Workiva XBRL
Connect data, automate reporting, and ensure compliance with confidence.
Executive Summary
Workiva XBRL is a cloud-based platform designed to unify financial, regulatory, and ESG reporting processes for large enterprises and mid-market organizations in highly regulated industries. It streamlines XBRL compliance by enabling data tagging, connecting data across disparate systems, and automating reporting workflows. The platform's key value lies in improving efficiency, transparency, and reducing reporting risk, leveraging AI for enhanced accuracy and insights.
Use Cases
- SEC Reporting (10-K, 10-Q, 8-K filings with XBRL/iXBRL)
- ESEF Reporting (European Single Electronic Format)
- SOX Compliance and Internal Controls Management
- ESG Reporting and Assurance
- Annual and Interim Financial Reporting
- Capital Market Transactions
Features
Visibility
- Real-time Collaboration & Version Control: Enables multiple users to work simultaneously on documents with real-time updates, full version history, and blacklining capabilities to track all changes.
- Comprehensive Audit Trails: Maintains a meticulous record of all tasks, actions, and changes within the platform, ensuring traceability and audit readiness for regulatory compliance.
- XBRL Review Process: Facilitates a collaborative review and approval workflow for XBRL facts, monitoring changes and flagging items that require re-verification.
- Data Linking Across Documents: Connects data points across various documents, spreadsheets, and presentations, ensuring consistency and accuracy without manual copy-pasting.
Intelligence
- XBRL Outlier Detection: Machine-learning-powered feature that identifies XBRL tag selections that vary significantly from industry peers, helping filers review and ensure appropriateness.
- SEC Filing Intelligence: AI-powered tool for benchmarking 10-K disclosures against peers, summarizing key themes, and assisting in drafting compliant language.
- AI-Powered Workflow Automation: Automates repetitive tasks, orchestrates workflows, and assists in defining test steps and compliance activities based on complex regulations.
- Intelligent Companion & Chat Assistant: Chat-based AI assistant integrated across the platform to help users generate responses, summarize content, and interact with data.
Support
- 24/7 Global Technical Support: Provides round-the-clock assistance via phone with Workiva experts and professional translators in over 190 languages.
- Dedicated Customer Success Managers (CSM): Customers receive personalized guidance and support from a dedicated CSM to maximize platform value.
- Learning Hub & Community: Extensive online resources including help articles, self-guided e-learning modules, and a community forum for peer interaction and knowledge sharing.
- Professional Services & Training: Offers expert professional services for XBRL/iXBRL consulting, implementation, and specialized training sessions.
Technical Specifications
- Architecture
- Cloud-native SaaS, unified platform for connected reporting
- Deployment
- Cloud/SaaS
- Authentication
- SSO, SAML 2.0, MFA, granular access controls
- API Available
- Yes
- MCP Server
- No
Infrastructure
- Google Cloud (for LLMs)
- AWS (for LLMs)
- Microsoft Azure (for LLMs)
AI/ML Stack
- LLM
- Machine Learning
Integrations
- SEC EDGAR
- HMRC
- Microsoft Office
Security & Compliance
Certifications: SOC 2 Type II, ISO 27001, FedRAMP, GDPR
Encryption: AES-256 at rest (implied), TLS 1.3 in transit (implied), End-to-end encryption
Pricing
- Model
- Custom enterprise subscription, value-based
- Starting Price
- Contact sales
- Target Customer
- Mid-market to Enterprise
- Contract Type
- Annual, Multi-year discounts available
- Free Trial
- Yes, Custom demo (credit card required)
About Workiva XBRL
Workiva Inc. is a global leader in connected reporting and compliance solutions, specializing in XBRL (eXtensible Business Reporting Language) and Inline XBRL technologies. The company offers a cloud-based platform that enables organizations to streamline financial reporting, enhance data transparency, and ensure regulatory compliance. Workiva's solutions are utilized by thousands of enterprises worldwide, including over 75 percent of Fortune 500® companies, to manage complex reporting processes efficiently.