture, and transfer knowledge and expertise via training tailored to employee needs.

Individual approach

An individual approach and understanding of the client's needs allows us to develop a solution tailored to a specific company, manage the entire process from assistance with creating a strategy to implementation, and provide users with support and assistance.

Contact us

Lukáš Ciran

Lukáš Ciran

Director, Assurance, Capital Markets and Accounting Advisory Services, PwC Slovakia

Tel: +421 904 941 464

Martin Petrek

Martin Petrek

Manager, PwC Slovakia

Tel: +421 903 863 433

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