Older Versions

As of now, the user interface of Consolidation & Financial Planning is also available in Japanese. The display language can be changed in the user profile of the CFO Solution Platform under Language:

The app for Equity Elimination now automates all required consolidation steps when a subsidiary transitions from full consolidation to the equity method. When you enter the change in consolidation method in the master data administration, the app automatically:

The transition can be executed at the beginning or end of the period. IC transfers are not yet supported.

The drill-down to posting level is now also available for data imported into reporting entities via script. With this new feature, you can drill down to the original values from your source system directly from the Show postings dialog. Values for which a drill-down is available are formatted as a link.

To use this new feature, a drill-down script must be defined in the data source that is used for the import from the source system and an execution location must be chosen, depending on whether the source system is operated in the cloud or locally.

You can now save configured ledger and schedule views as favorites and reopen them without reconfiguring. Saved favorites can be shared with other users via a shareable link; recipients can open the shared view subject to their permissions and optionally save it as their own favorite. Existing favorites of views of ledgers and schedules that were created in Lucanet.Financial Client are automatically available in Consolidation & Financial Planning.

The Additional information tab that is displayed in in the detail view of elements in Consolidation & Financial Planning is now editable. You can add and format text and attach files (PNG, JPG, PDF, TXT, Excel, Word, PowerPoint). Files can be uploaded, downloaded, previewed, and deleted directly in the tab. Edit permissions follow the access rights of the respective element.

The content stored on the Additional information tab in Consolidation & Financial Planning is independent from the content of the respective tab in Lucanet.Financial Client — content entered in Consolidation & Financial Planning is only visible and editable there.

You can now create all consolidation wizards available in Consolidation 1 directly from ledgers. The wizards automatically populate with your current ledger selections including consolidation area, data level, period, and other dimensions, eliminating repetitive data entry. This feature provides a more efficient workflow for financial consolidation tasks.

You can now generate a Postings report from the Extras menu or directly in the Journals workspace and use the exported posting data for financial analysis, compliance reporting, and data verification. You can set the following for the report creation:

You can download the report as TXT or XLSX file.

The app Adjust and reclassify values in reporting entities is now available on the Lucanet CFO Solution Platform. With the app, you can adjust and reclassify account values per reporting entity, for example:

In the Adjust and reclassify values in reporting entities app, adjustments are modeled in freely definable scenarios with separate base values and target data. For each target row, you can set or inherit from the basis (among other things) account, adjustment level, partner company, and transaction type, plus a percentage factor and debit/credit restrictions.

The app is available on the Lucanet CFO Solution Platform in a new and revised version. Customers who used the outdated version of the app Adjust and reclassify values in reporting entities in Lucanet.Financial Client must create and reconfigure the new version of the app when migrating to the Lucanet CFO Solution Platform.

Workflow elements are used to represent a saved sequence in which executable elements in Consolidation & Financial Planning are executed one after another in a defined order.

Workflows can be created directly in a directory structure, and you can select any executable elements from Consolidation & Financial Planning, configure their execution sequence, set error handling behavior, and execute them as a coordinated process.

This helps standardize recurring execution processes and reduces manual setup for repeated runs.

The app for equity elimination now supports the measurement of associated companies using the equity method. The following functions are currently supported:

The new function can be activated in the Settings step on the app interface. The configuration of the measurement under the equity method is done in a separate step, which is displayed additionally upon activation.

The app Adjust and reclassify values in consolidation areas is now available on the CFO Solution Platform. The app allows you to selectively adjust and reclassify account values for each consolidation area. The app supports the following use cases, among others:

Configuration is performed using freely definable adjustment scenarios with separate base and target dimensions. For each target posting, the account, adjustment level, consolidation unit, partner company, and transaction type can be specified individually or inherited from the base. Additionally, a percentage factor for the value adjustment can be specified, and a restriction to debit or credit values can be applied.

The app is available on the CFO Solution Platform in a new and revised version. Customers who used the outdated version of the app Adjust and reclassify values in consolidation areas as part of Consolidation 2 in Lucanet.Financial Client must create and reconfigure the new version of the app when migrating to the CFO Solution Platform.

