Case Study: Norfolk Southern streamlines tax fixed assets management with PowerPlan’s Tax Fixed Assets solution

Norfolk Southern cuts tax system migration to 12 weeks with PowerPlan

Norfolk Southern, a major railroad company, faced significant inefficiencies in its tax department due to an outdated legacy system called PowerTax. The system caused slow navigation, tedious manual processes, and lengthy reporting times, which created bottlenecks and delayed strategic decision-making. To modernize its operations, Norfolk Southern turned to vendor PowerPlan and its Tax Fixed Assets (TFA) solution.

PowerPlan implemented its cloud-hosted TFA solution in a rapid 12-week migration. The new system eliminated manual processes, reduced forecasting time from days to minutes, and provided self-service reporting capabilities. This transformation freed the IT team from maintenance burdens and empowered the tax department with greater efficiency and strategic insight, achieving all project goals on time and on budget.

Norfolk Southern