News | PowerPlan

TFA is PowerPlan's next-generation income tax depreciation and deferred tax solution designed specifically for the demanding reporting requirements utility and energy companies face in meeting regulatory standards and in business planning.

11/18/2021

PowerPlan continues to innovate current solutions to solve ahead of future regulatory challenges

PowerPlan, Inc. today announces their latest release, version 2021.2, which includes enhancements across our product suites.

9/27/2021

PowerPlan Maintains SOC 1 and SOC 2 Compliance

PowerPlan, Inc. announces its sixth successful completion of SOC 1 Type II and SOC 2 Type II audits.

5/18/2021

PowerPlan continues to innovate financial solutions for the unique requirements of the energy industry

PowerPlan, Inc. today announces the availability of version 2021.1, developed to address the unique needs of the energy industry ahead of tax reform. This release also includes enhanced lease reporting options and updates improving the enablement of RPAs for fixed asset accounting.

4/21/2021

New product for energy companies automates critical accounting and IT tasks with full audit trail

Announcing our newest SaaS solution, Workflow Process Automation, which automates repeatable tasks critical for accounting and IT teams in the energy industry and provides transparency for Sarbanes-Oxley auditability.

12/17/2019

Registration for PowerPlan’s User Conference, ELEVATE 2020, is Now Open

Registration for ELEVATE 2020, being held on Nov. 15-18, 2020, at the Marriott Marquis San Diego Marina, is now open for PowerPlan customers.

12/10/2019

Utility Leaders Expected to Take Capital Investment to the Next Level in 2020

As finance leaders and capital planners look ahead to the next decade, utilities must proactively plan future investments, while balancing competing priorities, reducing risk and maximizing ROI.

11/20/2019

Free Resources from Water Asset Management Online Conference

The Fall 2019 Series One of the Water Asset Management Conference focused on how water utility leaders can confidently manage their assets in a digital world.

10/30/2019

Seminole Electric Cooperative Selects PowerPlan Leading Utility Solutions

Seminole Electric Cooperative has selected Powerplan’s Fixed Assets and Income Tax Suites for accounting, compliance and reporting on fixed assets.

10/15/2019

Tax Cuts and Jobs Act Clarifications Require Adjustments by Financial Leaders, Impacting Financial Decisions

At the beginning of the year, there were already over 550 pages of clarifications around tax reform. As the end of the year approaches, proposed regulations continue to be clarified, also continuing to create stress for leaders of organizations of all sizes.

10/02/2019

Financial Managers in the Public Sector Reconsider Infrastructure Preparedness as Hurricane Season Peaks

The recent devastation of the Bahamas and damage to the southeastern United States due to Hurricane Dorian has prompted finance managers in the public sector to evaluate their natural disaster preparedness plans to better support their constituents and proactively manage their infrastructure.

9/25/2019

Private Companies Realize Opportunities for Improvement Beyond the Lease Accounting Standards

Since the Financial Accounting Standards Board voted unanimously to propose delayed adoption of the lease accounting standards for private companies, organizations now have a greater opportunity to go beyond compliance and improve operational efficiencies when implementing the new standards.

8/06/2019

PowerPlan Achieves SOC 1 and SOC 2 Compliance

PowerPlan, Inc., a leading provider of strategic corporate performance management for asset-intensive companies, announces its second successful completion of SOC 1 Type II and SOC 2 Type II audits.

7/16/2019

As Utilities Exceed Historic Levels of Capital Investment, Financial Leaders Look for Ways to Optimize Budgets, Mitigate Financial Risk

With capital spending and regulatory scrutiny above average for the utility industry, the office of the CFO must optimize spend and profitability now more than ever. Many regulated utilities have turned to automated solutions to justify their investment plans and align their future rate case strategies with their long-term capital plans.

7/09/2019

CFOs Realize Tax Can Be Utilized For More Than Compliance

Finance leaders are always looking for ways to drive profits and increase shareholder return. What CFOs may not be considering is that they can leverage their organization’s deferred taxes to grow earnings.

