Meredith Expands Use of Wdesk Across Teams

 

Transcript

Meredith started using Wdesk as just an SEC filer, but what we've been able to do over the years is start using the Wdesk platform for a lot of different use cases. We use it for our investor relations function. We use it for SEC reporting—the core where we started—and then we've also moved into using the data collection as well as using the SOX database, which is really new to us and we're very excited about.

The day I started, the director of financial reporting brought me into her office. She was showing me Wdesk and how she used it in the SEC reporting, and it was just so intuitive to me. "Oh, well this number comes from there, so it feeds to this many footnotes, so yeah, it should be linked." So you make sure it's the same number across the whole document.

Because a lot of times you would always be chasing around a single dollar rounding error throughout a whole report, and you could spend hours on that trying to help the client make sure that every number matched throughout the whole document.

We don't have that problem with Wdesk. You change it one place—it's linked throughout the document. It doesn't matter if you change it in the single source of truth, the workbook—it feeds the whole document. You don't have to chase that one dollar rounding error throughout the document.

It was just—a real light bulb went on.

The day I started, the director of financial reporting brought me into her office. She was showing me Wdesk and how she used it in the SEC reporting, and it was just so intuitive to me. "Oh, well this number comes from there, so it feeds to this many footnotes, so yeah, it should be linked." So you make sure it's the same number across the whole document.

Because a lot of times you would always be chasing around a single dollar rounding error throughout a whole report, and you could spend hours on that trying to help the client make sure that every number matched throughout the whole document.

We don't have that problem with Wdesk. You change it one place—it's linked throughout the document. It doesn't matter if you change it in the single source of truth, the workbook—it feeds the whole document. You don't have to chase that one dollar rounding error throughout the document.

It was just—a real light bulb went on.

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