Lucasys Tax Provision
- 1Runs onWeb
- 2Accounting standardsasc 740
- 3Provision scopecurrent and deferred
- 4Tax forecastingYes
Overview
Lucasys Tax Provision automates income tax provision work for enterprise finance and tax teams. It supports ASC 740 and ASC 980, including requirements for rate-regulated reporting, and calculates current and deferred tax assets and liabilities across entities, schedules, and jurisdictions. Teams can model multiple periods and jurisdictions for rolling cases, unitary calculations, and what-if scenarios. Live variance analysis and continuous data validation support review and audit readiness. The web platform uses a secure cloud architecture and lists native SAP and Oracle integrations. Lucasys describes an embedded AI agent for tax expertise, product guidance, and data analysis. It states that the platform has SOC 1 and SOC 2 Type II certifications, alongside access controls, encryption, audit trails, monitoring, and 99.99% uptime. The implementation framework includes data conversion, validations, and point-and-click integrations; Lucasys says customers can become operational in weeks. Pricing is available on request, and the product page invites visitors to schedule a demo.
Who it is for
It is aimed at large enterprise finance and tax teams, particularly at utilities, energy companies, and other asset-intensive businesses. Its rate-regulated reporting support may suit organizations with those requirements.
What is good
- Supports ASC 740 and ASC 980.
- Calculates current and deferred tax across jurisdictions.
- Includes live variance analysis and data validation.
- Native integrations with SAP and Oracle.
- Advertises 99.99% uptime.
What to know first
- Pricing is available only on request.
- The listed platform is web.
- The product page offers a demo, not a stated trial.
Verdict
Lucasys Tax Provision combines tax provision calculations, scenario analysis, validation, and reporting for enterprise use. Buyers should request pricing and confirm fit for their own tax workflows.
Compared on tax provision software
- Accounting standards
- asc 740lucasys.com
- Provision scope
- current and deferredlucasys.com
- Tax forecasting
- Yeslucasys.com
Facts
- Purpose
- Lucasys Tax Provision automates income tax provision workflows for enterprise finance and tax teams.lucasys.com · 2 Oct 2026
- Tax standards
- The software supports ASC 740 and ASC 980 compliance, including requirements for rate-regulated reporting.lucasys.com · 2 Oct 2026
- Deferred tax
- It calculates deferred tax assets and liabilities across entities, schedules, and jurisdictions.lucasys.com · 2 Oct 2026
- Validation and reporting
- The product offers live variance analysis and continuous data validation.lucasys.com · 2 Oct 2026
- Scenarios
- Lucasys describes multi-period, multi-jurisdiction analysis for rolling cases, unitary calculations, and what-if scenarios.lucasys.com · 2 Oct 2026
- Integrations
- The product page identifies native integrations with SAP and Oracle.lucasys.com · 2 Oct 2026
- Security
- Lucasys says it holds SOC 1 and SOC 2 Type II certifications and uses access controls, encryption, audit trails, and monitoring.lucasys.com · 2 Oct 2026
- Availability
- Lucasys advertises 99.99% uptime for its platform.lucasys.com · 2 Oct 2026
- Implementation
- Lucasys says its implementation framework can get customers operational in weeks and includes data conversion, built-in validations, and point-and-click integrations.lucasys.com · 2 Oct 2026
- Support
- Lucasys says customers can reach its implementation team and receive support from people familiar with tax and utility operations.lucasys.com · 2 Oct 2026
- Intended customers
- Lucasys positions Tax Provision for large enterprises, especially utilities, energy companies, and other asset-intensive industries.lucasys.com · 2 Oct 2026
- Commercial details
- The product page invites visitors to schedule a demo and does not state a price or trial offer.lucasys.com · 2 Oct 2026
- Company location
- Lucasys Inc lists its address as 1595 Peachtree Parkway, Suite 204-190, Cumming, Georgia 30041.lucasys.com · 2 Oct 2026
- Deferred taxes
- It calculates deferred tax assets and liabilities across entities, schedules, and jurisdictions.lucasys.com · 3 Oct 2026
- Data validation
- Features include live variance analysis and continuous data validation for audit readiness.lucasys.com · 3 Oct 2026
- Multi-period analysis
- The product page describes multi-period and multi-jurisdiction analysis for rolling cases, unitary calculations, and what-if scenarios.lucasys.com · 3 Oct 2026
- ERP integrations
- Lucasys describes native integrations with SAP and Oracle.lucasys.com · 3 Oct 2026
- Uptime
- Lucasys states that it provides 99.99% uptime.lucasys.com · 3 Oct 2026
- Cloud deployment
- The Tax Provision page describes a secure cloud architecture.lucasys.com · 3 Oct 2026
- AI features
- Lucasys AI is described as an embedded interactive agentic AI with tax expertise, software support guidance, and data analysis capabilities.lucasys.com · 3 Oct 2026
- Intended users
- Lucasys describes Tax Provision as built for enterprise finance and tax teams, with particular regulatory support relevant to utilities and energy companies.lucasys.com · 3 Oct 2026
- Pricing availability
- The product page offers a personalized demo and does not state a Tax Provision price.lucasys.com · 3 Oct 2026
Company
- Headquarters
- Cumming, Georgia, United Stateslucasys.com · 28 Sept 2026
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Sources
- lucasys.com/tax-provision· checked 2 Oct 2026
- lucasys.com/security-and-compliance· checked 2 Oct 2026
- lucasys.com/implementation· checked 2 Oct 2026
- lucasys.com· checked 2 Oct 2026
- lucasys.com/support· checked 2 Oct 2026