Lucasys 2024 Wrapped: A Year of Growth and Connection

As we close the book on 2024, we’re celebrating an incredible year of achievements, milestones, and connections. We have expanded to 21 talented team members, served 19 customers, rolled out 1,187 product improvements, attended 9 industry events, delivered 34 in-person demos across the country, and consumed an immense amount of coffee. Our team’s dedication and collaboration made this year one for the books. Here’s to our customers, partners, and team for making 2024 a success—we can’t wait to see what’s ahead in 2025!

Vadim LantukhDecember 17, 2024Lucasys2024 Wrapped, Lucasys, SaaS, Fixed Asset Accounting

Hope Utilities Expands Use of Lucasys Solution with Deferred Tax Application

Hope Utilities, a leading provider of US natural gas and water distribution services, has built upon their previous success with Lucasys and expanded their use of the Lucasys Tax solution by implementing its Deferred Tax application. Building on the successful implementation of Lucasys for Tax Depreciation, this milestone in Hope Utilities’ technology integration is part of the company’s ongoing commitment to leveraging advanced technologies to optimize operational efficiency and accuracy in financial reporting.

Vadim LantukhDecember 3, 2024LucasysHope Gas, Deferred Tax, Lucasys Tax, Tax Fixed Assets

What Utilities Can Learn from Macy’s Accounting Error

Macy’s recent disclosure of an employee’s intentional misreporting of up to $154 million in expenses has sparked important conversations about internal controls, accountability, and transparency. While the retail giant is navigating this challenge, there are key lessons for businesses across all industries, including utilities, where accurate financial reporting is not just critical but also highly scrutinized by regulators.

Vadim LantukhNovember 26, 2024Lucasysmacy's, accounting error, lucasys, lucasys tax, saas

Preparing for Policy Shifts Under the Trump Administration: What Investor-Owned Utilities Should Do Now

As President-elect Trump prepares to return to the White House alongside a Republican-led Congress, investor-owned utilities (IOUs) are looking at a landscape ripe for transformation. From extensions of his 2017 tax cuts and potential new tariffs to increased focus on energy production, major policy changes that directly impact the utility sector are likely on the horizon. To stay resilient in this evolving environment, IOUs need to act now.

Vadim LantukhNovember 19, 2024LucasysTrump Administration, Tax Fixed Assets, Lucasys, Tax

The Hidden Dangers of Bad Software Design: Why User Interface Matters More Than You Think

In an era where software powers almost every facet of modern life it can be easy to overlook the critical importance of user interface (UI) design. While sleek interfaces and easy navigation are often touted as the highlights of good design, poor UI can have far-reaching, sometimes disastrous consequences. Lucasys software is built to prevent these risks, offering clear, efficient, and error-proof interfaces. Below, we examine several real-world cases where inadequate UI design led to serious consequences and explain how Lucasys avoids similar pitfalls.

Vadim LantukhNovember 13, 2024LucasysUI, Software Design, Lucasys, Lucasys Tax, User Interface

Enterprise-Level Tax Systems: Lessons Learned from 100+ Implementations

Over the course of my career, I’ve had the privilege of working with over 100 enterprise clients in the utility and energy sectors, implementing tax technology systems ranging from business process automation to fixed asset cost recovery and deferred taxes to tax provision solutions. At Lucasys, our goal is to empower the modern finance organization to become industry leaders in the use of tax technology, increasing efficiencies and reducing risk in tax compliance, accounting, forecasting, and regulatory processes. Lucasys provides a suite of integrated tax applications to meet the growing complexities and challenges of today’s business and regulatory climates.

Vadim LantukhOctober 30, 2024LucasysEnterprise tax software, Lucasys Tax, Tax Technology