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

Atlanta (December 15, 2016) PowerPlan, the leading compliance provider of regulatory, budgeting and tax solutions for asset-intensive organizations, announces its latest release, version 2016.1.

Focusing on the needs of customers continues to be a priority for PowerPlan’s product development. For version 2016.1, PowerPlan introduces a new Provision Tax Basis Balance Sheet (TBBS) solution. This tool is example of development with collaboration from PowerPlan customers, which is now configurable by end users through application workspaces and supports multiple schemas and reporting structures for complex and varied company structures. 

“We recognize how important it is for us to understand how our customers use our solutions day-to-day,” says Aaron Smith, Senior Product Manager. “Our ability to automate their processes and support their decision making is inspired by our prioritization of their most significant concerns.”

Additionally, this release includes several new features to help customers simplify their compliance activities. The lease conversion and transition tool helps companies plan for and adopt the new ASC840 Lease Accounting standard, a new plant to book reconciliation tool supports the audit requirements of ASC740, departmental driver based budgeting allows bottoms up budget development, and updates to mobile projects completion allows project managers in the field to maintain in-service and completion dates for work orders.

Existing customers can access the latest upgrade by contacting their PowerPlan representative.