NXP Semiconductors Expands Global Use of the Workiva Platform to Gain Efficiencies and Reduce Risk
AMSTERDAM - 27 February, 2020 -- Workiva (NYSE:WK), provider of the world’s leading connected reporting and compliance platform, today announces that Netherlands-based NXP Semiconductors uses the Workiva platform to streamline filings with the U.S. Securities and Exchange Commission and to modernize its Sarbanes Oxley Act (SOX) processes.
“We use the Workiva platform to save time in our reporting processes and create efficiencies across our entire finance organization,” said Bryan Moiles, Assistant Corporate Controller at NXP. “We have teams in the Netherlands and the U.S., and the Workiva platform is the only solution that allows me to run a 24-hour clock where I don't have to worry about version control.”
With Workiva, Moiles and his team create automatic updates, track every change and seamlessly collaborate with colleagues around the world in real time to create trusted reports and regulatory filings.
“The Workiva platform is our one source of truth for all our reports,” said Moiles. “Because everything is linked together, we can turn things around a lot quicker if we get last-minute changes.”
With Workiva, NXP links their SOX risk-control matrix, process narratives and flowcharts and creates a streamlined workflow for team members and other approvers directly in their documents and reports. “Workiva makes it so easy to interact; our teams are more motivated to go in and get things done,” said Harris.
Moiles and his team plan to explore more uses for Workiva. In late 2019, NXP switched from filing as a Foreign Private Issuer to a U.S. domestic filer. "We have new documents to create. We still have to complete a statutory set of financial statements for local jurisdictions and we have new deadlines to meet,” said Moiles. “The Workiva platform is helping us achieve that timeline.”
“My ultimate goal is to make my department better business partners,” added Moiles. “I’m really excited about how we can grow our finance organization with Workiva.”
Workiva, the leading cloud provider of connected data, reporting and compliance solutions, is used by thousands of enterprises across 180 countries, including more than 75 percent of Fortune 500® companies, and by government agencies. Our customers have linked over five billion data elements to trust their data, reduce risk and save time. For more information about Workiva (NYSE:WK), please visit workiva.com.
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