Atlanta, GA (July 13, 2012) California Water Service Group recently licensed PowerPlan’s Lessee Accounting Solution. The system will fully integrate with their existing PowerPlan Suite including Asset Accounting, PowerTax, Capital Budgeting, Projects and Charge Repository. PowerPlan’s Lessee Accounting includes robust functionality to support operating vs. capital lease determination, bookkeeping, investment management, payment workflow and processing, and reporting. This automation reduces costs and IT complexity while increasing visibility into the company’s lease inventory.
About California Water Service Group:
California Water Service Group, through its subsidiaries, provides regulated and non-regulated water services. It engages in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. As of February 29, 2012, it served approximately 2 million people in California, Washington, New Mexico, and Hawaii communities. The company was founded in 1926 and is headquartered in San Jose, California.
About PowerPlan: PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email firstname.lastname@example.org or visit www.powerplan.com.
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