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Effective and fast product
What do you like best about the product?
It is very intitutive in its operation and one can quickly understand its functionility in a quick time. It is very light weight and web based, which ensures quick functionality and easy use case.
What do you dislike about the product?
Though it has incredible amount of reporting facilities, one needs to learn them to get themselves familiarised.
What problems is the product solving and how is that benefiting you?
It is a good GRC tool and is customizable which benefits the organization in providing highly cost effective solutions without the need of high initial investments.
Amplify 2024
What do you like best about the product?
Workiva's platforms are very user-friendly, easy to implement/integrate (helpful CSMs and PSMs) and the technology is always improving and expanding offerings based on current needs of companies.
What do you dislike about the product?
I have not experienced downsides. It may not be affordable for smaller companies.
What problems is the product solving and how is that benefiting you?
Collaboration and version control!
Amazing platform to get filings down across multiple functions and no version control fiascos
What do you like best about the product?
The ability to have mutliple users updating the same document at once without overwriting or dropping changes. Plus the ability to pull down different versions to the minute, allows for easy recall of prior versions/language as needed. Customer support team is also amazing to work with
What do you dislike about the product?
Very difficult to imput graphics (e.g., charts and visuals) due to the interface not being as flexible/integrated with the MSFT office SmartArt or excel charting
What problems is the product solving and how is that benefiting you?
Allows for us to work directly on clients' disclosures without having to be in an email chain with multiple versions floating around. Eliminates the fear that we are working on outdated version when we provide our guidance/suggested edits
Increase financial reporting efficiency with Workiva's customizable features.
What do you like best about the product?
The most valuable aspect of Workiva is that it has features that are easily customizable and very helpful in increasing the efficiency of our financial reporting. This is because it is possible to link the data from the various sources to ensure that there is harmonization in all the reports that we produce. Another advantage of the roll-forward option is that it helps to transfer data from previous reports hence reducing inputting. Integrated communication is possible by adding comments directly on the platform, thus increasing the chances of efficient communication and problem solving.
What do you dislike about the product?
There is a delay in the program’s response when entering text fields, especially large ones, or when pasting images in Workiva. It can sometimes be slow in its response to commands, particularly when typing like in Word or Excel during rush hours, which is quite frustrating.
What problems is the product solving and how is that benefiting you?
Workiva assists in the accomplishment of the tasks associated with compilation and tracking of financial data from multiple sources.
SOX Auditor
What do you like best about the product?
It is easy to use for everyday activities. Also, the customer service team is very helpful.
What do you dislike about the product?
There could be a chat option to chat with customer service.
What problems is the product solving and how is that benefiting you?
Reviewing audit controls. Sending audit requests and providing updates to audit managers.
Workiva for Financial Reporting
What do you like best about the product?
1. Ease of use
2. Number of features
3. Integration between workspaces
4. Customer Support
2. Number of features
3. Integration between workspaces
4. Customer Support
What do you dislike about the product?
1. The spreadsheet is not as good as excel.
What problems is the product solving and how is that benefiting you?
The seemless quarterly rollforward including linking and other useful features that's helping with time management.
Easy filing
What do you like best about the product?
Many users may be in application at one time.
Linking helps keep errors under control
Linking helps keep errors under control
What do you dislike about the product?
Help in using features is not directly connected.
What problems is the product solving and how is that benefiting you?
Easy to roll current filing into the next
Satisfactory Services from Workiva
What do you like best about the product?
My experience with Workiva is excellent. 24*7 assistance and readiness to help makes life easy.
What do you dislike about the product?
There is nothing I dislike about Workiva
What problems is the product solving and how is that benefiting you?
Using workiva for SEC reporting, and Workiva is providing XBRL tagging facilities.
Making financial statement preparation seamless
What do you like best about the product?
I've worked with Workiva very frequently for a long time now, and it has made preparing financial statements a breeze. I really like its linking features between the Excel and Word files, its ease of use and implementation, and how easily it is to upload external workpapers into Workiva as well as download existing Workiva files locally. Workiva is easy to pick up and use - I only need to do one or two trainings with my team in order for everyone else to also be able to pick it up. I also appreciate the folks at Workiva being readily available to hop on a call to troubleshoot things with us if we have any questions.
What do you dislike about the product?
1) It can be hard to get real help in the Live Chat or call function—emails to the relationship managers seem to be the best bet for customer support.
2) Workiva is sometimes pretty slow, though I understand the complexity of integrating Excel and Word.
3) The XBRL linking can be very confusing - I often don't understand what the errors mean in the validation work.
4) I wish Workiva had a tie-out / footing for when numbers are rounded. Sometimes after displaying in thousands (or higher, like millions), the numbers don't tend to foot or tie out.
2) Workiva is sometimes pretty slow, though I understand the complexity of integrating Excel and Word.
3) The XBRL linking can be very confusing - I often don't understand what the errors mean in the validation work.
4) I wish Workiva had a tie-out / footing for when numbers are rounded. Sometimes after displaying in thousands (or higher, like millions), the numbers don't tend to foot or tie out.
What problems is the product solving and how is that benefiting you?
Workiva solves the problem of bridging the behind-the-scene working in Excel form to the Word-form financial statements that are to be presented to financial statement users. Additionally, it solves the problem of knowing how to publish filing to the SEC site and the associated quirks (XBRL, etc.). I only get to use Workiva on some of my clients, and so I miss Workiva every time I don't get to use it.
Helpful partners and tool
What do you like best about the product?
Great collaboration tool and integrating multiple source system.
What do you dislike about the product?
Workiva's reliance on external vendors like Deloitte for integrations and routine maintenance
What problems is the product solving and how is that benefiting you?
Creating an "audit ready" reporting and data collection process.
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