PowerPlan helps executives proactively stay ahead of the complex, ever-changing web of compliance and regulatory requirements by providing timely delivery of all SEC / FASB, FERC, tax changes and requirements.
In fact, only PowerPlan simultaneously supports GAAP, CGAAP, FERC, regulatory and IFRS books within a single project and asset record. Together, these capabilities enable businesses to more tightly control governance, stand up to audits, reduce the possibility of restatements and improve recoveries. Both regulated and non-regulated utilities of all sizes use PowerPlan.
Supporting a culture of cost management
PowerPlan was founded in 1994 with a clear mission: to provide asset-intensive companies with an integrated accounting, tax, budgeting and analytical solution that would enable businesses to generate more cash, mitigate compliance risk and support a culture of cost management. Today, companies such as Austin Energy, Duke Energy, Southern Company, Portland General Electric, and Cobb EMC use PowerPlan to manage the detailed information for every asset required to maximise their value and optimise financial performance.
Accounting, tax and budgeting / analytics software solutions
PowerPlan arms executives with a fully integrated suite of asset-centric accounting, tax and budgeting / analytics software solutions that seamlessly augments, integrates and translates all the data gaps shared between GL-based ERP and EAM systems.
Sophisticated asset-centric accounting capabilities make these systems run more efficiently by automating the complete asset lifecycle from planning through retirement to improve cash flow, tax minimisation and manage costs at a detailed level, while tightly controlling compliance across multiple jurisdictions.
PowerPlan customers benefit from a strategic partnership; PowerPlan acts as an extension of your operating committee to help solve problems, handle unexpected events or shifts in priorities that inevitably arise. PowerPlan clients tap into the accumulated knowledge, best practices and decades of expertise derived from actively managing assets across utilities of all sizes.
Integrating existing ERP, EAM and Legacy systems
Only PowerPlan offers the leading asset-centric software solution built specifically for companies whose assets drive their revenues. PowerPlan arms executives with a fully integrated suite of asset-centric accounting, tax and budgeting / analytics software solutions that integrate to existing ERP, EAM and Legacy systems. PowerPlan has a proven track record of delivering measurable business value to organisations across diverse industries and geographies.
Improve compliance through:
- Better componentisation of assets
- More accurate retirements, demolition costs and depreciation
- Elimination of the reliance on external spreadsheets and customisations
Reduce taxes by:
- Accelerating in-service and componentisation
- Maximising deductions during the construction cycle
- Generating plant accounting records that are more useful for property and income tax minimisation
Drive labour efficiencies by:
- Expediting the accounting close cycle
- Automating reporting and analysis
- Freeing up resources to focus on high-value analysis rather than processing
Most PowerPlan clients have achieved a return-on-investment in less than two years, some even in a matter of months. With our business value study, you can estimate the value your team can achieve by implementing PowerPlan solutions. The study can validate and quantify any significant gaps between current and best practice across a wide range of key value drivers allowing companies to estimate potential benefits in the areas of budgets, projects, asset management and taxes as related to existing and new assets.
Optimise the financial performance of your fixed assets
Contact PowerPlan to find out how can the company can help you unleash the hidden value in your fixed assets.
About PowerPlan, Inc.
PowerPlan provides a fully integrated suite of asset-centric accounting, tax, budgeting and analytics software solutions purpose-built to enable asset-intensive businesses to generate more cash, mitigate compliance risk and support a culture of cost management.
Designed for today’s ever-changing business and regulatory climate, PowerPlan reshapes the way industries such as utilities, oil and gas, transportation, telecommunications and mining manage the detailed information for every asset required, to maximise their value.