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Outstanding Linking Features Enhance Workflow
What do you like best about the product?
I like the linking features in Workiva the most.
What do you dislike about the product?
I wish there were more keyboard shortcuts from Excel that I could replicate.
What problems is the product solving and how is that benefiting you?
Workiva gives our team the opportunity to collaborate in real time. It allows us to be more efficient while simultaneously working remote.
Time-Saving SEC Reporting with Collaboration, Needs UI & Pricing Tweaks
What do you like best about the product?
I really appreciate Workiva's collaboration features. These features are exceptional because they allow multiple people to work on the same document simultaneously without disrupting each other's workflow, which significantly enhances teamwork and productivity. Additionally, the audio track feature is another aspect I enjoy, as it combines with the collaboration tools to provide complete control and visibility over projects. This ensures that we can efficiently manage our tasks while maintaining clear communication and oversight.
What do you dislike about the product?
{"I find the user interface could be improved. It should be more intuitive, similar to how Google Docs operates, where you don't need to click in and out of various windows to edit text.","The pricing model needs consideration. I believe it is currently not as acceptable as it could be, impacting my likelihood to fully endorse the product.","The initial setup of Workiva was not easy. It required a considerable investment of time, and I needed an experienced consultant to assist with the process."}
What problems is the product solving and how is that benefiting you?
Workiva reduces error risks and saves time spent on manual reconciliation, enhancing SEC reporting and financial quality assurance. Its collaboration feature enables multiple users to work simultaneously, maintaining control and visibility.
Excellent Documentation, But Finding Past Submissions Is Challenging
What do you like best about the product?
Great documentation of control procedures and owners, easy to use and it has a nice dashboarding environment
What do you dislike about the product?
Hard to view/find previously submitted control requests
What problems is the product solving and how is that benefiting you?
Mainly used for auditing and working with third party consulting firms to ensure the company is meeting governance and audit requirements in different departments
Streamlined Collaboration and Compliance with Workiva
What do you like best about the product?
I find Workiva incredibly valuable for streamlining my financial reporting tasks, as it allows me to manage and update various financial documents like balance sheets and cash flow reports efficiently. The integration capabilities are impressive, making it easy to connect data from different sources and keep everything synchronized. The user interface is very friendly, which made the setup process surprisingly smooth despite an initial learning curve. The support team has been incredibly helpful, providing great assistance when needed. Workiva has significantly improved collaboration within my team by enabling real-time updates, commenting, tagging, and shared access. The automatic audit trail feature that logs every change is phenomenal, as it enhances both compliance and transparency. I am particularly fond of the prebuilt templates for financial reporting that are aligned with industry regulations, as they save time and ensure consistency. Additionally, the platform's ability to integrate seamlessly with various data sources simplifies publishing financial data without issues. Overall, Workiva has proven to be an essential tool, offering key benefits like real-time collaboration, integration capabilities, user-friendliness, strong support, and efficient data management.
What do you dislike about the product?
I dislike the limited customization options for reporting templates and dashboards in Workiva.
What problems is the product solving and how is that benefiting you?
Workiva streamlines financial reporting by automating data management, enhancing collaboration, and ensuring compliance. It eliminates manual data entry, reduces errors and inconsistencies, and allows real-time document collaboration, boosting team efficiency.
Efficient Data Linking and Time Savings, But High Investment
What do you like best about the product?
Since its implementation, I have appreciated the data linking feature, particularly because updates are reflected across all reports, notes, and compliance documents. The reduction in closing time and the significant decrease in manual registration are also excellent benefits that I value in Workiva.
What do you dislike about the product?
It is a good tool but I think the investment can be very high.
What problems is the product solving and how is that benefiting you?
This tool has been essential for helping us confidently comply with complex regulations, transforming the way we handle financial close and audit management by connecting these processes more effectively. It also enables us to address the new Carbon Accounting requirements in a manner that is fully auditable. Overall, it is excellent, significantly boosting both our efficiency and our ability to meet regulatory compliance.
