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.
Read More
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.
Read More
As the landscape of corporate tax rates remains uncertain, one thing is crystal clear: utilities must be prepared to adapt swiftly when change inevitably arrives. The timing and specifics of these rate adjustments may be hazy, but one proactive step utilities can take is investing in modern tax software that offers flexibility and functionality. Adaptable tax software can empower tax departments to adjust their computations quickly and efficiently in response to evolving tax regulations, ensuring compliance and accurate financial reporting in a dynamic tax environment.
Read More
In an era where technological advancements are reshaping industries and redefining the very essence of efficiency, utilities find themselves at a crucial crossroads. Ever-growing demand for reliable energy services has placed an enormous burden on rate-regulated utilities to streamline their operations and optimize every facet of their business. However, many utilities continue to rely on outdated accounting systems and processes that limit their ability to adapt to an evolving landscape. Investment in high-performance computing is becoming critical for operational success, and utilities need a viable plan for transitioning to the best available accounting technology in order to drive sustainable growth in a competitive market.
Read More
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.
Read MoreImplementing 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.
Read More