Workiva Helps MFA Cornerstone Consulting Increase Efficiencies in SOX Processes
Consulting Firm Saves Time by Using Wdesk to Improve Collaboration and Accountability in Clients’ Business and IT Processes
Ames, IA - December 20, 2016 -Workiva (NYSE:WK), a leading provider of enterprise cloud solutions for improving productivity, accountability and insight into business data, announces that the Massachusetts-based firm, MFA Cornerstone Consulting, uses Wdesk to help its clients streamline collaboration and improve compliance efficiency.
MFA Cornerstone Consulting, which provides comprehensive business, performance and controls, and IT consulting, quickly gained efficiencies as it rolled out Wdesk to help its clients implement and maintain internal controls as well as comply with the Sarbanes-Oxley Act (SOX). Wdesk is also helping MFA Cornerstone Consulting's clients incorporate internal audit into their compliance and reporting processes.
“Before Wdesk, we were building one spreadsheet at a time,” said Michelle Mackey, Managing Director of the Performance and Controls Practice at MFA Cornerstone Consulting. “Tracking and formatting data used to be cumbersome. We had to manually change everything all over the place.”
Wdesk enables MFA Cornerstone Consulting to synchronize its clients’ data and provide a full audit trail of every change by every collaborator. By using Wdesk, the Firm's report turnaround times have dropped from months to weeks.
“Our situation is unique because we have many different clients with different needs,” said Michael Asselin, a Senior Consultant at MFA Cornerstone Consulting. “Having Wdesk, especially the data linking, has saved us an incredible amount of administrative time. And each time we sign a new client or create a new project, we use our Wdesk template. That way everything is consistent and looks professional.”
“One of my favorite things about Wdesk is that it allows us to collaborate as a group,” said Mackey. Mackey and her team embed their comments and reviews in their Wdesk documents, which has eliminated time-consuming emails and rolling versions. “Everyone can see the flow of the document at once. It also provides a better training process for newer employees because they are able to see the corrections and comments along the way.”
“With Wdesk, we have been able to streamline our processes and in turn, help our clients gain greater value due to the efficiencies that we have generated toward their compliance initiatives,” said Mackey.
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.
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About MFA Cornerstone Consulting
MFA Cornerstone Consulting, LLC provides proven, pragmatic business advice that enables clients to better understand and strengthen their organization. Through its Performance & Controls, IT Advisory, Valuation, and Litigation Support Practices, MFA Cornerstone Consulting helps clients optimize performance, control risk, and appropriately assess the value of their enterprise. MFA Cornerstone Consulting, LLC is a subsidiary of MFA - Moody, Famiglietti & Andronico LLP (www.mfa-cpa.com).
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