Case Study: Fortune 100 Bank achieves faster filings and slashed third-party costs with Workiva (Wdesk)

Wdesk Improves Reporting at Fortune 100 Bank

A Fortune 100 financial institution's 15‑person external reporting team was struggling to produce 250‑page quarterly and annual reports in a tight 40‑day window. Relying on legacy word‑processing and spreadsheet tools caused frequent crashes, painful version‑control workarounds, long nights and weekends, and costly reliance on third‑party vendors for EDGAR/XBRL processing.

The team moved to Workiva’s cloud External Reporting Solution (Wdesk), adopting a single‑document data model with simultaneous editing, linked numbers, and in‑house dynamic XBRL. The platform eliminated time‑consuming merges and printer errors, reduced third‑party costs and overtime (including filing a 10‑Q a day early), improved access controls and tagging, and enabled faster ad‑hoc filings.