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Workiva

Enterprise reporting platform that connects to multiple data sources in order to measure productivity and compliance

Streamlined financial reporting and compliance software.

Overview

Workiva is a cloud-based software solution designed to simplify the process of financial reporting and compliance. Boasting a wide range of features, including data linking, document creation, and team collaboration, the software is geared towards businesses of all sizes.

Key Features

Data Linking: Workiva enables users to link data across various documents and presentations. This key feature ensures that all financial data remains consistent and up-to-date across all platforms.

Document Creation: With Workiva, creating complex documents and presentations becomes a seamless task. The software provides a comprehensive set of tools for creating, editing, and formatting documents, thus enhancing productivity.

Team Collaboration: Workiva features a robust collaboration functionality that allows teams to work together in real-time. It also provides detailed audit trails, enabling teams to track changes and maintain accountability.

Performance

Workiva performs excellently in managing financial data and ensuring compliance. The software is highly reliable and boasts robust security measures to protect sensitive financial data. Furthermore, it offers a user-friendly interface, ensuring an easy and intuitive experience for all users, regardless of their technical expertise.

Pros

One of the main advantages of Workiva is its powerful data linking feature which ensures consistency of financial data across all documents and presentations. Additionally, the software's document creation tools are comprehensive and user-friendly, making it easy to create sophisticated financial reports. The collaboration feature also proves to be a significant asset, enabling teams to work together effectively and maintain accountability.

Cons

On the downside, some users have reported that Workiva can be somewhat complex to navigate initially. This is particularly true for users who are not familiar with financial reporting software. However, most users find that with time and usage, navigating the software becomes much easier.

Conclusion

In conclusion, Workiva is a powerful and efficient software for financial reporting and compliance. With its wide range of features and excellent performance, it is a valuable tool for any business seeking to streamline their financial operations. Despite its initial complexity, it proves to be a user-friendly platform in the long run, making it a worthwhile investment for businesses of all sizes.

Highest-Rated Features:

  1. Audit
  2. Custom

Lowest-Rated Features:

  1. Management
  2. Consolidation
Company
Workiva
HQ Location
Ames, IA
Year Founded
2008
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