PowerPlant and PowerTax are the dominant Project, Asset, and Tax systems in use for asset intensive companies no matter which ERP system they use. The PowerPlant and PowerTax software systems represent a comprehensive Project - Asset Suite covering the full range of management and accounting requirements. PowerPlant provides an efficient, automated process while delivering superior functionality. There is easy integration to financial and engineering software via transaction exchanges tables. With PowerPlant there is no need for outside systems to do depreciation studies, tax depreciation or deferred tax, leased asset accounting, land and real estate tracking, property taxes, etc. - minimizing the amount of system integration while providing superior analysis tools such as on-line net book valuations.
PowerPlant and PowerTax have delivered significant business savings at each and every client site. Our products have allowed departments to streamline their processes and reduce staff, while at the same time providing an additional level of strategic analysis. In addition, PowerPlan has consistently been able to deliver tax savings, both immediate and future, by incorporating a tax minimization process that starts far upstream of the tax department in book and work order processing. PowerPlant can minimize the tax interest capitalized, track tax repairs, and repair allowance property, maximize the tax loss by mechanically recognizing infant mortalities, and otherwise help minimize the income and property tax liabilities.
Other systems may promise vague "integration" savings via a reduction in staffing but that hasn't often been demonstrated. More frequently, untested or generic asset systems have cost companies time and money in customization and unsupported upgrades and significantly reduced their ability to provide strategic business and tax savings. With PowerPlant, your company gets a proven and streamlined process - with full tax minimization and superior analysis at your fingertips.
The PowerPlant systems include delivered table driven integration, and are contractually maintained on a timely basis for all SEC/FASB, FERC, IRS and state changes and requirements. PowerPlant delivers full GAAP and IFRS accounting, tax, and regulatory compliance.