Case Study: Global Semiconductor Company achieves centralized, real-time statutory reporting with Workiva

Tech Supplier Takes Control of Statutory Reporting

A European supplier to the semiconductor industry had been managing statutory reporting with scattered Excel and Word files across dozens of legal entities and 60+ locations. That decentralized approach forced teams to track down final trial balances, chase updates by email, and endure long delays and reconciliation headaches.

In 2019 the company adopted Workiva, implementing centralized templates, linked data, real‑time collaboration, access controls, and an automatic audit trail. The platform created a single source of truth, improving control and transparency, reducing time spent chasing changes, and ensuring consistent, up‑to‑date statutory and tax reports.