Workiva

Formerly Wdesk

Wdesk has become an indispensable tool for various teams within the company. The Financial Reporting team relies on Wdesk to file important documents such as the company's 10-K and 10-Qs, while the Legal department uses it for filing Proxy Statements. Additionally, Internal Reporting finds Wdesk useful for filing quarterly press release 8Ks. The program's permissions feature allows for seamless collaboration and input from different departments on each document. As a result, users have expanded its use to involve other groups like Treasury and Legal for their unique filings. While its primary focus is SEC filings, Wdesk is slowly being incorporated into areas such as Certifications and SOX. Users have been utilizing Wdesk for over two years and greatly appreciate the product as a whole, as well as the company's commitment to excellence and transparency in customer service.

With Wdesk's secure cloud-based platform, capturing, preparing, and aggregating financial data from various sources has become effortless. Users have the ability to create and model reports and analyses tailored to their specific needs, all linked to the relevant data. This versatility makes Wdesk an ideal choice for Annual Reports and SEC filings. However, some users have encountered compatibility issues with Word and Excel 2007, as well as challenges related to syncing and file formats. To complement their workflow, certain users have integrated Microsoft Teams alongside Wdesk. The Global Financial Reporting Team relies on Wdesk to prepare essential documents like Earnings Releases, Form 10-Ks, Form 10-Qs, and IFRS financial statements. As other departments witness its potential in streamlining processes such as document control and consistent financial reporting, there is increasing encouragement for wider adoption of Wdesk throughout the organization. Notably, external auditors and legal counsel also utilize Wdesk to review filings and provide valuable feedback.

The benefits of using Wdesk extend beyond financial reporting alone; it also plays a pivotal role in the company's SOX program and serves as the go-to financial reporting tool. Users particularly appreciate Wdesk for its cloud-based functionality, real-time reporting capabilities, and ease of creating tables. By leveraging Wdesk, the financial reporting team has successfully reduced errors and improved productivity in updating financial statements, eliminating the need for manual processes and mitigating inconsistencies. This time-saving aspect is highly valued by users. Overall, Wdesk has proven to be a reliable solution that enhances collaboration, simplifies data management, and empowers teams to deliver accurate and timely financial reports.