Bloomberg Tax Provision
Bring your tax provision calculations into one system
Provision work often spans multiple tools and manual processes, creating rework and inconsistency at every step.
Bloomberg Tax Provision brings your data, calculations, and workflows together in one system so you can move faster and stand behind your numbers.
Eliminate manual handoffs
Managing provision across multiple tools creates version control issues and duplicated effort. Work in a single system where updates flow automatically, keeping calculations in sync without manual handoffs.
Automate work that slows you down
Manual roll forwards and data updates take time and introduce risk. Automate key calculations and workflows to reduce repetitive work and allow your team to focus on analysis.
Defend your results without rebuilding analysis
Explaining provision results often requires recreating support across multiple files. Keep calculations, changes, and supporting details connected so you can quickly understand what changed and why.
A fundamentally different approach to tax provision
Traditionally, the provision process spans disconnected systems, but Bloomberg Tax Provision brings everything together. Connect your data and workflows in one system so you can go from producing numbers to confidently standing behind them.
Keep your rate reconciliation aligned
Most teams rely on manual adjustments to get the rate rec to tie. Bloomberg Tax Provision applies ASC 740 directly in the system, keeping calculations, accounts, and rate rec aligned throughout the process so it ties automatically.
Defend every number with full audit transparency
Audits aren’t just about outputs, you need to explain and defend your numbers. Get full transparency into every calculation and change so you can answer questions and support your provision without rebuilding analysis.
Stay in control as complexity grows
As your business grows, managing provision across spreadsheets and disconnected tools becomes riskier. Work in a controlled system that scales with more entities, jurisdictions, and reporting requirements, keeping you in control.
Transition without disruption
Moving off spreadsheets can feel like a big, time-consuming lift for your team. Bloomberg Tax Provision is designed with a clean, intuitive interface that’s easy to learn and use, enabling a smooth transition without disrupting your provision process.
How tax teams are improving their provision process
Most teams think they don’t have time to change their process, but staying in spreadsheets is what slows them down. Customers who switch to Bloomberg Tax Provision consistently report faster closes, less rework, and more confidence in their numbers.
“Bloomberg Tax Provision significantly reduced the time we spend on a provision. I saved close to a month over the time it used to take working in Excel.”
Sherri Throop
Tax and Financial Reporting Manager
Novo Building Products
“I’ve done implementations of other software, and this one was hands-down the easiest to get the hang of. It was just a matter of weeks before we had full implementation and re-creation of our prior year provision ready to go.”
Corporate Tax Manager
Flexential
“We can compare prior to current quarters. Or if changes arise that need to change the comparative rate rec, you can identify those differences to make sure you’re comfortable with everything before you book entries.”
Director of Tax and Accounting
Request a demo
Bloomberg Tax Provision is a cloud-based solution that applies ASC 740 directly in a single system to ensure accurate calculations, consistent reporting, and audit-defensible results.
Complete the form, and we’ll be in touch to schedule a demo. Our experts will walk through your current provision process and explore how Bloomberg Tax Provision can support your team’s needs.
Already a customer? Get in touch with the support team.