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
Knowing that businesses have specific business wants, it is only reasonable that they avoid subscribing to an all-encompassing, ideal software solution. Regardless, it is hard to find such application even among popular software systems. The practical step to undertake would be to list the numerous main factors which necessitate analysis such as major features, costing, skill competence of staff, company size, etc. Then, you should conduct your product research through and through. Browse over some of these Workiva review articles and check out the other software solutions in your list in detail. Such detailed product investigation guarantees you take out mismatched applications and choose the one which provides all the features your business requires to realize efficiency.
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 may also be a good idea to check out other subcategories of Best Compliance Management Software listed in our database of B2B software reviews.
Companies have diverse needs and requirements and no software application can be perfect in such a scenario. It is futile to try to find a perfect off-the-shelf software product that fulfills all your business wants. The wise thing to do would be to customize the application for your unique needs, employee skill levels, finances, and other aspects. For these reasons, do not hurry and invest in well-publicized trendy solutions. Though these may be widely used, they may not be the ideal fit for your particular requirements. Do your research, look into each short-listed platform in detail, read a few Workiva Best Compliance Management Software reviews, contact the maker for clarifications, and finally settle for the product that offers what you require.
How Much Does Workiva Cost?
Workiva Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
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 know that when you choose to purchase a Compliance Management Software it’s important not only to learn how experts score it in their reviews, but also to check if the actual users and businesses that purchased these solutions are actually happy with the service. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Workiva reviews across a wide range of social media sites. The data is then presented in a simple to understand form showing how many users had positive and negative experience with Workiva. With that information available you should be ready to make an informed buying choice that you won’t regret.
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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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