Wintrust's favorite Wdesk for DFAST features

 

Transcript

Some of the attributes Wdesk offers is the linking. Making sure that all the data you want tied into different documents are linked together. A perfect example would be something like the capital plan. We have a governance committee that oversees that, and the numbers are approved and signed off. Now, once the numbers are approved and signed off, we need to make sure that those are the numbers that get presented in our submission document. The whole linking gives a good comfort level to make sure that OK, this is the number that got approved, my document is not out of sync, my submission document in FY16 is not out of sync, and that is the number that is actually flowing through that document. So, that is the comfort that you get.

The other great functionality feature that Wdesk has to offer is that multiple people can work in the same document at the same time. It is an amazing feature because, overall, I think I have about 60 people involved in the DFAST process and every section has an owner. So each person is responsible to update their own section. Allowing multiple people to work in the same document at the same time is an amazing feature.

There is another feature I am a big fan of which is syncing. We use a software to double up our model results, and the results from that software can be synced directly into Workiva, and it’s all with a click of a button. Those are some of the very key features that I value in Wdesk.

A couple of other things that come to my mind are the workflow, the approval, the blackline version, and the linking. With the audit trail, when was what updated, you can clearly see. You are allowed to leave comments in the document and then actually assign the comment to someone and send an email directly through Workiva to have them look at what you’re asking for, versus picking up a phone or sending and external email and then later on following up. So, those are some of the key features that I really like in Wdesk.

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