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SPECIFICTION
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Lucasys Tax Provision

lucasys.com

Web
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Spec score 7.3 #9 of 16 in Tax Provision Software

What it is

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.

Spec sheet

Purpose
Lucasys Tax Provision automates income tax provision workflows for enterprise finance and tax teams.Read 3 Oct 2026 · lucasys.com
Intended users
Lucasys describes Tax Provision as built for enterprise finance and tax teams, with particular regulatory support relevant to utilities and energy companies.Read 3 Oct 2026 · lucasys.com
Integrations
The product page identifies native integrations with SAP and Oracle.Read 2 Oct 2026 · lucasys.com
Security
Lucasys states that it holds SOC 1 and SOC 2 Type II certifications and uses access controls, encryption, monitoring, and audit trails.Read 3 Oct 2026 · lucasys.com
Support
Lucasys lists support by email at [email protected] and describes direct support from experts familiar with tax and utilities.Read 3 Oct 2026 · lucasys.com
Headquarters
Cumming, Georgia, United StatesRead 28 Sep 2026 · lucasys.com
AI features
Lucasys AI is described as an embedded interactive agentic AI with tax expertise, software support guidance, and data analysis capabilities.Read 3 Oct 2026 · lucasys.com
Availability
Lucasys advertises 99.99% uptime for its platform.Read 2 Oct 2026 · lucasys.com
Cloud deployment
The Tax Provision page describes a secure cloud architecture.Read 3 Oct 2026 · lucasys.com
Commercial details
The product page invites visitors to schedule a demo and does not state a price or trial offer.Read 2 Oct 2026 · lucasys.com
Company location
Lucasys Inc lists its address as 1595 Peachtree Parkway, Suite 204-190, Cumming, Georgia 30041.Read 2 Oct 2026 · lucasys.com
Data validation
Features include live variance analysis and continuous data validation for audit readiness.Read 3 Oct 2026 · lucasys.com
Deferred tax
It calculates deferred tax assets and liabilities across entities, schedules, and jurisdictions.Read 2 Oct 2026 · lucasys.com
Deferred taxes
It calculates deferred tax assets and liabilities across entities, schedules, and jurisdictions.Read 3 Oct 2026 · lucasys.com
ERP integrations
Lucasys describes native integrations with SAP and Oracle.Read 3 Oct 2026 · lucasys.com
Implementation
Lucasys says its implementation process aims to get customers operational in weeks with almost no IT dependency.Read 3 Oct 2026 · lucasys.com
Intended customers
Lucasys positions Tax Provision for large enterprises, especially utilities, energy companies, and other asset-intensive industries.Read 2 Oct 2026 · lucasys.com
Multi-period analysis
The product page describes multi-period and multi-jurisdiction analysis for rolling cases, unitary calculations, and what-if scenarios.Read 3 Oct 2026 · lucasys.com
Pricing availability
The product page offers a personalized demo and does not state a Tax Provision price.Read 3 Oct 2026 · lucasys.com
Scenarios
Lucasys describes multi-period, multi-jurisdiction analysis for rolling cases, unitary calculations, and what-if scenarios.Read 2 Oct 2026 · lucasys.com
Tax standards
The software supports ASC 740 and ASC 980 compliance, including rate-regulated reporting.Read 3 Oct 2026 · lucasys.com
Uptime
Lucasys states that it provides 99.99% uptime.Read 3 Oct 2026 · lucasys.com
Validation and reporting
The product offers live variance analysis and continuous data validation.Read 2 Oct 2026 · lucasys.com

Strong points and limits

Strong points

  • 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.

Limits

  • Pricing is available only on request.
  • The listed platform is web.
  • The product page offers a demo, not a stated trial.

Who it suits

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.

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.

Where Specifiction places it

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