Filings Made Easy Utilizing the SEC Reporting Solution

December 15, 2011
Filing accurately and on time with the SEC is critical to your company...and to your career. Whether you're a CFO, controller, or external financial reporting manager, both your personal and your company's reputations depend upon the accurate and up-to-date financial statements you file with the SEC. Those who work with the financials on a daily basis know that preparing financial statements to file with the SEC is stressful enough without having to juggle 11th hour changes to your documents. Companies that do not utilize a built-in application like Wdesk External Reporting Solution, are at the mercy of their service provider to help manage and file their EDGAR HTML, XBRL exhibits, and other financial documents. Working back and forth with a service provider until the financial documents are accurate and ready to file is cumbersome enough without having to deal with an imposed pencils down period. In addition, companies are often placed in a queue by external service providers to make last-minute changes to their financial documents and to file with the SEC. External business reporting teams face many difficult, stressful situations when it's time to file and find themselves asking:
  • What happens if our CFO calls at the last-minute requesting a numeric or text change to our financial documents?
  • Do we have enough time to edit, review and approve those financial documents before filing or will we have to file an amendment?
  • What if the audit committee meeting produces a required change?
  • How do I ensure that I have the ability to make the change and still file when we are required?
  • How can I ensure that my financial documents are filed accurately and on time?
  • Can we file on a particular day and time that we determine?
Using the Wdesk External Reporting Solution, filing with the SEC can be completed through a simple six-step process. The External Reporting Solution uses a filing wizard which walks customers through the filing process, validating their financial documents along the way to ensure they are filed accurately. Even though WebFilings customers are given the control over when they want to file, which takes approximately 10 minutes from start to finish, they aren't alone in the process. Each customer has a dedicated Customer Success Manager to help them file accurately and on time with the SEC. “Not only has the solution exceeded our expectation, but the customer service support as well,” said Jill Jeranko, SEC Reporting Manager at Skilled Healthcare Group. “Every question we've had has been answered in a timely manner. They treat everyone as if you're their #1 customer, which definitely lacks at other filing companies.” “Wdesk is efficient, cost effective, advanced, and makes the entire SEC filing process flow seamless,” continued Jeranko. “If you're not currently using Wdesk for your SEC filings, you're definitely missing out.” Want to see our SEC reporting solution in action? Watch a short demonstration. If you're ready to schedule a personalized demonstration for your company, please contact us to schedule a demo.
Mike Sellberg

About the author

Mike Sellberg is Executive Vice President and Chief Product Officer at Workiva. He is the former EVP and CTO at iMed Studios and the former Divisional General Manager at Engineering Animation, Inc.