Case Study
Fexco Saves 1,000 Hours in 12 Weeks with Workiva
Fexco Saves 1,000 Hours in 12 Weeks with Workiva"We had a very manual process. We were populating legacy documents based on a set of more than 35 files with different formatting across each company and file. This led to a lot of inconsistencies in first drafts, and we wasted so much time formatting documents and checking for errors rather than focusing on the content of the statutory accounts," Niamh said. Like many statutory accounting finance teams, Fexco also has to deal with changes in regulations and implementing new standards. However, the way they were managing this process was unsustainable. "When we implemented a change for a new regulation or accounting standard, we had to manually implement it across more than 35 sets of financial statements. It was time-consuming,