6/25/2019

PowerPlan Expands Leadership Team To Support Continued Company Growth

PowerPlan, Inc., a leading provider of strategic corporate performance management for asset-intensive companies, announced today the appointment of Brett Bertz as its Chief Customer Officer and John Budala as its Chief Information Officer.

5/17/2019

Organizations Honored for Enhanced Operational Efficiencies, Improved Financial Performance and Reduced Audit Risk

PowerPlan, Inc., a leading provider of strategic performance management software for asset-intensive companies, is proud to announce the winners of its 2019 customer awards.

5/09/2019

Eyes Are On Public Companies Modifying Lease Disclosure Processes Following Q1 Filing

Public companies complying with the FASB ASC 842 lease accounting standard have started to report their first disclosures for the fiscal year under the new model. Now, with all leases identified on the balance sheet, eyes are on accounting teams as they work to resolve unexpected reporting challenges and smooth out their process heading into the second fiscal quarter.

5/07/2019

Leaders From Asset Intensive Organizations Anticipate Education of Industry Best Practices at ELEVATE 2019

Accounting, tax, and operations professionals from companies that provide infrastructure in North America, the UK, and parts of Australasia will gather in Atlanta, GA from May 14-17 for ELEVATE 2019.

2/26/2019

Private Sector Organizations Face Hurdles as They Prepare for Compliance to New Lease Accounting Standards

Though private companies have nearly a year before they will be required to comply with the FASB/IASB lease standard, the challenges faced by publicly traded companies that recently complied should serve as a warning to start implementing the new standard sooner rather than later.

1/15/2019

Auditors Express Concern that Spreadsheets Will Create Compliance Issues with the New Lease Accounting Standards

With the FASB and IASB lease accounting standard deadline already here for public companies and quickly approaching for private companies, many are finding that spreadsheets won’t fully support their compliance efforts.

12/20/2018

New Software Features Empower Asset Managers to Optimize Asset Investments

PowerPlan, a leading provider of strategic corporate performance management for asset-intensive companies, has announced the release of Asset Investment Optimization version 7.0.

10/29/2018

PowerPlan Names Software Veteran Joe Gomes as CEO

PowerPlan, Inc., a leading provider of strategic corporate performance management for asset-intensive companies, today announced the appointment of Joseph “Joe” V. Gomes as CEO of the company.

10/16/2018

Strategic Tax Leaders are Preparing Now for Tax Reform 2.0

This year organizations adjusted their tax approach due to the passing of the Tax Cuts and Jobs Act. Strategic tax teams are continuing to prepare for another round of amendments with the potential for Tax Reform 2.0.

10/09/2018

PowerPlan Appoints New Chief Financial Officer

PowerPlan, Inc., a leading provider of strategic corporate performance management for asset-intensive companies, today announced the appointment of Joost Rutten as Chief Financial Officer.

10/04/2018

Australia and New Zealand Experience Increasing Demand for Asset Investment Optimization and Lease Accounting Software Solutions

Asset intensive organisations in Oceania have turned to software solutions to enable their investment planning, operations, accounting and tax teams to quickly meet new regulatory compliance standards and strategically plan for future regulatory changes.

9/20/2018

Storms and Natural Disasters Create Millions in Recovery for Accounting Organizations

As tropical storms and destructive forest fires attack the United States, companies and government organizations are in a rush to allocate dollars for the recovery of infrastructure.

9/13/2018

Tax Leaders Need to Prepare for the Impact of Tax Reform on Rate Cases

Tax leaders at rate regulated companies need to quickly address the impact of the recent changes caused by the Tax Cuts and Jobs Act passed in late 2017. One major decision is if they will pass on the tax savings to their ratepayers.

8/09/2018

Organizations and Government Entities Optimize Return on Invested Capital with Asset Investment Optimization Solution

PowerPlan, a leader in asset investment optimization software, enables organizations to consider long-range investments based on risk, priority, and level-of-service using an objective-based methodology for maximum return.

8/02/2018

Fortune 500 Companies Select Lease Accounting Software Solution for Compliance to New Standards

More than 25 companies ranked within the Fortune 500 space have selected PowerPlan for their lease accounting software solution as they prepare for IFRS 16 and ASC 842.

