Fast, intuitive, and automatic tax compliance.
By focusing on intuitive workflows and automation, we’ve created a solution that integrates seamlessly to SAP S/4HANA Finance and takes the burden out of depreciation while incorporating all of the processing and reporting requirements needed for your business. As soon as fixed asset data is available, automatically compute the associated tax impacts and eliminate manual configurations with our streamlined solution.
By Lucasys Inc
Overview
Streamline tax reporting with intuitive design
Get up and running quickly thanks to intuitive navigation, minimal configuration, and no need for complex mappings. Automated processes and seamless integration into existing systems make tax reporting faster, easier, and more accurate.
Integrate effortlessly with a plug-and-play solution
Designed for easy integration—no complex mappings, no heavy configuration, and no IT headaches. Our solution connects effortlessly to upstream and downstream systems, automating the flow of data to streamline your tax processes. With a plug-and-play approach, you get a faster implementation and a more efficient operation.
Unlock tailored reporting for seamless compliance and communication
Our software solution empowers you to select from a variety of pre-designed standard reports or craft custom reports to showcase depreciation information in the format that best fits your business needs. This flexibility ensures effortless compliance with reporting standards while enabling clear, efficient communication with tax authorities and stakeholders.
Details
Solution Type
Extensions and Add-ons
Industry
Oil, Gas, and Energy, Utilities, Cross-Industry
Compatibility
Works with
Features
Track assets and gains or losses with precision
Comply with changing tax rules to depreciate your fixed assets. Enter asset details and manage a centralized database, making it easier to monitor assets throughout their lifecycle. Accurately calculate depreciation and gain/loss, and generate comprehensive reports.
Harness flexible grid functionality
Leverage robust and flexible grid functionality to review results and perform data analysis. Features include a customizable grid layout, resizing, sorting, filtering, reordering, conditional formatting, pivoting, drag-and-drop functionality, and export options.
Includes multi-book, multi-jurisdictional support
Maintain multiple sets of books to meet diverse federal and state tax requirements. Our solution supports depreciation and bonus calculations for all 50 states, ensuring accurate, compliant treatment across jurisdictions—no matter how complex the rules.
Plans and pricing
Enterprise Edition
Design: Document business requirements; formalize conversion design; formalize configuration design; formalize integration design
Data Conversion: Convert most recent as-filed tax year into Lucasys software
Configuration: Configure all existing methods and elections
Benchmark: Validate software results against previously computed results in system-of-record
Integration: Configure imports of additions, retirements, and basis differences
Unit Testing and User Acceptance Testing: Perform integrated testing by vendor and end user
Deployment: Deploy application and data to production server
- Minimum contract 1 year
- Has prerequisite
Design: Document business requirements; formalize conversion design; formalize configuration design; formalize integration design
Data Conversion: Convert most recent as-filed tax year into Lucasys software
Configuration: Configure all existing methods and elections
Benchmark: Validate software results against previously computed results in system-of-record
Integration: Configure imports of additions, retirements, and basis differences
Unit Testing and User Acceptance Testing: Perform integrated testing by vendor and end user
Deployment: Deploy application and data to production server
Technical Information
| Solution Type | Extensions and Add-ons |
| Category | Tax Management |
| Industry | Oil, Gas, and Energy, Utilities, Cross-Industry |
| Works with |
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
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| Globalization |
Localized for business best practices This product has been localized to incorporate local business best practices (e.g. support for local currencies). |
| Operations |
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Security |
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| Compliance |
SOC 1 and SOC 2 A18:C26 This provider complies with relevant AICPA standards for internal controls over financial reporting and for information system security, availability, processing integrity, and confidentiality or privacy. |
| Privacy policy |
SAP's privacy policy is not applicable to the use of this app. Please refer to the privacy policy provided by this app's partner. |
Resources
Hope Utilities implements Lucasys Tax Depreciation
Lucasys Depreciation simplifies fixed asset tracking for utilities
Summit Utilities transforms tax fixed assets with Lucasys
Publisher
Lucasys Inc
Lucasys delivers software and technology-enabled services to empower finance, accounting, and tax professionals in asset-intensive industries to optimize the financial performance of their fixed assets and proactively meet changing regulatory and compliance requirements. With a core focus on rate-regulated utilities, Lucasys provides the industry and domain expertise utilities require to meet their business objectives.
