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Workiva for Impact Report
What do you like best about the product?
We use Workiva to collaborate and draft our impact report. I like the comments/tagging interface and its ability to track changes. It seems to work better than a Word document. I also like the data point submission
What do you dislike about the product?
We wanted to use Workiva for CDP disclosure but found we weren't able to. Also I find it confusing to navigate the home page and find the files that I'm tagged in
What problems is the product solving and how is that benefiting you?
Better process to draft our ESG report
Workiva Platform Excels at Reporting for Management Control
What do you like best about the product?
The Workiva platform provides an excellent platform for financial reporting. It's ease of use for creating consolidated financial reports, ability to interface with excel-based data and its dexterity for constructing reporting documents for management use make it a central tool in the control of data. Its data warehouse quality also permits multiple users across various systems to access and share information frequently. Workiva is a tremendous improvement over our previous financial and management reporting systems and has led to significant efficiency gains.
What do you dislike about the product?
I have not experienced significant issues with Workiva. Once implemented with any required customer support, it has been smooth sailing for me.
What problems is the product solving and how is that benefiting you?
Workiva has helped me solve the problem of retrieving multiple pieces of accounting and business information that are stored across various locations. By centralizing this information, making it easier to interpret, faster to retrieve and permitting sharing, this system has made my data recovery more reliable and faster.
Senior Financial Reporting Manager
What do you like best about the product?
Friendly user interface and support from Workiva staff.
What do you dislike about the product?
Occasional errors and requires refreshing of the document.
What problems is the product solving and how is that benefiting you?
They're solving problems related to financial reporting and SEC required filings.
All-in-one solution: more secure, more efficient, and a pleasure to use
What do you like best about the product?
I have used Workiva for several years across multiple companies—both as outside counsel and in-house counsel. I use Workiva on a near-daily basis, to draft, review and file countless 8-Ks, 10-Ks and 10-Qs, proxy statements, prospectuses and offering memoranda. It is truly an all-in-one solution for drafting, review and filing, eliminating inefficiencies and potential points of error that previously arose from trading drafts among multiple stakeholders and sending filings to a financial printer. The all-in-one nature of Workiva gives us peace of mind that sensitive information is more secure than it would be when sharing email drafts and using multiple third-party solutions.
The product is impressive. First, I’ve found Workiva is an invaluable tool for collaboration among internal finance, internal legal and outside counsel. Before using Workiva, questions would take days to resolve, waiting until the next turn of the document was emailed for review. That process also led to version control issues, repetitive questions and duplicated efforts. Now, questions are resolved quickly and efficiently through comment threads in Workiva, ensuring all parties are aligned, and eliminating time spent on emails or calls (and the associated expense of time billed by outside counsel). Second, I love the wide range of integrations and that all parties can view source workbooks, eliminating questions about how a figure was calculated and simplifying the tie-out process. Third, the ability to use Workiva’s interface to file directly rather than sending to a financial printer has reduced costs, time spent waiting for proofs, proofing and correcting errors. Finally, Workiva’s interface is relatively intuitive and simple to use. When I was outside counsel, it wasn't difficult to start using Workiva, even with no training or prior experience. If questions arose, the customer support I have received has been largely very prompt and helpful—far above the customer support received for other SaaS programs I use.
The product is impressive. First, I’ve found Workiva is an invaluable tool for collaboration among internal finance, internal legal and outside counsel. Before using Workiva, questions would take days to resolve, waiting until the next turn of the document was emailed for review. That process also led to version control issues, repetitive questions and duplicated efforts. Now, questions are resolved quickly and efficiently through comment threads in Workiva, ensuring all parties are aligned, and eliminating time spent on emails or calls (and the associated expense of time billed by outside counsel). Second, I love the wide range of integrations and that all parties can view source workbooks, eliminating questions about how a figure was calculated and simplifying the tie-out process. Third, the ability to use Workiva’s interface to file directly rather than sending to a financial printer has reduced costs, time spent waiting for proofs, proofing and correcting errors. Finally, Workiva’s interface is relatively intuitive and simple to use. When I was outside counsel, it wasn't difficult to start using Workiva, even with no training or prior experience. If questions arose, the customer support I have received has been largely very prompt and helpful—far above the customer support received for other SaaS programs I use.
What do you dislike about the product?
For some types of documents, formatting can be challenging. Within the Workiva platform, it sometimes can be difficult to create the layouts desired in the SEC filing tool. That being said, I have always been able to tag in a Workiva specialist for formatting help, and within minutes, we can typically achieve the desired result. If not for this, the formatting difficulties would be a much bigger pain point. Another pain point is that downloads to Word format (which are requested by some stakeholders) often result in formatting and numbering changes. If this could be improved, it would help eliminate unnecessary questions and comments about issues that don't actually exist.
What problems is the product solving and how is that benefiting you?
Workiva eliminates disconnects between internal finance and internal legal in preparing SEC filings, which had previously been a source of inefficiencies and frustration. Time saved and efficient resolution of questions/concerns has made this function of my job run much more smoothly.
Workiva is Efficiency
What do you like best about the product?
It makes our quarterly and annual process so much easier to navigate and manage. It allows our team to work simultaneously on different parts of our document to increase efficiency.
What do you dislike about the product?
It does not have the full capabilities that excel has, but it is very close.
What problems is the product solving and how is that benefiting you?
It helps us to manage and control our SEC processes
Has been very useful in consolidating big documents like the Capital Plan, Resolution Plan etc
What do you like best about the product?
The collaboration aspect where multiple contributors can work on the same document
What do you dislike about the product?
Their presentation layer is still not very good.
What problems is the product solving and how is that benefiting you?
Collaborating on a big document and consolidating information
Powerful, collaborative, and customizable tool
What do you like best about the product?
Makes it easy to produce filings yourself and collaborate with stakeholders. Fairly easy to use with WYSIWYG editing. Formatting tools make it possible to create more formatted documents like a proxy statement right in WDesk. Customer support has also been stellar.
What do you dislike about the product?
Layout tools could be even more powerful. Track changes could be more multiplayer.
What problems is the product solving and how is that benefiting you?
Create filings without external counsel.
Life Time Workiva Review
What do you like best about the product?
How user-friendly it is and how easy it is to perform testing.
What do you dislike about the product?
Some of the limitations when it comes to the comment feature. Unable to put testing comments into a category similar to comments on the files.
What problems is the product solving and how is that benefiting you?
Organizing our control suite and testing platform. Makes it easy to have all SOX data in one platform.
Workiva is extremely helpful
What do you like best about the product?
Organizes and automates rote processes outside of e-mails
What do you dislike about the product?
Sometimes reporting is less than user friendly
What problems is the product solving and how is that benefiting you?
Automation of audit requests
Formalization and standardization of audit workpapers
Central location for control documentation
Certifications process
Formalization and standardization of audit workpapers
Central location for control documentation
Certifications process
Easy to use and track
What do you like best about the product?
Easy to use. Track changes. I like how it stores historical files.
What do you dislike about the product?
The platform is not easy to view on mobile phones.
What problems is the product solving and how is that benefiting you?
version control.
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