Case Study: NXP Semiconductors improves reporting transparency and efficiency with Workiva

NXP Semiconductors saves hundreds of hours with Workiva

NXP Semiconductors sought to enhance transparency and efficiency by connecting its separate financial, compliance, and sustainability reporting processes. The company was using outdated, manual methods for SEC reporting and a difficult-to-maintain third-party system for SOX compliance, which increased risk and consumed significant time. To address this challenge, NXP partnered with Workiva to implement its connected reporting and compliance platform.

By implementing the Workiva platform, NXP integrated its SOX compliance, SEC reporting, and ESG reporting into a single, centralized system. The solution from Workiva provided real-time data connectivity, automated audit trails, and streamlined processes like certification and PBC requests. This resulted in measurable impacts including saving hundreds of hours, eliminating version control issues, and enabling faster turnaround times. The platform also provided greater control and transparency, allowing teams to focus on strategic initiatives rather than administrative tasks.

NXP Semiconductors