What users are saying about
82 Ratings
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Score 7.8 out of 100
24 Ratings
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Score 6.3 out of 100

Feature Set Ratings

    Budgeting, Planning, and Forecasting

    7.8

    BusinessObjects SRC (Discontinued)

    78%

    Wdesk

    Feature Set Not Supported
    N/A
    BusinessObjects SRC (Discontinued) ranks higher in 5/5 features

    Long-term financial planning

    7.0
    70%
    1 Rating
    N/A
    0 Ratings

    Financial budgeting

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Forecasting

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Scenario modeling

    6.0
    60%
    1 Rating
    N/A
    0 Ratings

    Management reporting

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Consolidation and Close

    7.7

    BusinessObjects SRC (Discontinued)

    77%

    Wdesk

    Feature Set Not Supported
    N/A
    BusinessObjects SRC (Discontinued) ranks higher in 6/6 features

    Financial data consolidation

    6.0
    60%
    1 Rating
    N/A
    0 Ratings

    Journal entries and reports

    6.0
    60%
    1 Rating
    N/A
    0 Ratings

    Multi-currency management

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Intercompany Eliminations

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Local and consolidated reporting

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Detailed Audit Trails

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Financial Reporting and Compliance

    8.6

    BusinessObjects SRC (Discontinued)

    86%

    Wdesk

    Feature Set Not Supported
    N/A
    BusinessObjects SRC (Discontinued) ranks higher in 5/5 features

    Financial Statement Reporting

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Management Reporting

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Excel-based Reporting

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Automated board and financial reporting

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    XBRL support for regulatory filing

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Analytics and Reporting

    6.8

    BusinessObjects SRC (Discontinued)

    68%

    Wdesk

    Feature Set Not Supported
    N/A
    BusinessObjects SRC (Discontinued) ranks higher in 6/6 features

    Personalized dashboards

    6.0
    60%
    1 Rating
    N/A
    0 Ratings

    Color-coded scorecards

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    KPIs

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Cost and profitability analysis

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Key Performance Indicator setting

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Benchmarking with external data

    3.0
    30%
    1 Rating
    N/A
    0 Ratings

    Integration

    9.0

    BusinessObjects SRC (Discontinued)

    90%

    Wdesk

    Feature Set Not Supported
    N/A
    BusinessObjects SRC (Discontinued) ranks higher in 3/3 features

    Flat file integration

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Excel data integration

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Direct links to 3rd-party data sources

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Governance, Risk & Compliance

    BusinessObjects SRC (Discontinued)

    Feature Set Not Supported
    N/A
    8.0

    Wdesk

    80%
    Wdesk ranks higher in 5/5 features

    Common repository of GRC items

    N/A
    0 Ratings
    8.1
    81%
    5 Ratings

    Risk management

    N/A
    0 Ratings
    7.8
    78%
    5 Ratings

    Integration with Corporate Performance Management (CPM) systems

    N/A
    0 Ratings
    9.0
    90%
    3 Ratings

    GRC policy management

    N/A
    0 Ratings
    7.8
    78%
    4 Ratings

    Incident management

    N/A
    0 Ratings
    7.2
    72%
    5 Ratings

    Attribute Ratings

    • BusinessObjects SRC (Discontinued) is rated higher in 1 area: Likelihood to Recommend
    • Wdesk is rated higher in 1 area: Support Rating
    • BusinessObjects SRC (Discontinued) and Wdesk are tied in 1 area: Usability

    Likelihood to Recommend

    7.9

    BusinessObjects SRC (Discontinued)

    79%
    4 Ratings
    5.2

    Wdesk

    52%
    11 Ratings

    Likelihood to Renew

    7.8

    BusinessObjects SRC (Discontinued)

    78%
    2 Ratings

    Wdesk

    N/A
    0 Ratings

    Usability

    9.0

    BusinessObjects SRC (Discontinued)

    90%
    1 Rating
    9.0

    Wdesk

    90%
    3 Ratings

    Availability

    9.0

    BusinessObjects SRC (Discontinued)

    90%
    2 Ratings

    Wdesk

    N/A
    0 Ratings

    Performance

    7.0

    BusinessObjects SRC (Discontinued)

    70%
    2 Ratings

    Wdesk

    N/A
    0 Ratings

    Support Rating

    5.0

    BusinessObjects SRC (Discontinued)

    50%
    2 Ratings
    9.7

    Wdesk

    97%
    3 Ratings

    In-Person Training

    6.0

    BusinessObjects SRC (Discontinued)

    60%
    1 Rating

    Wdesk

    N/A
    0 Ratings

    Likelihood to Recommend

    SAP

    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.
    Read full review

    Workiva

    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).
    Read full review

    Pros

    SAP

    • Dynamic reporting and consolidation of information from disconnected sources
    • Adaptability to needs of shifting business initiatives
    Read full review

    Workiva

    • 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.
    Read full review

    Cons

    SAP

    • 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.
    Read full review

    Workiva

    • 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.
    Read full review

    Pricing Details

    BusinessObjects SRC (Discontinued)

    Starting Price

    Editions & Modules

    BusinessObjects SRC (Discontinued) editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      Optional

      Additional Details

      Wdesk

      Starting Price

      Editions & Modules

      Wdesk editions and modules pricing
      EditionModules

      Footnotes

        Offerings

        Free Trial
        Free/Freemium Version
        Premium Consulting/Integration Services

        Entry-level set up fee?

        No setup fee

        Additional Details

        Likelihood to Renew

        SAP

        Looking for some alternatives, which are less expensive.
        Read full review

        Workiva

        No answers on this topic

        Usability

        SAP

        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.
        Read full review

        Workiva

        Overall it's a good-to-go product because of its features. It's easy to set up, meets requirements, has quality support, etc. So far, it has been working quite well for me, and I wish to continue using it for as long as it meets my requirements.
        Read full review

        Performance

        SAP

        Very long reports in SRC would take a long time to run (several minutes). However, shorter reports could be run quickly.
        Read full review

        Workiva

        No answers on this topic

        Support Rating

        SAP

        I did not use customer support.
        Read full review

        Workiva

        Workiva's technical support is impeccable and undoubtedly one of the best. The times we needed them, they were super quick and willing to help. It works 24 hours a day, and there will always be someone to help with doubts or technical problems regarding the tool.
        Read full review

        In-Person Training

        SAP

        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.
        Read full review

        Workiva

        No answers on this topic

        Implementation Rating

        SAP

        Program was already implemented when I joined.
        Read full review

        Workiva

        No answers on this topic

        Alternatives Considered

        SAP

        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.
        Read full review

        Workiva

        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.
        Read full review

        Return on Investment

        SAP

        • 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.
        Read full review

        Workiva

        • 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.
        Read full review

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