Simple financial consolidation for a complex group
Success story Doppelmayr Seilbahnen GmbH
Doppelmayr is a complex group with multiple subgroups. Nevertheless, it wants to produce its consolidated financial statements coherently, transparently and efficiently – an aim that proved impossible with its old consolidation tool, which burned through the group’s time and resources. LucaNet helped Doppelmayr turn things around.
How Doppelmayr uses LucaNet:
- Consolidated financial statements
- Closing in accordance with various accounting standards
- Automatic currency conversion
With LucaNet, we've significantly simplified our consolidation process. Complex relationships between companies can be represented at the press of a button in a manner that saves on time and costs. This is essential to our ability to concentrate fully on our core business.
Global access to centralised data
One factor that makes life much easier for Doppelmayr is the LucaNet software’s intuitive interface. Even employees with minimal IT skills quickly get used to operating it and can carry out consolidation without any additional help once they have received the initial training. “What makes LucaNet special is its reliability when used in an international context,” Michael Köb explained.
LucaNet makes it possible to incorporate international subsidiaries and investments in flexible ways. As a result, every branch can access the current financial data. It also comes with another benefit: As well as drawing up financial statements according to various accounting standards, such as IFRS, it offers automatic currency translation and multiple language settings for its user interface. All these advantages have helped Doppelmayr achieve its goal, as Michael Köb explained: “In just a short time, our group data had become coherent and transparent.”