Lucanet vs. PowerPlan

Significant effort required for planning forms. There is no comprehensive, modern web version. Significant effort required for planning forms. Short-term planning, such as daily or weekly tasks, is difficult to map out in the Planner. Automation of Financial Closings, Valid real-time data consolidation, simplifies the income statement, balance sheet, and cash flow statement.

[PowerPlan is well suited for] Any Utility who handles their own Fixed Asset Accounting and Reporting. There are very few specialized solutions in this space that can handle this out of the box. Core functionality and support with PowerPlan are excellent. If you have a firm or service that handles a portion or the majority of your Fixed Asset Accounting and Reporting than this solution is overkill and costly for what you need. There may be other options also if you have a robust internal technology team that is comfortable developing another major fixed asset solution into what you need. Cloud Hosting is also not available at this time and will likely be several releases out and be a major redesign (unstable) at first.

Incentivized

• Very intuitive interface to slice and dice the data to have a monthly, quarterly, or yearly view
• Easy to add additional journal entries
• Present legal consolidation structure in an intuitive way

Incentivized

• Allow the use of retirement units for unitization out of the box.
• Align with Ferc Account and Reporting Standards
• Provide Dashboards that can be configured for different users or groups
• Functions well in a Project Centric Accounting Environment.

Incentivized

• Expensive Solution.
• Drawbacks of complex planning.
• Short-term planning on a daily or weekly basis is difficult to map out in the Planner.

• The backend technology is dated and requires specialized skills or PowerPlan assistance to develop on.
• UI is also outdated and not as visually appealing as users are now accustomed to.
• Reporting is basic in functionality and appearance.

Incentivized

Automated data validation and mapping reduce manual effort and minimize sources of error, offering seamless integration with existing ERP systems and Excel, Improving Efficiency with the Help of AI.

Incentivized

Oracle Financials (E-Business Suite) is a very Robust ERP solution that has better integration, reporting and functionality than PowerPlan. It also operates on a more Robust Technology Stack. The Fixed Assets Module is a great solution but lacks support for Utility Specific features and functionality, so much so that we chose PowerPlan to take over this specific functionality while still utilizing Oracle for the Majority of our Project and other Accounting Functions.

Incentivized

• Provides single source of truth regarding financial data
• Affordable solution

Incentivized

• Better Fixed Asset Reporting to Provide to Rate Commissions.
• Allowed us to embark on a major Unitization initiative and re-design of our retirement catalog.
• Focus the Support team on other technologies due to the stable nature and good vendor support.

Incentivized