Adrian Johnson
TLDR:
- Bloomberg Tax & Accounting introduced an AI Expression Generator and enhanced integrations for Workpapers.
- The AI Expression Generator allows users to input requirements in natural language and receive an AI-generated formula output.
Key Elements:
Bloomberg Tax & Accounting has announced new enhancements to Bloomberg Tax Workpapers, including an AI formula generator and integrations with Fixed Assets and Tax Provision solutions. The AI Expression Generator allows users to input requirements in natural language and receive an AI-generated formula output, leveraging AI automation to address common challenges in the review and maintenance of workpapers. The integration with Fixed Assets offers a self-service option for users to automate asset import and export processes, providing improved accuracy and efficiency. These updates are part of Bloomberg Tax & Accounting’s efforts to simplify and automate complex processes for tax professionals.
The enhancements also include strengthened integration with other key solutions, such as direct data export to Bloomberg Tax Provision, eliminating the need for separate data upload and reducing errors in tax provision computations. Lisa Fitzpatrick, president of Bloomberg Tax & Accounting, highlights that these enhancements are pivotal in simplifying corporate tax workflows and ensuring calculation accuracy for critical tax deliverables. The goal is to streamline tax professionals’ workflows, making them more efficient and effective.
Overall, Bloomberg Tax & Accounting’s continuous innovation and integration of solutions aim to simplify and automate complex processes, addressing key pain points in corporate tax workflows and ensuring calculation accuracy for critical tax deliverables.
