Premium Sand Company Reports Immediate ROI with Wdesk
Workiva
(NYSE:WK), a leading provider of enterprise cloud solutions for
improving productivity, accountability and insight in business data,
announces that Hi-Crush
Partners LP (NYSE:HCLP) is using Wdesk
to save time and money when managing its assessment of internal controls
over financial reporting required by the Sarbanes-Oxley Act (SOX).
Hi-Crush, a premium sand producer and distributor, adopted Wdesk for
documenting internal controls over financial reporting after hiring Mary
Blake, the company’s lead financial reporting analyst. Blake was using
Wdesk at her previous employer, and Hi-Crush valued her knowledge and
skills.
“On my first day at Hi-Crush, I implemented certifications
using Wdesk,” said Blake. Soon thereafter, she began implementing Wdesk
for the documentation requirements of SOX
based on her experience with Wdesk SEC
support
binders.
By placing their SOX testing in Wdesk, Blake was able to grant digital
access to their external auditors, which streamlined the review process.
“The fact that we are able to attach supporting evidence directly to the
documents from the one-stop shop is such a convenience,” she said. “We
are not a revenue-generating department, so we try to reduce costs, and
Workiva has helped us do that by cutting the billable hours of third
parties in half. This kind of cost reduction makes our CFO very happy.”
With Wdesk, Blake recently filed a Form 10-Q with the SEC two weeks
early to accommodate an unexpected project. “I'm able to finish way
ahead of my deadlines, which gives me time to focus on other important
projects," said Blake.
“I love that I can link numbers throughout my Wdesk documents, so that
any change is automatically updated where ever that number appears, in
both spreadsheets and text,” said Blake. “The old-school way of footing
and refooting and checking and rechecking numbers dozens of times before
filing is gone. With Wdesk, I just run a black line to see what changed.”
“Wdesk gives me the comfort to know my information is accurate,” added
Blake. “I love how Wdesk makes things so much easier. I want to use
Wdesk for all of my tasks and processes.”
About Workiva
Workiva (NYSE:WK) created Wdesk, a cloud-based productivity platform for
enterprises to collect, link, report and analyze business data with
control and accountability. Thousands of organizations, including over
70 percent of the Fortune 500®, use Wdesk. The platform’s
proprietary word processing, spreadsheet and presentation applications
are integrated and built upon a data management engine, offering
synchronized data, controlled collaboration, granular permissions and a
full audit trail. Wdesk helps mitigate enterprise risk, improve
productivity and give users confidence to make decisions with real-time
data. Workiva employs more than 1,200 people with offices in 16 cities.
The company is headquartered in Ames, Iowa. For more information, visit workiva.com.
Claim not confirmed by FORTUNE or Time Inc. FORTUNE 500 is a registered
trademark of Time Inc. and is used under license. FORTUNE and Time Inc.
are not affiliated with, and do not endorse products or services of,
Workiva Inc.
About Hi-Crush Partners LP
Hi-Crush is an integrated producer, transporter, marketer and
distributor of high-quality monocrystalline sand, a specialized mineral
that is used as a proppant to enhance the recovery rates of hydrocarbons
from oil and natural gas wells. Our reserves, which are located in
Wisconsin, consist of "Northern White" sand, a resource that exists
predominately in Wisconsin and limited portions of the upper Midwest
region of the United States. Hi-Crush owns and operates the largest
distribution network in the Marcellus and Utica shales, and has
distribution capabilities throughout North America. For more
information, visit http://www.hicrush.com/.
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