Workiva Expands Wdesk Platform with Digital Support Binders
Next Generation Work-Paper Management Added to Wdesk Productivity Platform Users Can Embed Documents to Verify Data for SEC Reporting
Orlando, FL - September 15, 2015 - Workiva Inc. (NYSE:WK), creator of the Wdesk cloud-based productivity platform for enterprises, today introduced a new feature called Support Binders that creates a digital paper trail for reporting to the U.S. Securities and Exchange Commission (SEC). The feature was released at Workiva’s annual user conference, The Exchange Community, which starts today and runs through September 17.
“Boards, auditors and regulators require proof of data in annual and quarterly reports to the SEC,” said Matt Rizai, Chairman and CEO of Workiva. “Support Binders gives our customers a better way to reference and verify supporting work papers.”
Wdesk users already have the ability to collect, link and share data in spreadsheets, documents and presentations. Now with Support Binders, SEC reporting teams can digitally attach and annotate a variety of substantiating documents to their financial reports.
“Support Binders was created specifically for the SEC reporting market,” said Rizai. “It’s similar to the paper trail functionality in our Evidence Management solution for Sarbanes-Oxley compliance.”
“I find Support Binders beneficial for filing a variety of reports across our business,” said Melissa Bracken, Technical Accountant at Noodles & Company. “Its flexibility gives my team the opportunity to attach and tie-out SEC reports – a functionality unavailable with any other program we have used before.”
Key capabilities of Support Binders include:
- Collaboration - Teams can request supporting documents and track responses in Wdesk with integrated tasking. Once the support is provided, it is automatically attached to the working document.
- Attachments - Users can select any number in an SEC filing that requires support – in a table or text – and directly attach the underlying documents. A range of file types are supported, including .pdf, .jpg, .docx and .xlsx.
- Markups - Users can digitally annotate supporting documents and link markups within documents, making it easier to validate data.
- Exports - Users can export Wdesk workbooks and supporting documents to a Wdesk digital binder that can be sent as one complete file to auditors and other stakeholders.
“We believe that anyone who must gather, share and audit business data will find value in Support Binders,” added Rizai. “It’s a complete digital paper trail all in one place.”
Workiva (NYSE:WK) created Wdesk, a cloud-based productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. Thousands of organizations, including over 65% of the Fortune 500, use Wdesk for risk, compliance or management reporting. Wdesk’s proprietary word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail. Wdesk helps mitigate enterprise risk, improve productivity and give users confidence to make decisions with real-time data. Workiva employs more than 1,000 people with offices in 15 cities. The company is headquartered in Ames, Iowa. For more information, visit workiva.com.
About The Exchange Community
The Exchange Community is the annual Wdesk user conference that brings together Wdesk customers and industry leaders for three days of networking, learning and sharing best practices. For more information, click here or visit TheExchangeCommunity.com.
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