TiVo Fast-Forwards Through XBRL Tagging
TiVo revolutionized the way its customers watched TV by giving them the freedom to watch anything, anytime, anyplace. A company giving that level of control to its customers was bound to want more control over its own SEC reporting process. “When I saw Wdesk, the lights just went on,” says Phyllis Mesec, Senior Director of External Reporting at TiVo. “I was so excited because it just made sense to me.” Until that point, TiVo had used an outside vendor to format, XBRL tag, and file SEC reports.
“Our printer was taking a full week for the tagging,” says Sheryl Andersen, Director of SEC Reporting at TiVo. “I felt like I was sacrificing the quality of my document so we could get XBRL tagging done.” The first big test of the new reporting system came when TiVo’s management employed a business strategy that would require filing the 10-K early—within a matter of weeks.
However, Andersen’s team had no worries, and Wdesk helped make it happen. “With our printer that would have been impossible,” says Mesec. See how TiVo has since utilized the flexibility of Wdesk in other departments, and find out what Andersen says about how the new process has improved workplace relationships. Click here for the full story. Join us March 28 for a webinar featuring TiVo! Sheryl Andersen, Director of SEC Reporting at TiVo, will discuss her experience with WebFilings. Hear about TiVo's transition to WebFilings and get the chance to ask your questions. Andersen will reveal insights to TiVo’s pain points before using WebFilings, the buying process, and the benefits they now have.