SEC Reporting Solution
Any Security Exchange Commission (SEC) reporting professional within a public company will attest that the process for drafting required SEC documents has not changed much in the past 25 years. It's a process that is tedious and antiquated, with reporting teams relying on basic, non-collaborative tools like word processors and spreadsheets to prepare sophisticated and complicated SEC reports.
Preparation of SEC documents is a highly iterative process, subject to ongoing and late-breaking updates, making the manual management of information and document changes complex and prone to error. The current process is resource intensive and most public companies also utilize third party vendors to perform specialized tasks including HTML conversion for the SEC's EDGAR website and filing with the SEC. Reporting teams are also facing the added pressure of new financial reporting standards such as the recently-mandated XBRL tagging process which will add time and cost to an already time-constrained, stressful and expensive process. There’s got to be a better way…
A Revolution in SEC Reporting is Here
WebFilings is a revolution in collaboration software for regulatory compliance, delivering the only complete, fully-integrated solution dedicated to meeting SEC reporting requirements. With WebFilings' web-based application, SEC reporting teams collaborate in real-time on document creation using WebFilings' intuitive and familiar interface that combines and integrates word processing and spreadsheet editing capabilities in a single application with process controls specifically designed for SEC reporting.
Create "The Right Document Every Time"
WebFilings' sophisticated collaboration capabilities significantly streamline the document development process, eliminating serial editing conflicts and version control issues. With a “one active document” approach, multiple authors work simultaneously in the same document. WebFilings ensures that all authors are always working on the current document every time.
Change Once, Update Everywhere
Linking enables "source" values and text to be changed once and automatically trigger updates to all impacted data and text throughout the document. WebFilings also features spreadsheet capabilities in document tables, saving time and helping to ensure accuracy.
Enhance Security and SOX Compliance
WebFilings enhances document security and SOX compliance with controlled, role-based document access; a complete document audit trail with detailed editing history; and integrated commenting, bringing transparency to the SEC report drafting process.
EDGAR and XBRL Made Easy
Instant, integrated EDGAR HTML conversion saves time and enables companies to directly file their SEC reports from within the WebFilings application. Easy-to-use XBRL tools (including Level 4 capability) simplify the tagging process and enable document drafting and XBRL tagging to occur in parallel.
About WebFilings
WebFilings’ was designed by experienced SEC reporting professionals dedicated to helping public companies reduce time, risk, and costs associated with creating and filing their SEC reports. More information about WebFilings.
