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Lucasys Tax Provision
Cumming, Georgia, United States
What it is
Lucasys Tax Provision is web-based software for automating income tax provision workflows for enterprise finance and tax teams. It supports ASC 740 and ASC 980 compliance, including rate-regulated reporting, and calculates current and deferred tax assets and liabilities across entities, schedules, and jurisdictions. Teams can analyze 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 product page describes a secure cloud architecture and native integrations with SAP and Oracle. Lucasys also describes an embedded AI agent for tax expertise, software guidance, and data analysis. Its stated security measures include SOC 1 and SOC 2 Type II certifications, access controls, encryption, audit trails, and monitoring; Lucasys advertises 99.99% uptime. The implementation framework includes data conversion, built-in validations, and point-and-click integrations, and the company says customers can become operational in weeks. The product is positioned for large enterprises, particularly utilities, energy companies, and other asset-intensive industries. Pricing is available on request, and the product page offers a personalized demo rather than stating a price.
For and against
For
- Supports ASC 740 and ASC 980.
- Calculates current and deferred tax amounts.
- Includes native SAP and Oracle integrations.
- Offers live variance analysis and continuous validation.
- Advertises 99.99% uptime.
Against
- Pricing is available only on request.
- A personalized demo is offered rather than a stated trial.
The verdict
Lucasys Tax Provision brings provision calculations, scenario analysis, and validation into a web-based product for enterprise tax teams. Pricing is not published, so interested organizations must request details.
Who it suits
Lucasys Tax Provision is aimed at enterprise finance and tax teams, especially in utilities, energy, and other asset-intensive industries. Its ASC 980 and rate-regulated reporting support may suit organizations with those requirements.
On the record
- AI features
- Lucasys AI is described as an embedded interactive agentic AI with tax expertise, software support guidance, and data analysis capabilities.lucasys.com · read 3 Oct 2026
- Availability
- Lucasys advertises 99.99% uptime for its platform.lucasys.com · read 2 Oct 2026
- Cloud deployment
- The Tax Provision page describes a secure cloud architecture.lucasys.com · read 3 Oct 2026
- Commercial details
- The product page invites visitors to schedule a demo and does not state a price or trial offer.lucasys.com · read 2 Oct 2026
- Company location
- Lucasys Inc lists its address as 1595 Peachtree Parkway, Suite 204-190, Cumming, Georgia 30041.lucasys.com · read 2 Oct 2026
- Data validation
- Features include live variance analysis and continuous data validation for audit readiness.lucasys.com · read 3 Oct 2026
- Deferred tax
- It calculates deferred tax assets and liabilities across entities, schedules, and jurisdictions.lucasys.com · read 2 Oct 2026
- Deferred taxes
- It calculates deferred tax assets and liabilities across entities, schedules, and jurisdictions.lucasys.com · read 3 Oct 2026
- ERP integrations
- Lucasys describes native integrations with SAP and Oracle.lucasys.com · read 3 Oct 2026
- Implementation
- Lucasys says its implementation process aims to get customers operational in weeks with almost no IT dependency.lucasys.com · read 3 Oct 2026
- Integrations
- The product page identifies native integrations with SAP and Oracle.lucasys.com · read 2 Oct 2026
- Intended customers
- Lucasys positions Tax Provision for large enterprises, especially utilities, energy companies, and other asset-intensive industries.lucasys.com · read 2 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 · read 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 · read 3 Oct 2026
- Pricing availability
- The product page offers a personalized demo and does not state a Tax Provision price.lucasys.com · read 3 Oct 2026
- Purpose
- Lucasys Tax Provision automates income tax provision workflows for enterprise finance and tax teams.lucasys.com · read 3 Oct 2026
- Scenarios
- Lucasys describes multi-period, multi-jurisdiction analysis for rolling cases, unitary calculations, and what-if scenarios.lucasys.com · read 2 Oct 2026
- Security
- Lucasys states that it holds SOC 1 and SOC 2 Type II certifications and uses access controls, encryption, monitoring, and audit trails.lucasys.com · read 3 Oct 2026
