PowerPlan vs. Spoom

[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.

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It is well suited when you have several sources of data.

• 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.

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• Easy to use
• Focus on analyzing and not on finding and loading data
• "One version of the truth"

• 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• UI is also outdated and not as visually appealing as users are now accustomed to.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.

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• I would like to have more modules. Eg. : supply chain tool.

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.

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Cognos is very expensive and needs heavy IT-team to implement it.

• 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

Independently Invited by TrustRadius

A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info