Innovation in Tax Fixed Assets: Hope Utilities Adopts Best-in-Class Lucasys Software

Leading natural gas and water distribution services company, Hope Utilities, has implemented Lucasys’ industry-leading tax fixed asset software. Faced with the challenges of maintaining legacy software systems, Hope Utilities recognized the opportunity to streamline their accounting solutions and transform their business processes.

Vadim LantukhAugust 14, 2024Lucasystax, accounting, utilities, tax fixed assets, hope utilities, hope gas, best-in-class software, tax fixed asset, tax software, fixed asset accounting, infrastructure, data, streamlined, collaboration, utegration, finance4u

Summit Utilities Partners with Lucasys to Streamline Tax Fixed Assets

In a pivotal move towards operational efficiency and advanced technology adoption, leading natural gas company Summit Utilities has embarked on a transformative endeavor with premier software and consulting firm Lucasys to revolutionize their tax fixed asset software.

Vadim LantukhMarch 5, 2024Lucasystax, utilities, summit utilities, partner, tax fixed assets, fixed asset solutions, accounting, fixed asset accounting, lucasys, lucasys tax, tax software, tax consulting, utegration, tax fixed asset, tax technology

Navigating the Age Wave: The Maturing Workforce in the Utility Industry

A significant trend has emerged in the utility landscape that demands attention and adaptation: the age of its workforce. The average age of employees in the industry consistently surpasses the national average. As veteran workers approach retirement, rate-regulated utilities are being prompted with both challenges and opportunities. As utilities confront their own business processes and explore the next generation of software solutions, Lucasys stands as an industry leader.

Vadim LantukhAugust 28, 2023Lucasys tax, accounting, fixed asset accounting, tax fixed assets, lucasys, lucasys tax, maturing workforce, utilities, utility industry, Labor Statistics, Strategy, demographics, tax issues, tax accounting software, retirement

Simplified Implementation and Effortless Data Conversion

Implementing new software systems is a challenging task for rate-regulated utilities given the scope and complexity of their operations. The importance of seamless implementation and accurate data conversion cannot be overstated. Lucasys Depreciation was designed to address the unique challenges faced by rate-regulated utilities and provides an effortless implementation process.

Vadim LantukhJune 28, 2023tax, accounting, software, tax fixed assets, lucasys tax, lucasys, data, deferred tax, tax depreciation, rate-regulated, rate regulated utilities, investor-owned, depreciation systems, tax accounting software, fixed asset accounting

Lucasys Depreciation Simplifies Fixed Assets with User-Friendly Controls

Depreciation tracking can be a challenging task for rate-regulated utilities that have to comply with strict accounting standards, so Lucasys Depreciation was specifically designed to make the process more intuitive and user-friendly. One of the key benefits of Lucasys Depreciation is its incredible ease of use. New members of a team can immediately access advanced tools without the need for extensive training, allowing accounting and tax departments to quickly adapt to changes in resource planning. Whether you’re a seasoned accountant or tax professional, or someone just starting out in the field, Lucasys Depreciation can simplify the process of tracking depreciation and make your work more efficient.

Vadim LantukhMay 31, 2023Lucasys, Inctax, accounting, software, best-in-class software, fixed asset accounting, tax fixed assets, tax depreciation, deferred tax, rate-regulated, utility industry, rate regulated utilities, lucasys, lucasys tax, fixed asset solutions, tax fixed asset

Lucasys Depreciation Simplifies Fixed Asset Tracking for Utilities

Lucasys Depreciation was designed to streamline depreciation for utilities, with advanced reporting and dashboard functionality that make it easier for financial and tax teams to stay compliant while saving time and effort. Calculating and tracking fixed asset depreciation can be a complicated and time-consuming process, especially for rate-regulated utilities. Large quantities of assets and strict accounting regulations add complexity to what should be a straight-forward process. Whether you're a finance professional, tax professional, or someone interested in learning more about how technology can simplify complex financial processes, Lucasys Depreciation has the answers.

Vadim LantukhMay 23, 2023Lucasys, Inctax, accounting, tax fixed assets, fixed asset accounting, fixed asset solutions, lucasys tax, lucasys, tax depreciation, utilities, rate regulated utilities, investor-owned, best-in-class software, tax accounting software, depreciation systems, fixed asset