User-Friendly, But RCM Needs Improvement for Holistic Review
What do you like best about the product?
user friendly functionality - easy to click around and use it
What do you dislike about the product?
I dont like the RCM its not easy to review and see holistically
What problems is the product solving and how is that benefiting you?
Easy to use audit managment system
Streamlined Financial Reporting with Reliable Support
What do you like best about the product?
I have been using Workiva primarily for financial reporting over the past six months, and it has greatly simplified my work processes. The initial setup was straightforward, with an easy installation process and an intuitive interface that made adapting to the software seamless. The customer support team was extremely helpful during the setup, smoothing out potential challenges. Workiva's ability to automate data connections has streamlined my reporting tasks, leading to significant improvements in workflow efficiency by saving time and reducing errors, thereby resulting in more reliable reports. The collaborative tools and real-time data linking features are invaluable, as they enhance team coordination and data accuracy. Furthermore, Workiva's seamless integration with other tools I use, like Asana for project management, ensures a cohesive working environment. The excellent customer support further adds value to the overall experience, making it a product I would consider repurchasing.
What do you dislike about the product?
I feel the customization options for reports in Workiva are somewhat limited. Sometimes, the templates feel repetitive, and I wish there was more flexibility to create more personalized reports.
What problems is the product solving and how is that benefiting you?
I use Workiva to streamline financial reporting, automate data connections, and ensure reporting accuracy, which saves time and reduces errors. This automation allows me to generate more reliable reports efficiently.
Global Internal Audit Review
What do you like best about the product?
Workiva is used to execute and report audits, align risk assessments with corporate strategy, and support SOX compliance milestones.
What do you dislike about the product?
Workiva lacks robust workflow management tools and operational risk features
What problems is the product solving and how is that benefiting you?
Previously, GIA used multiple disconnected platforms , which created inefficiencies in planning, execution, reporting, and knowledge sharing.
Efficient Regulatory Reporting with Traceability, but Costly Integration
What do you like best about the product?
I have been using Workiva for four years and find it invaluable for regulatory reporting, particularly for annual investor reports. It's incredibly useful for managing proprietary report reporting due to its strong traceability features. It eliminates the need for manual reconciliation across documents by linking data from the source of truth seamlessly. The role feature is indispensable, simplifying the process of quarterly closings by linking and formatting data from previous reports with just a click. Workiva integrates well with our ERP system and BlackLine for account closing, validating data efficiently. The SOC control feature is particularly beneficial, ensuring easy compliance which was challenging with office stalls. Its ability to centralize numerous data points and reduce team stress by managing complaints and risks is noteworthy. Additionally, the scalability of Workiva is impressive and highly valued, ensuring it grows with our evolving needs.
What do you dislike about the product?
I found the biggest challenge with Workiva to be the migration of data logic, which required intensive effort and time commitment to correctly define all master numbers from our source systems to integrate properly. Additionally, I think the cost associated with data connectivity and the ease of integration with new ERPs could be improved. These factors make the process more cumbersome than it needs to be.
What problems is the product solving and how is that benefiting you?
I find Workiva provides traceability to a source of truth, eliminating the need to manually reconcile numbers across documents, reducing errors, and minimizing team stress.
Huge time-saver and intuitive software but comes at a cost
What do you like best about the product?
The UI is slick and intuitive. The software itself is easy to pick up and understand. The ability to store key data within the system and then have documents link back to the data is a huge time and sanity saver. The team was able to get us set up and using the system within days of signing the order form.
What do you dislike about the product?
While customer support can be very helpful, there are certain forms that they will not assist with despite the hefty price tag.
What problems is the product solving and how is that benefiting you?
Workiva greatly simplifies the process of filing documents with the SEC over the traditional printer route. The ability to link data to a "spreadsheet" allows for mass updates of data rather than manually trawling through the document.
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