7/26/2018

With Less Than 6 Months to Implement FASB and IASB Lease Accounting Standards, Organizations are under Pressure to Meet Guidelines

With less than 6 months to implement the FASB and IASB lease accounting standards, organizations are racing time to comply by January 1, 2019.

7/17/2018

Greater Anglia Selects PowerPlan to Optimise Its Asset Investments

Greater Anglia, a UK-based train operating company, has selected PowerPlan’s Asset Investment Optimization software suite to maximise its asset investments over a 40-year time period.

7/10/2018

Oil and Gas Corporations Turn to PowerPlan to Automate FASB and IASB New Lease Standards

Nine major oil and gas corporations have selected PowerPlan’s Lease Accounting solution this year as the deadline for compliance with IASB’s and FASB’s new standards quickly approaches.

6/28/2018

PowerPlan Teams with BPD Zenith to Promote IBM Maximo and Asset Investment Optimization Integration

PowerPlan, a leading provider of asset investment optimization software, has announced a strategic partnership with BPD Zenith, one of the first-in-class global resellers of IBM’s Maximo product. Through the partnership, PowerPlan and BPD Zenith have demonstrated the benefits of a holistic approach to asset management, planning and optimization, and their integrated solutions across those disciplines.

6/21/2018

Minimize the Impact of an Infrastructure Disaster with Integrated Asset Planning and Optimization

PowerPlan, a leader in asset investment optimization software, has released a new white paper titled, “Are you prepared to stop a large infrastructure disaster from also becoming a financial disaster?” The white paper highlights the impact of limited capital on infrastructure disaster relief, and offers solutions to minimize the impact with holistic asset plans.

6/12/2018

CPA Journal Drives Companies to PowerPlan’s Lease Resource Center

The CPA Journal published an article providing free resources to help understand upcoming lease regulation changes.

6/07/2018

PowerPlan Public Sector Clients Win Tereo Awards

The City of Calgary, Alberta and the City of Burlington, Ontario, users of PowerPlan’s Asset Investment Optimization Suite, won distinctive awards at the Canadian Network of Asset Managers (CNAM) Conference.

6/04/2018

Roper Technologies Completes Acquisition Of PowerPlan

Roper Technologies, Inc. (NYSE: ROP), a diversified technology company, today announced that it has completed its previously announced acquisition of PowerPlan.

5/31/2018

PowerPlan Announces Technology Partnership with LEVERTON to Accelerate Adoption of the New Lease Standards

PowerPlan, a leading provider of lease accounting software, has announced a strategic technology partnership with LEVERTON, the leading AI-based document and data abstraction platform. The partnership, which involves the product integration of PowerPlan and LEVERTON, allows users to streamline management of all leases, including the automatic extraction and structuring of data from lease asset documents.

5/21/2018

PowerPlan To Be Acquired by Roper Technologies

4/24/2018

PowerPlan Named Finalist for 2018 SAP® Pinnacle Award

PowerPlan is pleased to announce that SAP has recognized it as a finalist for an SAP® Pinnacle Award in the ISV Partner of the Year – Technology Innovation Award category. The annual SAP Pinnacle Awards acknowledge the contributions of leading SAP partners that have excelled in developing and growing their partnership with SAP and helping customers meet their goals.

4/12/2018

Organizations Have Less than 200 Workdays to Adopt the New Lease Accounting Standards (ASC 842/IFRS 16)

PowerPlan, the leading provider of Lease Accounting software, is pleased to announce its Lease Accounting Readiness Checklist, which has helped organizations prepare for adoption with ASC 842/IFRS 16.

4/04/2018

Strategic Tax Teams Prepare for the Impact of the New Lease Standards

While accounting departments are focusing on complying with the new lease standards (ASC 842/IFRS 16), tax departments also need to focus on the impacts of moving leases with terms greater than 12 months onto the balance sheet.

2/13/2018

Strategic Companies Leverage PowerPlan to Maintain Compliance Throughout Tax Reform

PowerPlan helps companies maintain compliance during times of changing federal and state tax regulations.

