In 2020, PTX worked with a regional power company to create an automated tool to complement PowerPlan that has saved the property tax team 30-40 hours of work. To better understand how the new tool helped their team, we interviewed the company’s senior tax specialist.
NEW TOOLS RELIEVE COMPLIANCE STRESS
“The biggest project we worked with PTX on took place this year. They built an automation that turns PowerPlan reports into Excel sheets that comply with state schedules. With this tool, there is less manual work involved.”
Of the 30 to 40 hours saved, most of the work is usually overtime during the busy property tax filing season, and the power company anticipates that the new automation will continue to cut down on overtime in future years. Since this was the first year implementing the tool, PTX provided support along the way to make sure everything went smoothly.
“The new, automated system worked really well in the first year. PTX was hands-on and timely with troubleshooting, and we were able to file everything on time. The new process was much more efficient than before.”
ptx expertise led to longstanding PARTNERSHIP
The power company has worked with PTX on several consulting projects in the past, and they use PTX’s TaxFeed service to reduce manual data entry into PowerPlan. With more than 10,000 parcels across several states, the power company needs property tax information as soon as possible. So, they partner with PTX because they know we’re knowledgeable of property tax, states’ complicated processes, and their tax system. For example, PTX provided over 25,000 lines of jurisdiction-level tax data in one state alone last year, which allowed for both payment and detailed analysis.
“PTX’s knowledge of PowerPlan is the main reason we go back to them time and time again. The CEO, Stephen Wicks, helped develop the property tax module in PowerPlan, so there’s no better company to get what you need.”
LEARN MORE ABOUT PTX
When you work with PTX, you have access to seasoned property tax and data experts that understand the challenges you face. We found a better way for you to get your property tax values, and we're here to help you use the data to your advantage.