"I don't think you can do it without using a product like the Workiva platform. We went public with an Up-C corporate structure, and I don’t know how you would do it in a traditional model and meet your deadline."
"Before Workiva, we were coming in on nights and weekends to implement last-minute changes. With Workiva, we rarely need to."
"With Workiva, we have much more transparency and trust with our data. The consistency and integrity of the data is guaranteed throughout the reports, and this is a big benefit for us. It’s amazing to work with Workiva. It’s just a tremendous platform."
"The team always noted how inefficient it was to perform testing. They would have to use a Word or an Excel file out of the software, make edits to it, and re-upload it. There were so many steps just to make minor changes in testing."
"Before Workiva, the entire process was more painful, time-consuming and costly. Version control, paper trail and collaboration were major issues in our financial reporting process, and we were relying on a manual risk and controls matrix with no consolidated documentation."
"All it takes is one mistake and we lose the integrity of our entire presentation."
“If the PCAOB, auditing, and regulations continue to evolve, I can now evolve with them.”
"We have to constantly reassess our risk profile to identify any emerging risks or changes in our risk profile throughout our fiscal year, and the Workiva platform allows us to update, amend, and capture additional data points within our control environment in a real-time way."
"We’ve really had this mindset around seeing finance as transformation leaders and how we achieve transformation through tools like Workiva."
“My advice, if I could boil it down to two things, it’s the change management piece,” she said, “but it's also about the continuous enhancement and elevation of the team.”
"For the MD&A, variances in any of the discussions would have been done manually. We would have to calculate what the change was from the prior year, what the percentage change was, and whether it was an increase or decrease. If any data was on the financial statement and MD&A, that would require a manual check. We would print off two versions and put them side by side and just tick and tie that way."
"It’s as if we’ve upgraded from a manual typewriter to a state-of-the-art computer. Because of Workiva’s user-friendly interface and comprehensive capabilities, we can now seamlessly integrate data, collaborate efficiently, and ensure data accuracy, making financial report preparation a breeze."
“By doing the transformation, we are better controlled and have become much more agile. We are able to understand our performance a lot quicker, react to it and drive our decision-making.”
“Without Workiva, it’s really a nightmare, especially when under a tight deadline with last minute comments—you become the bottleneck if you’re unable to turnaround the document."
“We can go home early or choose to work from home so we can spend time with our families and just click the button to file when all is ready. No matter where we are—Seattle, Taiwan or the West or East coast of the US—we can work together with Workiva."