Case Study: Solenis boosts reporting efficiency and cuts audit costs with Workiva

Solenis slashes internal audit reports to 10 pages with Workiva

Solenis, a global specialty chemicals company, faced pressure to find savings and maintain productivity following a major merger and team reductions. Seeking efficiency beyond initial robotic process automation ideas, Vice President and Controller Jordan Brackett re-evaluated the Workiva connected reporting platform for broader enterprise use.

Workiva provided a single platform to connect data sources and manage global statutory reporting, internal controls, and internal management reporting. The solution streamlined processes, slimming a key internal audit report from dozens of pages to a 10-page presentation. Solenis projected over $400,000 in annual productivity benefits for one region and a 43% ROI over three years, while also reducing external audit fees. The partnership with Workiva was instrumental in achieving the efficiencies that contributed to Solenis being recognized as a 2021 US Best Managed Company.

Solenis