What is Lucanet and what is Arithma’s role in it?

Are you managing multiple entities, and does financial consolidation take too much time or lead to errors?

Lucanet is software that automates and centralizes this process. Instead of working with separate Excel files, you work in one system where consolidation, reporting, and planning come together.

The core of Lucanet is the Consolidation & Financial Planning solution: the most widely used application among our clients. In addition, Lucanet offers supplementary solutions such as:

• xP&A for operational planning based on drivers (such as HR and sales)
• Disclosure Management for preparing annual reports
• XBRL Tagger for filings based on iXBRL (mandatory standard since fiscal year 2025)

These extensions are built on the same financial foundation. Most organizations start with Consolidation & Financial Planning.

However, software alone is not enough.

Arithma is the premium Lucanet partner in the Netherlands and Belgium and helps organizations successfully implement and configure the software. We have also been awarded the Partner Award voor Customer Excellence by Lucanet itself — something we are quite proud of!

In short

• Lucanet helps you consolidate and report financial data
• Arithma ensures it works effectively within your organization
• Most issues are caused not by the software itself, but by the setup and configuration

What does Lucanet actually do?

Lucanet supports finance teams in structuring, automating, and accelerating their work.

Key functionalities:

• Consolidating figures from different entities and systems
• Automating intercompany reconciliations
• Preparing monthly, quarterly, and annual reports
• Supporting forecasting and budgeting
• Providing insight into financial performance

This results in less manual work, fewer errors, and greater control over your financial data.

When is Lucanet relevant?

Lucanet becomes relevant once your organization becomes more complex and Excel starts reaching its limits — or ideally, just before that happens.

Relevant if:

• You have multiple legal entities or international subsidiaries
• You currently consolidate in Excel and it is error-prone
• Your month-end closing process takes too much time
• You use different accounting systems
• You want faster reporting for management or shareholders
• Your organization is growing and processes need to scale

Not yet necessary if:

• You only have one simple entity
• Your reporting remains manageable in your current setup

The benefits of Lucanet

• Less dependency on Excel
• Time savings in consolidation and reporting
• Fewer errors through automation
• Faster and better insights
• Scalability as your organization grows

For many organizations, this represents a major professionalization step for finance.

What should you keep in mind?

Lucanet is not a standard tool that you can implement without preparation.

• Implementation requires time and attention
• Processes must be properly configured
• Teams need to adapt to a new way of working
• Without proper setup, you will not realize the full value

This is where many implementations fall short.

The role of Arithma

Implementation determines whether Lucanet actually delivers value.

Arithma supports organizations with:

• Lucanet implementation and (re)configuration
• Migration from Excel or other systems
• Optimization of consolidation and reporting processes
• Training and guidance for finance teams

With experience in complex consolidation challenges, Arithma ensures that Lucanet not only works technically, but also fits the practical reality of your organization.

Lucanet versus Excel

Many organizations start with Excel. That works — up to a certain point.

• Excel is flexible and familiar, but error-prone and difficult to scale
• Lucanet is structured, reliable, and suitable for complex organizations
• Lucanet does not replace Excel entirely, but uses it where it adds value

The transition becomes worthwhile once Excel costs more time than it saves.

Conclusion

Lucanet is a powerful solution for organizations that want to professionalize their financial consolidation and reporting.

The foundation lies in Consolidation & Financial Planning. Additional solutions such as xP&A, Disclosure Management, and XBRL build upon this foundation.

The real value only emerges through proper implementation and the right setup.

Is Lucanet suitable for our organization?

Get in touch with us. Arithma helps organizations with these types of challenges every day and can quickly assess whether Lucanet is the right next step — and how to implement it successfully.