Ideagen CompliSpace helps high impact organisations in highly regulated industries meet their governance, risk and compliance obligations. This allows customers to focus on providing the highest quality service and care for those they serve. The solution is made up of three platforms: Policy, Learning and Assurance, working together to help customers meet their regulatory requirements. The policy platform provides a suite of policy content and procedures mapped to regulatory…
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Workiva
Score 8.1 out of 10
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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.
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Pricing
Ideagen Policy Logic
Workiva
Editions & Modules
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No answers on this topic
Offerings
Pricing Offerings
Ideagen Policy Logic
Workiva
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
Yes
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Ideagen Policy Logic
Workiva
Features
Ideagen Policy Logic
Workiva
Governance, Risk & Compliance
Comparison of Governance, Risk & Compliance features of Product A and Product B
Ideagen Policy Logic
9.1
1 Ratings
18% above category average
Workiva
7.9
6 Ratings
4% above category average
GRC policy management
9.11 Ratings
7.74 Ratings
Common repository of GRC items
00 Ratings
8.05 Ratings
Risk management
00 Ratings
7.75 Ratings
Integration with Corporate Performance Management (CPM) systems
Ideagen CompliSpace is great for keeping track of regular updates and reports with set repeating tasks for each user and team to keep up with. Where it falls short is the lack of feedback from the user to admin where external programs or solutions need to be used to keep the scope of tasks updated or changed.
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).
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.
I think there are still some rooms for improvement and updates to it but there are not any obvious or painful shortcomings that cause a disruption to regular workflow from what I've used it for.
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.
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.
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.
Ideagen CompliSpace has had an overall improvement to business performance with it's automated templates for tasks and procedures needed for reporting on a regular basis
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.
