Digital banking and cash management expert ementexx becomes part of the LucaNet Group
With this strategic acquisition, LucaNet enters the market for digital treasury and cash management software solutions and expands its portfolio in Corporate Performance Management.
Berlin, 06.09.2023 – Berlin-based LucaNet successfully completes the acquisition of digital banking and cash management software expert ementexx to strengthen its market position extending its core Corporate Performance Management (CPM) offering. The existing solution portfolio will be expanded to include treasury, procure-to-pay and order-to-cash.
This acquisition represents a significant step toward LucaNet's effort of further enhancing its position as a comprehensive provider of Corporate Performance Management (CPM) software for the office of the CFO. It especially underscores LucaNet's commitment to expanding its offerings and delivering unparalleled value to its customers. In addition, the acquisition directly addresses the pressing need for user-friendly treasury and payment solutions tailored to the specific needs of mid-market companies. While the geographic focus of ementexx was historically on customers in Germany, Austria and Switzerland, LucaNet will now start to roll-out the offering to all its international markets.
In essence, the acquisition of ementexx serves to expand the solution portfolio for efficient and secure work in the finance department. Like other LucaNet products, the new offering of a cloudbased treasury and cash management solution is designed to further automate processes, serve as a single source of truth, and enable decision makers to better manage their business.
While medium sized companies have historically been underserved by existing treasury management systems, ementexx's flexible “out-of-the-box” solution with short implementation times and an intuitive user interface is perfectly suited to the needs of the typical LucaNet customer. Given the current interest rate environment, the requirement for treasury and cash management functions such as cash pooling and liquidity forecasting are of increasing importance also for the mid-market. ementexx’s solution easily integrates to various banks and ERP systems, offers weekly and daily forecasts, visualizes bank data, and meets the increasing security and compliance requirements in payment transactions.
ementexx brings on board a competent team with year-long banking and treasury expertise, deeply rooted and respected within the German speaking payments and treasury industry. This enables LucaNet to complement its banking and payments acumen and offer its clients a leading and comprehensive solution, addressing their core needs.
"We are very proud that ementexx and its employees are now part of the LucaNet Group," said Elias Apel, LucaNet Group Board Member and CFO. "With ementexx we can now offer an easy to use and fast to implement treasury and cash management cloud solution, which is directly connected to banks and ERP systems. This gives CFO offices full control over treasury related use cases and helps them to manage the business more efficiently and reliably."
"We are excited that ementexx will be the new competence center for banking, cash- and treasury-management within the LucaNet Group," says Michael Scholz, CEO and founder of ementexx. "Besides adding highly complementary expertise in the area of banking, cash management and treasury to LucaNet’s core strengths in close, consolidation, planning, reporting, ESG compliance and tax our clients, the service philosophy, creating actual value add and our teams are in the very center of everything we do. Furthermore, we will benefit from the experience, infrastructure, and global reach of the LucaNet Group. This will enable us to offer solutions for international markets and react faster to new market requirements.”
LucaNet is a leading provider of Corporate Performance Management software that empowers the Office of the CFO. More than 5,000 companies worldwide rely on the easy-to-use solutions for close & consolidation, planning & budgeting, financial reporting, ESG, and tax. The company is headquartered in Berlin with additional offices in Germany, Austria, Switzerland, the Netherlands, Belgium, Spain, France, Italy, the United Kingdom, China, Singapore, and the United States. Together with an international partner network, 800 employees worldwide support companies like Toshiba, Leica and Generali.
ementexx GmbH, based in Frankfurt/Main, is a digital banking and cash management software specialist. For corporate customers, they offer ennoxx.banking, a cloud-based platform for corporate banking & payments, connectivity & transformation, cash management & liquidity and einvoicing & reconciliation. The software tool is fully integrated, ensuring easy connectivity with ERP-systems and banks. In addition, the portfolio includes solutions for instant payments & push notifications as well as EBICS server and connectivity.