PowerPlan Consultants
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| PowerPlan Consultants, Inc. | |
| Type | Private |
|---|---|
| Founded | Atlanta, Ga, 1994 |
| Headquarters | Atlanta, Ga, USA |
| Key people | Mark Heinemann, President |
| Products | Financial Software and Consulting Services |
| Website | www.PowerPlan.com |
[edit] Company Background
PowerPlan Consultants, Inc. is a financial software company founded in April 1994 which seeks to provide an integrated project, asset, depreciation, and tax management system for asset-intensive industries and companies known as Integrated PowerPlant Suite.
PowerPlan's services include data warehouse, project accounting, closing, unitization, asset accounting, book depreciation, depreciation studies, leased asset accounting, tax depreciation, deferred tax, monthly tax provision, and property tax software for asset intensive industries. Recent additions include operating and capital budgeting. In addition, PowerPlan provides implementation and support services. PowerPlan's list of current clients includes over 70 publicly held utilities.
Potential savings can come from:
- Accelerated tax deductions (for example, from aggressive classification of assets, repair allowance, earlier mortalities, proper and quick reporting of in-service, retirement, and removal costs).
- Reductions in IT maintenance and support. Keeping up with accelerated changes in the accounting industry can be slow and expensive. Moreover, once finished, the modifications are often hard-coded and inflexible.
- Efficiencies and personnel savings in asset accounting and related areas. With past staff reductions combined with the historic loss of senior experts, many times these efficiencies are required for effective processing as well as cost savings.
- Reductions in redundant workflow processes. Often the asset bases for field personnel, property taxes, book depreciation, depreciation studies, and tax depreciation are separate workflow processes within a utility. The same add or retire is "touched" by multiple individuals, processes and departments for separate purposes. PowerPlant reduces this to a single workflow with separate ledgers receiving activity from a central asset activity record.
[edit] References
- PowerPlan Consultants, Inc.
- Lawskills: Electronic Data Systems Corporation v. Heineman et al. Litigation between PowerPlan staff and their former employer.
