Western Technology Investment Testimonial

 

Transcript

When we started Web Filings, we had initially done it just for the XBRL benefit knowing down the line that it was gonna be a pain point for us. But what we’ve liked so far about it, we haven’t even gotten into the… into working with the XBRL, but what we like about it already is the fact that it stores historic data so that we have less chance of an error and a lot less manual process, and we really like that about the software.

We have multiple CIKs that we need to file each quarter and what we really like about Web Filings is the fact that they have easy file structures that are similar to the standard type file structures that we’re used to seeing. We used to use embedded spreadsheets into our filings, and the Edgarization process wouldn’t allow us to actually use those embedded sheets. Instead, it would make us go ahead and reimport those into a… into a file and I was always concerned that something might happen to get the wrong spreadsheet or the wrong company and we had to take special care each time to make sure that that didn’t happen.

The thing that I like about WebFiling the most is that that can’t happen because of the type of file structure that they use. And that the files that we have have check figures and make sure that everything checks before they actually file. And the thing that I was most afraid of in the past can’t happen now.

We have multiple CIKs that we need to file each quarter and what we really like about Web Filings is the fact that they have easy file structures that are similar to the standard type file structures that we’re used to seeing. We used to use embedded spreadsheets into our filings, and the Edgarization process wouldn’t allow us to actually use those embedded sheets. Instead, it would make us go ahead and reimport those into a… into a file and I was always concerned that something might happen to get the wrong spreadsheet or the wrong company and we had to take special care each time to make sure that that didn’t happen.

The thing that I like about WebFiling the most is that that can’t happen because of the type of file structure that they use. And that the files that we have have check figures and make sure that everything checks before they actually file. And the thing that I was most afraid of in the past can’t happen now.

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