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Wdesk has become an indispensable tool for various teams within the company. The Financial Reporting team relies on Wdesk to file …
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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.
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- Common repository of GRC items (5)8.080%
- Risk management (5)7.777%
- Incident management (5)7.070%
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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.
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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.
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Overview of the Workiva Platform
Workiva Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
Frequently Asked Questions
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.
Reviewers rate Integration with Corporate Performance Management (CPM) systems highest, with a score of 9.
The most common users of Workiva are from Enterprises (1,001+ employees).
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- 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)Companies can't remove reviews or game the system. Here's why
September 25, 2020
Data management isn't a big deal now.
It controls all the obstacles that come up during documentation, making spreadsheets, or preparing presentations because of its ability to handle cloud-based functionality. The real-time reporting feature makes it easy to track all our project activities. All kinds of risks can be tackled easily and control over each part of a project can easily be gained. Documents remain confidential and only authorized persons can view them. Tables can be created easily and the help section is very approachable.
- Project management
- Documentation
- Real-time tracking
- Effective & progressive reporting capablities
- Data stays relevant and easy to understand
- Limitations to spreadsheet formulas
- Basic design (User Interface)
- Works slow sometimes
- Lacks few creative options
- Excel formulas are limited to an extent
84%
8.4
- Automation in spreadsheets
- Efficiency has increased
- Workflow has become better
- FloQast and AuditBoard
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 comes to using a tool for documentation.
September 18, 2020
Wdesk is a great financial reporting and compliance solution.
We have been using the Wdesk software for just over two years, and we love the product as a whole and the company's level of excellence and transparency in customer service. The tool is used by some departments of the company, including ours. Wdesk is a cloud platform and with it, financial data is easily captured, prepared, and aggregated from different sources on a secure cloud-based platform, without complex configuration. I as a user create and model easily and without complications reports and analyzes linked to data for what we need, when, and where it is needed.
- Incredible support from Workiva and always bringing news and improving the product through community feedback.
- I think the product is easy to use, has a friendly interface and we feel safe to use it.
- Quick business vision and improved decision making with the help of software with real-time reports.
- Exceptional support service, very fast and they help you with everything you need and are super helpful.
- The price is a little expensive.
- I don't see anything negative or against this software anymore.
96%
9.6
- The Wdesk tool improves risk reduction.
- I believe that we have greater collaboration with more efficiency and automatic reporting.
- The Wdesk tool improves user productivity and decision-making based on reports.
September 18, 2020
Great tool if you have bandwidth for the implementation
Used to quickly update financial statements for our financial reporting team, reducing errors and improving productivity. It helps departments across the company reduce errors by allowing certain fields to be auto-updated throughout once the financial statements are updated. Previously, we used Microsoft Word, Excel, and PowerPoint and would end up spending hours manually fixing formatting when small updates were made to a write-up or table, but that all comes together much more quickly with Wdesk.
- Formatting
- Universal updates
- Difficult to implement
N/A
N/A
- Improved productivity
- Reduced busy work