Case Study: PAREXEL achieves remote financial reporting efficiency with Workiva

PAREXEL cuts reporting turnaround to minutes with Workiva

PAREXEL, a clinical research and biopharmaceutical services company, faced the challenge of enabling its new Director of Technical Accounting, Abi Raja, to immediately contribute to complex financial reporting while starting her role entirely remotely during the COVID-19 pandemic. The broader challenge involved moving away from disconnected, manual processes using traditional spreadsheet and word-processing software to a more controlled, efficient, and collaborative reporting system. The vendor, Workiva, provided its connected reporting platform for SEC and financial reporting.

Workiva's cloud-based platform allowed Abi to securely log in and work from home with no loss of functionality, making her remote start seamless. The solution provided a single platform for creating documents, spreadsheets, and presentations, with linked data that updates automatically, robust validation checks, and flexible output formats. This gave the team greater control and accuracy, enabling last-minute changes and significantly faster reviews. Using Workiva reduced time spent on manual data entry, freeing the team for more analytical work, and proved essential for effective remote and distributed teamwork.

PAREXEL