WebFilings and MRV Communications - A Life Changing Experience

March 13, 2012
Like many corporate financial professionals, Blima Tuller, VP Finance at MRV Communications, was challenged by the responsibilities of managing audits, reviewing subsidiary reports, consolidating those results, and—preparing SEC filings. So when she watched a Wdesk demo and saw a way to streamline her SEC reporting responsibilities and improve the efficiencies of her department, she said, “This is going to change my life. This will revolutionize what I do.” And it has. Tuller is no longer dependent on the schedule of an outside financial printer to convert files, and the time savings achieved in the EDGARizing process has allowed her to continually beat MRV’s internal deadlines. Along with the filing efficiencies of the External Reporting Solution, MRV has been supported by WebFilings Professional Services for their XBRL tagging, with Tuller noting that “The process was much less complicated than I expected it to be.” The bottom line is MRV’s investment in Wdesk has paid off. According to Tuller, “With Wdesk, we’ve saved about $120,000 annually on personnel and third party printer costs, and we’ve cut literally hundreds of hours out of our reporting process.” Tuller would also identify that MRV has contributed to her own work/life balance scenario. Click here to read how the Wdesk solution allowed her to complete a SEC filing off-site at a hospital during a family emergency.
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.