PowerPlan, Inc. builds fixed asset financial management software for asset-intensive companies, with a focus on utilities and energy firms in North America. The company's platform unites detailed financial and operational asset data from across an organisation - drawing on enterprise asset management (EAM) and ERP systems - to help customers optimise asset management, infrastructure investment and compliance with regulatory rules applied per asset. The founding premise was pragmatic: its founders built new software after identifying gaps that standard ERPs and EAMs left unfilled.
Technical work spans fixed asset financial management software, EAM and ERP data integration, regulatory compliance analytics and asset lifecycle financial optimisation. The PowerPlan software platform is described as the first to bring together detailed financial and operational asset data from across the entire organisation. A key measure of its reach: nine out of ten North American investor-owned utilities run on PowerPlan.
The company has been in business for 30 years and serves more than 200 customers across utilities, energy, infrastructure and other regulated industries. It reports a customer retention rate of 99%, which it attributes to solution quality and the relationships built with clients. The team numbers about 350 people, with a geographic presence spanning the continental United States, Canada, the United Kingdom and North America more broadly.
PowerPlan describes itself as mission-driven, working with utilities and energy companies as they navigate complex regulatory landscapes, and places emphasis on long-standing customer relationships alongside continued development of its software.
