The Irish Accountancy Awards Recognizes Workiva’s Global Statutory Reporting Solution as the Most Effective Use of Technology
LONDON - 23 November, 2020 - Workiva Inc. (NYSE:WK), the company that simplifies complex work, has won the 2020 Irish Accountancy Award for Best Use of Technology in Accountancy and Finance. The Workiva platform was recognized for helping global financial technology company Fexco streamline its global statutory reporting.
“We are honored to be recognized by the Irish Accountancy Awards,” said Workiva Chief Operating Officer Julie Iskow. “Our global statutory reporting solution enhances collaboration and improves efficiency across globally disparate entities, and drives the standardization and consistency required to transform business processes and meet the increasing demands of regulators.”
Global statutory reporting is a highly complex and mandatory process for satisfying country-specific reporting requirements to regulatory bodies and tax authorities. Multinational companies are centralizing this process using the Workiva platform to gather, organize, review, and submit financial and non-financial information with improved efficiency and transparency. The Workiva platform ensures compliance across jurisdictions and enables users to be consistent in how they are disclosing operations globally.
Fexco, which processes more than €14 billion in annual transactions across its 35 legal entities in 29 countries, used the Workiva platform to transform and simplify its global statutory reporting process.
With Workiva, Fexco connects and manages data from multiple enterprise resource planning (ERP) systems and consolidates it in a single, cloud environment with transparency and accountability. The platform’s workflow and tasking features further streamline the entire process, enhancing collaboration and work relations among functional teams, considerably reducing the hours needed to complete the report, and leaving more time to focus on higher value-add activities. Fexco saw improvements in the efficiency of its staff and increased trust and confidence in their statutory financial statements.
To learn more about how Fexco leveraged the Workiva platform to gain confidence in their statutory financial statements, click here.
About The Awards
The Irish Accountancy Awards recognize and celebrate excellence in the accountancy profession in Ireland over the past 12 months.
Workiva Inc. (NYSE: WK) simplifies complex work for thousands of organizations worldwide. Customers trust Workiva’s open, intelligent and intuitive platform to connect data, documents and teams. The results: improved efficiency, greater transparency and less risk.
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