Bloomberg Tax Introduces Advantage™, a Suite of Software Solutions that Changes the Way Corporations Manage Tax
Arlington, VA – February 14, 2018 – Bloomberg Tax today introduced Advantage, a suite of software solutions for tax and accounting professionals that covers processes related to fixed assets, federal and state tax, NOLs, provision analysis, and sales and use tax rates. The new Advantage platform with an integrated collection of products allows users to track projects, manage documents, and collaborate with internal and external teams to improve financial controls through task automation and risk management.
“Driven by client demand for an easier way to effectively manage corporate tax and accounting processes, the Advantage platform is a new and innovative way for companies and firms to keep up with the quickly evolving tax landscape,” said Ken Crutchfield, VP & General Manager of Bloomberg Tax Technology. “The platform approach to Advantage enables enhancements to be rolled out quickly, encouraging collaboration across accounting, compliance, and audit teams, resulting in greater visibility and more informed decision-making, thereby dramatically improving the way tax work gets done.”
Key features and benefits include:
- Access to award-winning products like Bloomberg Tax Fixed Assets™, State Tax Analyzer™, and Sales Tax Rates™
- Automatic legislative updates eliminate the need to navigate complex business regulations and corporate tax rate changes that aid in identifying tax savings
- Centralized tax and accounting data eliminates redundancy and provides professionals with the ability to perform multiyear, multi-jurisdiction, and multi-entity analysis
- Streamlined administration provides tighter controls over security and accessibility policies
Improved financial controls through spreadsheets, versioning, and audit trails reduce statement risk
The Advantage platform is available now. To learn more, visit www.bloombergtaxtech.com/advantage.
About Bloomberg Tax Technology
Bloomberg Tax Technology offers expert software solutions to tax and accounting professionals that include a robust corporate tax suite running on our Advantage™ platform. Advantage delivers a comprehensive view of taxes from every vantage point for accurate analysis and strategic clarity. With a category-leading set of software solutions and top-rated technical support, we are the perfect partner for organizations of every size. More than 70,000 customers depend upon Bloomberg Tax Technology for the highest degree of tax, regulatory, and compliance expertise available in the market.
About Bloomberg Tax
Bloomberg Tax provides comprehensive global research, news, and technology services enabling tax professionals to get the timely, accurate, and in-depth information they need to plan and comply with confidence. Our flagship Bloomberg Tax platform combines the proven expertise and perspectives of leading tax practitioners in our renowned Tax Management Portfolios™ with integrated news from the industry-leading Daily Tax Report®, authoritative analysis and insights, primary sources, and time-saving practice tools. Bloomberg Tax technology solutions on our proprietary Advantage platform help professionals simplify complex processes to better control risk and maximize profitability. For more information, visit https://www.bna.com/tax.
The Advantage suite of software solutions from Bloomberg Tax delivers a comprehensive view of corporate taxes across accounting, compliance, and audit teams. Data can be quickly accessed and shared by tax and accounting professionals without redundancy. Those on our proprietary Advantage platform can simplify complex processes to better control risk and maximize profitability. Advantage manages processes related to fixed assets, federal and state tax, NOLs, provision analysis, sales and use tax rates, and more, making it easy to identify tax savings, factor in the impacts of legislation, and make more informed business decisions.