What is PowerPlan?

PowerPlan's Lease Accounting Solution Suite empowers organizations to develop their optimal approach for adhering to ASC 842 and IFRS 16 lease accounting standards. This all-encompassing solution supports a range of accounting frameworks, including GAAP, IFRS, and FERC. Users can leverage scenario analysis within the software to evaluate various adoption strategies and refine their methodologies for implementing the new lease accounting regulations. It adeptly manages a diverse set of capital and operating leases, spanning equipment, real estate, and power purchase agreements. The suite effectively reduces audit risks by automating previously manual tasks, thus improving the precision of billing, reporting, and documentation. Moreover, features such as integrated invoice generation enhance collaboration with billing departments, resulting in better traceability and recognition of receivables. It also automates lease calculations across a wide range of complexities, addressing simple to more complex scenarios that involve variable rates and changing lease terms. Ultimately, this comprehensive solution not only streamlines compliance but also significantly boosts operational efficiency for companies facing the intricacies of lease accounting, allowing them to focus on their core business activities. By providing these essential tools, PowerPlan enables organizations to navigate the evolving landscape of lease management with greater ease and confidence.

Screenshots and Video

PowerPlan Screenshot 1

Company Facts

Company Name:
PowerPlan
Date Founded:
1994
Company Location:
United States
Company Website:
powerplan.com

Product Details

Deployment
SaaS
Training Options
Documentation Hub
Online Training
Webinars
Support
Standard Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

PowerPlan Categories and Features

Lease Accounting Software

Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management

Fixed Asset Management Software

Asset Budgeting
Asset Lifecycle Management
Audit Trail
Barcoding / RFID
Depreciation Management
Disposal Management
Document Management
Inventory Tracking
Tax Management

Decision Support Software

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control