Workiva and Business Wire Help Customers Reduce Risk in Disclosure Process With Secure Data Transfer
Chatham Lodging Trust, Bank of Marin, Lithia Motors and LCNB Among Companies Improving Efficiency and Security in the Regulatory Reporting Process
AMES, Iowa - September 18, 2017 – Workiva (NYSE:WK), a leading provider of solutions for enterprise productivity, and Business Wire, the global leader in press release distribution and regulatory disclosure, today announced that Chatham Lodging Trust, Bank of Marin, Lithia Motors, Inc. and LCNB Corp. are among the numerous companies that use Wdesk to securely submit earnings press releases and other financial disclosures directly to Business Wire through a secure, file-transfer process.
“Wdesk is the only platform that offers companies the ability to submit their financial press release data directly to Business Wire through a secure, file-transfer portal,” said Matt Rizai, Chairman and CEO of Workiva. “Our customers no longer have to take the risk of emailing their material, nonpublic information to third parties for submission to wire services, which improves security and reduces the chance for errors.
Chatham Lodging Trust (NYSE:CLDT), a real estate investment trust, is among the Workiva and Business Wire customers that have used the secure, data-transfer process for financial press releases multiple times.
Before Chatham started using the Wdesk and Business Wire integration, they submitted their earnings and monthly dividend press releases to a third party that submitted it to Business Wire. “Now I manage the process from beginning to end,” said Michelle Marlowe, Vice President and Controller at Chatham Lodging Trust. “I know what I submit from Wdesk is the final version that will publish, and I don’t have to check everything twice.”
“Hitting deadlines and keeping sensitive financial data secure is essential to our customers,” said Richard DeLeo, Chief Operating Officer at Business Wire. “Our partnership with Workiva reduces risk in the reporting process and further strengthens Business Wire’s trusted and recognized disclosure services.”
Workiva (NYSE:WK) delivers Wdesk, an intuitive cloud platform that modernizes how people work within thousands of organizations, including over 70 percent of the FORTUNE 500®. Wdesk is built upon a data management engine, offering controlled collaboration, data integration, granular permissions and a full audit trail. Wdesk helps mitigate risk, improves productivity and gives users confidence in their data-driven decisions. Workiva employs more than 1,200 people with offices in 16 cities. The company is headquartered in Ames, Iowa.
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About Business Wire
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire to accurately distribute market-moving news and multimedia, host online newsrooms and IR websites, build content marketing platforms, generate social engagements and provide audience analysis that improves interaction with specified target markets. Founded in 1961, Business Wire is a trusted source for news organizations, journalists, investment professionals and regulatory authorities, delivering news directly into editorial systems and leading online news sources via its multi-patented simultaneous NX Network. Business Wire has 29 offices worldwide to securely meet the varying needs of communications professionals and news consumers. Learn more at services.BusinessWire.com and Tempo, the Business Wire resource for industry trends; follow updates on Twitter: @businesswire or on Facebook.
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