Workiva Helps Integrated DNA Technologies Develop Sarbanes-Oxley Act Controls
Private biotechnology company uses Wdesk to link data and build internal controls across its global enterprise
Ames, IA – June 7, 2016 -Workiva (NYSE:WK), creator of the Wdesk cloud-based productivity platform for enterprises, today announced that Integrated DNA Technologies, Inc. (IDT) uses Wdesk to link data and build internal controls across its global enterprise to comply with the Sarbanes-Oxley Act (SOX).
“We began working toward SOX compliance, even though we were not required to do so as a private company,” said Todd Sarbaugh, Controls and Accounting Manager at IDT. “We want to provide financial transparency for our board and auditors.”
Sarbaugh knows that legacy word-processing and spreadsheet software lack the user-access, control and automation features he needs, so he built everything in Wdesk from the start. “Wdesk has been great for combining our risk and control matrices and flow charts in one place, which keeps our data consistent and up-to-date,” he said.
“The dynamic capabilities of linking data across multiple files and document types – not only from a control perspective but all the way into presentations and dashboards – have helped us save a lot of time and reduce errors,” said Sarbaugh. “If we were to try to accomplish these tasks with individual spreadsheets, it would have taken an exponentially longer amount of time to get the level of coherent, dynamic transparency that we needed,” he added. “Wdesk had all of the things we wanted already built into it.”
“Wdesk allows my files to speak to each other,” explained Sarbaugh. “I only have to change something once versus having to change that data in several different places within multiple spreadsheets. That’s really where the time-savings comes into play, especially on the continuous maintenance of the SOX environment. I now have more time to educate my colleagues about SOX and get more people involved in the process,” he added.
“For private companies that want to do internal controls the right way, and get the benefit of what control compliance is supposed to provide, they should use Wdesk,” said Sarbaugh.
Workiva (NYSE:WK) created Wdesk, a cloud-based productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. Thousands of organizations, including over 65 percent of the Fortune 500®, use Wdesk. The platform’s proprietary word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail. Wdesk helps mitigate enterprise risk, improve productivity and give users confidence to make decisions with real-time data. Workiva employs more than 1,200 people with offices in 16 cities. The company is headquartered in Ames, Iowa.
Integrated DNA Technologies, Inc. (IDT), the global leader in nucleic acid synthesis, serving all areas of life sciences research and development, offers products for a broad range of genomic applications. IDT’s primary business is the production of custom, synthetic nucleic acids for molecular biology applications, including qPCR, next generation sequencing, synthetic biology, and functional genomics. With manufacturing facilities in the United States, Belgium, and Singapore, IDT synthesizes more than 55,000 custom oligonucleotides per day for over 85,000 customers worldwide. For more information, visit www.idtdna.com and follow us on twitter @idtdna.
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