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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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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!
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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 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
(1-11 of 11)Companies can't remove reviews or game the system. Here's why
October 26, 2022
No more manual tie outs, saves a ton of time!
Used Wdesk to create and update financial statements and other similar documents. It made it easier to update a single set of financials and have the numbers linked throughout the document, so an update in one area would lead to a refresh in all other areas the same tagged number was referenced. Previously, this would have been a very manual process, and things could have easily been missed leading to inconsistencies within the same document for the same number.
July 18, 2022
Review of Wdesk SOX Platform
We use Wdesk for our SOX program. The platform is also used as the financial reporting tool in my company.
May 26, 2022
Avoid WORKIVA is not what they advertise
Score 2 out of 10
Vetted Review
Verified User
We used it for Annual Reports and SEC filing. we are a mining company Problems: word and excel version 2007 very limited, force to redo all waterfalls, graphs, tables, etc. SYNC is a problem, very limited, unresponsive software creates massive files, once exported the format gets destroyed in WORD, creating duplicated files, once imported an EXCEL file loses all graphs, 99% of formulas, and all graphs. as you sync and made edits, you end up with 2 versions of the file. WORST experience ever. Microsoft TEAMs is being by far WORKIVA
March 29, 2021
Best in-class for SEC reporting
We use Wdesk for our SEC reporting and for our internal controls (SOX) processes. As such, Wdesk is localized within use of the Finance/Accounting and Internal Audit teams, though there may be interest to increase its use to other departments based on needs/wants. We also have Wdesk used by our external auditors and our legal counsel to review filings and to leave comments/ make redline changes before we finalize documents.
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.
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.
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.
We've implemented Wdesk in several departments in our organization. Our Financial Reporting team uses Wdesk to file the company's 10-K and 10-Qs. Legal uses it to file the Proxy Statement, and Internal Reporting uses it to file our quarterly press release 8Ks. We manage interdepartmental input on each document through permissions in the program.
October 23, 2017
Wdesk is a must have software for all Financial Reporting Teams
Our Global Financial Reporting Team currently uses Wdesk to help prepare our Earnings Release, Form 10-K, Form 10-Q, and IFRS financial statements. We are currently in the process of encouraging other departments to start using Wdesk as we see the incredible potential in the software and how it can help various processes. It helps address issues such as document control, consistent financial reporting, permission control, etc.
October 17, 2017
Wdesk - Harness the Power
I have been using Wdesk for SEC filings and just recently, involving other groups such as Treasury and Legal to use for their own unique filings such as registration related documents, conflict minerals, proxy etc, . The primary focus is SEC filings but with the recent implementation of Certifications, we are expanding the use of Wdesk in other areas, slowly but surely. Our goal is to expand the use of the Wdesk platform for other important functions such as SOX.
October 13, 2017
SEC Filing is in your control and fast
We use Wdesk for SEC Reporting. It's used by Accounting and external legal.