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Tough learning curve but worth the effort
What do you like best about the product?
The filing system as well as the customer service availability and promptness
What do you dislike about the product?
the steepish learning curve especially for boomers
What problems is the product solving and how is that benefiting you?
SEC filings and financial statement drafting.
Used tool for SEC filing
What do you like best about the product?
Easy to use, and has a lot of good functions
What do you dislike about the product?
Some features needs to be added, for example, tags can't be carried over right now
What problems is the product solving and how is that benefiting you?
filing 10Q 10K
It has improved the communication greatly in auditory process
What do you like best about the product?
It centralizes all the information in a clear an comprehensible way, and it registers old information.
What do you dislike about the product?
Nothing really, I think it is a great improvement
What problems is the product solving and how is that benefiting you?
The communication gaps between the organization and different tunctional areas
Awesome platform for private and public companies alike
What do you like best about the product?
Running redlines, linking objects, review capabilities, support provided
What do you dislike about the product?
We get a file size limit that makes us separate our cash flow and core financials even though file is not that large
What problems is the product solving and how is that benefiting you?
Inconsistencies in financial statements, auditability
Review
What do you like best about the product?
Accessibility and ease of editing filings
What do you dislike about the product?
Lack of support with formatting and iXBRL
What problems is the product solving and how is that benefiting you?
Turn around time of drafts is more efficient
Sr Financial Analyst
What do you like best about the product?
Collaboration with other people here. Tips on how others use the platform.
What do you dislike about the product?
Some sessions have been high level and not many take always.
What problems is the product solving and how is that benefiting you?
Consistency in reporting and ever changing requirements they provide great solutions.
External Reporting
What do you like best about the product?
Cloud based. Can access anywhere and symmetry between documents is good.
What do you dislike about the product?
Can be slow. xBRL integration could be more user friendly.
What problems is the product solving and how is that benefiting you?
Preparing financial statements for a multi billion dollar company across many users in different locations.
The financial reporting tool that has it all
What do you like best about the product?
Saves us time when rolling forwards the financial statements and footnotes. User friendly. Allows us to perform reviews seamlessly with our team and within the greater accounting org
What do you dislike about the product?
Can be slow based on internet quality. The comment feature can be difficult to sort through.
What problems is the product solving and how is that benefiting you?
It is helping us stay consistent with footnotes and allow us to perform the appropriate level of reviews across the org. Also allows us to seamlessly file with the SEC knowing that it's had a quality control review
I'm very happy with the solution Workiva provides.
What do you like best about the product?
The linking capabilities within the tool
What do you dislike about the product?
In my experience, rounding has been an area of concern
What problems is the product solving and how is that benefiting you?
Not applicable, but I intend to learn some new things at the upcoming Workiva conference
Work on the same audit with your colleagues.
What do you like best about the product?
Workiva has dramatically improved the automation of financial and regulatory reporting. Since many of Workiva's tools operate similarly to Excel and Word, accountants will find it simple to master the software. Multiple users can collaborate in real-time on a single document and establish contextual links between related files to ensure data integrity using Workiva.
What do you dislike about the product?
The printing feature could benefit from some improvement. I would be glad if each row could be printed on a separate page. Besides, it would be wonderful if margins could be adjusted as necessary within the application. When exported to Excel, these issues vanish.
What problems is the product solving and how is that benefiting you?
Productivity enhancement is one of the most noticeable benefits of implementing Workiva. Our company utilized Excel for many of our reporting needs, frequently reloading the exact data for different purposes. Moreover, consistent reports and automated modifications to multiple documents simplify last-minute adjustments significantly. Our larger projects now require approximately 70 percent less time than they did in the past.
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