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ATLANTA - PowerPlan, Inc., a provider of financial software solutions for the energy sector, unveiled its latest offering, PowerPlan NXT, during the company’s 2025 ELEVATE user conference held this week in Atlanta. The new software-as-a-service (SaaS) platform is designed to assist tax and accounting professionals in optimizing financial assets across their lifecycle, catering specifically to asset-intensive organizations. The company operates as part of InvestingPro rated Roper Technologies, a prominent player in the software industry with a market capitalization of $61.7 billion.
The NXT platform aims to integrate operational and financial data to enable specialized accounting treatments, address complex tax requirements, and assist in rate-making processes. Todd Bransford, Chief Product Officer at PowerPlan, highlighted that NXT is built to empower organizations to confidently navigate financial challenges, leveraging artificial intelligence (AI) to enhance user experience and efficiency.
In a keynote address, Bransford outlined the benefits of NXT, which include AI-driven features to detect and minimize data quality errors, potentially improving financial outcomes. PowerPlan’s focus on SaaS solutions is evident as the company supports the migration of enterprise products to the cloud. The current Tax Fixed Assets (TFA) offering, a leading solution for tax depreciation and deferred tax processes used by numerous utility companies, represents the first step for customers moving to the cloud.
Looking ahead, PowerPlan plans to introduce a new tax provision solution in late 2025 to aid businesses in regulated industries with monthly provision accruals. PowerPlan NXT is slated for a 2026 release and will be adoptable in modules, enabling customers to implement essential financial tools at their own pace within their cloud adoption journey.
PowerPlan has been providing financial decision support to the utility and energy sectors for over three decades and operates as an independent subsidiary of Roper Technologies (NASDAQ:ROP), a member of the Nasdaq 100, S&P 500, and Fortune 1000 indices. The announcement of PowerPlan NXT underscores the company’s commitment to innovation and customer-centric solutions in the financial software market. This article is based on a press release statement.
In other recent news, Roper Technologies has announced a definitive agreement to acquire CentralReach for approximately $1.65 billion, including a $200 million tax benefit. This acquisition aligns with Roper’s strategy of investing in leading businesses with defensible niche markets. CentralReach is projected to contribute around $175 million in revenue and $75 million in EBITDA by mid-2026. Additionally, Roper Technologies declared a dividend of $0.825 per share, scheduled for distribution in April 2025. In another development, TD Cowen has maintained its Buy rating on Roper Industries, setting a price target of $650 and noting the company’s resilience amidst economic uncertainties. Roper is also reportedly considering the sale of its Neptune Technology Group division, which could be valued at up to $4 billion. This sale, if pursued, may involve private equity firms as potential buyers. Meanwhile, Procare Solutions, a part of Roper Technologies, has launched a new accredited training program for child care professionals, enhancing its commitment to early childhood education.
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