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Workiva is a must tool for SEC Reporting.
What do you like best about the product?
The technology involved is simply amazing
What do you dislike about the product?
I really could think of something negative the way I use this tool. As always, I appreciate all the updates.
What problems is the product solving and how is that benefiting you?
Making the financing reporting process easier.
Workiva
What do you like best about the product?
Workiva is an exceptional cloud-based platform that simplifies financial reporting, compliance, and risk management with remarkable efficiency. Its user-friendly interface and robust automation features, such as real-time data integration and streamlined report generation, significantly reduce manual errors and save valuable time. The platform also helps with ease for collaboration which is helpful during busy times.
What do you dislike about the product?
Some aspects of Workiva needs better efficiency, such as referencing, there should be a tool where you are able to reference to last made reference as an ease to the user instead of having to click the reference button every time. There is also often some delays when scrolling or referencing.
What problems is the product solving and how is that benefiting you?
Its solving the ability to roll forward financial statements at ease, as well as being a great platform that helps collaboration for teams.
Streamlined Reporting with Strong Collaboration Features
What do you like best about the product?
The ability to link data across documents has been a standout feature — it ensures consistency and reduces the risk of errors when changes occur. I also found the collaboration features extremely useful, especially when working across departments or with external auditors. Everyone can work from the same version in real time, which has helped eliminate confusion and version control issues.
While there was a learning curve at first, once I got familiar with the platform, the workflow became much more streamlined. The audit trail and history tracking features also give a strong layer of transparency and control, which is critical in financial reporting.
While there was a learning curve at first, once I got familiar with the platform, the workflow became much more streamlined. The audit trail and history tracking features also give a strong layer of transparency and control, which is critical in financial reporting.
What do you dislike about the product?
In my experience, Workiva has been a highly effective tool for managing complex financial reporting. It improved accuracy and efficiency, especially with its ability to link data across documents and support real-time collaboration. These features helped reduce errors and made cross-team work much smoother.
One drawback, however, is the initial learning curve — it takes time to become fully comfortable with the platform’s interface and functionality. But once past that, it becomes a powerful and reliable tool for reporting.
One drawback, however, is the initial learning curve — it takes time to become fully comfortable with the platform’s interface and functionality. But once past that, it becomes a powerful and reliable tool for reporting.
What problems is the product solving and how is that benefiting you?
Workiva solves several key problems in financial reporting:
Manual errors and version control issues: By allowing linked data across reports and real-time collaboration, Workiva reduces the risk of inconsistencies and mistakes that come from working in disconnected spreadsheets or documents.
Lack of transparency and audit trail: Workiva provides a clear audit trail of changes, which enhances accountability and makes reviews and audits much smoother.
Manual errors and version control issues: By allowing linked data across reports and real-time collaboration, Workiva reduces the risk of inconsistencies and mistakes that come from working in disconnected spreadsheets or documents.
Lack of transparency and audit trail: Workiva provides a clear audit trail of changes, which enhances accountability and makes reviews and audits much smoother.
Make our life easy!
What do you like best about the product?
It makes documentation of work papers easy and retained in the same area
What do you dislike about the product?
It glitches sometimes that is why I don't like about it
What problems is the product solving and how is that benefiting you?
It solved the audit work papers documentation retention
Manager
What do you like best about the product?
Linking between spreadsheet and document.
What do you dislike about the product?
Getting to know a new software; inability to customize or filter on comments in dashboard.
What problems is the product solving and how is that benefiting you?
Being able to build consistency checks within the platform.
Worst technical support I have ever experienced.
What do you like best about the product?
The product gets the job done but reporting and document tracking within the product is not good.
What do you dislike about the product?
The technical support has been some of the worst I have ever experienced.
What problems is the product solving and how is that benefiting you?
FERC quarterly and annual reporting.
Room for improvement in certain areas to enhance the overall user experience.
What do you like best about the product?
The markup function in Workiva is intuitive.
What do you dislike about the product?
Handling large files can be challenging and could benefit from performance improvements.
What problems is the product solving and how is that benefiting you?
Customizable test forms would enhance flexibility and better meet individual project needs.
Workiva Makes Our SEC Filing Painless
What do you like best about the product?
Workiva's ability to track updates and allow multiple users to edit the file at once makes us more efficient in reviews. The ability to link numbers from a spreadsheet into the narrative saves us hours in tie-out as well. The integration with our proxy service is so easy as well.
What do you dislike about the product?
I really don't have any dislikes about Workiva.
What problems is the product solving and how is that benefiting you?
Workiva helps us keep track of our mountain of disclosures as we evolve.
Great SOX and Audit software!
What do you like best about the product?
Helps us be more efficient and productive. Easy to use and great customer service - having our own representative is super helpful and allows us to customize certain reports or dashboards easier. It was an easy implementation that we did ourselves with Workiva (no additional third party).
What do you dislike about the product?
As with any cloud service provider, occasional outages that interrupt service. However, Workiva usually does a great job of getting back online quickly.
What problems is the product solving and how is that benefiting you?
Automating our audit testing and simplifying duplication of efforts. We can update control wording in one spot and it is pushed/linked to all other areas. Easy dashboards show exactly our status and tracking vs. having to do that manually. Sharing with External Audit so they can go in and see status, pull in details for their testing, etc. makes it less administrative for us to resend to them directly.
A great tool continuously improved and well supported
What do you like best about the product?
With reasonable implementation efforts, Workiva enables teams to produce higher-quality draft filings sooner and faster. Time savings compound each year. The platform fosters cross-functional collaboration and preserves documentary support of filings. Workiva empowers us to make life a little easier for our future selves.
What do you dislike about the product?
Workiva (the company) could do a better job of supporting its champions in Legal Departments.
What problems is the product solving and how is that benefiting you?
The allocation of work between man and machine.
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