Microsoft Ads offers auto tagging which does the job beautifully for most use cases. 

To turn on auto tagging, go to the settings icon and settings

And turn on Auto tagging.

Doing this will start generating the below tags automatically for all your campaigns.

http://www.example.com/?utm_source=bing&utm_medium=cpc&utm_term={Keyword}&utm_campaign={CampaignName}
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