Wdesk - Harness the Power
October 17, 2017
Wdesk - Harness the Power
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Wdesk
I have been using Wdesk for SEC filings and just recently, involving other groups such as Treasury and Legal to use for their own unique filings such as registration related documents, conflict minerals, proxy etc, . The primary focus is SEC filings but with the recent implementation of Certifications, we are expanding the use of Wdesk in other areas, slowly but surely. Our goal is to expand the use of the Wdesk platform for other important functions such as SOX.
- Data integrity, Using work books to source the same data into various sections of a document is the best feature of Wdesk. The excel like feel of a workbook only makes it even more simple in its use.
- Formatting the document to make it printer friendly is a cinch. The final printed product is very sleek and printer friendly.
- I use Data collection feature which lets other groups populate different sections of the document for which they have responsibility. For instance, the Treasury group fills out all debt related information. The Stock compensation related information is filled by the controller's group, etc.
- Customer Service is one of the best features of Wdesk. Support is right here in the USA and I always can count on my Customer Success Manager or in his absence, any other person, from their team, to provide solution when I am in a bind.
- While I have been using Data Collection for a few quarters now, I still find it a bit of a hit or miss in that templates don't seem to roll seamlessly. I always have some issues which seem to require an override of sorts.
- I have also been using the Support Binder feature and while it serves the purpose, I think it can be polished.
- We have not quantified the ROI but we have definitely saved money and time by switching to Wdesk.
- By integrating other things we do currently outside of Wdesk, like SOX, we can reap better benefits.
- We currently use a third party tool for Form 4s etc and this too could be brought into the Wdesk fold.
We moved from a third party filer to doing it in house. Have seen demos of products like Active Disclosure, which has come a long way from the beta version I saw and but we are not too far gone with Wdesk for us to evaluate other products.
When we first signed up with Webfilings, (former name of Workiva), there were no viable products in the market. I had seen an Oracle product and a beta version of Active Disclosure. It was not hard to see the ease and intuitive-screens, to guide one through the filing process. The excel-like spreadsheets were an added bonus.
When we first signed up with Webfilings, (former name of Workiva), there were no viable products in the market. I had seen an Oracle product and a beta version of Active Disclosure. It was not hard to see the ease and intuitive-screens, to guide one through the filing process. The excel-like spreadsheets were an added bonus.