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Great Product
What do you like best about the product?
I have not had much experience with other financial statement filing tools, but with that said I don't believe I need to. Workiva is a great product delivering on its stated values. The support team is great!
What do you dislike about the product?
Sometimes the features can be glitchy or slow to respond (uploading support, search function, etc.)
What problems is the product solving and how is that benefiting you?
The problem of having a central location for a live document which users can simultaneously work on
Utilization of Wdesk (Workiva) for all audit related activities and processes.
What do you like best about the product?
Workiva offers a great platform called Wdesk, which allows us to complete all of our audit activities in one centralized location. We believe in a test one, use many, approach and this platform allows us to achieve that goal.
What do you dislike about the product?
In some instances there are features I believe could be expanded on, however, they are minor. For example, I am able to create a file folder, be the owner of that folder, but I do not have the ability to rename the folder.
What problems is the product solving and how is that benefiting you?
Workiva is helping us solve the problem of completing audit activies in multiple locations. Before, we were using email, teams, document repositories, and other communication methods to complete our audits.
Workiva Wdesk Review
What do you like best about the product?
The upsides about using Workiva is the collaboration capabilities, being able to work together at the same time. I don't think there is any other product like it - we have explored cost cutting initiatives at different companies and decided to keep Workiva due to its unique product. It has worked well at multiple organizations I've been at. Additionally, the support desk has been helpful and timely to help any issues at the organization.
What do you dislike about the product?
Workiva is still not a replacement for Word/Excel/Powerpoint at most organizations, especially rolling out to other teams or executives. Organizations do not want to learn another application and there is generally some push back to adapt - as a result, we usually have to do a hybrid of Workiva and Microsoft. The Spreadsheet and Presentation functionalities are not as robust as Microsoft and most places I have been at do not prefer to use it.
What problems is the product solving and how is that benefiting you?
The biggest problem Workiva is solving for me is the collaboration aspect. We have very large documents that involve many stakeholders and reviewers. The capability to maintain the most updated version is key (and to avoid version control issues).
User friendly software
What do you like best about the product?
I like that Workiva is very user friendly and intuitive. It mimics microsoft word. I use it almost every day during quarter close. The features I use the most include the syncing features and linking features. Customer service has always been friendly, and they scheduled calls with us when new updates are made.
What do you dislike about the product?
Downsides of Workiva include that it can be slow at times.
What problems is the product solving and how is that benefiting you?
Workiva is solving the problem of combining a work place and filing program.
Robust financial reporting software
What do you like best about the product?
Plenty of features and constant upgrades. It makes our financial reporting process much easier and efficient.
What do you dislike about the product?
I have experienced the servers gonig down while working (rare occurance).
What problems is the product solving and how is that benefiting you?
Providing a software for efficient financial reporting.
Great tool for real time collaboration and data integrity
What do you like best about the product?
Workiva's real-time editing and collaboration features make completing documents or presentations among a team a breeze. Being able to flag or comment on certain sections for users to review and receive real time edits and feedback help produce awesome reports on the fly.
What do you dislike about the product?
I think the comment mentions/notifications via email could be improved upon, particularly if you have it set to consolidated daily emails.
What problems is the product solving and how is that benefiting you?
Workiva is helping us work quicker and managing version controls of draft documents or presentations. Being able to create milestones and manage various draft versions throughout the processing and review process is super helpful.
Collaborative Powerhouse for all Teams
What do you like best about the product?
It's extremely user friendly and has a minimal learning curve if you are able to use Excel or PowerPoint. The features are designed very similarly and are fantastic for team collaboration. The linking feature also allows seamless automating of many tasks that would have otherwise required manual updates.
What do you dislike about the product?
Would be nice to be able to use Excel keyboard shortcuts (Alt keys) to be able to be more efficient with formatting functions. Alternatively would like to see hotkeys for some of the most commonly used features like format painter.
What problems is the product solving and how is that benefiting you?
Helping to centralize large sets of data across hundreds of users (that all submit datapoints) to our team. It helps us be able to manage this a lot easier as we have all spreadsheets linked to the final PowerPoint decks.
Pretty decent
What do you like best about the product?
navigation around site is pretty easy...
What do you dislike about the product?
For our company, sometimes performance is slow and non-responsive
What problems is the product solving and how is that benefiting you?
Overall, Workiva allows our Organization to document all of our audit documentation in one location for all team members to use
not very good use case for internal documentation repository
What do you like best about the product?
it a centralized repository of all past documentation, so making document retrival easier.
What do you dislike about the product?
Can't input NPI information as this is a third party platform.
The embedded spreadsheet is not as user friendly as excel.
Records sometime would be erased randomly.
Can't retrieve document audit trail or version control.
The embedded spreadsheet is not as user friendly as excel.
Records sometime would be erased randomly.
Can't retrieve document audit trail or version control.
What problems is the product solving and how is that benefiting you?
centralizing internal audit/second line testing documentation
Inconsistent products, some good features but many pain points
What do you like best about the product?
Blackline function, tracking of who makes changes
What do you dislike about the product?
The excel within workiva does not have all of the features that excel does which makes doing work much more time comsuming. Formatting is challenging and changes without me trying to, with the accidental slip of the mouse.
What problems is the product solving and how is that benefiting you?
None, it is replacing a different product that also had its strenghts and weaknesses
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