12/19/2017

PowerPlan Announces Strategic Partnership with EAMS Group

PowerPlan and EAMS Group, a global leader in the provision of enterprise asset and safety management services and solutions and digital transformation, announce their joint partnership.

11/15/2017

Announcing 2017 Comet Award Winners

PowerPlan is proud to announce the 10 winners of its Comet Awards.

11/07/2017

PowerPlan Announces Strategic Partnership with MACS EU

PowerPlan and MACS EU, one of Europe’s largest IBM Gold Business Partners for the Enterprise Asset Management solution IBM® Maximo®, announce their partnership.

9/27/2017

Asset Management Planning Helps Municipalities Prioritize Projects to Replace Aging Infrastructure

With limited people resources and budget, municipalities of all sizes must prioritize aging infrastructure projects to improve their community’s overall health.

8/23/2017

Companies Choose PowerPlan Lease Accounting Solution to Meet the FASB and IASB Lease Accounting Standards

PowerPlan, announces seven additional customers to their growing user base who are benefitting from PowerPlan’s Lease Accounting module, which ensures companies are fully compliant with the new FASB and IASB lease accounting standards.

8/01/2017

PowerPlan Celebrates 16 Years Helping Customers Manage The Accounting of Their Lease Agreements

Companies leveraging PowerPlan’s Lease Accounting module benefit from an integrated solution that is fully compliant with the new FASB and IASB lease accounting standards.

6/15/2017

PowerPlan to Build Adapter for SAP S/4HANA® to Address Customer Needs Today and Into the Future

PowerPlan will integrate and offer the PowerPlan Adapter for SAP S/4HANA®, a powerful, real-time integration solution based on the SAP HANA® platform.

5/23/2017

PowerPlan to Provide Asset Management Software and Services to NZ National Grid

PowerPlan is pleased to announce that its Asset Management Planning Suite (AMP) will assist Transpower New Zealand as part of its ongoing effort to reduce costs while evolving its services.

5/16/2017

ElectraNet Selects PowerPlan to Enhance its Asset Management Decision Making

PowerPlan is pleased to announce that South Australia-based electricity transmission specialist ElectraNet has selected and implemented PowerPlan’s ADS module as part of its strategy to better prioritize, optimize and improve the management of its asset portfolio investments.

3/30/2017

Free Whitepaper on How the District of Columbia Identified and Addressed Gaps in its Funding for Capital Infrastructure

PowerPlan, the leading provider of asset investment planning software, announces a free whitepaper highlighting the District of Columbia.

1/17/2017

VELCO turns to PowerPlan to Drive Cost Controls and Improved Forecasting with Compliance Best Practices

PowerPlan’s Suite helps utilities and public sector organizations of all sizes to improve financial operations

12/15/2016

PowerPlan’s Latest Release Incorporates Customer Feedback for Updates to the New Lease Standards and Provision

PowerPlan, the leading compliance provider of regulatory, budgeting and tax solutions for asset-intensive organizations, announces its latest release, version 2016.1.

8/09/2016

Nine Questions Property Accounting Managers and Financial Executives Should Be Asking About the New Lease Standards

PowerPlan, the leading provider of regulatory, budgeting and tax solutions for asset-intensive businesses, today shared a recent best practices document 9 Questions Property Accounting Managers and CFOs Should Ask Now regarding the new lease accounting standards.

6/09/2016

PowerPlan Announces 2016 Comet Award Winners

Company Recognizes Long-standing Partnerships with Company and Individual Awards

5/17/2016

El Paso Selects PowerPlan’s Patent Pending Regulatory Management Solution

To help maximize the company’s investment for their future

2/08/2016

PowerPlan, Inc. Acquires Riva Modeling Systems Inc.

The acquisition expands PowerPlan’s suite with an integrated asset investment and management planning solution

2/03/2016

Announcing PowerPlan 360 Cloud Services

PowerPlan, the leading provider of regulatory, tax and budgeting solutions for asset-centric businesses, today announces PowerPlan 360 managed services designed to help customers focus on running their business and not running their software.

1/13/2016