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 increased regulatory scrutiny and pace of rate cases.  The solution also assists 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.