Workiva Review
What is Workiva?
Workiva is an integrated compliance management solution for organizations’ SOX, audit, regulatory, and risk requirements. The cloud-hosted software helps companies save time, avoid risks, and streamline compliance procedures by enhancing communication, transparency, and accountability across teams.
Workiva has data management features to help users generate reports on historical information. The tool uses merged data from various sources, including enterprise resource planning, operational and desktop software.
Workiva also has task management functionalities. Users can build task lists from required data and documentation, as well as create approval, review and revision tasks.
Workiva equips users with solutions to conduct audit-risk assessments via scoping, planning and reporting. The system is also useful in collecting evidence, managing fieldwork and testing collected data.
Show MoreOverview of Workiva Benefits
Workiva creates a central SOX compliance repository where documentation is updated in real time. Testing is conducted in a simple, single, and connected environment where users can enjoy automated workflow and random sampling, use drag-and-drop annotations, and track requests, responses, and approvals. These SOX compliance solutions help organizations avoid risks, gain control, and boost efficiency.
Another SOX compliance benefit is Workiva’s ability to create a repeatable process that are customized to a user’s workflow. This also includes built-in templates and reminders, as well as customizable views to validate controls and sign letters.
Workiva supports risk assessment, planning, workpapers, reporting, and issue tracking in order to simplify internal audit processes. Business owners and audit personnel can also collaborate more effectively via the program’s cloud platform. Users can identify, analyze, and monitor risks, as well as connect risk assessments, audit plans, fieldwork, and reporting. All these enhance standard audit program guides for more efficient decision-making.
Workiva takes an integrated approach to risk management among SOX, audit, and risk teams. Users can collaborate and share risk and control frameworks, testing, risk assessment, and compliance documentation. This helps organizations easily create, modify, and connect risk and control information across teams so that they can manage feedback and upgrade coordination with risk owners throughout the enterprise.
Workiva’s regulatory module helps with reporting of collaborations, linking data, controlling multiple versions, and automatic audit trails to ensure accuracy and give you the ability to publish the most complex risk reports and resolution plans. Workiva streamlines your compliance management activities by combining data, workbooks, presentations, and dashboards in a centralized cloud platform.
Show MoreOverview of Workiva Features
- Ad Hoc reports
- Approval process management
- Archiving & retention
- Business processes
- CASS RP
- Collaboration
- Collection and testing
- Control self assessment
- Controls testing
- Data consistency
- Data linking
- Data management
- Digital records
- Disclosure management
- Document management
- Environmental compliance
- Export & reporting
- Finance and accounting
- Financial reports
- History and audit trail
- ICAAP/ILAAP
- Instant updates
- Insurance management
- Marketing reports
- ORSA
- Real-time dashboard
- Real-time data
- Resolution and recovery plans
- Review capabilities
- Risk assessment
- Sales reports
- Sarbanes-Oxley compliance
- Schedule automatic reminders
- Sign-off and certification
- Single source of truth
- Solvency II
- Status tracking
- Statutory account reporting
- Stress testing
- Version control
Workiva Position In Our Categories
Because companies have particular business-related requirements, it is prudent they steer clear of buying an all-in-one, “perfect” software solution. Regardless, it is nearly futile to discover such a software system even among well-known software solutions. The reasonable thing to do should be to jot down the different important functions that merit deliberation like major features, price terms, technical skill ability of staff members, company size, etc. After which, you should follow through your product research thoroughly. Browse through some of these Workiva evaluations and look into the other software products in your shortlist more closely. Such well-rounded research guarantees you steer clear of poorly fit applications and select the one that delivers all the features your company requires in growing the business.
Position of Workiva in our main categories:
TOP
20
Workiva is one of the top 20 Compliance Management Software products
If you are considering Workiva it might also be sensible to investigate other subcategories of Compliance Management Software gathered in our database of SaaS software reviews.
It is important to note that hardly any software in the Compliance Management Software category is going to be an ideal solution able to match all the requirements of various company types, sizes and industries. It may be a good idea to read a few Workiva Compliance Management Software reviews first as some services can dominate exclusively in a very small set of applications or be created with a very specific industry in mind. Others may operate with an idea of being easy and intuitive and as a result lack complicated elements desired by more experienced users. You can also find solutions that cater to a large group of users and offer a powerful feature toolbox, but that usually comes at a more significant cost of such a software. Make sure you're aware of your requirements so that you get a solution that offers exactly the features you look for.
How Much Does Workiva Cost?
Workiva Pricing Plans:
Free Trial
Quote-based Plan
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What are Workiva pricing details?
Workiva Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
Details on Workiva enterprise pricing plans are given upon requesting for a quote from a sales representative.
User Satisfaction
Positive Social Media Mentions
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Negative Social Media Mentions
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We are aware that when you make a decision to get a Compliance Management Software it’s crucial not only to find out how professionals rank it in their reviews, but also to discover if the actual users and businesses that use it are actually satisfied with the product. Because of that need we’ve devised our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Workiva reviews across a broad range of social media sites. The data is then featured in an easy to understand way revealing how many people had positive and negative experience with Workiva. With that information at your disposal you will be ready to make an informed buying choice that you won’t regret.
Video
Technical details
Devices Supported
- Windows
- Mac
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Workiva?
Workiva integrates with the following business systems and applications:
- Amazon Web Services (AWS)
- Anaplan
- Business Wire
- Fastpath
- Host Analytics
- Intacct
- Sage Intacct
- Oracle Netsuite
- Oracle Gold Partner
- Workday
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