The reliance on sprawling, manual spreadsheets has become a primary bottleneck for scaling tax operations. As organizations expand across jurisdictions, maintaining disparate formulas creates significant risk and operational inefficiency. By embedding system-maintained tax rules directly into the workflow, this new capability aims to replace error-prone manual entry with a centralized, governed environment.
Bloomberg Tax Shifts State Calculations from Spreadsheets to Automation
Corporate tax departments long burdened by fragile, manual spreadsheets now have a governed alternative. Bloomberg Tax has launched Controlled Calculations, a new feature within its Workpapers suite designed to automate complex state tax rules while maintaining the flexibility for specific business logic and internal audit requirements.
Evan Croen, head of Bloomberg Tax, argues that the industry must move beyond refining spreadsheets to adopting tools that manage complexity through connected workflows. The system provides transparency by tracking every adjustment and override, ensuring that audit trails remain intact from initial preparation through final review. By unifying research, calculations, and reporting within a single hub, tax professionals can transition from formula maintenance to high-level strategic analysis.
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