StockNews.AI
SAP
StockNews.AI
21 days

Lucasys Income Tax Suite Launches on SAP® Store

1. Lucasys suite of tax applications launched on SAP Store. 2. Integration with SAP S/4HANA enhances customer usability for tax management. 3. Applications aim to simplify tax processes and improve regulatory compliance. 4. Targeted at utilities and asset-intensive businesses for operational excellence. 5. Modular design allows scalable and adaptable technological solutions.

5 mins saved
Full Article

FAQ

Why Bullish?

The partnership may expand SAP's ecosystem and customer base, enhancing revenue potential. Historical partnerships have significantly increased market value for similar tech integrations.

How important is it?

The release significantly enhances SAP's tax capabilities, aligning with strategic growth in asset management and compliance industries.

Why Long Term?

Long-term impact expected as ongoing tax compliance needs increase with regulatory changes. Similar past integrations have led to sustained revenue boosts over several quarters.

Related Companies

SAPADBEMSFT
ATLANTA, June 10, 2025 (GLOBE NEWSWIRE) -- Lucasys, a leading cloud software and service provider for rate-regulated utilities, today announced that its suite of tax applications – including Lucasys Tax Depreciation, Deferred Tax, TBBS, and Copilot – is now available on the SAP® Store, the digital marketplace for SAP and partner offerings. This milestone follows Lucasys’ recent partnership within the SAP® PartnerEdge® Open Ecosystem. By integrating with SAP S/4HANA® and other SAP solutions, these applications provide a seamless experience for customers managing complex tax and regulatory requirements. “Bringing Lucasys Tax applications to the SAP Store underscores our commitment to fostering innovation and flexibility for utilities and asset-intensive businesses,” said Daniel Chang, Chief Operating Officer at Lucasys. “With this integration, customers can enhance their SAP environments with modern, purpose-built tax solutions that simplify processes, improve compliance, and unlock actionable insights.” Lucasys’ tax applications are designed to streamline and automate critical tax processes, including tax depreciation and deferred tax management, while delivering unparalleled usability and security. The modular architecture and deep regulatory support of these solutions ensure that customers can adapt to changing industry demands and achieve long-term operational excellence. Key Features of the Lucasys Income Tax Suite: Integrated Tax Applications: Single integrated experience across tax applications used for tax accounting, tax compliance, and tax forecasting.Enhanced Usability: Simplified workflows reduce the data maintenance burden for end users and facilitate onboarding and training.Flexible Reporting: Robust, user-driven reporting allows for greater visibility and data confidence.Data-Driven Insights: Provides actionable analytics to facilitate strategic tax planning.Scalable Solutions: Tailored for large enterprises and asset-intensive organizations. To learn more about Lucasys’ solutions and their availability in the SAP Store, visit https://www.lucasys.com and SAP® Store. About Lucasys Lucasys provides 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 rate-regulated utilities, Lucasys provides the industry and domain expertise utilities require to meet their business objectives. To learn more about Lucasys, visit https://www.lucasys.com. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ad9673eb-ffdc-4ec9-b82d-4f49cbefffc6 Lucasys suite of tax applications now available on the SAP store Lucasys suite of tax applications is now available on the SAP® Store, the digital marketplace for SA...

Related News