What users are saying about
82 Ratings
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Score 7.8 out of 100
19 Ratings
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Score 8.2 out of 100

Likelihood to Recommend

BusinessObjects SRC (Discontinued)

The system is not always intuitive to a new user. However with some upfront training it is easy to catch on. A lot of the management is left in the hands of the users, in our company that would be finance. To us that is a great benefit, however, that may not work in all situations.
Anonymous | TrustRadius Reviewer

Wdesk

Wdesk is best suited for companies with demanding SEC filings and documents, with multiple revisions due to auditor/counsel review, and where financial reporting is extremely manual. Wdesk really helps take out the potential errors out of extremely manual processes, and helps automate regular financial reporting by allowing companies to link financial information and build customized flows of their information into financial statements and other documents (such as presentations or other internal reporting).
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Budgeting, Planning, and Forecasting

BusinessObjects SRC (Discontinued)
7.8
Wdesk
Long-term financial planning
BusinessObjects SRC (Discontinued)
7.0
Wdesk
Financial budgeting
BusinessObjects SRC (Discontinued)
9.0
Wdesk
Forecasting
BusinessObjects SRC (Discontinued)
8.0
Wdesk
Scenario modeling
BusinessObjects SRC (Discontinued)
6.0
Wdesk
Management reporting
BusinessObjects SRC (Discontinued)
9.0
Wdesk

Consolidation and Close

BusinessObjects SRC (Discontinued)
7.7
Wdesk
Financial data consolidation
BusinessObjects SRC (Discontinued)
6.0
Wdesk
Journal entries and reports
BusinessObjects SRC (Discontinued)
6.0
Wdesk
Multi-currency management
BusinessObjects SRC (Discontinued)
9.0
Wdesk
Intercompany Eliminations
BusinessObjects SRC (Discontinued)
8.0
Wdesk
Local and consolidated reporting
BusinessObjects SRC (Discontinued)
9.0
Wdesk
Detailed Audit Trails
BusinessObjects SRC (Discontinued)
8.0
Wdesk

Financial Reporting and Compliance

BusinessObjects SRC (Discontinued)
8.6
Wdesk
Financial Statement Reporting
BusinessObjects SRC (Discontinued)
9.0
Wdesk
Management Reporting
BusinessObjects SRC (Discontinued)
9.0
Wdesk
Excel-based Reporting
BusinessObjects SRC (Discontinued)
9.0
Wdesk
Automated board and financial reporting
BusinessObjects SRC (Discontinued)
8.0
Wdesk
XBRL support for regulatory filing
BusinessObjects SRC (Discontinued)
8.0
Wdesk

Analytics

BusinessObjects SRC (Discontinued)
6.8
Wdesk
Personalized dashboards
BusinessObjects SRC (Discontinued)
6.0
Wdesk
Color-coded scorecards
BusinessObjects SRC (Discontinued)
8.0
Wdesk
KPIs
BusinessObjects SRC (Discontinued)
8.0
Wdesk
Cost and profitability analysis
BusinessObjects SRC (Discontinued)
8.0
Wdesk
Key Performance Indicator setting
BusinessObjects SRC (Discontinued)
8.0
Wdesk
Benchmarking with external data
BusinessObjects SRC (Discontinued)
3.0
Wdesk

Integration

BusinessObjects SRC (Discontinued)
9.0
Wdesk
Flat file integration
BusinessObjects SRC (Discontinued)
9.0
Wdesk
Excel data integration
BusinessObjects SRC (Discontinued)
9.0
Wdesk
Direct links to 3rd-party data sources
BusinessObjects SRC (Discontinued)
9.0
Wdesk

Governance, Risk & Compliance

BusinessObjects SRC (Discontinued)
Wdesk
8.6
Common repository of GRC items
BusinessObjects SRC (Discontinued)
Wdesk
8.7
Risk management
BusinessObjects SRC (Discontinued)
Wdesk
8.4
Integration with Corporate Performance Management (CPM) systems
BusinessObjects SRC (Discontinued)
Wdesk
9.0
GRC policy management
BusinessObjects SRC (Discontinued)
Wdesk
8.4
Incident management
BusinessObjects SRC (Discontinued)
Wdesk
8.2

Pros

BusinessObjects SRC (Discontinued)

  • Dynamic reporting and consolidation of information from disconnected sources
  • Adaptability to needs of shifting business initiatives
Daniel Guzman | TrustRadius Reviewer

Wdesk

  • The biggest strength of the program for our team is that multiple users can work in the document at the same time. Multiple users can be in the program updating financial statements, footnotes, MD&A - all without stepping on each other's toes.
  • Rolling forward the documents from one period to the next is pretty simple. Links to source documents are maintained and new ones can be added without much hassle.
  • Edits and changes can be made right up until the last minute before filing. There is no waiting period or pencils-down period unless we enforce one ourselves - the Financial Reporting team is in control of the timing of our filings.
Erin Crossland | TrustRadius Reviewer

Cons

BusinessObjects SRC (Discontinued)

