Workiva

Where AI and data deliver accuracy, speed, and assurance.

by Workiva · Financial Reporting

Executive Summary

Workiva is a cloud-based SaaS platform that unifies financial reporting, GRC (Governance, Risk, and Compliance), and ESG (Environmental, Social, and Governance) processes. It enables finance, accounting, risk, and audit teams to connect data, automate workflows, and collaborate in real-time, providing a single source of truth with full auditability and version control. The platform leverages AI to streamline complex tasks, enhance data integrity, and accelerate reporting, ultimately reducing risk and increasing transparency for stakeholders.

Use Cases

  • SEC Reporting (10-K, 10-Q, 8-K, 20-F, Proxy Statements with XBRL/iXBRL)
  • ESG and Sustainability Reporting (Carbon Accounting, Voluntary & Mandatory Disclosures, CSRD compliance)
  • SOX Compliance and Internal Controls Management
  • Financial Close and Consolidation
  • Audit Management and PBC Request Automation
  • Board Report Creation and Management Reporting

Features

Visibility

  • Real-time Data Linking: Connects numbers and narratives across documents, spreadsheets, and presentations, ensuring consistency and automatic updates.
  • Centralized Dashboards: Provides real-time visibility into reporting progress, risk status, and control management across teams.
  • Full Audit Trail and Version Control: Maintains a comprehensive history of all changes, comments, and source data, ensuring transparency and audit readiness.
  • Blackline Capabilities: Generates documents showing differences between two versions, crucial for review and compliance.

Intelligence

  • Generative AI for Content Drafting: Assists in drafting content, analyzing language for risk, and accelerating report preparation.
  • Automated Workflow Management: Streamlines tasks, evidence requests, and testing workflows for compliance and reporting processes.
  • AI-driven Inconsistency Detection: Analyzes reports to identify potential inconsistencies and suggests improvements for coherency.
  • Predictive Analytics & Risk Analysis: Supports advanced capabilities including risk analysis and AI-driven forecasting for proactive risk management.

Support

  • 24/7 Global Technical Support: Provides round-the-clock assistance via phone with Workiva experts and professional translators.
  • Dedicated Customer Success Managers (CSMs): Offers personalized guidance and support for customer onboarding and ongoing success.
  • Online Learning Hub & Community: Access to self-guided learning resources, help articles, and a community forum for users.

Technical Specifications

Architecture
Cloud-native SaaS
Deployment
Cloud/SaaS
Authentication
SSO, MFA, browser validation
API Available
Yes
MCP Server
No

Infrastructure

  • AWS

AI/ML Stack

  • NLP
  • Machine Learning
  • LLM

Integrations

  • SAP
  • Oracle
  • NetSuite
  • Microsoft Dynamics
  • Workday

Security & Compliance

Certifications: SOC 1 Type II, SOC 2 Type II, ISO 27001, FedRAMP Moderate, DOD IL2, CMMC 2.0 L1

Encryption: End-to-end encryption

Pricing

Model
Solution-based licensing by modules, custom enterprise pricing
Starting Price
Average cost ~$60K/year with range $36K-$156K
Target Customer
Mid-market to Enterprise
Contract Type
Annual, multi-year discounts available
Free Trial
No (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, United States · Employees: 1000+ · Public