Lucasys Signs 21st Customer As Utilities Adopt New Tax Software
Lucasys Inc., a provider of cloud-based tax software for North American utilities, has announced securing its 21st customer, adding to its growth in the sector.
ATLANTA, Feb. 4, 2025 – Lucasys Inc., a provider of cloud-based tax software for North American utilities and energy companies, has announced reaching a milestone of 21 customers. The 21 electric, gas, and water utilities now using Lucasys to manage their fixed asset tax processes represent over $600 billion in fixed assets.
The company reports a growing trend within the utility industry, with more companies transitioning away from legacy tax software to Lucasys Tax. The software is designed to streamline the evolving demands of utility professionals, and Lucasys states implementation projects have been completed in as little as four weeks.
Lucasys attributes its market momentum to robust enterprise-grade software solutions, industry-leading support with deep expertise, and a recently settled legal dispute with PowerPlan. Lucasys had filed an antitrust lawsuit against PowerPlan, a subsidiary of Roper Technologies.
The company highlights its software's intuitive design and automation capabilities, leveraging modern technological innovations in data structures and processing. Lucasys aims to continue accelerating market share and delivering value to its customers.