Improving the "Last Mile OF Finance"

February 6, 2013
A Deloitte Insights’ article from The Wall Street Journal, “Automating the Last Mile of Finance,” explains why many companies have started using financial close applications to increase efficiency and improve the overall filing process during this hectic, deadline-driven time. Kyle Cheney, a partner with Deloitte and Touche LLP, says, “These are often mundane but important tasks. If you can automate them, you may be able to free people up to focus on analysis and creating more value for the business.” The article states using an automated application to meet Last Mile deadlines reduces process costs, stress, and chance for error. However, simply installing a piece of software won’t solve all close to report problems. Support, ongoing education, and training are all important factors in making the transition successful. Does this sound familiar to you and your reporting team? The financial reporting solutions from WebFilings offer a variety of collaborative features, support, and educational opportunities to dramatically increase efficiency. With 100 percent customer satisfaction and the dedication to meet individual customer’s needs, WebFilings alleviates the pressures associated with the Last Mile of Finance in a real, systemic way. A manager of SEC Reporting and Risk Management at an energy and utilities company and WebFilings customer says, “It was easy to start using WebFilings for our 10-K. Our Customer Success Manager was such a great help the whole time. She walked me through everything.” See how each one of our solutions can help improve your Last Mile here. To read the entire article and see the benefits of transforming your Last Mile process, click here.
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.