Workiva Review
Our score 8.95
What is Workiva?
A Powerful Software for Streamlining Business Processes
As someone who works in a corporate environment, I am constantly on the lookout for tools and software that can help optimize and streamline our everyday processes. In my quest for the perfect solution, I recently came across a remarkable software that has completely revolutionized the way we manage our policies, audits, financial close, and performance management - without the need for any external plugins or add-ons.
SAP Store Software
This software is not only easily accessible through the SAP Store, but it also integrates seamlessly with various SAP systems. This enables us to work with our existing data and workflows, saving us from the hassle of manual data transfers and duplication.
Policy Management Software
One of the standout features of this software is its comprehensive policy management functionality. The ability to create, version, and distribute policies across our organization has never been easier. The software offers robust collaboration tools, allowing multiple stakeholders to contribute and review policies, ensuring that we maintain compliance and stay up-to-date with industry regulations.
GRC Platforms
In terms of GRC (Governance, Risk, and Compliance) platforms, this software truly excels. It provides us with a centralized platform to manage and track risks, controls, and compliance activities effortlessly. Its user-friendly interface and intuitive design make it a breeze to navigate, even for less tech-savvy individuals.
Disclosure Management Software
For those of us involved in financial reporting, the disclosure management capabilities offered by this software are truly impressive. We can easily create and organize our disclosure documents, collaborate with multiple teams, and ensure accuracy and consistency throughout the process. The software even provides real-time tracking and notifications, enabling us to stay on top of important deadlines.
Audit Management Software
The audit management features provided by this software are a dream come true for auditors. From planning and scheduling audits to tracking findings and managing remediation, every step of the audit process is seamlessly integrated into the software. The ability to generate detailed reports and analytics has undoubtedly enhanced our audit capabilities.
Financial Close Software
When it comes to financial close, this software provides us with all the tools we need to ensure a smooth and efficient closing process. The robust automation features significantly reduce the risk of errors and improve our overall productivity. We no longer have to spend hours manually reconciling data - the software does it for us in just a few clicks.
Corporate Performance Management (CPM) Software
In terms of corporate performance management, this software offers a wide range of features that help us monitor and analyze key metrics accurately. From budgeting and forecasting to tracking actual performance against targets, the software provides us with comprehensive insights into our business's financial health. The ability to create customized reports and dashboards has been an invaluable asset for our management team.
Budgeting and Forecasting Software
Finally, the budgeting and forecasting capabilities of this software have truly impressed us. The software allows us to create detailed budgets, forecast future trends, and perform what-if scenarios effortlessly. The ability to collaborate with multiple stakeholders and track budget variances in real-time has greatly improved our financial planning processes.
Key Features:
- Seamless integration with SAP systems
- Comprehensive policy management functionality
- GRC platforms with centralized risk and compliance management
- Efficient disclosure management capabilities
- Streamlined audit management processes
- Automated financial close procedures
- Comprehensive corporate performance management tools
- Easily manage budgeting and forecasting
Frequently Asked Questions:
- Can I use this software without SAP systems?
No, this software is specifically designed to integrate seamlessly with SAP systems. It leverages existing data and workflows, ensuring maximum efficiency and accuracy. - Does the software offer customization options?
Yes, the software allows for extensive customization. Users can create customized reports, dashboards, and workflows to suit their specific business needs. - Is the software user-friendly?
Absolutely! The software features an intuitive interface and is designed with user experience in mind. Even individuals with limited technical expertise can navigate and utilize the software easily. - Does the software provide customer support?
Yes, the software vendor offers excellent customer support. They have a dedicated support team that is always ready to assist with any issues or queries.
Overview of Workiva
Overview of Workiva Features
- Marketing reports
- Disclosure management
- Real-time dashboard
- Ad Hoc reports
- Version control
- Review capabilities
- Resolution and recovery plans
- Archiving & retention
- Control self assessment
- Data linking
- CASS RP
- Export & reporting
- Financial reports
- Document management
- Data management
- Risk assessment
- Approval process management
- Sign-off and certification
- ORSA
- Insurance management
- Real-time data
- Sales reports
- Digital records
- Statutory account reporting
- Stress testing
- Collaboration
- Business processes
- ICAAP/ILAAP
- Schedule automatic reminders
- Single source of truth
- Environmental compliance
- Controls testing
- Data consistency
- Solvency II
- Instant updates
- Collection and testing
- Finance and accounting
- History and audit trail
- Sarbanes-Oxley compliance
- Status tracking
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