Finance and Compliance Solutions

Lucanet is a CFO platform for financial consolidation, planning, reporting, and ESG – replacing spreadsheet-based processes with automated, auditable workflows connected directly to your ERP and source systems. Each module can be implemented standalone or as part of the full platform, making it the right fit whether you have one specific reporting challenge or need an end-to-end finance solution. Built for CFOs, group controllers, and finance directors who need accuracy, transparency, and full traceability across the entire reporting cycle.

ERP systems manage operational processes – orders, inventory, invoicing, and payroll. A dedicated financial consolidation and reporting platform like Lucanet operates above the ERP layer, handling group reporting, multi-entity planning and forecasting, and management reporting. It connects to your existing ERP as a data source without replacing it. For organisations with more than one legal entity, having both is worth serious consideration.

SAF-T (Standard Audit File for Tax) is a standardised electronic format for submitting accounting and tax data to the National Revenue Agency. In Bulgaria, implementation follows a phased approach. Phase 1 applies from January 2026 to the largest companies by turnover – approximately 400 companies that have already been officially notified by the NRA. Phase 2 will follow for medium-sized companies.

It depends on your IT environment. If your data lives in one integrated ERP system, adapting it for SAF-T is often the right approach. The ERP systems Balkan Services implements are built to generate SAF-T compliant files. If you have multiple or disconnected systems – ERP, accounting software, banking platforms, custom applications – a dedicated platform like Taxera is the better option. It consolidates data from all sources and delivers a compliant SAF-T file without requiring changes to each individual system. Balkan Services offers both approaches.

A Lucanet implementation typically starts from 2–3 months for straightforward projects, depending on the number of entities, reporting complexity, and data quality. Taxera SAF-T projects vary based on the number and type of source systems. Both start with a business analysis phase to define scope and timeline before any commitment is made.

Lucanet delivers the most value to organizations with multiple legal entities or complex group reporting requirements. For single-entity companies, the value depends on your planning complexity and the volume of manual work in your current reporting process. We are happy to assess whether it is the right fit for your situation.

XBRL (eXtensible Business Reporting Language) is the structured digital format required for submitting financial statements to regulators and stock exchanges. In the EU, listed companies must submit their annual reports in XBRL format under the ESEF (European Single Electronic Format) regulation. Balkan Services is one of the leading XBRL partners in Bulgaria.

Yes – Lucanet’s dedicated ESG reporting module collects sustainability data from across the organisation, analyses it and produces regulatory-compliant reports with a few clicks. It features pre-built report templates aligned with the European Sustainability Reporting Standards (ESRS) and a built-in certified XBRL engine for tagging financial and ESG reports. The module can be implemented as a standalone solution or as part of the full Lucanet platform.

Yes – both Lucanet and Taxera are designed to work alongside SAP, not replace it. Lucanet covers group consolidation, financial planning and budgeting, regulatory reporting under ESEF/XBRL and ESG disclosures. Taxera is native to SAP customers, but also provides integration capabilities with many other standard and non-standard ERP systems, as well as external data sources.