Bloomberg Tax & Accounting Unveils AI Expression Generator and Improved Integrations for Workpapers

Bloomberg Tax & Accounting Introduces AI Expression Generator and Enhanced Integrations for Workpapers

Bloomberg Tax & Accounting Introduces AI Expression Generator and Enhanced Integrations for Workpapers

ARLINGTON, Va., July 18, 2024 /PRNewswire/ — In a move to revolutionize corporate tax workflows, Bloomberg Tax & Accounting has announced the launch of new enhancements to its Bloomberg Tax Workpapers platform. The latest updates include an innovative AI formula generator and improved integrations with Bloomberg Tax’s Fixed Assets and Tax Provision solutions.

The AI Expression Generator within Bloomberg Tax Workpapers is set to transform the way tax professionals work. By allowing users to input their requirements in natural language and receive an AI-generated formula output, this tool eliminates the risk of manual formula errors and simplifies complex data transformation tasks. With this new feature, tax professionals of all backgrounds can streamline their work processes with ease.

Furthermore, the enhanced integrations with Bloomberg Tax’s Fixed Assets and Tax Provision solutions offer seamless data management and improved accuracy. The direct data export feature to Bloomberg Tax Provision eliminates the need for separate data uploads, while the integration with Fixed Assets enables users to automate asset import and export processes. These integrations not only enhance efficiency but also provide an audit trail for increased transparency and accuracy in tax calculations.

Lisa Fitzpatrick, president of Bloomberg Tax & Accounting, emphasized the importance of these advancements in simplifying and automating complex tax processes. “By continuously enhancing Bloomberg Tax Workpapers and creating more integration points with our other solutions, we are addressing key pain points in corporate tax workflows,” said Fitzpatrick. “The AI formula generator and our robust integrations are pivotal in our mission to ensure calculation accuracy for critical tax deliverables.”

These updates are part of Bloomberg Tax & Accounting’s commitment to innovation and providing comprehensive, integrated solutions that streamline tax professionals’ workflows. By leveraging AI technology and enhancing integrations, Bloomberg Tax & Accounting aims to empower tax professionals to focus on higher-value activities and make smarter decisions.

For more information and to schedule a demo of the new enhancements, visit https://aboutbtax.com/beTT.

About Bloomberg Tax & Accounting
Bloomberg Tax & Accounting provides practitioner-driven research and technology solutions that deliver timely, strategic insights to enable smarter decisions. From Tax Management Portfolios to technology designed to streamline planning and compliance scenarios, Bloomberg Tax & Accounting offers essential news, analysis, and software to help tax and accounting professionals worldwide maximize business results. For more information, visit Bloomberg Tax.

SOURCE Bloomberg Tax & Accounting

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