Two Energy Companies Search for Filing Efficiencies and Discover WebFilings

November 7, 2011
The challenges of discovering and marketing petroleum are unique to the energy industry, but companies that are publicly held like Black Hills Corporation and Eagle Rock Energy Partners also know the pain of filing government required financial reports. Located in Rapid City, South Dakota, Black Hills Corporation's diverse energy business requires filing a complex series of financial reports to satisfy its SEC requirements. That's why in early 2010 when they chose to subscribe to Wdesk they found the needed solution for streamlining their filing challenges. In Houston, Texas, Eagle Rock Energy Partners keeps control of its public filings and enjoys the cloud-based efficiencies of using a Wdesk collaborative document. Revolutionizing their SEC reporting process with Wdesk, these two energy companies have both experienced a more efficient and accurate review process. In early 2010, Black Hills Corporation revolutionized their manual SEC report development by implementing Wdesk - and their financial reporting team immediately experienced the benefits. “By using Wdesk we saved 300 hours of time preparing our 10-K and we shaved 2-3 days off our filing time,” says Mary Anne Wingert, Senior Manager of Financial Reporting. Larry Thuillier, Eagle Rock's Vice President Financial Reporting, values maintaining control of his company's SEC reporting process. “With Wdesk we can do almost everything around filing ourselves-the solution is easy to use.” Evident of that ease of use, Eagle Rock filed a 10-Q just three days after beginning their Wdesk subscription. Read the complete case study, "Black Hills Saves Hundreds of Hours on 10-K Using Wdesk" to learn how just nine months after receiving training, Black Hills Corporation's financial team was able to expand use of the solution to three other departments and to a series of non-SEC reporting functions. To learn more about the accurate format review process they have experienced over consecutive quarters, read the complete case study “Eagle Rock Energy and Wdesk: It's All About Control.”
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.