#USA #Arlington #Bloomberg Tax #EY US #Certified Implementer

Bloomberg Tax Enhances Services with EY US Partnership

In a recent announcement, Bloomberg Tax has officially added Ernst & Young LLP (EY US) to its Certified Implementer Program (CIP). This marks a significant development for both organizations, aiming to bolster the tax solutions available to businesses worldwide. EY US, recognized as a leader in assurance, tax, strategy, transactions, and consulting services, will provide essential implementation and optimization support for Bloomberg Tax’s comprehensive suite of products including Bloomberg Tax Provision, Bloomberg Tax Workpapers, and Bloomberg Tax Fixed Assets.

The integration of EY US into the Certified Implementer Program illustrates a commitment to enhancing the technological framework of corporate tax functions for joint clients. As a certified implementer, the firm will utilize its extensive expertise to assist clients in designing processes, managing data transformation, automating tax calculations, and ensuring compliance with regulations. The collaboration aims to alleviate common challenges faced by organizations, such as staffing difficulties and tight deadlines, ultimately enabling them to navigate the complexities of tax management more effectively.

Coskun Cavusoglu, EY's Americas Financial Services Tax Technology and Transformation Leader, expressed enthusiasm about this collaboration, stating, "As a leading professional services firm, EY is excited to work with Bloomberg Tax as a Certified Implementer. We are committed to helping organizations enhance efficiency and transformation with tailored solutions in Bloomberg Tax Provision and Workpapers."

Bloomberg Tax products are designed to foster seamless and efficient tax management. Bloomberg Tax Provision enables tax professionals to accurately forecast and calculate tax provisions for financial statements with ease. This solution ensures that outputs remain audit-ready, thereby managing risk while improving efficiency. In addition, Bloomberg Tax Workpapers offers a cloud-based, user-friendly interface that combines automated data transformation with flexible spreadsheet capabilities. This streamlines the workpaper process and incorporates built-in tax guidance, ultimately simplifying the overall experience for users.

Finally, Bloomberg Tax Fixed Assets serves as a comprehensive asset management solution that facilitates the optimization of fixed asset depreciation for companies, managing complexities irrespective of volume. The system provides key controls designed to minimize risk, along with automated data flows and reporting functions that help save time and enhance savings for organizations.

As EY US joins a distinguished roster of firms within the Certified Implementer Program, their deep industry knowledge and global presence are expected to deliver substantial value to clients seeking to maximize their use of Bloomberg Tax solutions. Evan Croen, Head of Bloomberg Tax, also expressed excitement regarding EY’s debut in the program. He remarked, "We are thrilled to welcome EY to our Certified Implementer Program. Their extensive knowledge and reach will be essential for our shared clients to leverage our technology effectively to streamline tax processes and achieve efficiency."

This partnership is a promising step toward fostering robust, integrated tax solutions that adapt to the ever-changing regulatory landscape. Through collaboration, both Bloomberg Tax and EY US are poised to empower businesses to mitigate risks, optimize tax strategies, and embrace valuable technological transformations that enhance operational efficiency. For more information about this collaboration and Bloomberg Tax's solutions, please visit bloombergtax.com.