Case Study: Fexco achieves 1,000 hours saved in 12 weeks with Workiva

Fexco Saves 1,000 Hours in 12 Weeks with Workiva

Fexco, a global financial‑technology firm, faced an unsustainable, highly manual process for producing statutory financial statements across more than 35 entities. Relying on over 35 legacy files with inconsistent formatting meant teams spent excessive time formatting and error‑checking instead of analysing the accounts, and implementing new regulations and accounting standards was slow and error‑prone.

After a six‑month process review Fexco adopted Workiva’s cloud platform to centralize data from ERPs, link data to narrative, enforce version control and role‑based reviews, and streamline collaboration. The change saved about 1,000 hours in 12 weeks (≈500 hours for the statutory team and ~15 hours per company accountant), delivered draft annual statements within nine working days, and increased accuracy, transparency, collaboration and job satisfaction while freeing staff to focus on value‑add work such as the IFRS 16 transition.

Fexco

Niamh Christie

Senior Group Accountant