When importing data into reporting entities, you now have the option to assign imported accounts automatically based on a chart of accounts—provided at least one chart of accounts exists in Lucanet.Financial Client. Using this assigment method, a dialog shows suggested assignments in a ledger hierarchy and you can confirm or decline individual assignment suggestions via checkboxes and then confirm the assigment with one click:

It is now possible to copy or cut elements in ledgers and schedules, such as items or references, in one browser window or tab and paste them into another window or tab. The same rules apply as for copying and cutting within the same window or tab. This allows you to create new ledger and schedule structures while keeping an eye on the source structures at the same time.

As of now, keyboard shortcuts are also available for context menus, allowing you to easily navigate and select an element in the selection window.

All shortcuts are also accessible with ALT key combinations to ensure compatibility across different browsers.

For more information on keyboard shortcuts, see Using Keyboard Shortcuts.

As of now, keyboard shortcuts are also available for drop-down menus, allowing you to easily navigate and select an element in the selection window.

All shortcuts are also accessible with ALT key combinations to ensure compatibility across different browsers.

For more information on keyboard shortcuts, see Using Keyboard Shortcuts.

The app for elimination of intercompany profit or loss in current assets is now available on the CFP Solution Platform. The web version of the app offers the same functions as the app used in Lucanet.Financial Client. It is used to clear the profits and losses arising from deliveries and services in current assets between the companies of a group.

Intercompany relationships are thereby formed from the consolidation units of a consolidation area based on previously assigned partner information and the investment relationships in the company. The values that arise during the elimination of intercompany profit or loss are posted to the accounts chosen for the elimination of intercompany profit or loss.

You have the option of also activating the following functions:

The app for Reclassification of profit or loss from previous periods in reporting entities is now available on the CFO Solution Platform. The Web version of the app offers the same functionalities as in Lucanet.Financial Client. i.e. it can be used to automatically reclassify the period result from the previous year to carry it forward. The following functional topics are covered:

The app can be created in a directory structure, provided that the obect type App has been enabled there.

Extended Business Logic of App for Equity Elimination

The business logic of the app for Equity elimination on the CFO Solution Platform has been extended. The app now supports:

App for Debit/Credit Shifts in Consolidation Areas

The app for Debit/credit shifts in consolidation areas is now available in the CFO Solution Platform. The web version of the app offers the same functionality as in Lucanet.Financial Client, with an improved user experience, allowing you to choose whether to include debit/credit shifts configured at item level, account level, or both. You can select specific consolidation areas or apply settings to your entire group, configure adjustment levels, and execute the consolidation seamlessly from your browser.

App for Elimination of Income from Investments

Also the app for Elimination of income from investments is now available on the CFO Solution Platform, allowing you to configure and execute the elimination of dividends, profit distributions, and other investment income directly in Lucanet Consolidation & Financial Planning. The app guides you through six configuration steps: Defining posting frequency and consolidation scope, selecting adjustment levels, configuring elimination of investment income including configuring targets for elimination differences, and either configuring profit transfers, or distributions from retained earnings or both, and optionally creating elimination reports.

Visualization of Investment Relationships

Visualize your group's ownership structure with interactive investment relationship charts accessible directly in the CFO Solution Platform. View the hierarchical structure of your consolidation group at any point in time, showing all parent-subsidiary relationships and ownership interests configured in the master data. You can export the charts for presentations, management reports, and annual filings. You can open the investment relationship charts on the Overview tab in the Master Data Administration, which is accessible from both the Groups and Consolidated financial statements workspaces of Financial Consolidation 2.

As of now, you can manage language and dimensional attributes in a dedicated Attributes workspace. This new workspace simplifies attribute administration by providing a comprehensive interface for defining and managing attributes that enhance your data model. You can efficiently organize attribute configurations and ensure consistency across your financial consolidation and planning processes.

You can now create planning wizards and sheets directly from ledgers in the Reporting and analyzing workspace. The wizard headers automatically populate with your current ledger selections including reporting entity, data level, period, and other dimensions, eliminating repetitive data entry. This feature provides a more efficient workflow for financial planning tasks.

