Workiva Tax
Streamline tax provision with automated data, calculations, and reporting for financial statements and filings.
Executive Summary
Workiva Tax offers a connected reporting and compliance platform specifically designed to streamline the complex tax provision process. It automates critical steps from data collection and calculation to the final reporting of current and deferred taxes. This comprehensive solution ensures accuracy and efficiency in preparing financial statements and meeting regulatory filing requirements. The platform integrates seamlessly with various financial and operational systems, allowing for automated data ingestion from ERPs, consolidation, budgeting, and planning tools. By centralizing data and automating calculations, Workiva Tax reduces manual effort, minimizes errors, and accelerates the close process. It supports robust compliance by providing a transparent audit trail and ensuring adherence to evolving tax regulations. Ultimately, Workiva Tax empowers tax teams to gain better control over their tax data, enhance collaboration, and deliver timely, accurate tax provisions, freeing up valuable time for strategic analysis rather than manual data wrangling.
Use Cases
- Automating data collection for tax provision processes
- Calculating current and deferred taxes for financial reporting
- Generating tax provision reports for financial statements
- Preparing tax provisions for regulatory filings and compliance
Technical Specifications
- Architecture
- Cloud platform with governed AI and connected workflows
- Deployment
- SaaS
- API Available
- Yes
AI/ML Stack
- Workiva AI
Integrations
- ERP Systems
- Consolidation Systems
- Budgeting & Planning Systems
- Other Financial & Operational Applications
Security & Compliance
Certifications: SOC 1 Type II, SOC 2 Type II, ISO 27001, GDPR, FedRAMP
Encryption: Data encrypted in transit and at rest
Pricing
- Target Customer
- Mid-Market,Enterprise
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.
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