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Sometimes less is more…and that’s what comes to mind when listening to Herb Musser, MidWestOne Bank’s V.P. & SEC Reporting Officer describe WebFilings –“it just makes sense.” With that simple and common sense over view, Musser breaks down the benefits of using WebFilings.

Saving time and gaining efficiencies in the entire filing process is what first comes to mind when Musser talks about switching to WebFilings to streamline the SEC reporting process he oversees. MidWestOne now saves almost a week each quarter, and even better, their reports are more accurate.

To prove the cost savings WebFilings has contributed, Musser refers to a cost benefit analysis he used to evaluate his company’s reporting efficiency. And when factoring in XBRL’s time consuming requirements, Musser enthusiastically reports the subscription to WebFilings easily pays for itself.

In the January/February 2012 issue of Financial Executives Magazine, experts from many important business sectors were asked to forecast the developments they expect to see emerge in 2012. The issue features experts' predictions on: the 2012 economic outlook, tax and regulation, growth, health care, energy, compensation, technology, M&A, legal, financial reporting and XBRL.

In the December 2011 issue of Financial Executives Magazine, FEI asks just that, what does the next 80 years of global finance look like? The feature article of the issue, FEI@80: The Next 80 Years, presents comments from many leading financial executives and business leaders to weigh-in on how global finance will evolve. Two members of our WebFilings team joined their peers, commenting on the issue.

Former FASB chairman and member of the WebFilings Advisory Board, Robert Herz believes, “Will there still be the basic financial statements or will it be replaced by just electronic data that you can plug into your model and create your own build-to-suit financial statements? I believe there still will be a core set of financial statements and there will be the ability to plug in data to your models. Some of these mentioned here will occur well before 80 years.“

One of my favorite holiday traditions is to watch “A Christmas Story,” a classic holiday movie from 1983 featuring nine-year-old “Ralphie” Parker who desperately wants a Red Ryder BB Gun. While many holiday movies tend to take the traditional feel-good approach, I have always appreciated the comical storyline of “A Christmas Story.”

While our recently released company video, which we’ve dubbed “The WebFilings Story,” does not feature a fishnet stocking lamp or a Red Ryder BB Gun, it shares our story about how our company got its start and explains our company’s core values.

A few years ago, WebFilings disrupted the current SEC reporting process, a process that hadn’t changed much in the last 25 years, with our fully-integrated, cloud-based SEC reporting solution. WebFilings’ culture of innovation, from product development to customer success, has allowed our company to address all aspects of the process’ problems with their end-to-end reporting solution.