Case Study

Insurance Company Saves Time on SOX by Using Wdesk

Insurance Company Saves Time on SOX by Using Wdesk

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Insurance Company Saves Time on SOX by Using WdeskOnce the company implemented Wdesk for SOX compliance, the team could automate workflow, and the cloud platform’s linking capability allowed the team to update shared data universally. Due partly to Wdesk and partly to switching half of its controls to a non-reliance model with its external auditors, the company estimated it would spend 4,600 hours on SOX work in the first full year with Wdesk, down from 9,600 the year before. In the first two months of the year before the company used Wdesk, the internal audit director reported 3,000 hours spent on year-end work. That shrank to 350 hours the next year, with Wdesk . “At least 70 percent of that is due to Wdesk streamlining our reviews,” she said. The dashboard capabilities wi

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