Case Study: Coca-Cola FEMSA unifies reporting and cuts reporting time by up to 50% with Workiva

Coca-Cola FEMSA cuts reporting time by up to 50% with Workiva

Coca-Cola FEMSA, a multinational beverage company, faced significant challenges in its financial and sustainability reporting processes. Their previous method, reliant on disparate Word and Excel documents, was inefficient, time-consuming, and created audit difficulties for the over 200 people and 30 teams involved. Seeking to standardize data collection and gain control, they turned to the Workiva platform for sustainability and SEC reporting.

Workiva provided a unified platform that served as a single source of truth for Coca-Cola FEMSA's data. The solution automated connections for over 2,500 data points and enabled real-time collaboration. This resulted in a 50% reduction in information requesting, audit, and reporting times, while also cutting costs associated with outsourced EDGAR conversions. Furthermore, the streamlined process supported a 16-point increase in their S&P Global CSA score, elevating them to industry leadership.

Coca-Cola FEMSA