These new features allow you to create manual postings directly from any cell in your ledgers and schedules using the context menu, without navigating to the Journals workspace. In addition, you can now create a new posting from the Show postings dialog that can be opened from within a ledger or schedule.

The posting form opens with relevant dimensions already preselected based on your ledger context including period, reporting entity, data level, and adjustment level. You can create postings exactly where you need them while reviewing your financial data, improving productivity and maintaining better context throughout your work.

As of now, keyboard shortcuts are also available for the tree view of workspaces, as well as for the period picker window. Using these shortcuts, you can work faster and more efficiently when navigating within a workspace or when selecting a period or periodicity.

The shortcuts allow you, for example, to seamlessly switch between elements, perform quick copy, paste, or cut operations, and delete elements instantly with familiar commands. All shortcuts are also accessible with ALT key combinations to ensure compatibility across different browsers.

You can now create, edit, and manage directory structures within the Workspace configuration on the CFO Solution Platform. This functionality allows you to organize your reporting elements including Lucanet.Excel Reporting, scripts, and connections in a structured, hierarchical way, without having to switch to Lucanet.Financial Client.

You can add new directory structures to organize your content, and configure which object types should be available within each structure. This streamlined approach gives you full control over how your reporting elements are organized, making it easier to maintain and navigate complex reporting environments.

With this release, Lucanet.Excel-Reporting is availale on the CFO Solution Platform.

Lucanet.Excel-Reporting is used to create default reports that can be distributed as required and displayed without access to Lucanet or an Internet connection. Reports are created and configured directly from Lucanet based on reporting templates.

The data contained in the report are queried from Lucanet using tilde formulas that are defined in the reporting templates. A reporting template can be created in a directory structure using the object type Lucanet.Excel-Reporting.

With the new keyboard shortcuts, you can work faster and more efficiently when navigating within a ledger or schedule. The shortcuts allow you, for example, to seamlessly switch between cells, perform quick copy, paste, or cut operations, and delete entries instantly with familiar commands. All shortcuts are also accessible with ALT key combinations to ensure compatibility across different browsers.

When setting up the loan wizard, it is now possible also in the CFO Solution Platform to configure several additional options: Commitment interest, fees, subsequent borrowings, and unscheduled repayments can be enabled in the Master data step of the wizard configuration and a corresponding step will be added to the setup process:

Furthermore, the option Show interest calculation is now available in the Current installment step for the loan wizard. This option opens a detailed breakdown of how the loan interest is calculated:

The Workspace configuration now reflects your Consolidation & Financial Planning structure directly in the Lucanet CFO Solution Platform, providing consistency across systems. This gives you better control over workspace organization by implementing your own folder structure and showing all available workspaces with default icons for better visibility.

Before this release, on the CFO Solution Platform, you could only view the properties of a subledger. Now, you can create, update, and delete subledger elements directly in the Workspace configuration of Consolidation & Financial Planning.

This new functionality eliminates the need to switch between different tools and allows managing all aspects of your subledger setup directly on the platform, significantly streamlining your configuration workflow.

Another feature that streamlines the configuration workflow in the Lucanet CFO Solution Platforn is the value management of attributes. You can now define and edit the values of both language and non-language attributes that have been created in Lucanet.Financial Client for items, accounts, data levels, or adjustment levels in the CFO Solution Platform.

Attributes are displayed on the Attributes tab in the element properties:

You can now create, update, and delete folders directly within the Workspace configuration and the Journals workspace interface. This provides complete control over your workspace organization, allowing you to structure your configuration elements exactly as needed without requiring you to switch to Lucanet.Financial Client.

As of now, you can manually execute scripts that have been configured in the Scripts workspace. Before starting the execution, you can choose if the script is to be executed on the server or on a previously configured Script Execution Application (SEA).

Resolving Differences

Previously, users had to rely on manual checks or use Lucanet.Financial Client to identify and resolve differences during financial consolidation. Now, the Resolve differences functionality is available for the consolidation wizards of Financial Consolidation 1 on the CFO Solution Platform. This allows you to quickly spot and address discrepancies within your consolidation, making the process faster and reducing the risk of errors.

