Case Study: Challenger Limited accelerates finance transformation with Workiva

Challenger Limited saves a week in annual reporting with Workiva

Challenger Limited, an ASX-listed investment management company, faced significant challenges with its manual and time-consuming financial reporting processes. These disconnected methods, which relied heavily on Microsoft Excel and Word, created risks of errors and inconsistencies across its nearly 300 entities. To accelerate its finance transformation, Challenger chose to implement the Workiva platform for its financial reporting needs.

By implementing Workiva's integrated reporting solution, Challenger connected data directly to its source systems, automating updates and streamlining reviews. This solution from Workiva saved the finance team a full week during the annual reporting process and a full day each month on management and board reporting. The platform also enhanced the review process with auditors, reduced risk, and eliminated version control issues, allowing the team to focus on strategic initiatives instead of manual tasks.

Challenger Limited