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 solutions provide global coverage and eliminate the need for multiple or overlapping vendors. Our products and data solutions are structured based on best practices and in consideration of guidelines and methodologies that facilitates audit reviews or acceptance by Big Four audit firms, thereby saving time and resources 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 implementation and on-boarding process as well as the required transparency for easier reviews and validation needed while establishing efficiencies that could yield significant cost reductions over time.
Our products for accounting and finance are easy to use and add value almost immediately, coming pre-configured and ready for implementation — so you can be up and running quickly. We work with you to derive optimal value from our products; our team of dedicated experts will guide you through on-boarding, help you identify efficiencies and better workflows, and answer questions quickly and accurately.
In a complex and changing regulatory and accounting environment having the right systems in place can reduce risk and save time and money. Bloomberg provides the products and data you need to quickly and fully comply with new accounting requirements. Bloomberg’s solutions and data feeds boost efficiency by helping automate processes, enabling you to respond to additional rules changes immediately and painlessly.
A reliable product and/or data that helps meet accounting and reporting requirements is essential to optimizing performance. Bloomberg’s suite of products and data gives you access to accounting reports, analytics and data with as much depth and detail needed to deliver results to your stakeholders.
Workflow: With all the different sources and systems supporting your business processes, Bloomberg’s accounting workflow will ease your transition and management of multiple data, reports and output. Our combined product and data solutions are integrated and can be seamlessly implemented in your workflow such as Bloomberg’s trading platform for an FX workflow from trade execution that can flow through our MARS solutions for risk analytics then all the way to HEFF for hedge accounting and month-end reporting needs with integrated and consistent market data and settings across all solutions.
The reporting process demands accurate and defensible valuation of your global investment portfolio. At a time of extraordinary product complexity and global investment opportunities, determining an investment’s value and understanding the sources and composition of that valuation are critical. Our valuation tools do just that. Bloomberg is dedicated to pricing transparency and provides clear, precise detail on how valuations are determined, ready to be delivered to auditors and regulators.