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Data validation has never been easier.

Expert software for automatic data validation


The lack of quality in financial data, which is usually drawn from a range of different system landscapes and source systems, represents a huge challenge for many Finance departments.

Say goodbye to financial data that needs to be painstakingly incorporated into reports and integrated into plans and consolidated financial statements without first being validated. LucaNet can give you a professional solution for simple data collection and reliable data validation.

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How software for data validation makes your life easier

Automation

LucaNet’s solution for data collection and validation makes it easy to set up the report layout for the collection of actual and planning data. It also provides automatic validation for the data you collect.

Flexibility

The LucaNet software is tailored to your individual needs, with options such as custom validation rules and test routines for the validation of actual and planning data.

Traceability

LucaNet’s built-in status monitor makes the entire data collection and validation process transparent across all of the reporting units involved, giving you all of the material information you need for IC reconciliation.

Data transfer

With LucaNet, you’ll benefit from automatic importing of data. Data collection can be handled manually, or it can be automated; interfaces to LucaNet and MS Excel are of course available to you.

Speed

LucaNet offers an easy way to improve the quality of your data and the efficiency of your processes by automating many of the steps involved.

Security

The program’s data collection process is designed in such a way that it cannot be finished until all the validation rules have been fulfilled (and the IC reconciliation is complete, where applicable).


These LucaNet functions give you maximum data quality

  • Automated validation options
  • Workflow support via integrated task management
  • Transparency about the state of data collection
  • Secure and error-free data transfer
  • Data files that can be audited
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Easily manage the process of data collection

  • LucaNet provides an intuitive interface for setting up data files.
  • The contents can be freely defined by the user.
  • Changes are made in a centralised fashion for all reporting units.
  • The layout can easily be modified by users at any time.
  • Dispatch of the reporting packages to the person in charge at the reporting units via the LucaNet task management feature.
  • The tasks are generated automatically by the system.
  • Communication with the reporting units on deadlines for data submission is handled using task milestones.
  • The reporting units are automatically informed about the new task.
  • It is also possible to provide additional information (instructions for completion, supplementary documents) within the task.
  • There is no longer any need to send bulky Excel files via e-mail.
  • In addition to entering their data manually, the reporting units can also import it into LucaNet from the source system or from MS Excel.
  • Everyone works using a standardised, intuitive interface for data collection.
  • Explanations and comments can be entered in separate fields.
  • The parent company can see the current status of data collection at any time.
  • Automatic validation of all data.
  • IC reconciliation is automatically carried out after all companies have entered their IC data.
  • Different processes are available: reconciliation in the transaction currency, in the group currency, or at the posting level.
  • Simple clarification of discrepancies directly between the subsidiaries.
  • The status monitor provides alerts by showing, for example, if all validation rules have been met, or whether there are still IC discrepancies that need to be clarified.
  • Tedious checking of the individual Excel reporting packages is no longer necessary.
  • Approval of the entire reporting package by the person responsible for reporting at the reporting unit using the task management feature.
  • Once data collection has been completed, the parent company automatically receives an e-mail notification via the task management feature and can access the data directly.
  • Easy transfer into the group structures of the reconciled and validated data from all companies
  • Everything available in one FPM solution

Only LucaNet simplifies complexity

data collection and validation status monitor

As a user, you have full transparency and can see whether a reporting unit has already fulfilled all the rules or still has some issues to resolve. The status monitor also displays all your deadlines and the status of your IC reconciliation.

data collection and validation rules

As a user, it is easy for you to see which validation rules have already been fulfilled and which have not. You can also navigate directly to the entry in question from the rule itself.

data collection and validation simple creation of rules

New rules can be created easily by entering conditions (as If/Then rules if required), after which they will be rolled out immediately for all reporting units.

Would you like to learn a bit more about LucaNet’s unique FPM solution?

Request a live demo


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