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Workiva-- An intuitive and effective solution for ESG data management
What do you like best about the product?
We previously had our sustainability data stored on multiple spreadsheets. It became difficult to keep track of all the spreadsheets. Updating data, access issues, editor privleges, multiple versions, etc. Workiva allows us to solve many of these issues. The data collection, analysis, and reporting process is now more streamlined and organized.
What do you dislike about the product?
Although it is mostly intuitive, there is still a bit of a learning curve in terms of using the platform. It's a robust tool with many capabilities, but it takes time to learn how to fully use those functions.
Also, the initial standing up of the program is a big lift. This is not unique to Workiva, but getting all the initial historical data into the program takes time.
Also, the initial standing up of the program is a big lift. This is not unique to Workiva, but getting all the initial historical data into the program takes time.
What problems is the product solving and how is that benefiting you?
Streamlining data collection, management, and reporting.
Serves as a central data repository for all our ESG data.
Serves as a central data repository for all our ESG data.
MK Review
What do you like best about the product?
Ability to collaborate live with a very large team
What do you dislike about the product?
Formula inputs sometimes get wonky and is not as smooth as GSHEETS or Excel
What problems is the product solving and how is that benefiting you?
Ability to collaborate with a larger team
Private company financial statement preparer
What do you like best about the product?
The ability for multiple users to access and work on multiple documents, the permissions options, the comments and formatting functionalities, and linking.
What do you dislike about the product?
Track changes is not different for each person. So if somebody makes a change in track changes, then another person removes that change, you'd never know it was ever there/drafted.
What problems is the product solving and how is that benefiting you?
I wouldn't selected any of the above options... I would say "Financial Reporting".
Workiva allows us to prepare and review our financial statements within a live file, allows us to link financial data and therefore easily update changes to numbers, and can produce word or PDF outputs.
Workiva allows us to prepare and review our financial statements within a live file, allows us to link financial data and therefore easily update changes to numbers, and can produce word or PDF outputs.
Workiva is the best product compared to competitors
What do you like best about the product?
I think Workiva is great, but it takes some time to get used to the functionality. There is so much Workiva has to offer, you just have to take the time to ensure you're utilzing it to the best of it's ability. It is by far the best product in comparison to it's competitors. Quickly updates amounts, easy for reviewers, has ability to connect to your ERP and auto update financials. Great product!
What do you dislike about the product?
There is a learning curve especially around formatting. Doesn't feel like we fully utilize all of Workiva's capabilities. We could use quarterly trainings from Workiva to ensure we are utilizing Workiva to it's full ability.
What problems is the product solving and how is that benefiting you?
Preparing financial statements efficiently
Workiva is an invaluable tool that allows an immeasurable amount of efficiency
What do you like best about the product?
The biggest upside about using workiva is the linking of data from source files to the word docs. Allowing peace of mind when updating a figure or trial balance that the update will take place in every location that the figure exists. Also, the review aspects are extremely helpful. Allowing blacklines to be created based on milestones
What do you dislike about the product?
The only thing I wish workiva would add is the ability to use excel hotkeys and shortcuts on the workiva web app.
What problems is the product solving and how is that benefiting you?
Adding tremendous efficiency to our financial reporting process
I love Workiva so much.
What do you like best about the product?
Workiva has made the Financial Reporting Process so much easier for our company. The ability to link between files, and embedded spreadsheets in presentations and documents has streamlined so many of our processes.
What do you dislike about the product?
Occasionally it can get a bit glitchy and it often lags a little. And I'd love more updates with added formulas, but they are always coming out with new features and updates!
What problems is the product solving and how is that benefiting you?
Workiva has increased the efficiency and accuracy of our Financials Reporting.
Consolidated Reporting Made Simple
What do you like best about the product?
I appreciate how Workiva makes consolidating information easy and how the linking feature helps in managing information across various sources. I find it nice to have control and ensure that the same number is consistent across the financials. The easy preparation of financials and the review features are what I like most about Workiva.
What do you dislike about the product?
It would be nice if you could restore from a previous version, similar to how Excel allows you to restore and continue editing a previous version.
What problems is the product solving and how is that benefiting you?
Workiva helps consolidate information easily and the linking feature ensures consistent numbers across financials, making it easier to prepare and review financials.
Workiva
What do you like best about the product?
I enjoy that it is user friendly, with familiar Microsoft Office-like features. I also enjoy the linking features.
What do you dislike about the product?
It can be glitchy, particularly when it comes to formatting and tables.
What problems is the product solving and how is that benefiting you?
It is an easy solution for us to use to produce our financials statements.
Powerful tool with great customer support
What do you like best about the product?
All the features offered for my daily job, easy to navigage, and timely cusomer support.
What do you dislike about the product?
Minor formatting inconsistencies upon download.
What problems is the product solving and how is that benefiting you?
Enable to prepare SEC filings in the most efficient and effective manner.
financial statement preparer
What do you like best about the product?
user friendly, functionality, collaboration, timely customer support
What do you dislike about the product?
not much. But I wish there could be more functionality added on the Workiva App, i.e. edit numbers, edit texts, linking..
What problems is the product solving and how is that benefiting you?
SEC reporting and filing
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