New Case Study: Firm Uses Wdesk to Beat Own Record for Filing a 10-K

Firm Uses Wdesk

From When Heather Krupa first joined Global Water Resources, she had to take a step back in time to remember when she had to use something other than Wdesk for SEC reporting.

“We have to go to Wdesk because this is horrible.”

–Heather Krupa, Controller, Global Water Resources

After sharing her experience and explaining the benefits of Wdesk, Heather convinced the water resource management company to make the switch to Wdesk. As a result, Global Water Resources was able to file its 10-K a day earlier than it ever had. Even more impressive: the filing schedule included the time Heather took to train a new hire on XBRL tagging.

Part of the time-savings came from the ability for multiple users to work on the same document simultaneously. The reporting team also had control over what auditors, top executives, and board members could see and when.

Previously, with another SEC reporting platform, Heather said she had to remember what a pilcrow is (hint: it is a paragraph marker) and that she had to insert one before editing information. She also remembers spending a 12-hour day chasing rounders.

In Wdesk, the interface is designed to be extremely user-friendly. Linking, commenting, and audit trails help contributors see source data and improve data governance and transparency. In comparison to a competing platform Heather has also used, “The linking functionality within Wdesk is definitely superior,” she said.

Heather says Wdesk streamlines processes and allows her to focus on the value she delivers as a certified public accountant (CPA).

“I am always trying to ask how can we do this faster and how can we do this better,” she said. “Accounting is not a 9-to-5 job. If I can get it to be as close to 9-to-8 as possible, the better. The only way to do that is either get more people, which may run up against cost constraints, or find better ways of doing it. Technology is what’s helping foster the ability to get more work done in less time.”

Download case study here.