  • SRC had a delay in information until the month's operations officially closed and the data was fed into the system. Other products that I have used allow you to see activity throughout the month. Knowing that it isn’t final, you can still get a sense of how revenues/expenses are stacking up for the month, etc. In addition, other operational metrics, like Average Daily Census, Admissions, etc. should be able to be tracked daily, rather than having to wait until the month is over.
AJ Senff | TrustRadius Reviewer

Wdesk

  • Limitations to spreadsheet formulas
  • Basic design (User Interface)
  • Works slow sometimes
  • Lacks few creative options
  • Excel formulas are limited to an extent
Anonymous | TrustRadius Reviewer

Likelihood to Renew

BusinessObjects SRC (Discontinued)

BusinessObjects SRC (Discontinued) 7.8
Based on 2 answers
Looking for some alternatives, which are less expensive.
Anonymous | TrustRadius Reviewer

Wdesk

No score
No answers yet
No answers on this topic

Usability

BusinessObjects SRC (Discontinued)

BusinessObjects SRC (Discontinued) 9.0
Based on 1 answer
I could train users to use the Business Warehouse within an hour or two. Also very easy to create reports and send web links to view the report. Exporting to Excel/Word/etc. was very simple and had good formatting.
AJ Senff | TrustRadius Reviewer

Wdesk

Wdesk 9.0
Based on 3 answers
We believe that the usability of Wdesk is really very easy, accurate, reliable, and automated. The information in our documents is updated in real-time. The graphical interface is excellent, super friendly, and easy to see and use. No one has reported problems with using Wdesk. It is also easy to configure to limit the visibility of some specific information to specific users of the organization.
Maria Luis Ribeiro | TrustRadius Reviewer

Performance

BusinessObjects SRC (Discontinued)

BusinessObjects SRC (Discontinued) 7.0
Based on 1 answer
Very long reports in SRC would take a long time to run (several minutes). However, shorter reports could be run quickly.
AJ Senff | TrustRadius Reviewer

Wdesk

No score
No answers yet
No answers on this topic

Support Rating

BusinessObjects SRC (Discontinued)

BusinessObjects SRC (Discontinued) 5.0
Based on 1 answer
I did not use customer support.
AJ Senff | TrustRadius Reviewer

Wdesk

Wdesk 9.7
Based on 3 answers
I have not had to deal with the Support Team, but overall our experience with the tool has been positive. They try to set new customers up for success from the start (I was part of the sales process, not the actual onboarding) and seemed to know that it’s a difficult transition, but worth it in the long run.
Anonymous | TrustRadius Reviewer

In-Person Training

BusinessObjects SRC (Discontinued)

BusinessObjects SRC (Discontinued) 6.0
Based on 1 answer
This is more a function of the training I received from the systems experts in my organization, not training from Business Objects/SAP. The training was rushed, without an agenda, and didn’t meet my needs as a user.
AJ Senff | TrustRadius Reviewer

Wdesk

No score
No answers yet
No answers on this topic

Implementation Rating

BusinessObjects SRC (Discontinued)

Program was already implemented when I joined.
AJ Senff | TrustRadius Reviewer

Wdesk

No answers on this topic

Alternatives Considered

BusinessObjects SRC (Discontinued)

Business Objects SRC is more flexible than other products and that is especially important in a company where each division is completely different in how they operate, their KPIs, and their operating functions. It allows finance to decide what information is important at that time and does not take months of IT resources to meet management's immediate informational needs. Reporting and budgeting is easily updated when there is an addition or a deletion of a line of business. Finance is allowed to dice the information in any way to satisfy the current needs of the business.
Anonymous | TrustRadius Reviewer

Wdesk

We moved from a third party filer to doing it in house. Have seen demos of products like Active Disclosure, which has come a long way from the beta version I saw and but we are not too far gone with Wdesk for us to evaluate other products.When we first signed up with Webfilings, (former name of Workiva), there were no viable products in the market. I had seen an Oracle product and a beta version of Active Disclosure. It was not hard to see the ease and intuitive-screens, to guide one through the filing process. The excel-like spreadsheets were an added bonus.
Sandhya Chakrapani | TrustRadius Reviewer

Return on Investment

BusinessObjects SRC (Discontinued)

  • Thus far the BI team has been playing catch-up since our SAP implementation, as a good many important customer facing reports were left out of the implementation as a requirement for go-live.
  • The scalability and SAP data conversion are the real value.
Daniel Guzman | TrustRadius Reviewer

Wdesk

  • 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.
Anonymous | TrustRadius Reviewer

Pricing Details

BusinessObjects SRC (Discontinued)

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
Optional

Wdesk

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

BusinessObjects SRC (Discontinued)
7.9
Wdesk
8.7

Likelihood to Renew

BusinessObjects SRC (Discontinued)
7.8
Wdesk

Usability

BusinessObjects SRC (Discontinued)
9.0
Wdesk
9.0

Reliability and Availability

BusinessObjects SRC (Discontinued)
9.0
Wdesk

Performance

BusinessObjects SRC (Discontinued)
7.0
Wdesk

Support Rating

BusinessObjects SRC (Discontinued)
5.0
Wdesk
9.7

In-Person Training

BusinessObjects SRC (Discontinued)
6.0
Wdesk

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