Bloomberg tax & accounting’s AI generator makes workpapers seamless.

TLDR:

Bloomberg Tax & Accounting has introduced an AI Expression Generator and enhanced integrations for Workpapers to streamline corporate tax workflows. The AI formula generator allows users to input requirements in natural language and receive an AI-generated formula output, reducing manual errors. Enhanced integrations with Fixed Assets and Tax Provision solutions improve efficiency and accuracy in tax computations. These updates aim to simplify complex processes and automate tasks for tax professionals.

Key Elements:

Bloomberg Tax & Accounting has announced new enhancements to Bloomberg Tax Workpapers, including an innovative AI formula generator and additional integrations with other solutions.

The AI Expression Generator within Bloomberg Tax Workpapers allows users to input requirements in natural language and receive an AI-generated formula output, reducing manual errors and uncertainty around data transformation tasks.

The integrations with Fixed Assets and Tax Provision solutions streamline workflows by eliminating the need for separate data upload and providing a self-service option for automating asset import and export processes.

These updates aim to simplify and automate complex processes in corporate tax workflows, delivering time-savings and improved accuracy for tax professionals.