Overview
What is Workiva?
Workiva is a cloud platform supporting ESG protecting, designed to provide collaboration, data integration, and an audit trail. The platform helps mitigate risk, and improves productivity.
No more manual tie outs, saves a ton of time!
Review of Wdesk SOX Platform
Avoid WORKIVA is not what they advertise
Best in-class for SEC reporting
Data management isn't a big deal now.
Wdesk is a great financial reporting and compliance solution.
Great tool if you have bandwidth for the implementation
Wdesk works well for collaboration on all of our company's filings
Wdesk is a must have software for all Financial Reporting Teams
Wdesk - Harness the Power
SEC Filing is in your control and fast
Popular Features
- Common repository of GRC items (5)8.080%
- Risk management (5)7.777%
- Incident management (5)7.070%
Pricing
What is Workiva?
Workiva is a cloud platform supporting ESG protecting, designed to provide collaboration, data integration, and an audit trail. The platform helps mitigate risk, and improves productivity.
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Features
Governance, Risk & Compliance
The goal of IT governance is ultimately to ensure that the processes governing evaluation, selection, prioritization, and funding of competing IT investments are driven by the overall business
- 8Common repository of GRC items(5) Ratings
A common repository linking all GRC elements such as policies, risks, regulations, etc.) to give a 360 degree view
- 7.7Risk management(5) Ratings
Risk management capabilities including alert engine to warn of trending risk exposure and risk visualizations like heat maps, dashboards, etc.
- 9Integration with Corporate Performance Management (CPM) systems(3) Ratings
Ability to integrate with external CPM software
- 7.7GRC policy management(4) Ratings
Support for policy lifestyle changes including creation, approval, communication etc.
- 7Incident management(5) Ratings
System captures risk-related incidents, including cause and result
Product Details
- About
- Tech Details
- FAQs
What is Workiva?
Workiva Video
Workiva Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |
Frequently Asked Questions
Comparisons
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Reviews and Ratings
(38)Community Insights
- Business Problems Solved
- Recommendations
Wdesk has become an indispensable tool for various teams within the company. The Financial Reporting team relies on Wdesk to file important documents such as the company's 10-K and 10-Qs, while the Legal department uses it for filing Proxy Statements. Additionally, Internal Reporting finds Wdesk useful for filing quarterly press release 8Ks. The program's permissions feature allows for seamless collaboration and input from different departments on each document. As a result, users have expanded its use to involve other groups like Treasury and Legal for their unique filings. While its primary focus is SEC filings, Wdesk is slowly being incorporated into areas such as Certifications and SOX. Users have been utilizing Wdesk for over two years and greatly appreciate the product as a whole, as well as the company's commitment to excellence and transparency in customer service.
With Wdesk's secure cloud-based platform, capturing, preparing, and aggregating financial data from various sources has become effortless. Users have the ability to create and model reports and analyses tailored to their specific needs, all linked to the relevant data. This versatility makes Wdesk an ideal choice for Annual Reports and SEC filings. However, some users have encountered compatibility issues with Word and Excel 2007, as well as challenges related to syncing and file formats. To complement their workflow, certain users have integrated Microsoft Teams alongside Wdesk. The Global Financial Reporting Team relies on Wdesk to prepare essential documents like Earnings Releases, Form 10-Ks, Form 10-Qs, and IFRS financial statements. As other departments witness its potential in streamlining processes such as document control and consistent financial reporting, there is increasing encouragement for wider adoption of Wdesk throughout the organization. Notably, external auditors and legal counsel also utilize Wdesk to review filings and provide valuable feedback.
The benefits of using Wdesk extend beyond financial reporting alone; it also plays a pivotal role in the company's SOX program and serves as the go-to financial reporting tool. Users particularly appreciate Wdesk for its cloud-based functionality, real-time reporting capabilities, and ease of creating tables. By leveraging Wdesk, the financial reporting team has successfully reduced errors and improved productivity in updating financial statements, eliminating the need for manual processes and mitigating inconsistencies. This time-saving aspect is highly valued by users. Overall, Wdesk has proven to be a reliable solution that enhances collaboration, simplifies data management, and empowers teams to deliver accurate and timely financial reports.
Users have provided several recommendations for the software based on their experiences. The most common recommendations are as follows:
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Reach out to the company staff for assistance and demonstrations. Users have found it beneficial to contact the company's staff for help and demonstrations of the software. This allows them to better understand its functionalities and how it can meet their specific needs.
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Consider long-term contracts to avoid price increases. Some users suggest considering long-term contracts with the software provider in order to avoid potential price increases in the future. This may help organizations manage their budgets more effectively.
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Contact consultants for demonstrations and understanding capabilities. Users recommend reaching out to consultants who specialize in the software to get demonstrations and a better understanding of its capabilities. This can assist organizations in making informed decisions about whether the software aligns with their requirements.
These recommendations highlight the importance of seeking support from the software provider, considering long-term contracts, and consulting with experts to fully utilize the capabilities of the software.
Attribute Ratings
Reviews
(1-10 of 10)No more manual tie outs, saves a ton of time!
- Saved Time.
- Allowed Team Members to Focus on More Analytical Activities.
Review of Wdesk SOX Platform
- The ROI is good on overall business projections.
- We raised efficiency for over 30% using the software.
- The software saved 20% on budget of CPEs and trainings.
Avoid WORKIVA is not what they advertise
- Work for longer hours
- WDESK very slow and only basic tools
- creates duplicates and not compatible with office 365
Best in-class for SEC reporting
- Has reduced error/manual entry/risks in financial reporting.
- Has improved the quality of SEC filings.
- Has reduced hours in preparing and filing financial statements.
- Has streamlined reviews of financial statements.
Data management isn't a big deal now.
- Automation in spreadsheets
- Efficiency has increased
- Workflow has become better
Wdesk is a great financial reporting and compliance solution.
- The Wdesk tool improves risk reduction.
- I believe that we have greater collaboration with more efficiency and automatic reporting.
- The Wdesk tool improves user productivity and decision-making based on reports.
Great tool if you have bandwidth for the implementation
- Improved productivity
- Reduced busy work
- We're saving money by bringing the XBRL tagging function in-house instead of outsourcing that.
- We're using the built-in access security features to automate as many of our internal controls as possible.
Wdesk - Harness the Power
- We have not quantified the ROI but we have definitely saved money and time by switching to Wdesk.
- By integrating other things we do currently outside of Wdesk, like SOX, we can reap better benefits.
- We currently use a third party tool for Form 4s etc and this too could be brought into the Wdesk fold.
SEC Filing is in your control and fast
- We spend less than we used to with a traditional printer.
- We have been able to do turn-on-a-dime equity offerings with last minute changes and still file on time.
- Inviting external legal into the platform has helped with communication but we actually suspect they spend MORE time (and billing) on our documents than they used to just simply because it's so easy to get at them anytime they want.