Case Study: KeyBank streamlines accounting policy management with Workiva

KeyBank streamlines accounting policy reviews with Workiva and quarterly exception tracking

KeyBank, a major financial institution, faced a manual and cumbersome process for managing its accounting policies and procedures. This involved disconnected templates, version control issues, and tracking challenges via email. To address this, KeyBank implemented Workiva's Wdesk platform to streamline and modernize its financial operations.

The solution implemented by Workiva provided a single, collaborative space within Wdesk for all accounting policies. KeyBank's team utilized the platform's features for simultaneous editing, access control, track changes, and automated certification workflows. This resulted in more efficient reviews, a centralized location for data and evidence, and a full process transformation. The Workiva platform allowed the team to focus on higher-value projects and improved transparency into how policy applications affect financial statements.

KeyBank