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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.
Workiva as an audit collaboration tool
What do you like best about the product?
The status of the audit process can be easily known.
Helps corroboration and team collaboration.
Markups and test forms provide additional information.
Reviewer's can leave comments and feedback.
Helps corroboration and team collaboration.
Markups and test forms provide additional information.
Reviewer's can leave comments and feedback.
What do you dislike about the product?
If the status of all the workpapers is shown as a pie diagram, it can be helpful. (Eg :1/3 pie not started, 1/3 in progress, 1/3 completed)
The progress bar of not started, in progress, in review, complete as a horizontal bar can help assess the work done.
Search bar is only equipped to search by the title of the workpaper/contrlol. If that can accomodate additional search parameters, such as search by control description, it'll be greatly helpful.
Sometimes, it is difficult to get to the workpaper I want to open. The filters and sorting are user-unfriendly.
The progress bar of not started, in progress, in review, complete as a horizontal bar can help assess the work done.
Search bar is only equipped to search by the title of the workpaper/contrlol. If that can accomodate additional search parameters, such as search by control description, it'll be greatly helpful.
Sometimes, it is difficult to get to the workpaper I want to open. The filters and sorting are user-unfriendly.
What problems is the product solving and how is that benefiting you?
Workiva is a very extensive collaboration platform and storage cneter.
Filing Convenience
What do you like best about the product?
The 24/7 help services are truly unmatched!
What do you dislike about the product?
The XBRL errors can be finicky. For instance, there is an error message for filing dates after the current date, so this error will show until the day before filing.
What problems is the product solving and how is that benefiting you?
Workvia is an efficient platform for linking to multiple external documents and helps with file organization and task management.
Seroiusly the greatest!
What do you like best about the product?
It is so user friendly! I am not a systems person at all, but it took me no time to learn it! They have great quick cards and self help videos that are easy to use and learn. Their customer service is amazing! It seems they are constantly working on updates that have positive impacts to the work I'm doing. I use it all the time for everything ESG!I tell everyone about it!
What do you dislike about the product?
There's nothing that I dislike, although I have made a few requests for enhancements. Things like visibility for data approvers to see what tasks are outstanding from their data providers. In the current iteration, they can only see tasks that have been sent for approval. I also would love to see the certification become one within the task function and not separately.
What problems is the product solving and how is that benefiting you?
Our ESG processes have been revolutionized and we could not be happier! We have built out our greenhouse gas data collection, our sustainability reporting - metrics and content writing, water inventory, CBAM regulatory reporting, and working on CSRD.
An excellent data management tool
What do you like best about the product?
Workiva as a tool is very flexible and easy to use. It has features which are very much similar to a Microsoft Office tool hence it becomes easier for the users to adapt to this tool. It has an inbuilt Process which allows certifications to be sent to users for their attestation which acts as an audit tool too. You can have a word, spreadsheet and a slide deck created in this very easily. There are features where you can upload an external file into Workiva and export an existing file from Workiva to your local machine too.
What do you dislike about the product?
There aren't many but I would definitely want to use PDFs in Workiva in future as currently pdfs cannot be created and edited.
What problems is the product solving and how is that benefiting you?
I use Workiva to manage a lot of documents into the tool so that it can be easily accessed by all the users in one go at a single location. Further, I also use Workiva for sending monthly, quarterly attestations to the users for them to review certain flows and procedures on a regular basis and provide their confirmation. The output of Workiva is also used by us for auidt management as Workiva keeps a trail of all the activities performed through it.
A cornerstone of simplicity and efficiency
What do you like best about the product?
There are countless Workiva features that render it an indisposable driver of efficiency for collaboration. Workiva seamlessly allows several external and internal parties to effectively collaborate on a variety of SEC filings which has lead to real time information sharing. Workiva's ease of use and implementation across external parties has lead to more effective outcomes for our filing process. The customer support is also quick to respond to inquiries which our team has found valuable when running against SEC reporting deadlines.
What do you dislike about the product?
There are few dislikes to report about Workiva. One recommendation would be to promote trainings and other tutorials to empower users to fully learn the variety of Workiva features available.
What problems is the product solving and how is that benefiting you?
Workiva is helping to solve and reduce delays in information sharing among several parties involved in disclosure management, along with removing reliance on third party printers for SEC filings.
Helpful and Consistent Support
What do you like best about the product?
Our support team, including our Profesional Services Manager.
What do you dislike about the product?
Sometimes there is a little lag when creating links from the supporting workbooks - can be a bit frustrating when have a lot to link.
What problems is the product solving and how is that benefiting you?
Ability to have multiple parties viewing same document with different access abilities (i.e. our auditors have access to our 10Qs and 10Ks which is so much easier than having to circulate drafts).
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