One WebFilings customer was faced with filing its 10-Q, and then announcing a significant loss via conference call. In order to minimize the impact to stakeholders, they wanted to time their submission to occur after the U.S. markets closed, and before the announcement. This situation resulted in a narrow 30-minute window for filing with the Securities and Exchange Commission. Use of WebFilings SEC Reporting Solution enabled the customer to file within the designated time, and even allowed changes to the 10-Q within the final hour. WebFilings solution played a pivotal role in the timing of this process and significantly reduced impact to stakeholders. With a traditional solution, the company would have been required to file several hours prior to market close, and this window of opportunity would have been missed.
