WebFilings -- The WebFilings-specific links to the right of this blog will provide you with a tremendous amount of information regarding this revolutionary SEC reporting and filing application. However, here is a short list of several points to consider when making your own internal evaluations:
- WebFilings is an end-to-end, web-based solution, so there is no need for multiple vendors (EDGAR/XBRL), or various bolt-on solutions, or a combination of each. It is a "single document data model" application, which reduces the need to manually edit multiple data sources and manually execute multiple data synchronizations, which often lead to costly mistakes in filing, including XBRL and EDGAR.
- Access, collaborate, edit, and file your reports from anywhere: your office, your bedroom, the train, your phone...you get the point.
- Time savings: our clients are saving 3-7 days in drafting, editing, and filing their Qs.
- No "pencils down" time with WebFilings software - you can make last-minute changes to EDGAR and XBRL right up to filing time, at no additional cost, all with relative ease.
- File as many documents as you need to, at no additional cost (8K, 11K, 20-F, etc.), keeping in mind that changes can be made to single documents and rolled forward through all other applicable documents - our "change once, update everywhere" functionality.
- Unlimited EDGARization, instantaneously, throughout the document drafting life cycle. EDGAR as often as you'd like - single pages or the entire document - with the simple click of a mouse.
- Ability to have multiple editors working on the document at same time.
- Ability to have multiple internal and/or external reviewers review online, and post comments - say good bye to printing out multiple hard copies and emailing PDF's and hand written notes/recommendations, and any of those other archaic practices so many companies currently employ.
- Sophisticated linking eliminates difficult footing and allows for easy last minute changes throughout the entire document, or documents.
- Ability to XBRL tag directly within the document, meaning changes are easy to make and updating subsequent quarters (maintenance) is easy due to the carry forward of tags - and you can start tagging your document as early in the process as you'd like, even tagging zero values.
- Your dedicated Customer Success Team will help you scale the XBRL learning process, allowing your internal teams to become XBRL experts themselves, at your own pace.
- If even with all of the cutting edge benefits and added cost and time-saving value our solution provides you still don't feel that you have the manpower or bandwidth to satisfactorily address the required XBRL mandates, WebFilings also provides full service XBRL modeling and tagging services (on top of the benefits of our streamlined editing features).
- The WebFilings application was designed and built by financial professionals, for financial professionals. It thinks and acts like you want it to think and act because it was designed by people who have actually done your same job, and not by someone who merely thinks they know about your day-to-day pains.