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5 Reasons Why CPA Firms Should Embrace a Cloud-Based Platform
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With a cloud-based platform, you can:
Provide more efficient service to your clients by moving to Bloomberg Tax Fixed Assets Web. Our cloud-based fixed assets solution will help you and your clients improve productivity and avoid costly errors by managing the complete fixed assets life cycle – from construction and purchase to retirement. Regardless of your company size, Bloomberg Tax Fixed Assets is scalable to handle any number of users, assets, and locations, to help you save time and money, and scale as your practice grows.
1. Access secure data anytime, anywhere
Access client data anytime and from anywhere. With Bloomberg Tax Fixed Assets Web, you can become more mobile and efficient by accessing real-time data from your client’s location, saving time and effort — no check-in or checkout process needed.
We know that data integrity and security are at the top of your list. Multiple login management systems, encryption, multifactor authentication, and single sign-on capabilities are built within the network infrastructure to protect your clients’ data.
2. Grow revenue by offering new client services
Bloomberg Tax Fixed Assets Web expertly manages your clients’ largest expenditures. With our cloud-based solution, you can provide multiple services to solve the toughest tax challenges. New service offerings lead to new revenue for your firm:
- Provide depreciation reconciliation services between trial balance and general ledger
- Provide depreciation process improvement services
- Provide client data mining and analysis when new regulations roll out
How ITW Saved Hundreds of Hours With Bloomberg Tax
Illinois Tool Works (ITW) saved 400 hours of effort, cut year-end review by three weeks, and increased accuracy throughout the process by using Bloomberg Tax Fixed Assets.
3. Increase productivity with better client collaboration
Achieve better client collaboration and increase productivity by moving to Bloomberg Tax Fixed Assets Web.
- Your clients can share source files with your firm in a secure online environment
- Eliminate the need to email large files
- Eliminate the security risks of transferring confidential data
4. Reduce internal IT costs
Say goodbye to installing software in your clients’ environments and reduce your own internal IT department costs. Moving to the cloud eliminates installation and maintenance costs, mitigates server failures, and reduces support costs, allowing your firm’s staff to focus on higher-value work.
5. Improve data quality control
Our cloud-based solution provides comprehensive administrative capabilities, giving you better quality control over resources and data. Limit what a user can or cannot do within the software and gain better insight into what work must be done, who is handling the work, and when the work will be completed.
Rely on Bloomberg Tax Fixed Assets to manage your complete fixed assets life cycle – from construction and purchase to retirement.