BlackSky: Connecting Workiva and OneStream for seamless data integration
Project overview and objectives
Leading space-based intelligence company BlackSky sought to optimize SEC reporting efforts with specific interest in applying software mechanisms that saved time, increased transparency, and reduced risk.
The small-but-mighty financial reporting team had been spending inordinate amounts of time on manually repetitive tasks such as control evidence collection, in-person follow-ups, and manual testing documentation with legacy spreadsheet systems that made preparation for SEC filings unnecessarily difficult.
What we did
Clearsulting helped BlackSky connect Workiva to their OneStream financial system with a novel API solution, enabling dynamic data flow between compliance and financial reporting systems. This integration allowed for automated population of control testing data, enhanced traceability, and improved alignment between operational controls and financial outcomes.
Impact
By the time of go-live, the BlackSky finance team realized significant gains in reporting efficiency, with the team saving approximately 40 hours per SEC reporting cycle.