Adrian Johnson
TLDR:
- Bloomberg Tax & Accounting has enhanced its Fixed Assets software through integration with Workpapers.
- The new feature streamlines asset management and improves data accuracy.
Bloomberg Tax & Accounting has announced significant enhancements to its Fixed Assets software. The integration with Bloomberg Tax Workpapers allows for self-service automation to prepare, cleanse, and transform data from complex ERP systems into the Fixed Assets system. This streamlines asset management and improves data accuracy, reducing manual effort and errors.
The key benefits of the integration include automation of data preparation, enhanced transparency in data transformation processes, and flexibility and control for users. This integration aligns with Bloomberg Tax & Accounting’s commitment to simplifying corporate tax workflows, saving time and increasing accuracy.
In addition to the integration, the update includes a new feature for applying cost segregation study results to assets, enabling compliance with IRS regulations. Other new features for Fixed Assets users include custom reports, automated reconciliation, and automated export functionalities.
Overall, Bloomberg Tax & Accounting continues to innovate its products to simplify workflows for tax and accounting professionals, delivering timely insights and software solutions that mitigate risk and maximise business results.
