Case Study: Largest Financial Institution (Fortune 100 Bank) reduces reporting time and outsourcing costs with Workiva Wdesk

Wdesk Improves Reporting at Fortune 100 Bank

A Fortune 100 bank’s 15-person external reporting team was struggling to produce large, 250‑page SEC reports within a tight 40‑day window using legacy word‑processing and spreadsheet tools. Frequent crashes, painful version control, long waits to edit split files, costly EDGAR formatting fixes by a third‑party printer, and heavy weekend and late‑night work created delays and six‑figure outsourcing expenses.

The team switched to Workiva’s Wdesk, a cloud platform on AWS that provides a single‑document data model, real‑time collaboration, automated number/text linking, and in‑house XBRL tagging. The change eliminated edit bottlenecks and third‑party dependencies, reduced downtime and work hours, cut outsourcing and printing costs, enabled earlier filings (10‑Q filed a day early) and rapid ad hoc filings (8‑K completed in 12 hours), and improved security and document control.