The software provides automatic legislative updates and access to centralized tax and accounting data. There is also streamlined administration and what Bloomberg described financial controls through spreadsheets, versioning, and audit trails

Ken Crutchfield, VP & GM of Bloomberg Tax Technology, said in a prepared statement the platform enables enhancements to be rolled out quickly "encouraging collaboration across accounting, compliance, and audit teams, resulting in greater visibility and more informed decision-making, thereby dramatically improving the way tax work gets done."