Workiva

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Workiva
Score 8.2 out of 10
N/A
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.N/A
Pricing
Workiva
Editions & Modules
No answers on this topic
Offerings
Pricing Offerings
Workiva
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
No
Entry-level Setup FeeNo setup fee
Additional Details—
More Pricing Information
Community Pulse
Workiva
Considered Both Products
Workiva
Chose Workiva
Before using Wdesk, tie-outs were completed via an Excel table. This provided a good format for financials and linking, but the actual text and paragraph style areas of the financials being prepared are better suited to Word than Excel. Wdesk combines the best of both tools, …
Chose Workiva
The software is easy to implement and not pricy.
Chose Workiva
This software comes in handy where the organization's strength is greater than 1000 employees. Quality of support is almost equivalent to others as far as I know so that won't be an issue. Ease of use hasn't been a big obstacle. Also, it meets the usual requirements when it …
Chose Workiva
I liked Merrill Bridge and Wdesk. I'd be happy with either one, as both have a user interface that's simple for seasoned users of the Microsoft suite of products. We use Wdesk because there's a large network of Wdesk users in this community, there are lots of training resources …
Chose 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 …
Chose Workiva
Merrill. Just so much easier to file, so much time saved. But formatting new documents can be a real pain and is something Merrill would do for you (at a cost of course).
Top Pros
Top Cons
Features
Workiva
Governance, Risk & Compliance
Comparison of Governance, Risk & Compliance features of Product A and Product B
Workiva
7.9
6 Ratings
4% above category average
Common repository of GRC items8.05 Ratings
Risk management7.75 Ratings
Integration with Corporate Performance Management (CPM) systems9.03 Ratings
GRC policy management7.74 Ratings
Incident management7.05 Ratings
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Workiva
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Score 8.8 out of 10
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User Ratings
Workiva
Likelihood to Recommend
5.5
(11 ratings)
Usability
9.0
(3 ratings)
Support Rating
9.7
(3 ratings)
User Testimonials
Workiva
Likelihood to Recommend
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).
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Pros
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.
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Cons
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.
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Usability
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.
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Support Rating
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.
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Alternatives Considered
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.
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Return on Investment
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.
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