Case Study: Playa Hotels & Resorts simplifies financial reporting and SOX compliance with Workiva

Playa Hotels & Resorts cuts financial close from 10 days to 4 with Workiva

Playa Hotels & Resorts, a leading operator of luxury all-inclusive beachfront resorts, faced the challenge of transitioning from a private to a public company. This required modernizing their financial reporting and SOX compliance processes, which were overly reliant on disconnected spreadsheets. They chose the Workiva platform to streamline these complex tasks and create a more efficient system.

Workiva provided a cloud-based solution that served as a single source of truth for financial data, enabling seamless collaboration across their teams and external auditors. The implementation of Workiva's tools for SEC reporting and SOX compliance drove significant results, including reducing their financial close time from 10 days to just 4 days. Workiva also made it easy to onboard new associates and upskill current employees, ensuring better data quality and more effective reviews.

Playa Hotels & Resorts