Case Study: Wells Fargo achieves streamlined, audit‑ready 10Q/10K footnote disclosures with Vena Solutions

How Vena improved Wells Fargo’s footnote disclosure management for their 10Q and 10K filings

Wells Fargo, one of the largest banks in the U.S., was manually creating, distributing, collecting and consolidating Excel templates from multiple business groups to manage footnote disclosures for 10‑Q and 10‑K filings. The process generated dozens of daily emails, caused version‑control issues and lost information, made status tracking dependent on calls and emails, and lacked an audit trail to identify or revert spreadsheet changes.

Vena provided a central data repository, automated template and formula updates, formal workflow and task‑assignment capabilities, automated notifications, consolidated reporting and a detailed timestamped audit trail with rollback. This eliminated error‑prone manual work, created a single source of truth, smoothed the reporting process and increased Wells Fargo’s confidence in the accuracy of its SEC filings.

Wells Fargo