Workiva XBRL

Connect data, automate reporting, and ensure compliance with confidence.

by Workiva · Financial Planning & Analysis

Workiva XBRL screenshot

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

Workiva Inc. is a global software-as-a-service (SaaS) company that provides a cloud-based platform for connected data and reporting compliance, enabling automation of reporting across finance, accounting, risk, and compliance sectors. Founded in 2008, the company is headquartered in Ames, Iowa, and serves public and private companies, government agencies, and higher-education institutions worldwide.

Founded: 2008 · Headquarters: Ames, Iowa, United States · Employees: 1,001-5,000 · Public

Alternatives to Workiva XBRL

  • ZenLedger by ZenLedger — Simplify crypto taxes, track portfolios, and ensure compliance.
  • Zoho ERP by Zoho — AI-native ERP for comprehensive finance and operations management.
  • Zylo by Zylo — A Unified System of Record for All SaaS. Stop Wasting Budget on Software.
  • Abacum by Abacum — The AI-native FP&A platform built for finance teams.
  • Altair RapidMiner by Altair — A powerful data analytics and AI platform for connecting siloed data, unlocking insights, and accelerating innovation.
  • ApprovalMax by ApprovalMax — Automate smarter. Approve faster. Streamline financial controls with confidence.
  • ARGUS EstateMaster by Altus Group — Property development feasibility, budgeting, and cash flow forecasting software.
  • ARGUS Intelligence by Altus Group — Next-generation CRE investment management and cash flow intelligence platform

Keep researching