Lucasys Inc, the leading provider of cloud tax software for North American utilities and energy companies, announced that it has settled its pending antitrust litigation with PowerPlan, Inc., a subsidiary of Roper Technologies. To settle all outstanding claims, PowerPlan has paid Lucasys $24 million.
Read MoreAs we close the book on 2024, we’re celebrating an incredible year of achievements, milestones, and connections. We have expanded to 21 talented team members, served 19 customers, rolled out 1,187 product improvements, attended 9 industry events, delivered 34 in-person demos across the country, and consumed an immense amount of coffee. Our team’s dedication and collaboration made this year one for the books. Here’s to our customers, partners, and team for making 2024 a success—we can’t wait to see what’s ahead in 2025!
Read MoreHope 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.
Read MoreMacy’s recent disclosure of an employee’s intentional misreporting of up to $154 million in expenses has sparked important conversations about internal controls, accountability, and transparency. While the retail giant is navigating this challenge, there are key lessons for businesses across all industries, including utilities, where accurate financial reporting is not just critical but also highly scrutinized by regulators.
Read MoreAs President-elect Trump prepares to return to the White House alongside a Republican-led Congress, investor-owned utilities (IOUs) are looking at a landscape ripe for transformation. From extensions of his 2017 tax cuts and potential new tariffs to increased focus on energy production, major policy changes that directly impact the utility sector are likely on the horizon. To stay resilient in this evolving environment, IOUs need to act now.
Read MoreIn 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.
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