As 2025 comes to a close, we’re taking a moment to reflect on a year of meaningful progress at Lucasys. This year was about more than growth metrics or feature releases; it was about building smarter, faster, and more reliable tools for the tax and industry professionals who rely on us every day.

In today's hyper-connected world, cloud reliability isn't just a nice-to-have—it's essential for businesses, especially in regulated industries like utilities and energy. The recent global AWS outage on October 20, 2025, serves as a stark reminder of this reality. Triggered by DNS issues affecting DynamoDB in the US-EAST-1 region, the disruption caused widespread downtime for major platforms, including Amazon's own services, Snapchat, Roblox, Fortnite, banks, airlines, and delivery apps.

Last week, the Edison Electric Institute (EEI) released compelling new data highlighting the massive capital expenditures planned by America's investor-owned electric companies for 2025. According to the report, these companies are projected to invest nearly $208 billion to enhance the nation's energy grid—making it smarter, stronger, more efficient, and more secure.

On July 4, 2025, President Trump signed into law the highly anticipated One Big Beautiful Bill (OBBB), bringing sweeping changes to tax law and major updates to depreciation and business interest expense provisions. As tax and finance teams across the country begin digesting these new requirements, one thing is clear: the ability to adapt quickly is more important than ever.

We’re excited to share that Lucasys has successfully completed its SOC 1 Type II certification—a significant milestone that highlights our unwavering commitment to security, control, and financial accuracy for our customers. At Lucasys, we understand the responsibility that comes with delivering software and services that directly impact our customers’ financial reporting.

We’re excited to announce that Lucasys’ suite of tax applications is now available on the SAP® Store! This milestone follows our recent partnership within the SAP® PartnerEdge® Open Ecosystem, reflecting our commitment to delivering innovative, purpose-built solutions for rate-regulated utilities and asset-intensive businesses.

At Lucasys, we are deeply committed to serving North America’s utilities and energy companies, an industry that forms the backbone of modern life. The recent widespread power outage across Spain, Portugal, and parts of southern France on April 28, 2025, as reported by CNN, serves as a stark reminder of just how critical this sector is to communities, economies, and everyday existence.

Consistency is critical when managing large volumes of data, especially in tax and financial systems. Yet, many systems fall short when it comes to maintaining asset numbers across different cases or reports. When an asset is copied to a new case or scenario, the assignment of a new ID disrupts data continuity, making comparisons difficult and unnecessarily time-consuming.

In today’s fast-paced business environment, waiting for software to catch up to your work is more than just frustrating—it feels like stepping back into the last century. At Lucasys, we understand the importance of immediacy and efficiency, which is why we’ve made dynamic updating a mandatory feature in all our systems.

At Lucasys, we know that the success of our software starts with the strength of our team. Our staff is made up of highly experienced, skilled professionals who bring both technical expertise and real-world industry insight to every project. This not only makes us a trusted partner for our customers but also drives the development of high-quality, user-friendly systems that meet the unique needs of tax departments.

Tax departments thrive when their systems work for them, not against them. At Lucasys, we recognize that the key to unlocking maximum efficiency and effectiveness lies in simplicity. That’s why our software is purposefully designed to be intuitive and accessible for your entire team—whether they’ve been with you for years or are stepping into their role on day one.

Hope Utilities, a leading provider of US natural gas and water distribution services, has built upon their previous success with Lucasys and expanded their use of the Lucasys Tax solution by implementing its Deferred Tax application. Building on the successful implementation of Lucasys for Tax Depreciation, this milestone in Hope Utilities’ technology integration is part of the company’s ongoing commitment to leveraging advanced technologies to optimize operational efficiency and accuracy in financial reporting.

In an era where software powers almost every facet of modern life it can be easy to overlook the critical importance of user interface (UI) design. While sleek interfaces and easy navigation are often touted as the highlights of good design, poor UI can have far-reaching, sometimes disastrous consequences. Lucasys software is built to prevent these risks, offering clear, efficient, and error-proof interfaces. Below, we examine several real-world cases where inadequate UI design led to serious consequences and explain how Lucasys avoids similar pitfalls.

Over the course of my career, I’ve had the privilege of working with over 100 enterprise clients in the utility and energy sectors, implementing tax technology systems ranging from business process automation to fixed asset cost recovery and deferred taxes to tax provision solutions.  At Lucasys, our goal is to empower the modern finance organization to become industry leaders in the use of tax technology, increasing efficiencies and reducing risk in tax compliance, accounting, forecasting, and regulatory processes. Lucasys provides a suite of integrated tax applications to meet the growing complexities and challenges of today’s business and regulatory climates.