PowerPlan Consultants, Inc. was founded in April 1994 by a team of software developers, accounting and tax experts, and industry specialists. The focus was to provide the only integrated project, asset, depreciation, and tax management system for asset intensive industries and companies. Since then PowerPlan has performed as the fastest growing company in this area of expertise. PowerPlan has achieved market dominance within the energy industry due to the capital-intensive nature of their businesses.
PowerPlan's services cover the full spectrum of consulting and support required to implement an efficient workflow process encompassing a completely automated project and fixed asset accounting methodology. Specifically, PowerPlan offers data warehouse, project accounting, closing, unitization, asset accounting, book depreciation, depreciation studies, leased asset accounting, tax depreciation, deferred tax, monthly tax provision, and property tax software for asset intensive industries. Recent additions include operating and capital budgeting. In addition, PowerPlan's full complement of implementation and support services ensure that our client installations are performed on time, and at or under the expected costs.
These services include:
Integrated PowerPlant Suite of products
Business process consulting and workflow analysis
Data conversion and data cleansing
Integration design and development
Product training
Maintenance and support
There are several reasons for companies to take advantage of PowerPlan's expertise and the PowerPlant software:
PowerPlant Generates Benefits / It's Not Just An IT Upgrade
Clients of PowerPlan have received the full payback on their investment in fewer than two years. Hard savings have come from:
Accelerated tax deductions (for example, from aggressive classification of assets, repair allowance, earlier mortalities, proper and quick reporting of in-service, retirement, and removal costs).
Reductions in IT maintenance and support. Keeping up with accelerated changes in the accounting industry can be slow and expensive. Worse yet, after it's done, the modifications are often hard-coded and inflexible.
Efficiencies and personnel savings in asset accounting and related areas. With past staff reductions combined with the historic loss of senior experts, many times these efficiencies are required for effective processing as well as cost savings.
Reductions in redundant workflow processes. Often the asset bases for field personnel, property taxes, book depreciation, depreciation studies, and tax depreciation are separate workflow processes within a utility. The same add or retire is "touched" by multiple individuals, processes and departments for separate purposes. PowerPlant reduces this to a single workflow with separate ledgers receiving activity from a central asset activity record. Not only is the resulting process more efficient, the separate ledgers are structurally in-sync (e.g. balanced without manual processes) with the asset ledger and hence the G/L.
Your company gets a complete installation of an easy to use, integrated asset recovery process; we'll find some tax dollar savings; and you'll be well supported now and into the future with no special charges or surprises.
PowerPlan Will Be There Today & In The Future
It is important to be realistic about the actual track record of implementation, the vendor's current support mechanisms, and the vendor's prospects to continue providing support 10 years into the future. Our clients represent all combinations of asset intensive companies: multi-company, multi-state, multi-product, regulated, non-regulated, large and small as well as other nontraditional services and products.
All of our clients are currently under long term maintenance agreements. PowerPlan has a policy of providing expert support through senior people; when you call, they know your data, your asset accounting, your interfaces, and your industry issues. In addition, PowerPlan has a policy of never stopping support for an old version or charging for upgrades. Our technical team insures constant upgrades for technical development. For example, our Web features may help with your far-flung operations.
PowerPlan enjoys a stable and growing business. Maintenance revenues provide for man-years of technical and functional improvements each year. PowerPlant is expertly maintained by the original authors and is critiqued by accounting and tax experts. PowerPlan's accounting practices are conservative, recognizing license revenue as earned over or beyond the engagement (and always after acceptance), not when the contract is initiated. All software development and organizational costs have been expensed, not capitalized. There is no debt and the principal employees hold all equity.
About Us 
