- Why Wdesk
Ultimate Software SEC Reporting Testimonial
Craig Ettelman, Senior Accountant – Financial Reporting: We’re filing the 10-Q, the 10-K, our press releases, the proxy statement, and we recently started doing the Section 16 reporting as well. I’ve really been able to see how useful the tool can be. I don’t know if any company really fully utilizes Wdesk yet. I know even since last year we’ve greatly increased our utilization of linking. Not just linking numbers but linking up text as well. Using formulas when a number is negative and to have gain or loss, the wording, change in front of it instead of just the number change with an unlinked text in front of it that’s stale.
We’ve really increased the quality of our linking in the document, getting it much more consistent through our various documents. Getting better use of our single source workbook to really be more consistent. We’ve really increased a lot of the efficiencies through better utilizing Wdesk. The ability to link is really a difference maker.
The tool itself is very intuitive. It’s very comfortable, it is similar to Excel with a worksheet and then you have a text document behind it pretty much with your 10-Q or 10-K document, it’s just natural. There isn’t much learning curve and when you have questions or thoughts of what you want to do you can. Our CSMs have been great. I reach out to them and it seems like they are working 24/7.
The product doesn't seem to have any limitations. What you see at the end of the day is just a flat document, but what goes into that with the linking, the collaboration, the comment features, the sharing features, the reviews, the blacklines, and the history. There's so much to it that it’s going to make their life a lot more efficient and increase their work-life balance which is a big factor.