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I have used Workiva's financial reporting solutions for a dozen years now.
What do you like best about the product?
- Having a central platform (Wdesk) that serves as a single data source for financial reports and company filings
- The ability to automate time-consuming tasks by streamlining existing processes, thus providing a clearer presentation of information
- Ensuring accuracy across all documents (single source feeding multiple destinations), thus providing peace of mind
- Valuable customer service team that responds to my requests in a timely manner.
- The ability to automate time-consuming tasks by streamlining existing processes, thus providing a clearer presentation of information
- Ensuring accuracy across all documents (single source feeding multiple destinations), thus providing peace of mind
- Valuable customer service team that responds to my requests in a timely manner.
What do you dislike about the product?
There isn't much to dislike about Workiva. I think they have an awesome set of products. Just wish more departments at the company I work for would be willing to take a test drive (product demonstration) and see the benefits that I have experienced in using the product for more than a dozen years now.
What problems is the product solving and how is that benefiting you?
- One source with multiple destinations - ensuring that all disclosures of the same figure throughout all our external documents are the same
- Time savings
- Accuracy and completeness of disclosures
- Time savings
- Accuracy and completeness of disclosures
Filed about 5 audits in workiva
What do you like best about the product?
linking to finanancial workpapers, clean tracking of edit versions
What do you dislike about the product?
not easy to use. Need a lot of trainings.
What problems is the product solving and how is that benefiting you?
bringing financials in one place and allow cooperation between teams and auditors
Quality product and service
What do you like best about the product?
The people. The customer service has been spectacular at every turn.
What do you dislike about the product?
Some of the spreadsheet functionality can be frustrating. It's not Excel, but then nothing else really is.
What problems is the product solving and how is that benefiting you?
We use Workiva to file our quarterly SEC documents. Workiva makes the process seemless by allowing us to sync our support workbook with their platform, link numbers between documents, and create an easy to use XBRL and filing platform.
Streamlining SEC filings
What do you like best about the product?
Ease of use and constant inovation by the Workiva team to tailor the software to our Company needs
What do you dislike about the product?
Any downsides we came accross were fixed by our CSM
What problems is the product solving and how is that benefiting you?
Allowing us to group several procdures in one location
It’s easy and interesting!
What do you like best about the product?
I have experience with Workiva from working in cloud management. The most remarkable is its great user interface, which unifies multiple teams from different departments. The platform is designed to offer real-time business updates, and this retains everyone around the loop and promotes our cumulative reception of the events in a better way.
What do you dislike about the product?
But there are a few things to ask for perfection. They have sometimes not been very good on text formatting which is a problem if one wants to customize their documents. Moreover, the security profiles and system administrators’ roles would become more transparent, principally regarding software compatibility and documents uploading.
What problems is the product solving and how is that benefiting you?
Workiva has helped us address our data management and reporting concerns. This has made it easier to collect and share information within the organization, thereby enhancing decision-making and efficiency.
Workiva is great until its not
What do you like best about the product?
It is great to have al of our audit workpapers in one place and organized.
What do you dislike about the product?
Workiva has lots of glitches which is frustrating. The system sometimes goes down for days. Customizations are limited.
What problems is the product solving and how is that benefiting you?
Workiva keeps everything organized in one place. It is easy to see analytics with their various dashboards.
Easy to implement and deploy with great automation options
What do you like best about the product?
The ease of use. Ability to build a reporting pack for immediate use, and then incremementally evolve into a fully integrated-automated report. The fact that it's capabilities are very similar to Microsoft Offcie (Excel, Word and PowerPoint) - the learning curve is not very steep at all. Allows for greater autonomy.
What do you dislike about the product?
The 2M cell limit can be an issue for the larger reports
What problems is the product solving and how is that benefiting you?
Allows multiple users to access the one file at the same time. Allows for collaboration - with auditing and tracking
Valuable and Flexible Tool for External Reporting
What do you like best about the product?
I like the core function of being able to link text and numbers from a spreadsheet to a document, or to a presentation. Being able to trace the links throughout is also very useful. It's easy to implement, with just a few hours needed to set documents up. Workiva customer support consistently follows up and is very responsive. We use Workiva on a quarterly basis or more to set up our reporting and have recently started using the Attachments function as well.
What do you dislike about the product?
It's difficult to integrate Workiva into our existing system - even the sales team was not optimistic about this and I'm surprised, given the popularity of Workiva. The formatting on Workiva is very clunky, with frequent errors when adding rows or columns to tables. It's also difficult to open multiple windows at the same time, and keep them open - Workiva is quite an inefficient user of memory and every few hours needs to be closed to prevent slowing down the computer too much. The blackline tool in Workiva is not very "intelligent" - while I understand the basics behind the tool, it trails behind using MS Word or Adobe Acrobat for blacklining purposes.
What problems is the product solving and how is that benefiting you?
The main issue Workiva is solving is the current inability of MS Office to integrate multiple files and create connections. Workiva lets me do that on the cloud.
Ease of use
What do you like best about the product?
It is very intuitive. The look, functionality and feel of it is very similar to MS Word. It can perform calculations similar to MS Excel and I can copy and paste tables from Excel or Word to Workiva. What I like most is the linking feature. I don't have to worry about the footnote schedule not tying out to the related face statement as long as the numbers are linked between these two. Another favorite is the certification process. We're able to centralize the communication process within Workiva and print a document that shows the certifiers date and signature stamps without having to deal with the back and forth in Outloook.
What do you dislike about the product?
Currently, we can't see the old version of a document that has been milestoned. It would be nice to have this in future releases.
What problems is the product solving and how is that benefiting you?
Automation of financial statement preparation. We are looking to leverage Workiva for our internal request listing and we are currently working with Ashley B on this. This is another feature that will streamline the collection of data as an input for our statutory audits.
Perfect for the day to day audit work I complete.
What do you like best about the product?
Very easy to use, the customaization of everything is the best.
What do you dislike about the product?
Occasionally will not save text in text fields so I have to retype everything.
What problems is the product solving and how is that benefiting you?
Workiva benefits me becuase it is a one stop shop for all my workpapers.
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