Workiva Manufacturing Reviews & Insights

Score8.5 out of 10

45 Reviews and Ratings

Community insights

TrustRadius Insights for Workiva are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Business Problems Solved

Wdesk has become an indispensable tool for various teams within the company. The Financial Reporting team relies on Wdesk to file important documents such as the company's 10-K and 10-Qs, while the Legal department uses it for filing Proxy Statements. Additionally, Internal Reporting finds Wdesk useful for filing quarterly press release 8Ks. The program's permissions feature allows for seamless collaboration and input from different departments on each document. As a result, users have expanded its use to involve other groups like Treasury and Legal for their unique filings. While its primary focus is SEC filings, Wdesk is slowly being incorporated into areas such as Certifications and SOX. Users have been utilizing Wdesk for over two years and greatly appreciate the product as a whole, as well as the company's commitment to excellence and transparency in customer service.

With Wdesk's secure cloud-based platform, capturing, preparing, and aggregating financial data from various sources has become effortless. Users have the ability to create and model reports and analyses tailored to their specific needs, all linked to the relevant data. This versatility makes Wdesk an ideal choice for Annual Reports and SEC filings. However, some users have encountered compatibility issues with Word and Excel 2007, as well as challenges related to syncing and file formats. To complement their workflow, certain users have integrated Microsoft Teams alongside Wdesk. The Global Financial Reporting Team relies on Wdesk to prepare essential documents like Earnings Releases, Form 10-Ks, Form 10-Qs, and IFRS financial statements. As other departments witness its potential in streamlining processes such as document control and consistent financial reporting, there is increasing encouragement for wider adoption of Wdesk throughout the organization. Notably, external auditors and legal counsel also utilize Wdesk to review filings and provide valuable feedback.

The benefits of using Wdesk extend beyond financial reporting alone; it also plays a pivotal role in the company's SOX program and serves as the go-to financial reporting tool. Users particularly appreciate Wdesk for its cloud-based functionality, real-time reporting capabilities, and ease of creating tables. By leveraging Wdesk, the financial reporting team has successfully reduced errors and improved productivity in updating financial statements, eliminating the need for manual processes and mitigating inconsistencies. This time-saving aspect is highly valued by users. Overall, Wdesk has proven to be a reliable solution that enhances collaboration, simplifies data management, and empowers teams to deliver accurate and timely financial reports.

Workiva Reviews

2 Reviews

ManufacturingElectrical & Electronic Manufacturing1Consumer Electronics1

Best in-class for SEC reporting

Rating: 9 out of 10

Incentivized

March 29, 2021

Use Cases and Deployment Scope

We use Wdesk for our SEC reporting and for our internal controls (SOX) processes. As such, Wdesk is localized within use of the Finance/Accounting and Internal Audit teams, though there may be interest to increase its use to other departments based on needs/wants. We also have Wdesk used by our external auditors and our legal counsel to review filings and to leave comments/ make redline changes before we finalize documents.

Pros

Integrated Financial Reporting (especially SEC reporting) for less manual work.
Section 16 filings.
SEC filings (preparing and filing SEC documents internally, instead of using a printer).
Security and safeguarding sensitive non-public information.
Continual product improvement and product investment.

Cons

Better out-of-the-box templates for best-in-class reporting and other needs.
Better organization of files within Wdesk.
Better integration of SOX and SEC activities.

Likelihood to Recommend

Wdesk is best suited for companies with demanding SEC filings and documents, with multiple revisions due to auditor/counsel review, and where financial reporting is extremely manual. Wdesk really helps take out the potential errors out of extremely manual processes, and helps automate regular financial reporting by allowing companies to link financial information and build customized flows of their information into financial statements and other documents (such as presentations or other internal reporting).

Verified User

Director in Finance and Accounting (Consumer Electronics company, 501-1000 employees)

Vetted Review

3 years of experience

Wdesk - Harness the Power

Rating: 10 out of 10

Incentivized

October 17, 2017

Use Cases and Deployment Scope

I have been using Wdesk for SEC filings and just recently, involving other groups such as Treasury and Legal to use for their own unique filings such as registration related documents, conflict minerals, proxy etc, . The primary focus is SEC filings but with the recent implementation of Certifications, we are expanding the use of Wdesk in other areas, slowly but surely. Our goal is to expand the use of the Wdesk platform for other important functions such as SOX.

Pros

Data integrity, Using work books to source the same data into various sections of a document is the best feature of Wdesk. The excel like feel of a workbook only makes it even more simple in its use.
Formatting the document to make it printer friendly is a cinch. The final printed product is very sleek and printer friendly.
I use Data collection feature which lets other groups populate different sections of the document for which they have responsibility. For instance, the Treasury group fills out all debt related information. The Stock compensation related information is filled by the controller's group, etc.
Customer Service is one of the best features of Wdesk. Support is right here in the USA and I always can count on my Customer Success Manager or in his absence, any other person, from their team, to provide solution when I am in a bind.

Cons

While I have been using Data Collection for a few quarters now, I still find it a bit of a hit or miss in that templates don't seem to roll seamlessly. I always have some issues which seem to require an override of sorts.
I have also been using the Support Binder feature and while it serves the purpose, I think it can be polished.

Likelihood to Recommend

SEC Filings are a cinch with Wdesk. We are introducing the platform for Certifications, which also seems to be going well. We have a lot of internal reports that we use for slicing and dicing and it is an area that I would like to harness the central workbook to link to but not sure how successful it will be, depending on forecast and budget information that is currently not in Wdesk.

Sandhya Chakrapani

Director, External Reporting in Finance and Accounting at Enersys (Electrical/Electronic Manufacturing, 10,001+ employees)

Vetted Review

5 years of experience

View profile

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Wdesk - Harness the Power

Rating: 10 out of 10

Incentivized

October 17, 2017

Use Cases and Deployment Scope

Pros

Data integrity, Using work books to source the same data into various sections of a document is the best feature of Wdesk. The excel like feel of a workbook only makes it even more simple in its use.
Formatting the document to make it printer friendly is a cinch. The final printed product is very sleek and printer friendly.
I use Data collection feature which lets other groups populate different sections of the document for which they have responsibility. For instance, the Treasury group fills out all debt related information. The Stock compensation related information is filled by the controller's group, etc.
Customer Service is one of the best features of Wdesk. Support is right here in the USA and I always can count on my Customer Success Manager or in his absence, any other person, from their team, to provide solution when I am in a bind.

Cons

While I have been using Data Collection for a few quarters now, I still find it a bit of a hit or miss in that templates don't seem to roll seamlessly. I always have some issues which seem to require an override of sorts.
I have also been using the Support Binder feature and while it serves the purpose, I think it can be polished.

Likelihood to Recommend

Sandhya Chakrapani

Director, External Reporting in Finance and Accounting at Enersys (Electrical/Electronic Manufacturing, 10,001+ employees)

Vetted Review

5 years of experience

View profile