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Great learning experience
What do you like best about the product?
I have been using the Workiva SEC Reporting Solution for two quarters now and it has been a great experience so far. I really like the linking of the spreadsheet to the Q. It saves a lot of time because I don't have to copy/paste numbers from the accounting records to the shell. The accounting team works directly in the spreadsheet and the numbers are automatically updated through the publishing function. It avoids manual mistakes and it is easier to tie out. I also love the roll forward button since you just have to update the period number in the spreadsheet. I used to spend hours rolling forward every date and number but now it is done for me for less than 10s. This time saved helps me to focus on other important things, and the quality of my 10-Q keeps getting better each quarter.
What do you dislike about the product?
I find setting up the MDA section of the 10-Q/10-K very annoying. It takes weeks to complete, and I personally think it is a waste of time. I wish the Workiva team who does the initial setup of the financials and fn could also work on the MDA. I also struggle with tieing out in Workiva. The markup options are great but I wish they could be anchored to numbers or words. If you add even one word in a paragraph, markups could move so a lot of time is wasted before filing by moving boxes/markups around
What problems is the product solving and how is that benefiting you?
Workiva is approving the accuracy and quality of my filings due to the connectivity of the platform. It helps to connect people and data together, and it helps me to focus on what's most important.
Post Edgar Next Workiva Review
What do you like best about the product?
Since Edgar Next was introduced, filing documents has become a frustrating experience. In contrast, Workiva has streamlined the process as much as possible, and their team is always responsive and ready to help resolve any issues, guiding you through each filing step.
What do you dislike about the product?
Since they have flipped their product to new generation, the preparation of preparing and filing is easier than ever. Only once in a while to you get someone from customer service that cannot help you with the XBRL codes.
What problems is the product solving and how is that benefiting you?
I truly rely on their outstanding customer service—it makes a significant difference for me. I only wish that this level of support was available, or even something we could buy, for the other software platforms we use every day.
Friendly, knowledgeable customer service professionals
What do you like best about the product?
Timely feedback from customer service representatives. An abundance of training videos and written documentation to learn its software and improve efficiencies.
What do you dislike about the product?
More training videos would be helpful to learn software.
What problems is the product solving and how is that benefiting you?
SOX compliance, regulatory filings compliance and SEC filings
Workiva is a best-in-class solution.
What do you like best about the product?
Workiva is extremely easy to use and provides many features and benefits for SEC Reporting. It increases accuracy and efficiency. Compared to its competitors, it is much more efficient to use, in particular the XBRL process.
What do you dislike about the product?
I think that the attachments feature could be improved for one. I think linking between workspaces could also be simplified. I think that XBRL could be simplified further.
What problems is the product solving and how is that benefiting you?
Workiva solves the compliance requirements from the SEC and makes it easier and more efficient, as well as more accurate to complete the reporting on a quarterly basis.
Workiva - Makes my job easier
What do you like best about the product?
Workiva is user-friendly and intuitive. If I have a question, I can commonly find answers in the Help section. Their customer service is top-notch as well.
What do you dislike about the product?
I honestly don't have any downsides - Workiva works well and I have yet to personally see another platform that is superior.
What problems is the product solving and how is that benefiting you?
Version control, data accuracy, ability to self-XBRL tag are all huge benefits for us.
SEC Reporting
What do you like best about the product?
The certification process helps tie-out. The Wdesk Doc & SS functionality to track changes and to create blacklines. The workspace function for different team/organizations.
What do you dislike about the product?
Limited data usage in Wdesk SS, always receive error message saying the data exceeds xxx bytes etc.
What problems is the product solving and how is that benefiting you?
SEC Reporting benefits a lot from Workiva to make sure we have the single truth of data and can be used for different organizations such as SOX, FPA, Legal and more.
Great experience
What do you like best about the product?
Great customer service; they have always been quick to answer any issues we have. They continuously update the program and will listen to any recommendations you might have.
What do you dislike about the product?
I don't have any significant dislikes. At times, my team and I would experience glitches or performance-related issues that would slow down the overall experience.
What problems is the product solving and how is that benefiting you?
They worked on our entire SOX program; essentially we use Workiva/Wdesk for the company's testing period. It is fully integrated with multiple processes and stakeholders. We've experienced an increase in productivity and quality.
Workiva makes preparing SEC filings easy
What do you like best about the product?
It is easy to make/respond to comments, maintain version control and run blacklines. Filing is an easy to follow step by step process and Workiva reps are always available over phone/Zoom to help with any questions or walk you through a filing.
What do you dislike about the product?
Sometimes minor formatting issues arise in the Workiva version of a document when importing a Word document but this has gotten better in more recent versions.
What problems is the product solving and how is that benefiting you?
Workiva enables our company to prepare and file most SEC filings in-house as opposed to sending to an external service provider (i.e., financial printer) to format/file. In addition, Workiva makes sustainability reporting easier and more efficient.
It's pretty simple and seemless to use and understand.
What do you like best about the product?
Easy to learn how to use. I can train new staff easily.
What do you dislike about the product?
Viewing the descriptions on the data sections since you changed from allowing a "table" view. Bring the table view back!!!!
What problems is the product solving and how is that benefiting you?
ESG and our RACM.
Excellent for SEC filings.
What do you like best about the product?
Software is easy to use and allows people who are not tech savy to work within the software.
What do you dislike about the product?
The software is glitchy at times. During an SEC filing, this has the potential to cause serious problems for a company.
What problems is the product solving and how is that benefiting you?
I have not submitted a problem to workiva so I cannot answer this question.
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