Latest news with #Lucasys
Business Upturn
2 days ago
- Business
- Business Upturn
Lucasys Income Tax Suite Launches on SAP® Store
By GlobeNewswire Published on June 10, 2025, 22:29 IST ATLANTA, June 10, 2025 (GLOBE NEWSWIRE) — Lucasys, a leading cloud software and service provider for rate-regulated utilities, today announced that its suite of tax applications – including Lucasys Tax Depreciation, Deferred Tax, TBBS, and Copilot – is now available on the SAP® Store, the digital marketplace for SAP and partner offerings. This milestone follows Lucasys' recent partnership within the SAP® PartnerEdge® Open Ecosystem. By integrating with SAP S/4HANA® and other SAP solutions, these applications provide a seamless experience for customers managing complex tax and regulatory requirements. 'Bringing Lucasys Tax applications to the SAP Store underscores our commitment to fostering innovation and flexibility for utilities and asset-intensive businesses,' said Daniel Chang, Chief Operating Officer at Lucasys. 'With this integration, customers can enhance their SAP environments with modern, purpose-built tax solutions that simplify processes, improve compliance, and unlock actionable insights.' Lucasys' tax applications are designed to streamline and automate critical tax processes, including tax depreciation and deferred tax management, while delivering unparalleled usability and security. The modular architecture and deep regulatory support of these solutions ensure that customers can adapt to changing industry demands and achieve long-term operational excellence. Key Features of the Lucasys Income Tax Suite: Integrated Tax Applications: Single integrated experience across tax applications used for tax accounting, tax compliance, and tax forecasting. Enhanced Usability: Simplified workflows reduce the data maintenance burden for end users and facilitate onboarding and training. Flexible Reporting: Robust, user-driven reporting allows for greater visibility and data confidence. Data-Driven Insights: Provides actionable analytics to facilitate strategic tax planning. Scalable Solutions: Tailored for large enterprises and asset-intensive organizations. To learn more about Lucasys' solutions and their availability in the SAP Store, visit and SAP® Store. About Lucasys Lucasys provides 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. To learn more about Lucasys, visit A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
2 days ago
- Business
- Yahoo
Lucasys Income Tax Suite Launches on SAP® Store
Lucasys suite of tax applications now available on the SAP store ATLANTA, June 10, 2025 (GLOBE NEWSWIRE) -- Lucasys, a leading cloud software and service provider for rate-regulated utilities, today announced that its suite of tax applications – including Lucasys Tax Depreciation, Deferred Tax, TBBS, and Copilot – is now available on the SAP® Store, the digital marketplace for SAP and partner offerings. This milestone follows Lucasys' recent partnership within the SAP® PartnerEdge® Open Ecosystem. By integrating with SAP S/4HANA® and other SAP solutions, these applications provide a seamless experience for customers managing complex tax and regulatory requirements. 'Bringing Lucasys Tax applications to the SAP Store underscores our commitment to fostering innovation and flexibility for utilities and asset-intensive businesses,' said Daniel Chang, Chief Operating Officer at Lucasys. 'With this integration, customers can enhance their SAP environments with modern, purpose-built tax solutions that simplify processes, improve compliance, and unlock actionable insights.' Lucasys' tax applications are designed to streamline and automate critical tax processes, including tax depreciation and deferred tax management, while delivering unparalleled usability and security. The modular architecture and deep regulatory support of these solutions ensure that customers can adapt to changing industry demands and achieve long-term operational excellence. Key Features of the Lucasys Income Tax Suite: Integrated Tax Applications: Single integrated experience across tax applications used for tax accounting, tax compliance, and tax forecasting. Enhanced Usability: Simplified workflows reduce the data maintenance burden for end users and facilitate onboarding and training. Flexible Reporting: Robust, user-driven reporting allows for greater visibility and data confidence. Data-Driven Insights: Provides actionable analytics to facilitate strategic tax planning. Scalable Solutions: Tailored for large enterprises and asset-intensive organizations. To learn more about Lucasys' solutions and their availability in the SAP Store, visit and SAP® Store. About Lucasys Lucasys provides 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. To learn more about Lucasys, visit A photo accompanying this announcement is available at CONTACT: Contact: Tommy Ferguson, CMO, Lucasys 1-844-582-2797 contact@
Associated Press
06-05-2025
- Business
- Associated Press
Lucasys completes SOC 2 Type II certification renewal
ATLANTA, May 06, 2025 (GLOBE NEWSWIRE) -- Lucasys , the premier provider of cloud-based software and services for rate-regulated utilities, announces the successful renewal of its SOC 2 Type II certification. This milestone underscores Lucasys' unwavering commitment to data security, operational excellence, and delivering trusted financial solutions to North America's utility and energy sectors. Why SOC 2 Type II Matters In an era where data breaches and privacy concerns dominate headlines, SOC 2 Type II certification sets the gold standard for safeguarding sensitive information. Developed by the American Institute of Certified Public Accountants (AICPA), this rigorous framework evaluates a company's ability to protect customer data across five Trust Services Criteria: Security, Availability, Confidentiality, Processing Integrity, and Privacy. Unlike Type I, which captures a moment in time, Type II assesses the consistent, real-world performance of security controls over an extended period, offering customers unparalleled confidence in their provider's reliability. A Rigorous Validation Process Lucasys earned this renewal through a comprehensive audit conducted by an accredited third-party CPA firm. The process scrutinized: Robustness of internal systems, policies, and controls Consistent application of security measures over time Adherence to AICPA's stringent Trust Services Criteria The audit's successful outcome confirms that Lucasys not only designs cutting-edge security protocols but also implements them effectively, ensuring the confidentiality, integrity, and availability of customers' data in its cloud-based platform. A Pledge to Customers and Communities 'This renewal reflects our core mission: to empower utilities with innovative tools while protecting their most critical assets—data,' said Vadim Lantukh, CEO of Lucasys. 'Our customers trust us to manage complex financial and tax processes, and SOC 2 Type II certification assures them that their data is secure, accessible, and handled with the highest standards of care.' As Lucasys continues to expand its suite of solutions for finance, accounting, and tax professionals, this certification reinforces its role as a trusted partner for utilities navigating regulatory and operational challenges. Customers can rest assured that their data is protected by industry-leading controls, independently verified for reliability. Empowering Utilities, Securing Futures Lucasys specializes in delivering scalable, cloud-based software and services that optimize financial performance and compliance for asset-intensive industries. With deep expertise in rate-regulated utilities, Lucasys equips clients to streamline tax processes, enhance fixed-asset management, and meet evolving regulatory demands. To request a copy of the SOC 2 Type II report, contact your Lucasys representative. Discover how Lucasys is transforming financial operations for utilities at . Follow Lucasys on LinkedIn for the latest updates. About Lucasys Lucasys provides 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. To learn more about Lucasys, visit . Contact: Tommy Ferguson, CMO, Lucasys 1-844-582-2797 [email protected]