Showing Only Reporting Entities Containing Values

The new function Show only reporting entities containing values can be applied for consolidation wizards to display only those rows in the wizard which are actually relevant for the consolidation. This provides a clear visualization during the consolidation process with Financial Consolidation 1.

Extended Business Logic of App for Equity Elimination

The business logic of the app for Equity elimination on the CFO Solution Platform has been extended: The app now supports deconsolidation of a proportionally consolidated subsidiary after a full sale of shares. The feature supports foreign currency subsidiaries, multiple investor scenarios, and various goodwill treatment options, automatically creating the necessary postings to properly reflect the deconsolidation in your consolidated financial statements.

App for Reclassification of Profit or Loss From Previous Year in Consolidation Areas

Previously, the app for Reclassification of profit or loss from previous year in consolidation areas could only be created and cofigured in Lucanet.Financial Client.

As of now, the app Reclassification of profit or loss from previous year in consolidation areas is available as a Next Generation app on the CFO Solution Platform. This means you can create, configure and execute the app directly on the platform, streamlining your consolidation process within one single interface.

Apply VAT/Input Vat Configurations to Other Journals

To avoid creating a new configuration for each journal, you can now either copy or move a VAT configuration to individual journals, or apply a VAT configuration to multiple journals at the same time.

Our new AI feature Lucanet Copilot is now available to assist with everyday questions and provide quick insights into consolidation and financial planning data:

It is now possible to manually create postings in the Journals workspace. Postings can be created for both reporting entities and consolidation areas.

You can now also define individual historical exchange rate translations for each posting value. All currency translations configured for the respective reporting entity or consolidation area are taken into account.

From now on, dimensions can be created and edited in the Lucanet CFO Solution Platform. The following dimensions are available:

Statistic ledgers can now be created and configured in the Workspace configuration. Statistical ledgers can be used to create account hierarchies that need not be subject to the rules of double-entry accounting (e.g. derived general ledger and subledger structures, indirect cash flow statement and direct liquidity planning).

Data from MS Excel can now be imported into Lucanet.Financial Warehouse using the new workspace Importing data into Lucanet.Financial Warehouse via the Lucanet CFO Solution Platform. This new feature saves time and effort, as previously data could only be imported into Lucanet.Financial Warehouse in Lucanet.Financial Client.

With the new release, the following planning functionalities are now also available in the Consolidation & Financial Planning solution of the Lucanet CFO Solution Platform:

In addition, the new Sheets function was introduced, replacing the previously used forms in Lucanet.Financial Client. While sheets retain the core functionalities of forms, they offer enhanced capabilities for financial planning calculations — including the ability to create formulas in natural language. In the Lucanet CFO Solution Platform, sheets can be created in the Import and Journals functional area.

Lucanet Financial Consolidation 1

The Lucanet Financial Consolidation 1 enables wizard-assisted elimination of intercompany debt as well as elimination of intercompany income and expense.

Lucanet Financial Consolidation 2

Lucanet Financial Consolidation 2 enables seamless and efficient financial consolidation.

With Financial Consolidation 2, the entire consolidation process can be automated and supported through apps. Users benefit from maximum transparency, accuracy, and user-friendliness.

The following functions are available:

Our CFP Add-In for Excel 365 offers similar functionalities to Lucanet.Excel Add-In but can be used in combination with our Lucanet CFO Solution Platform. Furthermore, the add-in can not only be used in the MS Excel 365 application, but also in MS Excel 365 for the Web. The CFP Add-In for Excel 365 enables you to:

Data from MS Excel can now be imported via the Lucanet CFO Solution Platform using the new workspace Importing Data into Reporting Entities. This new feature reduces time and effort, since, previously, it was only possible to import data into reporting entities via Lucanet.Financial Client.

This Lucanet CFO Solution Platform feature provides the well-known functionality of importing data from MS Excel while also providing an enhanced UI.

Unified workspace for an improved overview: The functional area Journals is renamed to Import and Journals and will contain, additionally to the Journals workspace, the newly added workspace Importing Data into Reporting Entities.

A number of improvements have been implemented for the overall user experience and usability. Some of the most prominent improvements are: