The barrage of new accounting regulations and requirements strain legacy accounting systems, forcing you to continually improve your internal data volume and quality to stay compliant.
That’s why Bloomberg offers an array of cost-effective solutions built on the guidance and interpretations of the Big Four. We help clients effectively and confidently comply with new accounting guidance and regulations. Mitigate compliance risk by keeping your firm’s actions aligned with current recording and reporting requirements.
Our targeted solutions provide global coverage and eliminate the need for multiple or overlapping vendors. Our data is structured under the guidelines and methodologies of the Big Four thereby saving time and resources by enabling you to automate processes and speed up the implementation of rules changes. For larger firms with internal implementation processes, Bloomberg’s accounting solutions offer cost-effective benchmarking, validating your work while establishing efficiencies that could yield significant cost reductions over time.