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PowerPlan Selected as a Red Herring Top 100 North America Winner

ATLANTA, GA--(Marketwired - May 23, 2014) - PowerPlan, the leading provider of accounting, tax and capital budgeting optimization solutions for asset-intensive businesses, celebrates its status as a Red Herring Top 100 North America award winner.

"PowerPlan is honored to be recognized with this prestigious award," says John Andrus, PowerPlan CEO. "This award is a testament to the unique solution PowerPlan provides for our customers helping them optimize the financial performance of their fixed assets while reducing risk and improving compliance. I would like to personally thank our employees and loyal customers for helping us become the success we are today."

Red Herring Top 100 America enlists outstanding entrepreneurs and promising companies. It selects 100 award winners from among the approximately 3,000 tech startups financed each year in the U.S. and Canada. Previous Red Herring winners include companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Marin Software and eBay. 

"In 2014, selecting the top 100 achievers was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "In fact, we had the toughest time in years because so many entrepreneurs had crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the top 100 winners. We believe PowerPlan embodies the vision, drive and innovation that define a successful entrepreneurial venture. PowerPlan should be proud of its accomplishment, as the competition was very strong."

Red Herring's editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, management quality, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers.

PowerPlan recently released its latest version, which includes a module built specifically for Master Limited Partnerships (MLPs). PowerPlan's MLP module allows for greater accuracy and availability of data for all stakeholders, which improves the K-1 filing process as well as provides necessary financial visibility and reporting for general partners, auditors and unit holders. For more information on how PowerPlan helps asset-intensive businesses, please visit www.powerplan.com.

About PowerPlan

PowerPlan is an enterprise software company devoted to helping asset-centric businesses 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 [email protected]; or visit www.powerplan.com.

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