Overview
Product Information on Workiva Platform
What is Workiva Platform?
Workiva Platform Pricing
Overall experience with Workiva Platform
“Streamlined Reporting and Collaboration with Lessons Learned”
About Company
Company Description
Workiva is a document and data collaboration platform that helps teams work together to connect reports and data. It offers a unified Software as a Service (SaaS) platform, which combines financial reporting, audit management, and Environmental, Social and Governance (ESG) reporting, in a secure environment. The platform created by Workiva simplifies complex reporting and aids in streamlining processes, data synchronization, and team collaboration while maintaining consistency.
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Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
Reviewer Insights for: Workiva Platform
Workiva Platform Likes & Dislikes
Using Workiva is fairly intuitive and stands out for the following features: 1. Data linking: its robust data linking capability ensures consistency across reports by automatically updating connected figures and narratives, reducing manual errors and saving time. 2. Blacklining: the blackline functionality provides clear, audit-ready visibility of changes between versions, improving accuracy and accountability during review cycles. 3. Platform evolution: Workiva demonstrates a commitment to perpetual capability development and evolution, regularly introducing enhancements that increase functionality.
I like the Workflow automation feature that allows me to automate tasks that can be carried out in the background with my supervision, this allows me to multitask and reduces manual labor for me and my team. I also love how Workiva can analyze and link relevant data across various documents, providing deep insight for comprehensive reports and audits. Lastly, i like how Workiva makes it easy to collaborate and share information with other departments in our workforce in real time, this promotes inclusivity and transparency across all departments.
The ability to link the core number to anywhere I need it The ability for multiple people to be working on the same sheet Being able to control the access of different people to have good controls over each process
While Workiva delivers strong functionality overall, there are some areas for improvement: 1. Export limitations: as Workiva operates its own proprietary productivity environment (rather than MS Office), some complex formatting can be lost when exporting to MS Office (e.g. Word, Excel). 2. Limited analytics: with the focus being on reporting and governance, some of the analytics and visualisation capabilities are not as strong as some of the BI tools. 3. Pricing and licensing flexibility: generally considered a premium solution, costs can be higher than alternatives with limited options for seasonal or fluctuating needs.
I believe the platform delivers excellently on all its required tasks. I cannot think of any downsides to the platform, there is only room for more improvement.
Getting the API link from Oracle to Workiva was more troublesome than anticipated. The different links and where they come from can be quite confusing in the beginning but gets easier over time. The speed in which I am able to move around the system could be quicker.
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Peer Discussions
Workiva Platform Reviews and Ratings
- Finance Manager10B+ USDRetailReview Source
Streamlined Reporting and Collaboration with Lessons Learned
The platform has delivered positive benefits in connected reporting, collaboration and auditability; significantly reducing manual processing and improving governance and integrity. There are ample resources available to assist users in navigating and maximising the platform's capabilities. Furthermore, customer support is readily available and highly responsive in addressing queries. While the solution may come at a slightly higher cost compared to alternatives, the capability, reliability and efficiency gains have been clear. - Finance Manager50M-1B USDMediaReview Source
User Experience Highlights Ease Of Use And Real-Time Departmental Information Sharing
I have totally enjoyed using Workiva because it has helped me and my team tremendously by creating a collaborative environment that allows every member of the accounting team to work cohesively yet independently to achieve our goals and objectives. The platform has a clean and simple user interface that every team member can use without extensive training and the Workiva support team has worked hand in hand with my team to onboard the software and also provide assistance when required. My experience has been very satisfactory. - Finance Associate<50M USDBankingReview Source
Product Streamlines Organization and Team Collaboration But API Setup Poses Challenges
The product has been an excellent help in keeping us organized, optimized, and efficient. - FINANCE OFFICE ASSISTANTGov't/PS/EdEducationReview Source
Tracking Changes Simplified but Initial Interface Confusion Noted in Workiva Platform
Workiva Platform made my experience pretty good because I can track down the changes so every latest version is in my notes. I can look over the dashboard which provides me a clear image of my important things. - Acounts Supervisor50M-1B USDServices (non-Government)Review Source
Data Linking Features in Workiva Improve Reporting Efficiency and Accountability
Our experience with Workiva has been highly positive. It streamlines our reporting processes and improves collaboration across teams. Its ability to link data across documents and dashboards has made reporting accurate and efficient.