Press Releases

Macola Partners With LucaNet To Provide Their Clients Superior Financial Reporting

The Macola Software and LucaNet Partnership Offers Efficiency in Financial Reporting & Financial Consolidation Activities With Seamless Integration Into Macola’s ERP Solution

Macola and LucaNet introduce a new partnership, featuring a solution that fully integrates with Macola’s solutions, Advanced Financial Reporting- Powered by LucaNet. By combining Macola with LucaNet’s Advanced Financial Reporting solution, companies that have operations in multiple domestic and international locations can consolidate all of their financial reporting quickly and easily. This results in trustworthy, complete insight into all of the financial results from across the entire enterprise, in turn increasing the accuracy of forecasting. Macola customers already making use of the solution include River of Goods, Inc. and IFD Industries, Inc.

“It takes me at least 60% less time to do monthly financial reporting through LucaNet. It’s such a unique product that not only works with most ERP systems such as Macola, but LucaNet is also able to bring data sources from multiple systems into just one reporting tool. As a finance person, it’s a dream come true. Even our IT manager says that he thought the integration would be difficult, but it was a breeze!”

- Kelly Roselyne  Finance/Accounting Manager, River of Goods

Complete Financial Insight and Reporting

Advanced Financial Reporting - Powered by LucaNet makes it possible to unlock financial data from many reporting tools or information systems. LucaNet can extract data directly from Macola in addition to other financial and spreadsheet applications in order to enhance financial consolidation processes. Advanced Financial Reporting - Powered by LucaNet is easy to manage and useful for all financial professionals.

Robert Lawson, Managing Director of LucaNet USA: “If you want to get ahead of your competition, you need to have your management information in order. This consolidation solution offers businesses the trustworthy, real-time analysis required for effective decision-making. We’ve built up many years of experience in creating consolidation tools and have created a solution that’s quick and simple to implement. We’re confident that the partnership with Macola will further expand our market reach and ability to support businesses in their operations.”

Mark Hurley, Senior Product Manager of Macola Software: “We are excited to partner with LucaNet. More importantly, our clients will be excited. LucaNet has the experience and ability to provide Macola’s clients with a robust solution to address their financial consolidation needs. CEOs and CFOs who manage multiple subsidiaries, entities or divisions no longer have to manage via a time-consuming export to spreadsheets. Now, Macola clients can get a view of their financial health across their organization, in real time. This insight will lead to improved efficiencies and decision making based on real-time data.” We welcome LucaNet to our network of best-of-breed partners.

Seamless Integration and Minimal Learning-Curve

Powered by LucaNet, this advanced financial reporting product ranks best in all of its peer groups for its data integration and ERP integration. The LucaNet platform offers its own script-based ETL functionality to access data sources and transfer data seamlessly across platforms. In addition to its Macola interface and connection, the LucaNet platform provides more than 200 predefined connectors with semantic support to common ERP and accounting systems. Integrations can significantly speed up data migration projects.

Certified

Macola and LucaNet are pleased to announce that Advanced Financial Reporting - Powered by LucaNet is certified according to the IDW PS880 audit standard. All validation rules and audit trails are fully integrated.

About LucaNet

LucaNet targets business power users in finance and controlling departments and requires little technical knowledge except for data management (particularly data integration). The product is designed for administration, modeling and creation of planning forms as well as planning functionality in business departments.

LucaNet has been developing financial consolidation, planning, reporting and analysis software for more than 15 years. The domestic headquarters is located in Philadelphia, Pennsylvania. Internationally, LucaNet is represented in Germany, Austria, Singapore, Switzerland, the Netherlands, Belgium, United Kingdom, France, Ukraine and China.

Our software products can be applied separately or in individual combinations:

  • LucaNet.Financial Consolidation – Software for legal and management consolidation
  • LucaNet.Planner – Software for transparent planning and efficient controlling
  • LucaNet.Importer – Software for faster data transfer
  • LucaNet.Equity – Software for efficient controlling of equity holdings

We supplement this portfolio with consulting services and professional training courses on LucaNet products.

About Macola Software

Macola Software, an ECi Software Solutions company, is a provider of business solutions for small to medium-sized manufacturing and distribution companies. Macola empowers today’s modern enterprises to plan, manage, analyze and control their businesses by providing innovative software applications, industry-experienced solutions consultants, best-of-breed technology plug-ins and outstanding client support. With over 40 years’ experience and clients in more than 20 countries, Macola has enhanced every conceivable business process.