For 30 years, PowerPlan has helped leading North American asset intensive companies make the right financial decisions.
PowerPlan began with a simple realization: The more fixed assets an organization has, the more challenging it is to manage them financially and to strategically understand how compliance requirements impact the treatment of each asset. Our founders saw ERPs and EAMs alone didn’t capture enough data to optimize decisions, so they built the first software platform that combined granular financial and operational asset data from every corner of the organization; filling the gaps ERPs and EAMs could not provide.
The History of PowerPlan
PowerPlan founded by four industry experts who recognized that improving the richness and quality of project and fixed asset accounting data, could move utilities beyond just “compliance” and dramatically improve their financial, tax and regulatory outcomes.
PowerTax launches automating compliance and optimization of tax depreciation and deferred taxes for its first 3 customers.
Project and Asset Accounting launches, shifting accounting focus from just compliance to unlocking asset value realization across accounting, tax and regulatory.
CR launches, helping revolutionize best practice in the industry for improving Cost of Removal recognition.
Depreciation Studies launches, providing more automation and current analysis to a major driver of revenue recovery.
Property Tax launches, streamlining compliance and optimizing property tax basis.
Lease Accounting launches, providing one solution for both owned and leased assets.
Tax Provision launches, leveraging PowerTax’s rich property-related tax data to incorporate regulatory calculations with traditional income tax accruals.
100th Client added, as PowerPlan becomes the de facto software standard in the utility industry.
Budgeting and Project Cost Management launches, improving multi-year budgeting and forecasting accuracy.
PowerPlan’s SAP Adapter for ECC is certified, providing consistent, proven integration between PowerPlan and SAP for PowerPlan’s rapidly growing base of utilities using SAP.
Tax Repairs launches to automate strategic management and capture of all entitled deductions related to repairs of tangible property.
Regulatory Solution launches to help customers respond to the increased regulatory scrutiny and pace of rate cases, and the proliferation of forecast test years, riders and other alternative rate-making approaches, to reduce regulatory lag and enable better regulatory outcomes.
SAP S/4 Adapter launches as part of SAP Partnership.
Roper Technologies acquires PowerPlan, providing a long-term home in its niche software portfolio.
Workflow Process Automation (WPA) launches, an intuitive SaaS workflow designer and automation engine that automates virtually any Powerplan process, workflow decision point, approvals and jobs; increasing customer’s financial transparency and auditability with complete tracking of every workflow’s execution.
Tax Fixed Assets (TFA) launches, PowerPlan's next-generation SaaS income tax depreciation and deferred tax solution, designed specifically for the demanding reporting requirements utility and energy companies face in meeting the constantly changing regulatory and compliance landscape.
Data Hub launches, PowerPlan’s library of data APIs, allowing customers from any environment to easily access, analyze and distribute their data to their system of choice such as business intelligence tools or data lakes, as well as access it through end user applications like Microsoft Excel and PowerBI.
9 out of 10 North American IOUs run on PowerPlan
The faster we can generate financial reports, the quicker we can get to analysis and strategic decisions. That’s why we rely on PowerPlan.
Leading U.S. Investor-Owned Utility
Bringing clarity and confidence to business since 1994
Our industry-leading solution is proven to help address many business challenges:
- Meet the increasing scrutiny of auditors and regulators quickly and effectively.
- Adopt and automate new regulations efficiently.
- Manage business change, acquisitions & divestitures.
- Enable enterprise data, automation and cloud strategies.
- Systematize institutional knowledge, controls and best practices.
- Leverage and enable organizational talent.
Did you know ...
PowerPlan offered the first solution able to capture the data needed to optimize financial decisions and satisfy compliance needs for asset intensive industries.
Fueled by the industry intensive knowledge of its team members in the U.S. and Canada, PowerPlan has earned a 98% customer retention rate.
PowerPlan software and professionals help more than 200 companies find the clarity they need to be confident in their asset management decisions.
Powering What's Possible
Precision and timeliness. They’re table stakes for providing world-class accounting and finance operations at today’s energy companies. PowerPlan offers the clarity and confidence to stay ahead of regulatory changes. To bring transparency to financial data. To support more effective decision-making in near-real-time.
The Company We Keep
Learn More About PowerPlan
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