Notes on Migration from Lucanet.Financial Client
Last updated on 2025-07-08
Overview
This article is intended for all customers who already use Consolidation 2 in Lucanet.Financial Client.
It provides information on:
- Apps that are supported in the CFO Solution Platform
- Apps that are not supported in the CFO Solution Platform
- General notes and notes on migration of the app for equity elimination to the Lucanet CFO Solution Platform
This article contains the following sections:
Apps of Consolidation 2
The legacy apps of Consolidation 2 are not supported in the Lucanet CFO Solution Platform. This means:
- You can only create, configure and execute these apps in Lucanet.Financial Client.
- Apps that have already been created in Lucanet.Financial Client are displayed in the CFO Solution Platform (grayed out). However, the apps can neither be clicked nor configured or executed.
There is no deployment of these legacy apps planned for the future. We therefore recommend updating to the apps of the Next Generation.
Please note that there is currently no Next Generation version available for the following apps of Consolidation 2:
- Adjust and reclassify values in consolidation areas
- Status report for the consolidation process
- Report on investment relationships
- Report on deconsolidation
Apps of Consolidation 2 Next Generation
Supported Apps
The following apps of Consolidation 2 Next Generation are fully supported in the Lucanet CFO Solution Platform:
- Data transfer and proportioning
- Elimination of intercompany income and expense
- Elimination of intercompany debt
These apps of Consolidation 2 Next Generation can be used in Lucanet.Financial Client and the Lucanet CFO Solution Platform:
- You can create, configure and execute new apps in both environments.
- You can edit or execute apps already created in Lucanet.Financial Client seamlessly in the CFO Solution Platform. Apps that have been created in the CFO Solution Platform can also be seamlessly edited and executed in Lucanet.Financial Client.
- The reports and postings generated by these apps can be accessed in both environments.
Not Supported Apps
The following apps of Consolidation 2 Next Generation are not yet supported on the Lucanet CFO Solution Platform:
- Elimination of income from investments
- Debit/credit shifts in consolidation areas
- Reclassification of profit or loss from previous year in consolidation areas
- Elimination of intercompany profit or loss in current assets
These apps of Consolidation 2 Next Generation can be used in Lucanet.Financial Client and the Lucanet CFO Solution Platform:
- You can create and configure these apps only in Lucanet.Financial Client.
- Apps that have already been created in Lucanet.Financial Client are displayed on the Lucanet CFO Solution Platform within consolidated financial statements. These apps cannot be clicked or configured. However, it is possible to execute these apps.
The deployment of these apps on the Lucanet CFO Solution Platform is planned step by step.
App for Equity Elimination
General Information
The app for equity elimination is available on the Lucanet CFO Solution Platform in a Next Generation version for the first time.
For the use of the app for equity elimination, the following applies:
- The app can be created in Lucanet.Financial Client or the CFO Solution Platform.
- Configuration of the app is only possible on the Lucanet CFO Solution Platform.
- Apps configured on the Lucanet CFO Solution Platform can be executed in both environments.
- The postings created by this app can be accessed in both environments.
Please note that the equity elimination Next Generation is currently only available with a limited functional scope. A step-by-step extension of the scope is planned.
Additional information on the functional scope can be found under Equity Elimination.
Customers who currently use the app for equity elimination in Lucanet.Financial Client, should postpone migration to the app on the Lucanet CFO Solution Platform until all functions relevant to their business requirements are available.
The legacy app for equity elimination in Lucanet.Financial Client can still be used until all functionalities are available on the CFO Solution Platform.
Notes on Migration
Customers who have already used the app for equity elimination in Lucanet.Financial Client must observe the following when switching to the consolidation on the CFO Solution Platform:
- The business logic of the app for equity elimination was further developed and adapted in certain aspects on the Lucanet CFO Solution Platform: In the app for equity elimination Next Generation, among other things,
- The recognition of goodwill and negative consolidation differences on the level of the investor and the allocation of these values by investors via the partner dimension is no longer supported. This change corresponds to standard GAAP interpretations which stipulate that goodwill must be assigned to certain business units and not based on ownership interests.
- Moreover, when using the Next Generation app for equity elimination, the option for presentation of the non-controlling interests per source account is omitted.
- In order to apply this new business logic correctly when switching to the Lucanet CFO Solution Platform, we urgently recommend performing an automatic migration, as a correct presentation of the balances of the differentials and non-controlling interests cannot be guaranteed with manual postings.
- To perform an automatic migration, you must create the app for equity elimination Next Generation and activate relevant migration options.
- The migration concerns the reclassification of goodwill and negative consolidation differences and the merging of balances of non-controlling interests that were posted per origin account.
- Additional information on migration can be found in the description under Equity Elimination in the Settings section under Migration from the legacy app.
