The tax technology platform that drives efficiencies
The new Advantage platform from Bloomberg Tax streamlines tax management with an integrated set of workflow tools for corporations and firms of all sizes. Centralized data, process automation, and built-in audit trails save time, reduce risk, and free up your staff for higher-value work.Request Information
Now you can replace repetitive manual work with automation and blinders with visibility across the entire tax landscape. Standardize and synchronize tax data and processes with a single platform for tax planning, compliance, and audit work. Integration with other systems ensures accuracy and efficiency. Advantage allows tax and accounting professionals to easily collaborate, improve financial controls, focus on tax-wise strategies, and identify savings opportunities.
Integrated workflow tools.
Manage every aspect of tax management — documents, deadlines, tasks, and even spreadsheets — all from one place
Speed up tax operations with a consistent, user experience, easy onboarding, and single sign-on
Centralize tax data, eliminate rekeying, rechecking, and redundancy across tax and accounting functions
Enforce accounting controls, securely access sensitive information, and efficiently manage system permissions
Automate tax processes including data tracking, document storage, project management, and workflows
Get built-in logs and documentation, real-time version control, and peace of mind that stand-alone spreadsheets can’t provide
Share up-to-date tax data from a central location to improve collaboration with internal and external stakeholders
Exchange data with ERPs and other systems integral to your business to accommodate all your reporting needs
Tax executives are exploring new ways to modernize their operational systems. By tapping into the proven benefits of centralized, standardized platforms, savvy executives know that when the implementation is done right, the benefits and payoff can be astronomical, impacting all areas of business, including tax and accounting.
Workflow Integration Tools
Simplify how you work. Advantage’s integrated set of workflow tools provides a secure, version-controlled, cloud environment to orchestrate all of your tax work, improve efficiency, and reduce the cost of managing tax processes. A complete audit trail for all document and workflow activity ensures strong controls.
Quickly access data, collaborate across projects, clients, entities, and applications while streamlining workflows for timely completion.
Provide secure access to sensitive client data across a firm's engagement teams, applications, projects, documents, and spreadsheets.
Centralize document storage, secure access using permission controls, track with versioning and audit trails — while easily sharing information internally and externally.
Upload your existing spreadsheets and collaborate across teams with automatic version tracking and a full audit trail of who did what, when — access with robust permission controls.
Easily access up-to-date, interactive, calculating tax forms and instructions to save time, meet deadlines, and stay a step ahead.
Lease Asset Tracking Model
Jumpstart ASC 842 compliance by centrally collecting, storing, and tracking leases. Provides right-of-use (ROU) Asset and Leased Asset Liability journal entry by asset with amortization schedules. Transfer data to full-featured Bloomberg Tax Leased Assets software solution when it becomes available in the fall of 2018.
Sales Tax Rates
Automatically stay up-to-date and in compliance with frequently changing sales and use tax rates for every jurisdiction in the United States (including Puerto Rico) and Canada.
Streamline integration between internal systems and Advantage applications by leveraging built-in APIs and rules engine Robotic Process Automation (RPA) tools to automate repetitive tasks, transform data, and facilitate workflows.
Centralize user management across applications to implement your company’s internal controls. Securely manage user access and policies.
Expert Application Software
Use our expert tax applications that reside on the Advantage platform to cut through the complexities of managing your organization’s fixed assets, state taxes, and sales tax rates. Stay in compliance with automatic updates whenever tax law changes. Rest assured your data is secure in our SOC 1 compliance facility, using industry-leading security and vulnerability utilities for the highest level of protection.
Bloomberg Tax Fixed Assets™
Manage the largest line items on your company’s balance sheet with efficiency and accuracy, while gaining control over the complete fixed assets lifecycle — from construction and purchase through retirement.
Fixed Assets Brochure
State Tax Analyzer™
Centralize state tax computations for provision, estimates, audit, and planning needs. Formulate the best multistate, multiyear tax strategies using the most accurate corporate state tax analysis solution.
State Tax Analyzer Brochure
Bloomberg Tax Leased Assets™ (Available fall of 2018)
Robust leased assets software solution from Bloomberg Tax designed to tackle time-consuming calculations required by the ASC 842 standard for both real estate and equipment leases.
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Questions? Contact us at 800.424.2938