Case Study: KeyBank achieves streamlined CECL, SOX, and SEC reporting with Workiva

Finance Transformation at KeyBank Expands to CECL, SOX, and More

KeyBank faced inefficient, error-prone finance and compliance processes—producing SEC reports, managing CECL and SOX work, and coordinating multiple contributors using shared drives, email chains, Excel, and Word led to poor version control, duplicated effort, and limited time for analysis.

By adopting the Workiva cloud platform, KeyBank centralized SEC filings, accounting policies, CECL reporting, and controls management with linked data, robust revision history, and collaborative workflows for control owners and auditors. The change cut repetitive tasks from hours or days to minutes, streamlined reviews, reduced time spent finding data, and freed teams to produce richer, more analytical reports.

KeyBank

Stacy Gilbert

Senior Director of External Reporting and Accounting Policy