Lucasys Tax Provision is web software that automates income tax provision work for enterprise finance and tax teams. It supports ASC 740 and ASC 980, including rate-regulated reporting, and calculates deferred tax assets and liabilities across entities, schedules, and jurisdictions. Teams can analyze rolling cases, unitary calculations, and what-if scenarios across multiple periods and jurisdictions. Live variance analysis and continuous data validation support review. The product page describes a secure cloud architecture and native integrations with SAP and Oracle. Lucasys also describes an embedded interactive AI agent for tax expertise, product guidance, and data analysis. The company says it holds SOC 1 and SOC 2 Type II certifications and uses access controls, encryption, audit trails, and monitoring; it advertises 99.99% uptime. Its implementation framework includes data conversion, built-in validations, and point-and-click integrations, with Lucasys saying customers can become operational in weeks. The product is positioned for large enterprises, especially utilities, energy companies, and other asset-intensive industries. Pricing is on request, and the page invites visitors to schedule a demo.
Who it is for
Tax Provision suits enterprise finance and tax teams that need ASC 740 or ASC 980 workflows. Its rate-regulated reporting support is particularly relevant to utilities and energy companies.
What is good
- Supports ASC 740 and ASC 980, including rate-regulated reporting.
- Calculates deferred taxes across entities and jurisdictions.
- Includes live variance analysis and continuous data validation.
- Native integrations are identified for SAP and Oracle.
- Lucasys advertises 99.99% uptime.
What to know first
- Pricing is available only on request.
- No trial offer is stated.
- Positioned for large enterprises, especially asset-intensive industries.
Verdict
Lucasys Tax Provision combines tax calculations, multi-period analysis, validation, and ERP integrations for enterprise teams. Buyers will need to request pricing and assess the product through a scheduled demo.
Compared on tax provision software
- Accounting standards
- asc 740
- Provision scope
- current and deferred
- Tax forecasting
- Yes
