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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.
Transat
What do you like best about the product?
The workiva software allows several people to work on the same document and to make links between pages and documents so that the information is consistent. Once the implementation is complete, we should save time in producing the financial statements.o pro
What do you dislike about the product?
Some features and format of Excel are not supported.
What problems is the product solving and how is that benefiting you?
Consistency between reports and automated changes on multiple documents help us a lot, especially for last minute changes.
Recommendations to others considering the product:
Prepare the first presentation with your last report
Ease of use
What do you like best about the product?
It can be really helpful for observing the real-time status of certain workstreams.
What do you dislike about the product?
There are times when it logs out after just a few minutes of inactivity.
What problems is the product solving and how is that benefiting you?
Workiva solves issues regarding large-sized files loading faster
We have had a positive experience and Workiva's tech support is great.
What do you like best about the product?
The platform is very user friendly to use.
What do you dislike about the product?
Sometimes I struggle when trying to format a document. But I then end up reaching out to their support team who is amazing and help me through any issues I might have.
What problems is the product solving and how is that benefiting you?
Workiva has been making some great changes on the formatting side.
Somewhat overwhelming to navigate all of the many functionalities without a personalized guide
What do you like best about the product?
That we are in control of all edits and can efficiently manage our filing process
What do you dislike about the product?
That we do not have a dedicated service rep to help with formatting, last minute filing checklist and scheduled filings
What problems is the product solving and how is that benefiting you?
Able to manage the SOX controls process around our Q and K filings allowing us to be more effective and allows to link our filings to our earnings release
Recommendations to others considering the product:
Try to maximize as many functionalities as you can to justify the price of the tool
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