Lucasys Tax Provision is web-based software for automating income tax provision workflows for enterprise finance and tax teams. It supports ASC 740 and ASC 980 compliance, including requirements for rate-regulated reporting, and calculates current and deferred tax assets and liabilities across entities, schedules, and jurisdictions. Teams can examine multiple periods and jurisdictions for rolling cases, unitary calculations, and what-if scenarios. Live variance analysis and continuous data validation support review and audit readiness. The product page describes a secure cloud architecture and native integrations with SAP and Oracle. Lucasys also describes an embedded AI agent for tax expertise, software guidance, and data analysis. Its stated security measures include SOC 1 and SOC 2 Type II certifications, access controls, encryption, audit trails, and monitoring; Lucasys advertises 99.99% uptime. The implementation framework includes data conversion, built-in validations, and point-and-click integrations, and the company says customers can become operational in weeks. The product is positioned particularly for utilities, energy companies, and other asset-intensive enterprises. Pricing is available on request, and the page invites visitors to schedule a demo.
Who it is for
Tax Provision is aimed at large enterprise finance and tax teams, particularly in utilities, energy, and other asset-intensive industries. Its rate-regulated reporting support may be relevant to organizations with those requirements.
What is good
- Supports ASC 740 and ASC 980
- Calculates current and deferred taxes
- Native SAP and Oracle integrations
- Live variance analysis and continuous validation
- Advertised 99.99% uptime
What to know first
- Pricing is available on request
- Product is positioned for large enterprises
- No trial offer is stated
Verdict
Lucasys Tax Provision addresses enterprise tax provision workflows with multi-jurisdiction calculations, validation, and ERP integrations. Organizations need to request pricing and schedule a demo for commercial details.
Get started with Lucasys Tax Provision
- Visit the Lucasys Tax Provision website.
- Schedule a personalized demo.
- Discuss pricing with Lucasys, which provides pricing on request.
- Work with the implementation framework for data conversion, validations, and integrations.
Questions about Lucasys Tax Provision
What does Lucasys Tax Provision cost?
Pricing is available on request. The product page invites visitors to schedule a personalized demo.
Is there a free plan or trial?
The product page does not state a free plan or a trial offer.
Which tax standards does it support?
It supports ASC 740 and ASC 980 compliance, including requirements for rate-regulated reporting.
Which systems does it integrate with?
Lucasys identifies native integrations with SAP and Oracle.
What platforms does it support?
The listed platform is web. The product page also describes a secure cloud architecture.
Who is the product designed for?
Lucasys positions it for enterprise finance and tax teams, especially large utilities, energy companies, and other asset-intensive industries.
Compared on tax provision software
- Accounting standards
- asc 740
- Provision scope
- current and deferred
- Tax forecasting
- Yes
