Start with a 10-K - Tanger Factory Outlets Did!
Retail giant, Tanger Factory Outlets, wanted to handle all SEC report development and filing processes—including XBRL tagging—in house, but the company’s reporting software did not provide the capacity or control they needed.
I didn't want to rely on sending out last minute changes to a third party and hope they would get them done on time.
— Jim Williams, Senior Vice President and Controller
After a disappointing XBRL tagging experience with another software vendor, Jim knew there had to be a better option. Tanger turned to WebFilings. The Tanger financial team was impressed during the Wdesk demo by the solution’s functionality, XBRL capability, and the approachable interface.
I liked the fact that the report was instantly EDGARized so there was nothing else you had to do. With the wizard and the way Wdesk works, it’s extremely easy to do XBRL tagging once you get the hang of it.
— Tom Guerrieri, Vice President of Financial Reporting
The decision was made to work with Wdesk for complete in-house control of every facet of SEC report development. While Jim and Tom agreed the cloud-based solution gave them the control they were looking for, they still had concerns. With the transition occurring in December 2010 just as Tanger’s 10-K was due, would Wdesk be able to deliver? See how Tanger approached their first filing and find out what advice Tom would give about starting with a 10-K. Click here for the full story.
About the Author
Mitz Banarjee is the Executive Vice President and Chief Customer Officer. Over the past 20 years, he has been heavily involved with technology companies of all sizes at an operational level driving customer satisfaction and customer loyalty.