Top 5 Reasons to Start with a 10-K

October 23, 2012
Create the right reporting rhythm from the beginning. Start with a 10-K. With WebFilings, starting with a K will streamline your reporting for the remainder of the year—saving time now and later. By creating a solid foundation for organization, your reporting team will be ready for the most efficient and streamlined filing season you've ever experienced. **Top 5 Reasons to Start with a 10-K** **1: Even Out Your Workload** The work you do on your 10-K now will carry over to your 10-Qs. Companies that go through the heavy lifting in their 10-K have only realized greater time savings leading into the next quarter filing. **2: Time Savings** Reduce the chance for subsequent events with your year-end reporting and collaborate with your colleagues in real-time to speed up manual reporting processes. Faster drafting enables you to spend more time on mission critical events in your reporting process.

By using Wdesk, we saved 300 hours of time preparing our 10-K and we shaved two to three days off our filing time.

Mary Anne Wingert

Senior Manager of Financial Reporting, Black Hills Corp.

I tell peers that Wdesk is going to save you so much time, you won't know how you lived without it. In fact, I refuse to go back to the way we did SEC reporting before adopting Wdesk.

David Garrison

Executive Vice President and Chief Financial Officer, Arrythmia Research Technologies

**3: A Stronger Foundation** Your dedicated WebFilings Customer Success Manager becomes a trusted extension of your team, enabling you to make one direct call for support.

They have provided THE BEST customer service I have ever received from any service provider. I truly do feel that we are part of a close team working toward a common goal. It doesn't matter if it's a weekday, weekend, or 11:30 at night; they're there to help.

Trista Muse

Manager, Investor Relations and Financial Reporting, Tupperware Brands

**4: EDGAR and XBRL are Always in Sync-No More Pencils Down!** With Wdesk, EDGAR and XBRL become integrated into your process. No need to wait for a third party to EDGARize your document. No need to wait for XBRL tags to come back for review, only to notice they need to be changed yet again.

As someone who likes to be in control, I enjoyed making a change and having it reflected in my working document, EDGAR document, and XBRL file, and not having to wait for the changes to be returned from the printer.

Tereasa Boland

Assistant Controller, Financial Reporting, Crawford Company

... being able to make last minute changes so effortlessly reduces the stress around filing time.

Chad Leonard

VP/Controller, Washington Federa

**5: Reduced Cost and Risk-Increased Accuracy and Control** Many companies have not only realized time savings with WebFilings, but significant cost savings have been realized as well.

With Wdesk, by filing and handling XBRL internally, we're saving around $75,000 a year on SEC reporting cost.

Kim Winter

Vice President, Financial Reporting, Colonial Properties Trust

With WebFilings, we have much more control of the process than we did before. And, with a single source of data, we have less chance for errors.

Jeff Symes

VP and Controller, FelCor Lodging Trust

If you haven't already made the switch to Wdesk, now is the time. The enhancements you will gain with Wdesk will help you get your 10-K filed faster and with more accuracy. There is no hardware to install and it's familiar and intuitive interface will have you moving through the application in no time. Contact WebFilings today and start with a 10-K.
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.