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Creates time for other things, no more multiple versions of soviments
What do you like best about the product?
I really enjoy the Real time collaboration
What do you dislike about the product?
Some excel functions aren't in the wdesk spreadsheet
What problems is the product solving and how is that benefiting you?
Project managing the ESG report, everything we do can be self contained in wdesk
Workiva is good platform for generating reports & analysis - scalability looks a bit tricky
What do you like best about the product?
Tool is Cloud based so Integration and data sharing is easy. Licensing cost is also cheap so was very helpful for our business units to use the tool at a regional level. Using is the tool is quite easy and user interface is also intutive in nature. Customer support we sparingly used because we have not scaled the use case (still TAT was lower for L1 tickets). Frequency of the usage was weekly with overall build time of around 2 weeks (implementation)
What do you dislike about the product?
Workiva is good platform for generating reports & analysis - scalability looks a bit tricky & also Microsoft products combination can do a similar job but needs certain customisation
What problems is the product solving and how is that benefiting you?
We were basically using Workiva for Audit purpose which needs to have centralised tool. We have also used FERC reporting which is also one of the unique feature of the tool. We were able to roll out our Audit report with shorter turn around cycle via Workiva & also it made use complaint from Audit perspective as we have shared the access to external agency as well.
Financial Reporting Workspace
What do you like best about the product?
The Connections function pushes infromation in one spreadsheet to another to promote an integrated environment. We are able to create a source of truth file, connect it to dependent spreasheet (such as monthly or quarterly workbooks) and then update the data as neccesary. The linking functionality is also a must have for financial reporting.
What do you dislike about the product?
The G sheet functionality versus Excel functionality means less spreadsheet power and there are commonly lag times in the enviornment. I also find the document formating to be clunky.
What problems is the product solving and how is that benefiting you?
We use NS to pull our financial reporting enviornment out of Excel to bring connected internal ansd external reporting. We have been able to create an enviorment to map to our Netsuite reports and generate financials quickly.
Convenient, easy-to-use, collaborative software
What do you like best about the product?
Track changes abilities of Workiva make review very easy. Leaving review comments with the ability to tag people is also very useful. Being able to concurrently make changes makes getting things done with tight deadlines possible as well.
What do you dislike about the product?
Slight bugs - sometimes when inputting formulas, there's a lag or the software is trying to process the calculations. Our workpapers are quite large so that's probably the reason but it wouldn't typically be an issue in something like Excel.
What problems is the product solving and how is that benefiting you?
Being able to collaborate at the same time as a team; being able to review more efficiently/effectively
Workiva, the best flexible and multi purpose tool
What do you like best about the product?
Flexibility and cooperation between users and admin.
Chance to create connection with source EPM/ERP system securely.
Easy access to support in case of needs and for everyday use.
The implementation is lighter and faster than a normal project.
Chance to create connection with source EPM/ERP system securely.
Easy access to support in case of needs and for everyday use.
The implementation is lighter and faster than a normal project.
What do you dislike about the product?
Costs of licence still too high compared to others systems in the market.
What problems is the product solving and how is that benefiting you?
Time saving accros multiple topics and possibility to integrate data from source system. Offers also history tracking, XBRL and linking bewtween multiple files.
Workiva for SOX Compliance
What do you like best about the product?
We are in our first few years of using Workiva for SOX and so far it has been a great tool for our team. We really enjoy the user interface and that it can be personalized for our needs/preferences. This year we are most excited to build upon the reporting functionality and create live dashboards/presentations that can be used for our executive reporting. We are also looking to expand using the compliance manager for other audits on the IT/PCI side.
What do you dislike about the product?
Exporting things out of Wdesk, especially on the reports side can be a bit clunky and requires some formatting once downloaded. We understand there is a push to encourage users to view reports directly in the platform but there are often times where an export is needed. We have put in help tickets and provided feedback and look forward to reports exporting cleaner in the future to reduce clean up work before providing ad a deliverable.
What problems is the product solving and how is that benefiting you?
One stop shop for our SOX compliance. This greatly streamlines our work and has once source of truth that the different team members can view at any time.
Workiva is a great tool for efficiency
What do you like best about the product?
Workiva has created so many efficiencies in our quarterly and annual reporting processes. The linking and automation capabilities allow us to spend more time in other areas, and allow us to have comfort over the process. The comments tool has also been very helpful in performing live reviews and being able to track. I use the blackline feature non-stop and it is a quick way to compare the document to a previous iteration or to a historical filing.
What do you dislike about the product?
The workbook is slightly different than excel and doesn't have all the same capabilities. I also wish it was simpler to perform a blackline to a separate folder within workiva.
What problems is the product solving and how is that benefiting you?
Automation/ Efficiency
Great Reporting Software
What do you like best about the product?
Workiva has a great dashboard and set-up for Financial Reporting. With the different Wdesk add-ins its made our data upload much quicker and more accurate. As well, whenever we do run into any problems they usually resolve our issues in the same day.
What do you dislike about the product?
Sometimes the software can run a bit slow during peak hours.
What problems is the product solving and how is that benefiting you?
Ease of data entry and organizatoin.
Seamless and collaborative
What do you like best about the product?
Ability to collaborate with preparers, reviewers and external auditors seamlessly and in real-time and still maintain version control with proper audit trail for all changes made.
What do you dislike about the product?
Wdata maintenance requires technical expertise and can be challenging when organisations go through changes or mergers and acquisitions.
What problems is the product solving and how is that benefiting you?
Annual reporting obligations required by the corporate regulator in Australia, New Zealand and Hong Kong.
Workiva is fantastic software that continues to stand out relative to the other options
What do you like best about the product?
Workivas continues to deliver results at scale for programs/projects involving many users dealing with sensitive data. The capabilities it has do not seem to be possible in other software platforms.
Additionally, I continue to be impressed by how Workiva seems to continue to change for the better every year. There always seems to be something to look forward to between new tools such as Process, Workiva Generative AI, and more.
Additionally, I continue to be impressed by how Workiva seems to continue to change for the better every year. There always seems to be something to look forward to between new tools such as Process, Workiva Generative AI, and more.
What do you dislike about the product?
The biggest downside I have with Workiva in 2024 is that lag can still happen on the platform. The "Process" tool was exceptionally difficult at times last year.
What problems is the product solving and how is that benefiting you?
Workiva solves the dilemma of how to store and actively work on many sensitive documents at once, especially when the documents are tied to each other.
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