The software has helped to make communication and data collection within the company group much simpler. The process of IC reconciliation alone was reduced from two whole weeks to only three days, although our group is continuously growing and acquiring more companies. Thanks to Lucanet, we were able to do away with the Excel spreadsheets we had previously used and put an end to the large volume of e-mails sent during the reconciliation process. And finally, the quality of the data also improved dramatically. All in all, Lucanet has enabled us to cut the consolidation process from ten to 1.5 days."
Monthly reporting completed 15 days quicker
Reporting is also very important at the Thai Union Group, since the company not only needs to keep its internal stakeholders informed, but also the Stock Exchange of Thailand and other external stakeholders and investors. Thanks to Lucanet, the reporting process is now much faster and more efficient, as Gion Pfuetzner explains: "We used to need 25 days to complete our monthly reports. With Lucanet, we can finish the whole process within ten days, including consolidation. The software reliably records and validates the data generated by our international group, meaning we can consolidate the data almost at the press of a button and efficiently prepare them for reporting. And all this is possible in a single tool, with greater transparency and clarity for everyone involved. Lucanet has given us the perfect tools to execute a fast close and quickly provide our stakeholders with the financial data they need."
