There are many misconceptions surrounding software bots. The term ‘bot’ is applied to a vast array of different technologies, which can make pinning down a precise definition difficult. Clearly the pervasiveness of software bots speaks to how useful they can be. But what exactly are software bots, and what exactly are their capabilities? More importantly, do they have a place in the technological toolbelt of the workforce of tomorrow?

Vadim LantukhMarch 2, 2021tax, accounting, software, bots, lucasys, lucasys tax, computer programs, it, robotic process automation, use case, automated software, security risks, data, enterprise, best-in-class software, software suite, software solutions, tax accounting systems

Cloud Computing is Revolutionizing Business Processes

Many industries are leveraging the power of cloud computing to revolutionize their processes, and the COVID-19 pandemic has further accelerated the need for software solutions that can be accessed remotely. Businesses are transitioning to more comprehensive digital processes with cloud solutions at their core.

Vadim LantukhJanuary 20, 2021tax, accounting, software, enterprise, lucasys, lucasys tax, cloud computing, tax accounting systems, tax software, utility industry, regulated utilities, tax automation, tax accounting infrastructure, utilities, software suite

Restoring a Culture of Data Quality

Data quality is not just an IT problem, it is a business problem. This may not be a pleasant realization for executives who have other things to think about and expect someone on their team to be taking care of such issues. But when your company is attempting to cultivate relationships with customers, shareholders, regulators, and auditors, and you cannot deliver on promises because your data does not back you up, your data problem is now everyone’s problem

Vadim LantukhNovember 17, 2020tax, accounting, enterprise, tax accounting systems, tax accounting software, data quality, lucasys, lucasys tax, IT, reconciling data, bad data, data quality management, data integration, data systems, software suite, software design, demo

Lucasys Announces Completion of SOC 2 Type 2 Audit Certification

Lucasys is proud to announce an important compliance milestone in the completion of a SOC 2 Type 2 attestation for its software solutions. This security compliance measure is a testament to Lucasys’ continued commitment to protecting customer data as it emerges as a leading cloud provider for enterprise financial solutions.

Vadim LantukhNovember 2, 2020tax, accounting, enterprise, soc, soc 2, soc 2 type 2, certification, audit, lucasys, lucasys tax, software solutions, compliance, utility industry, rate-regulated, software suite, AICPA, tax software, automated software

Lucasys Approved as CPE Sponsor by NASBA

Lucasys, a leading provider of cloud accounting, tax, and financial reporting solutions, today announced their certification registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education (CPE) on the National Registry of CPE Sponsors. Lucasys is certified to provide continuing education via group live and internet-based delivery methods.

Vadim LantukhOctober 12, 2020tax, accounting, software, enterprise, lucasys, lucasys tax, CPE, NASBA, software solutions, best-in-class software, deferred tax, tax depreciation, software suite, tax software, automated software

Utilities closely watching FERC ADIT reporting requirements

Comment letters are in, and the waiting game has begun.

On November 15, 2018, FERC initiated RM19-5, a Notice of Proposed Rulemaking that addresses how electric transmission providers, natural gas utilities, and pipelines must reflect the accounting and reporting of excess deferred income taxes resulting from the Tax Cuts and Jobs Act of 2017. Comment letters were due by January 22, 2019.

Vadim LantukhJanuary 29, 2019tax, accounting, ferc, regulatory reporting, financial reporting, lucasys, lucasys tax, software, enterprise, tax accounting software, tax accounting infrastructure, adit, financial statement, utility industry, rate regulated utilities, accounting solutions, software design, software suite