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

Fexco saves 1,000 hours in 12 weeks with Workiva

Fexco, a global financial technology company, faced a highly manual and inconsistent process for producing statutory financial statements across its more than 35 entities. This unscalable system wasted significant time on formatting and error-checking, distracting the team from value-add activities and the implementation of new accounting standards. To address this, Fexco chose the Workiva platform for multi-entity financial reporting.

Workiva provided a centralized, cloud-based solution that automated data collection and accuracy checks, creating a connected and transparent process. As a result, Fexco saved an estimated 1,000 hours over 12 weeks, allowing the team to reallocate time to strategic initiatives like implementing IFRS 16. Workiva also increased data accuracy, traceability, and overall job satisfaction for the accounting team.

Fexco