SOURCE: PowerPlan Inc.

PowerPlan Inc.

May 21, 2015 15:28 ET

PowerPlan's Spring Release Provides Additional Corporate Transparency and Helps Mitigate Financial Risk

New Solutions in Version 2015.1 Include Month End Automation and Project Cost Management Analytics

ATLANTA, GA--(Marketwired - May 21, 2015) - PowerPlan, the leading provider of accounting, tax and capital budgeting optimization solutions for capital asset-intensive businesses, announces its spring release, version 2015.1, with new functionality and enhancements that provide additional corporate transparency and governance while helping mitigate financial risk.

With this release, PowerPlan introduces two new solutions, Month End Automation and Project Cost Management Analytics, which are designed to optimize reporting performance and improve operational efficiency.

"We understand how important it is for our customers to close financials quickly and accurately," says Chris Mardis, Director, Product Management. "Our new enhancements streamline critical processes, allowing employees the time needed to effectively analyze data, identify any variances and provide strategic recommendations."

Month-end close is one of the critical processes for companies of all sizes. PowerPlan's new Month End Automation feature eliminates many manual tasks involved with closing the books, allowing the key resources to focus on strategic analysis and recommendations when finalizing the close process.

Another key area where customers can benefit from a more streamlined process is managing project costs. Project Cost Management Analytics, a web-based dashboard, allows anyone in an organization, from the project manager to the CEO and the Board of Directors, to quickly access budgets, forecasts and actuals across the full portfolio of capital projects. With this insight, users can identify opportunities to optimize project spend across the full portfolio and reduce the chance of reporting errors.

"With optimized transparency, our customers have the information they need to quickly make spending adjustments, ensuring alignment with financial projections," says Mardis. "These benefits, combined with many other enhancements, will help our customers maximize their PowerPlan solution."

Existing customers can access the latest upgrade by contacting their PowerPlan representative.

About PowerPlan

PowerPlan is an enterprise software company devoted to helping asset-centric businesses in the utilities, oil and gas, transportation, telecommunications, and mining industries optimize their financial performance. PowerPlan combines purpose-built software for asset centric accounting, tax and budgeting/analytics with domain expertise to help executives generate cash, mitigate compliance risk and enable a culture of cost management. The world's most demanding asset-intensive companies trust PowerPlan to manage more than $2.3 trillion in assets today. PowerPlan is a privately held company based in Atlanta, GA. For more information, call 678-223-2800; email info@pwrplan.com; or visit www.powerplan.com.

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