The California Lottery has begun using Wdesk from Workiva to streamline budgeting and financial reporting processes.
The lottery handles $6 billion a year, with $1 billion going to the state’s public schools and colleges, making it responsible for meeting governmental accounting standards. To assist with this, the Wdesk tool creates a comprehensive annual financial report.
The ability to run such reports should assist Lottery employees in focusing on data governance and creating auditable documents.
“The California State Lottery is a leader in embracing technology to streamline how it budgets and reports complex financial data to state officials, regulators and the public,” Matt Rizai, chairman and CEO of Workiva, wrote in a press release Tuesday. “By adopting our Wdesk platform, the Lottery’s finance teams now have more time for analysis and insight, which helps them make data-driven decisions.”
The tool also increases security by allowing administrators to control data creation and review at all levels, easing budget reviews and approvals.
Lottery teams can also collaborate on the tool’s platform.
“All companies and government agencies are adjusting to the work styles of a technology-savvy generation,” Rizai wrote. “Wdesk sets up organizations like the California Lottery for future success.”
