Bloomberg Tax vs. Brightmine

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Bloomberg Tax
Score 9.0 out of 10
N/A
Bloomberg Tax is a tax management and automation software suite supporting corporate tax research, calculation, and compliance.N/A
Brightmine
Score 8.5 out of 10
Mid-Size Companies (51-1,000 employees)
Brightmine (formerly XpertHR) is a global provider of people data, analytics and insight. Brightmine is a division of LexisNexis Data Services, within RELX®, a global provider of information-based analytics and decision tools. RELX serves customers in 180+ countries with 35,000+ employees.N/A
Pricing
Bloomberg TaxBrightmine
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Bloomberg TaxBrightmine
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
Bloomberg TaxBrightmine
Type of tax
Comparison of Type of tax features of Product A and Product B
Bloomberg Tax
9.3
Ratings
17% above category average
Brightmine
-
Ratings
Sales and Use Taxes8.00 Ratings00 Ratings
Cross-border Taxes10.00 Ratings00 Ratings
VAT / GST Taxes10.00 Ratings00 Ratings
Tax Reporting & Compliance
Comparison of Tax Reporting & Compliance features of Product A and Product B
Bloomberg Tax
8.5
Ratings
8% above category average
Brightmine
-
Ratings
Geolocation for Tax Assessment9.00 Ratings00 Ratings
3rd-Party Software Integrations8.00 Ratings00 Ratings
Tax Data Reporting9.00 Ratings00 Ratings
Compliance Administration Management9.00 Ratings00 Ratings
Tax Document Management8.00 Ratings00 Ratings
Complex Tax Scenario Management8.00 Ratings00 Ratings
User Ratings
Bloomberg TaxBrightmine
Likelihood to Recommend
9.0
(0 ratings)
8.5
(0 ratings)
Likelihood to Renew
-
(0 ratings)
8.8
(0 ratings)
Usability
9.0
(0 ratings)
8.8
(0 ratings)
Availability
-
(0 ratings)
9.1
(0 ratings)
Performance
-
(0 ratings)
9.1
(0 ratings)
Support Rating
-
(0 ratings)
9.1
(0 ratings)
Online Training
-
(0 ratings)
9.1
(0 ratings)
Implementation Rating
-
(0 ratings)
8.0
(0 ratings)
Configurability
-
(0 ratings)
6.5
(0 ratings)
Ease of integration
-
(0 ratings)
4.5
(0 ratings)
Product Scalability
-
(0 ratings)
8.3
(0 ratings)
Vendor post-sale
-
(0 ratings)
5.0
(0 ratings)
Vendor pre-sale
-
(0 ratings)
5.0
(0 ratings)
User Testimonials
Bloomberg TaxBrightmine
Likelihood to Recommend
The fixed asset software is very advanced for software in general, but it is limited to accounting (GAAP and Tax) fixed assets. Would love to see a more IT user friendly software allowing IT personnel to use a gun to scan the servers and computers, etc. This wouldn't necessarily be a fixed asset as many computer items are too small dollar wise, but it would be a useful feature for IT and accounting to track IT assets by locatoin, user, departmetn, etc. and would be company wide. Another software needed is for company contracts with an ability to send out emails for notifications that a given contract is coming due. Obviously, this would be for contracts and leases but is also useful for accounting and would involve the whole company as there are contracts for rentals, equipment, service maintenance agreements, capital leases, IT contracts, etc.
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When troubleshooting and needing state specific compliance, I have been able to quickly access and validate data to make informed decisions. For example, when working with a multi-state population of employees, I have repeatedly used Brightmine to review state specific laws at employment separations. When working on employee handbook updates, I have been able to utilize Brightmine to review current policy requirements as well as use as a starting point for drafting policy updates. It has been a very great tool - very turnkey.
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Pros
  • Research
  • Chart Creations.
  • Help narrow down or identify the exact issue you have.
  • Customer Support through the help line.
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  • Legal updates - keeping up with constant changes.
  • Great letter and other document templates.
  • Useful and well formatted Policy Templates - helping us keep up with changes to legislation.
  • Handy dashboard with trending topics, updated & last viewed items.
  • Daily newsletter updates are very useful for keeping up with current issues and changes to policies.
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Cons
  • Better outlay of the depreciation section, rather see periods vertically, then horizontally. The periods are difficult to move through when you need to see many months in the past or vice-versa.
  • Would love to see an ability to mandate certain fields when creating an asset as every company is different.
  • Would love to see each field have the ability to have it's own pick list, and the pick list that does exist needs to be larger to allow for a longer list rather than just 8-10, then the rest are hidden so you have to move to section 2 to see that continuing list.
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  • Frequent technology issues - the system will not be available and I get an error code. This is not good when I need to find information right then. I feel concerned when this happens because I pay a lot for the product and I expect it to be available when I need it.
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Likelihood to Renew
No answers on this topic
Without realising it we use Brightmine so often and it is so beneficial as our daily roles are onerous. By having a tool there that covers such a wide variety of products we can rest assured we know if we need something we can find it on there easily. With no hassle.
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Usability
Overall, it is a good value for the money we pay for it, and it helps our tax process.
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So simple to use and really a few clicks to finding what you need, also appreciate the layout and alphabetical organisation. Not to mention how things are written out it makes finding templates a breeze and navigating to exactly what you need. Makes a stressful job so much easier!
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Reliability and Availability
No answers on this topic
It is almost always available when I need it. I have only ran into 2 situations where I received an error message and could not get logged in but was told this was a widespread issue that would quickly be resolved.
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Performance
No answers on this topic
Everything loads quickly and is exactly where I need it to be. I like how the sidebar breaks down different sections of policies for each state to help me find what I am looking for or gives suggestions or documents to review that may also be helpful
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Support Rating
No answers on this topic
I reached out to Brightmine support when i could not get logged in and I received a personal response within hours that was very helpful! I love that it was a real person and not automated. This type of support makes me feel that their support team truly cares about getting issues fixed timely.
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Online Training
No answers on this topic
The people on the call training us were very friendly and knowledgeable! They helped me learn of new tabs for finding templates to create new trainings to update departments on policies and procedures. It also has great excel sheets so I can see side by side differences between states regarding different laws and compensation changes.
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Implementation Rating
No answers on this topic
I didnt implement but just wanted to say the person providing the training was brilliant and guided us through each page so we knew how to navigate, also allowed us to ask a lot of questions if we needed to which was helpful. So we could go away with confidence to use it
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Alternatives Considered
I think it is a superior product with more features.
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Compared to Workday, Brightmine is more specialized and faster for HR compliance and policy work, whereas Workday is broader and stronger for core HR operations like payroll, workforce management, and analytics. We selected Brightmine because it provides more direct, practical support for compliance updates and policy creation without the complexity and configuration overhead of Workday.
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Scalability
No answers on this topic
It can be used across all disciplines on our team, from recruiting to training, to our generalist team. Our legal team could also jump in and use it to research.
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Return on Investment
  • Allowed for very smooth audits
  • User friendly, allows for documentation to be stored, very useful
  • Good audit trail to see what happened.
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  • Reduced legal expenditures -- I didn't have to pay lawyers to make a handbook for me.
  • First point of reference for legal questions
  • Reduces our risk and ensures we make the right legal decisions.
  • Easy to research and find content using the search function of the home page dashboard.
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ScreenShots