Lucasys Tax Provision vs Tax Series
Lucasys Tax Provision
lucasys.comTax Series
taxtechnologies.comSide by side
| Figure | Lucasys Tax Provision | Tax Series |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| API | — | Yes |
| Plans published | 0 | 1 |
| Spec score · Tax Provision Software | 7.3 (#9) | 7.5 (#8) |
| Headquarters | Cumming, Georgia, United States | Haworth, New Jersey, United States |
| Integrations | The product page identifies native integrations with SAP and Oracle. | Tax Series Web Services can transfer data bi-directionally between Tax Series and client systems, validate data, and trigger calculations. |
| Intended users | Lucasys describes Tax Provision as built for enterprise finance and tax teams, with particular regulatory support relevant to utilities and energy companies. | The company says Tax Series is suited to medium and large multinational corporate clients with complex global structures. |
| Security | Lucasys states that it holds SOC 1 and SOC 2 Type II certifications and uses access controls, encryption, monitoring, and audit trails. | The company says it obtains annual SOC 1 and SOC 2 reports from a third party and has in-house security staff. |
| Support | Lucasys lists support by email at [email protected] and describes direct support from experts familiar with tax and utilities. | Each client is assigned a dedicated support representative reachable by phone or email, and the company describes its support as proactive. |
Plans
In their own words
Lucasys Tax Provision
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.
Tax Series
Tax Series is web-native corporate tax software for corporate income tax processes, with shared data used across tax work. Its modules cover worldwide provision reporting under ASC 740, corporate tax compliance, and BEPS reporting. Provision supports calculations under U.S. GAAP or IFRS. Compliance automates corporate tax calculations and population of forms including 5471, 8865, and 8858; BEPS supports Country-by-Country reporting and master and local files. Data Collector assigns packages to preparers, reviewers, and approvers and provides real-time project monitoring. Web Services supports two-way data transfer with client systems, data validation, and calculation triggers. A single database also supports planning, audit support, legal entity maintenance, tax calendar, and document management. The vendor describes the product as well suited to medium and large multinational corporate clients, and it supports U.S. corporate taxpayers and multinational corporations. Pricing is on request. Prospective clients can use it for a full tax cycle at no cost through a proof of concept, typically a 2–10 week process. After subscription termination, clients receive three months of read-only access to retrieve data.