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Great tool for filing
What do you like best about the product?
I enjoy using Workiva when filing SEC reports. It's very user-friendly and can access on the web. I think being able to leave comments on any document makes it easy to review and approve.
What do you dislike about the product?
When downloading reports to a word document, sometimes the formatting gets screwed up a little bit and makes it harder to review, especially when sharing those documents with auditors and upper management.
What problems is the product solving and how is that benefiting you?
Compared to a previous tool we used for filing SEC reports, Workiva allows users to collaborate in real-time. Users have access to updated data or see if their comments or review notes have been addressed. I like the 'resolve' button once a comment has been addressed, but the comment stays within the system. Good for audit trails.
Workiva has helped us utilize efficiencies within our reporting that has been very beneficial.
What do you like best about the product?
The most helpful feature is linking all of our external reporting documents to one source file, which helps ensure that if an amount gets updated, the change automatically flows through to the rest of our documents. This makes it easier to update all of our documents at once, and saves time on the backend of double-checking all amounts.
What do you dislike about the product?
One downside to Workiva is that sometimes around quarter end timing, the system seems to move slower or even crash at times, which can be frustrating as all the materials are time sensitive.
What problems is the product solving and how is that benefiting you?
I wouldn't say there are any direct problems that Workiva is solving solely for us, but that Workiva is constantly trying to add more features that aid the overall reporting process. These new features generally help create efficiencies and well as make the system overall more user-friendly.
Wdata is very powerful
What do you like best about the product?
Wdesk if very intuitive; one just needs to copy and paste. Our prior system had difficult codes to memorize and place in the correct position.
Wdata and Chains are very powerful to bring data in from other systems.
Wdata and Chains are very powerful to bring data in from other systems.
What do you dislike about the product?
We had Deloitte assist us as an integrator. I suspect that made things more complicated than what would have been ideal.
While the Chain tools is very powerful, there is no training on it available from Workiva or other third parties.
While the Chain tools is very powerful, there is no training on it available from Workiva or other third parties.
What problems is the product solving and how is that benefiting you?
Workiva is streamlining the 10-Q preparation process.
SEC reporting
What do you like best about the product?
software development always happens, this is very helpful
What do you dislike about the product?
i feel the cost is big high. Our organization has quite high fee but we are willing to pay, it will be better if cost can go down.
What problems is the product solving and how is that benefiting you?
for example, XBRL upgrade is very helpful, which makes the tagging easier.
Workiva is easy to use!
What do you like best about the product?
Workiva is easy to useand easy to copy. The files links to your backup and it is easy to update as needed.
What do you dislike about the product?
you have to publish each cell when you make a change
What problems is the product solving and how is that benefiting you?
everyone can get into the file at once
Wdesk Review
What do you like best about the product?
Wdesk is highly customizable, which can be great for all the different customers as they can get a customized software experience. However, the customization is not worth it in my opinion.
What do you dislike about the product?
Wdesk is very outdated and behind the times compared to competitors. The software is very laggy and constantly logs the user out of the system. The Testing Dashboard does not allow the user to read the whole control description of the controls and isn't customizable to the user needs. Updating any details within a control takes too long as you have to navigate to a separate "data" tab within the system. Comments aren't able to be attached to the appropriate spot every time. The sub-sections will randomly collapse within the test forms, and the data within the form will not always be saved appropriately.
What problems is the product solving and how is that benefiting you?
N/A
Workiva Review
What do you like best about the product?
The best thing I like about Workiva is the automation with Oracle fusion. We are able to create queries pulled from Oracle to help build our reporting package.
What do you dislike about the product?
Workiva tends to be laggy and slow, especially when I want to copy and paste data.
What problems is the product solving and how is that benefiting you?
Workiva helps automate our reporting, and saves me so much time. I used to manually update this in Excel without any automations with Oracle.
Wdesk works great for SEC reporting solutions compared to other solutions I have experienced.
What do you like best about the product?
The functionality within the platform, including linking and documentation rollforwards are very powerful. The company also invests in new features frequently.
What do you dislike about the product?
Over time the customer service levels from CSM's have decreased. I often have to solve my own problems/answer my own questions through self-learning.
What problems is the product solving and how is that benefiting you?
Workiva keeps us organized and saves time rolling from period report to period report. The linking is easy to trace for tieouts, reducing potential errors.
Workiva contacts are knowledgeable, responsive, and the platform is easy to work with.
What do you like best about the product?
They have responsive and knowledgeable customer service reps and a user-friendly platform that makes it easy to roll previous filings as a baseline for new filings.
What do you dislike about the product?
They increased their pricing and created a separate Stat Audit service (which we didn't need) so we could no longer create our Stat reports in the platform for free.
What problems is the product solving and how is that benefiting you?
They are creating ways to lock specific sections of filings or restrict access to specific sections which allows us to control who and when the draft can be edited.
Carrillo's All Star Review
What do you like best about the product?
Ability for multiple users to edit at a time. Ability to track who has made updates and when.
What do you dislike about the product?
Certification functionality should be more flexibtle, allowing for heirarchy rollups and restricted access across letters.
What problems is the product solving and how is that benefiting you?
Linking supporting files to main document streamlines processes and saves time of manual input. Also, able to have multiple folks in the document at once allowing for better collaboration.
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