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
(1-3 of 3)No more manual tie outs, saves a ton of time!
- Linking Numbers.
- Updating Numbers.
- User Interface.
- Tagging takes a while to get the hang of.
- Customer support feels light.
- Lag when switching between pages.
- Tagging
- User Interface.
- Ease of Use.
- Common repository of GRC items
- N/AN/A
- Risk management
- N/AN/A
- Integration with Corporate Performance Management (CPM) systems
- N/AN/A
- GRC policy management
- N/AN/A
- Incident management
- N/AN/A
- Saved Time.
- Allowed Team Members to Focus on More Analytical Activities.
Review of Wdesk SOX Platform
- Wdesk is pretty user friendly and easy to learn.
- Service hotline is responsive.
- The software is not pricy.
- The automation could be better. A lot of mass updates are done manually.
- Sometimes the system has connection issues and certain functions are down.
- The customer service could be more proactive to provide regular training and sharing updates on the software.
- Customer service could be better to help process the mass updates in a timely fashion.
- Certification module.
- Testing module.
- Remediation module.
- Control listing and reporting.
- Common repository of GRC items
- 80%8.0
- Integration with Corporate Performance Management (CPM) systems
- N/AN/A
- GRC policy management
- N/AN/A
- Incident management
- N/AN/A
- 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
- have a structure to follow
- Involves the user on determined tasks
- Basic editing of documents WORD 2007
- Upgrade WORD and EXCEL 2007 to have same functionality of normall OFFICE 365
- Do not destroy the EXCEL files imported, deleting all PIVOTs and GRAPHS
- not available switch between UPPERCASE and lowercase
- not available Search and replace ALL
- not available redo format
- not available to do graphs in EXCEL
- not available elaborated FORMULAS, only very basic like sums
- not available DESKTOP version
- SYNC only works one way
- Exported WORD files are massive and version 2007
- not available PDF viewer
- compliance
- hability to work faster, this is not happening
- compatibility with OFFICE 365
- Work for longer hours
- WDESK very slow and only basic tools
- creates duplicates and not compatible with office 365