Drive cash flow through fixed assets with deferred tax software
Our solution is purpose-built for companies in asset-intensive industries to automatically comply with ASC740 and ASC980 deferred tax requirements. Due to legislative and regulatory changes, these requirements are dynamic. React in real time, model and forecast scenarios to maximize cash tax savings, optimize deferral of taxable income, and support rate base planning for regulated entities.
By Lucasys Inc
Benefits
Streamline your tax processes with effortless, plug-and-play integration
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—so your team can focus on insights, not integration.
Unlock unmatched visibility into basis adjustments
Uniquely track tax basis adjustments at a granular level—something no other system on the market offers. Our platform provides complete transparency into the lifecycle of basis changes, enabling accurate deferred tax calculations and ensuring audit-ready precision. This powerful capability eliminates manual tracking, reduces risk, and supports compliance with complex tax regulations.
Simplify tax reporting with intuitive design
Designed with simplicity in mind—featuring intuitive navigation, minimal configuration, and no need for complex mappings. Users can get up and running quickly, with automated processes and seamless integration into existing systems, making tax reporting faster, easier, and more accurate.
Track unique tax rate change layers
Accurately account for the impact of tax rate changes on deferred tax balances, ensuring compliance with accounting standards and minimizing errors in financial reporting. Track individual events and rate changes in distinct layers.
Features
Track excess and flow-through
Effectively monitor and manage excess and flow-through deferred income taxes, providing visibility into their impact on financial statements and facilitating proactive tax planning strategies.
Unlock advanced reporting functionality
Generate comprehensive and customizable reports, enabling clear and transparent communication of deferred tax positions and their effects on financial statements to stakeholders and regulatory bodies.
Optimize dynamic excess reversal controls
Manage and adjust the reversal of deferred tax balances between ARAM and alternative methods, ensuring accurate financial statements and optimizing tax positions based on changing circumstances, regulations, and laws.
Plans and pricing
Enterprise Edition
Design: Document business requirements; formalize conversion design; formalize configuration design; formalize integration design
Data Conversion: Convert deferred tax balances from most recent as-filed tax year into Lucasys software
Configuration: Configure all existing excess and flowthrough jurisdictions and basis adjustments
Benchmark: Validate software results against previously computed results in system-of-record
Integration: Configure allocation/attribution of book depreciation activity
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
Design: Document business requirements; formalize conversion design; formalize configuration design; formalize integration design
Data Conversion: Convert deferred tax balances from most recent as-filed tax year into Lucasys software
Configuration: Configure all existing excess and flowthrough jurisdictions and basis adjustments
Benchmark: Validate software results against previously computed results in system-of-record
Integration: Configure allocation/attribution of book depreciation activity
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 and Trade Management |
| Industry | 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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| 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 expands use of Lucasys solution with Deferred Tax application
Lucasys Deferred Tax empowers utilities with dynamic excess reversal controls
Summit Utilities Partners with Lucasys to Streamline Tax Fixed Assets
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.
