Workiva Inc. (NYSE: WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading regulatory, financial, and ESG reporting solutions to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Our cloud-based platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data, and ensuring consistency.
Issues it solves
Organisations often experience challenges when preparing, reviewing, and publishing their financial, management, regulatory, or even ESG reports.
- Tedious and manual process to pull information from multiple systems into multiple spreadsheets, working documents, and reports
- Excessive time and effort spent on manual consolidation, validation, and reconciliation of data and reports
- Sub-optimal collaboration across different teams due to the lack of control and multiple contributors involved
- Back-and-forth communications to send and follow up on data requests, update and align on the latest versions of reports, and circulate drafts for review
- Lack of transparency throughout the process makes it difficult to understand who made what changes
These challenges result in more time spent on correcting the reports than on performing meaningful analysis, and the higher risk of errors consequently diminishes the confidence that stakeholders have in what is reported.
Workiva's open, intelligent, and intuitive platform is purposefully built to tackle the key challenges in the reporting process to:
- Automate the manual tasks of gathering data, updating numbers and narratives, assigning tasks, managing approvals, and more, giving you back the time to drive better decision-making and strategic insights
- Mitigate risks associated with inaccurate data by linking data points: change a data point at the source, and all instances linked across thousands of locations can be updated and accurate in seconds
- Eliminate issues with version control and multi-party collaboration with our cloud platform that allows granular permissions and enables internal and external teams to work simultaneously on the same documents anywhere, anytime
- Enhance transparency and accountability through full audit traceability into every activity on the platform, giving complete visibility into where data came from, how it changed over time, and who changed it
Customers across all industries have used the Workiva platform to help them simplify complex work for the following teams:
- Accounting and finance (CFO, finance controller, financial planning and analysis)
- Audit, risk, and compliance
- Operations (supply chain management, ESG, HR, operational reporting)