Wdesk: A Boost to Employee Morale
It’s no secret that the Wdesk External Reporting Solution can help reduce the time, risks, and costs associated with the compliance reporting process. But our latest case study, which features FBL Financial Group, Inc. from West Des Moines, Iowa, reveals that it can also give a boost to employee morale.
At crunch time during SEC reporting periods, it was not uncommon for members of the filing team at FBL to work long hours—sometimes until 3 a.m.—to complete and file reports. The management team was actively trying to change that fact by engaging in a financial process improvement initiative to identify efficiencies and implement changes that would improve the work/life balance for employees. A key area of focus was on how to streamline SEC report development and compress the document change cycle. After adopting the Wdesk solution, not only have their processes improved, so has the work/life balance for their employees.
The Wdesk single document datamodel feature allowed the whole reporting team—n this case up to 12 simultaneous users—to draft, edit, and review the report at the same time. The team also benefited from the solution’s extensive linking capabilities, which uses a source workbook to enable data and text changes with multiple usages to be automatically updated. And the ability of Wdesk to instantly convert to EDGAR HTML (in addition to .pdf and Microsoft Word formats) helped save the team at least two days at the end of the process.
“Wdesk really did what we expected it would do and helped us reach our goal of a better work/life balance,” noted Danielle Kuhn, Accounting Vice President of FBL Financial Group, Inc.
Click here to see the FBL Financial Group, Inc. case study and read how they achieved a better work/life balance for their employees using the Wdesk External Reporting Solution.