Feb 14, 2018   SOURCE: PR NewsWire

Bloomberg Tax Introduces Advantage(TM), a Suite of Software Solutions that Changes the Way Corporations Manage Tax

ARLINGTON, Va., Feb. 14, 2018 /PRNewswire/ -- 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(TM),
        State Tax Analyzer(TM), and Sales Tax Rates(TM)
    --  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
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(TM) 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.

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SOURCE Bloomberg Tax