Utilities Accelerate Their Migration to PowerPlan’s Next-Generation Tax Solution
PowerPlan announced reaching a significant milestone with its Tax Fixed Assets (TFA) cloud solution, signing its 20th customer. The solution, which manages tax depreciation and deferred tax processes, now handles $500 billion in fixed assets across major North American utilities. Notable clients include Duke Energy, Exelon, Oncor, and American Water. TFA helps organizations manage tax processes efficiently, unlock data insights, and develop tax strategies with confidence.
PowerPlan ha annunciato di aver raggiunto un importante traguardo con la sua soluzione cloud per i Tax Fixed Assets (TFA), firmando il suo ventesimo cliente. La soluzione, che gestisce la depreciamento fiscale e i processi di imposte differite, ora gestisce $500 miliardi in attivi fissi per le principali utility nordamericane. Clienti notevoli includono Duke Energy, Exelon, Oncor e American Water. TFA aiuta le organizzazioni a gestire i processi fiscali in modo efficiente, sbloccare intuizioni sui dati e sviluppare strategie fiscali con fiducia.
PowerPlan anunció que ha alcanzado un hito significativo con su solución en la nube de Tax Fixed Assets (TFA), firmando su vigésimo cliente. La solución, que gestiona la depreciación fiscal y los procesos de impuestos diferidos, ahora maneja $500 mil millones en activos fijos en las principales utilidades de América del Norte. Clientes notables incluyen Duke Energy, Exelon, Oncor y American Water. TFA ayuda a las organizaciones a gestionar los procesos fiscales de manera eficiente, desbloquear conocimientos de datos y desarrollar estrategias fiscales con confianza.
PowerPlan은 Tax Fixed Assets (TFA) 클라우드 솔루션으로 중요한 이정표를 달성했다고 발표하며 20번째 고객과 계약을 체결했습니다. 이 솔루션은 세금 감가상각과 이연 세금 프로세스를 관리하며, 현재 북미 주요 공공 서비스에서 $5000억의 고정 자산을 처리하고 있습니다. 주목할 만한 고객으로는 Duke Energy, Exelon, Oncor, American Water가 있습니다. TFA는 조직이 세금 프로세스를 효율적으로 관리하고 데이터 통찰력을 활용하며 자신 있게 세금 전략을 개발할 수 있도록 돕습니다.
PowerPlan a annoncé avoir atteint une étape significative avec sa solution cloud pour les Tax Fixed Assets (TFA), signant son 20ème client. La solution, qui gère l'amortissement fiscal et les processus d'impôt différé, gère désormais 500 milliards de dollars d'actifs fixes dans les principales utilités nord-américaines. Parmi les clients notables figurent Duke Energy, Exelon, Oncor et American Water. TFA aide les organisations à gérer efficacement les processus fiscaux, à débloquer des idées basées sur les données et à développer des stratégies fiscales en toute confiance.
PowerPlan hat bekannt gegeben, einen wichtigen Meilenstein mit seiner Cloud-Lösung für Tax Fixed Assets (TFA) erreicht zu haben, indem es seinen 20. Kunden unter Vertrag genommen hat. Die Lösung, die die steuerliche Abschreibung und die latenten Steuerprozesse verwaltet, verwaltet nun $500 Milliarden an festen Vermögenswerten in den großen Versorgungsunternehmen Nordamerikas. Zu den bemerkenswerten Kunden zählen Duke Energy, Exelon, Oncor und American Water. TFA hilft Organisationen, Steuerprozesse effizient zu verwalten, Datenanalysen freizuschalten und steuerliche Strategien mit Zuversicht zu entwickeln.
- Reached milestone of 20 customers for TFA solution
- Managing significant portfolio of $500 billion in fixed assets
- Secured major utility companies as clients
- None.
Tax Fixed Assets provides financial clarity and increases tax efficiency for complex organizations
ATLANTA, Jan. 29, 2025 (GLOBE NEWSWIRE) -- In a show of continued industry momentum, PowerPlan today announced it has signed the 20th customer to use its Tax Fixed Assets (TFA) product, the industry-leading cloud solution for tax depreciation and deferred tax processes. Currently in use by some of North America’s largest utilities, TFA enables organizations to manage processes efficiently, unlock insights from data, and confidently forecast tax strategies. This milestone represents a total of
“TFA reimagines how tax professionals manage their work, with a forward-looking, easy-to-use product that simplifies complicated tax processes,” said Joe Gomes, CEO, PowerPlan. “In a period of uncertainty around corporate tax rate changes, our customers love TFA because it’s easy to forecast and quickly plan for multiple scenarios, helping drive accurate cost recovery.”
With enterprise-grade security and support, backed by the industry’s largest utility-focused team who knows what it takes to securely deliver enterprise cloud software, TFA is designed to meet the evolving needs of today’s utility tax professionals. The next-generation income tax depreciation and deferred tax solution is purpose-built for the demanding reporting requirements that utility and energy companies face in meeting regulatory requirements and business planning. TFA provides a modernized user experience with streamlined workflows, time-saving data validations, and curated insights to surface vital information quickly.
When organizations choose to migrate to TFA from PowerTax, PowerPlan’s legacy on-premises tax solution, the project is completed in just 6-12 weeks. PowerPlan designed the move from PowerTax to be as efficient as possible, with minimal effort from the customer team beyond data validation and system training.
For more information on Tax Fixed Assets, visit www.powerplan.com/tfa.
About PowerPlan
For more than 30 years, PowerPlan has helped utility and energy companies make the right financial decisions to improve lives and power the world. Through our industry-leading expertise, innovative technology, and vast experience listening to and working in tandem with our clients, PowerPlan software sets the standard that CFOs can count on for financial clarity. PowerPlan operates as an independent subsidiary of Roper Technologies (Nasdaq: ROP). For more information, visit www.powerplan.com.
FAQ
How many customers are using PowerPlan's Tax Fixed Assets (TFA) solution?
What is the total value of fixed assets managed by PowerPlan's TFA solution?
Which major utility companies use PowerPlan's TFA solution?
What are the main benefits of PowerPlan's Tax Fixed Assets solution?
