Lucasys Tax Repairs Now Available on SAP® Store

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Postmedia has not reviewed the content. by GlobeNewswire Lucasys Tax Repairs Now Available on SAP® StoreAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Lucasys Tax Repairs classifies every dollar of utility and energy plant spend against the safe harbor methods your industry actually uses. GNWNew application automates repair versus capitalize decisions across high-volume plant spend, expanding the Lucasys Income Tax Suite on SAP® StoreTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountATLANTA, Aug. 05, 2026 (GLOBE NEWSWIRE) — Lucasys, a cloud software provider for rate-regulated utilities and asset-intensive businesses, today announced that Lucasys Tax Repairs is now available on the SAP® Store. The application expands the Lucasys Income Tax Suite already on SAP Store, which includes Tax Depreciation, Deferred Tax, Tax Provision, TBBS, and Copilot, and integrates with SAP S/4HANA® Cloud and SAP ERP to help customers manage complex tax and regulatory requirements.Lucasys Tax Repairs evaluates work orders, projects, and asset additions against the industry safe harbor methods that utilities and energy companies actually use, then classifies every dollar as a deductible repair or a capital improvement. Because it integrates with SAP S/4HANA Cloud and SAP ERP, plant, work order, and asset data stay aligned with tax, so classifications remain consistent, reviewable, and traceable from the original transaction to the final tax position.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againFor asset-intensive taxpayers, the repair versus capitalize determination is one of the highest value and most heavily scrutinized positions on the return, and it has long been managed in disconnected data pulls and layered spreadsheets. Lucasys Tax Repairs replaces that manual effort with automated intake and consistent classification logic, so tax teams spend less time assembling data and more time reviewing exceptions. The result is shorter review cycles at every close and filing, and documentation that holds up when regulators and auditors ask how a number was reached.“Repairs is where asset-intensive taxpayers put real money on the line every year, and it is where they face the hardest questions from the IRS and their regulators,” said Vadim Lantukh, CEO of Lucasys. “With Tax Repairs on the SAP Store, our customers can automate that determination from the source transaction all the way to the filed position, grounded in the safe harbor methods their own industry uses, and defend every classification with a complete audit trail. It is another purpose-built application that lets them do more inside the SAP environment they already run.”Lucasys Tax Repairs gives tax teams:Automated classification at scale that totals every work order as expense, capital, or undetermined and breaks the result out by line of business, from gas and electric transmission and distribution to generation.A configurable decision tree for each line of business, with every line running its own sequence of tests (replacement, automatic capital, minimum cost safe harbor, betterment, and non-linear) and the individual rules behind each conclusion always visible.Work order level support that shows the test that decided each work order, the reason, the threshold applied, and the amounts compared, with saved views, exception flags, and documented override reasons wherever judgment applies.An examination-ready audit trail that traces any tax position back through the rules applied, the reviewer decisions recorded, and the source transaction, producing reproducible documentation that supports regulatory filings and stands up to IRS and commission examination.Tax impact visibility before filing, showing repair versus capitalize outcomes by company, line of business, asset class, and cost category to support forecasting, rate case support, and proactive planning.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Built by tax professionals for regulated utilities and energy companies, Lucasys applications are cloud-native and offered with transparent, unbundled pricing, giving customers a modern alternative to aging, bundled, on-premise systems. As a partner in the SAP® PartnerEdge® Open Ecosystem, Lucasys builds applications that integrate with SAP solutions. Lucasys Tax Repairs is listed under Extensions and Add-ons on SAP Store and is compatible with SAP S/4HANA Cloud Private Edition, SAP ERP, and PostgreSQL on SAP BTP, serving customers across oil, gas, and energy, utilities, telecommunications, and other asset-intensive industries.Lucasys delivers software and technology-enabled services to empower finance, accounting, and tax professionals in asset-intensive industries to optimize the financial performance of their fixed assets and proactively meet changing regulatory and compliance requirements. With a core focus on energy and utilities, Lucasys provides the industry and domain expertise utilities require to meet their business objectives. Learn more at lucasys.com.Photos accompanying this announcement are available atMedia Contact Tommy Ferguson, Manager Lucasys 1-844-582-2797 contact@lucasys.comNotice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.