Optimizing Financial Reporting for a $14B Real Estate Firm: Enhancing Accuracy, Automation, and Security with Workiva
Case Studies
Situation
A real estate investment firm with over $14 billion in assets under management sought to optimize its annual and interim financial reporting processes. The firm aimed to improve data accuracy, reduce manual effort, and strengthen security controls within its reporting workflow to better adapt to evolving market conditions and reporting requirements.
Approach
The Alpha Alternatives consultancy team assessed the client’s existing workflows and implemented enhancements within the Workiva platform to streamline reporting. Key actions included establishing a structured linking framework between reports and supporting spreadsheets, leveraging the Workiva Excel Sync add-in to eliminate manual data uploads, and enhancing security by defining user roles and permissions. The team facilitated training and documentation to enable the client’s independence in maintaining the system and collaborated closely to set up the core document architecture and financial note linking.
Impact
The implementation improved reporting efficiency by automating data synchronization and reducing errors caused by manual processes. Standardization through training and templating ensured consistency across reporting periods. Strengthened security controls mitigated risks related to data access and integrity. The client achieved faster, more reliable financial reporting with enhanced internal capabilities.
Conclusion
The project successfully delivered an optimized financial reporting process on the Workiva platform, enhancing automation, accuracy, and governance. The strong partnership enabled the client to independently maintain and scale the solution. Future opportunities include integrating Workiva directly with source systems to further improve automation and data flow.
Project Team
Workiva Solution Owner: Dakota Rose
Workiva Solution Architect: Peiqi Cao
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