Case Study: a clean energy firm streamlines reporting and audit season with Workiva

Clean Energy Firm streamlines 80 financings and 200+ projects with Workiva

The customer, a clean energy firm, faced significant challenges in its financial reporting processes due to a high volume of financings for its energy projects. This led to an overwhelming audit season with issues of version control, inconsistent formatting, and manual data reconciliation, which buried the accounting team. To address this, the firm partnered with Workiva, utilizing its connected reporting platform for internal management reporting to gain control and standardize its work.

Workiva's solution provided templates for standardization, controlled user permissions, automated data syncing, and custom calculation checks. This enabled the firm's auditors to enter comments electronically, eliminating inefficiencies like deciphering handwritten notes. The results were transformative; the highly trained accounting and finance teams saved a huge amount of time, allowing them to focus on valuable analytics and support more financings per controller without adding staff. Workiva empowered the team to act as effective financial stewards of the company's assets.

Clean Energy Firm