Case Study: Westcoast streamlines financial reporting and controls with Workiva

Westcoast saves significant time and cuts audit costs with Workiva

Westcoast, a multinational IT distribution company, faced challenges with its manual financial reporting and internal controls processes, which were struggling to keep up with the company's growth. These processes were time-consuming, costly, and plagued by version control and collaboration issues. To address this, Westcoast implemented the Workiva platform for governance, risk, and compliance (GRC).

Using Workiva provided a single source of truth, interlinking information and improving real-time collaboration. The solution saved significant time, increased auditor confidence, and is expected to help drive down audit fees. Workiva enabled Westcoast to formalize its risk and controls process on the same platform used for its financial reporting, resulting in a better return on investment and a more streamlined operation.