Case Study: i3 Verticals streamlines IPO and financial reporting with Workiva

i3 Verticals shaves 80 hours off financial reporting with Workiva

i3 Verticals, a company preparing for its initial public offering (IPO), faced the challenge of managing the complex and time-consuming process of financial reporting and SEC filings using traditional, inefficient methods that relied heavily on external financial printers. To modernize this process, they turned to vendor Workiva and implemented its connected reporting platform for their capital market transaction and SEC reporting needs.

The solution from Workiva provided i3 Verticals with a collaborative cloud platform featuring data linking, which automatically updated information across all connected documents. This allowed the team to make changes in-house efficiently. As a result, i3 Verticals significantly streamlined its IPO process and subsequent quarterly and annual filings. The measurable impact included an estimated time savings of 80 hours for the finance team on reporting tasks, greatly increased efficiency, and reduced risk.

i3 Verticals