Lucasys, the leading tax software and service provider for energy and utilities, announces the release of its Tax Provision software solution. Purpose-built to provide an easy-to-use experience for ASC 740 compliance while also addressing the complex needs of the utility industry, this next-generation solution streamlines tax processes, enhances accuracy, and ensures compliance with unparalleled efficiency.
Read MoreSignificant corporate changes like mergers, acquisitions, or asset purchases always bring uncertainty — but they also present a unique opportunity. For tax teams, M&A activity is often the perfect time — even an urgent imperative — to evaluate processes, systems, and overall readiness for the future.
Read MoreConsistency 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.
Read MoreLucasys Inc, the leading provider of cloud tax software for North American utilities and energy companies, celebrates a milestone moment in business growth by signing its 21st customer. The 21 electric, gas, and water utilities who trust Lucasys to manage their tax fixed asset processes represent more than $600 billion of fixed assets. Utilities around the country are transitioning away from legacy tax software to Lucasys Tax, signaling a growing trend in the utility industry.
Read MoreAt 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.
Read MoreAt Lucasys, we believe that trust and transparency should be at the core of every client relationship—and that includes how we handle your data. In fact, we don’t see it as our data at all. It’s your data, and that principle is reflected in the very foundation of our software.
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