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Glossary

Data Collection

Streamline your data collecting process with a modern, web-based solution for gathering, validating, and enriching financial data across all your reporting entities: With Lucanet Data Collection, you can efficiently collect financial and statistical data from distributed teams, validate data quality in real time, and ensure consistency through intercompany validation.

The solution enables a distributed data collection model where local finance teams enter and validate their own data before submitting it for central review and approval.

Key benefits:

  • Streamlined group reporting: Simplify the collection of financial and statistical data from subsidiaries and reporting entities across your organization.
  • Improved data quality: Validate data at the point of entry with configurable validation rules, reducing errors before data reaches central finance.
  • Decentralized collaboration: Empower local teams to enter and validate their own data before submitting it to the group, while maintaining central oversight through approval workflows.
A form in Data Collection is displayed.
User interface of Data Collection

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Features

The Lucanet Data Collection solution offers you:

  • Configurable form templates: Create flexible data collection forms, containing elements configured from scratch or based on existing Consolidation & Financial Planning (CFP) structures (such as the general ledger and subledgers).
  • Robust validation rules: Ensure data accuracy with customizable validation rules that check data quality at the point of entry. Use regular rules to validate data within and across form templates, or intercompany rules to automatically compare values between related reporting entities.
  • Reporting packages: Bundle form templates, validation rules, and reporting entity assignments into reusable packages. Start data collection processes with just a few clicks.
  • Multiple data import sources: Import data into forms directly from Lucanet.Financial Warehouse, Consolidation & Financial Planning, or Excel files, in addition to manual entry. Reduce duplicate data entry and accelerate the collection process.
  • Collaborative workflow: Enable distributed teams to collect, submit, and approve data with a clear workflow. Collectors enter data and submit for review, while Approvers validate and approve submissions.
  • Data Collection is included in your Consolidation & Financial Planning license at no additional cost. To get started, get in touch with your Lucanet contact or reach out to us via Contact.
  • You are not a Lucanet customer yet and would like more information on our solutions? Simply get in touch with us via Contact.

Getting Started with Data Collection

Our instructions help you get started with Lucanet Data Collection in next to no time:

All Steps at a Glance
All Steps at a Glance
Basic Configuration
Basic Configuration

Last updated on May 28, 2026

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