Workiva SOX Compliance Solution Surpasses 200 Customers
Growing Number of Organizations Choose Award-Winning Wdesk Productivity Platform to Streamline and Automate Sarbanes-Oxley Reporting
Ames, IA - August 4, 2015 - Workiva (NYSE: WK), creator of the Wdesk cloud-based productivity platform for enterprises, announced today that more than 200 companies – including Casey’s General Stores Inc., Noodles & Company, Pioneer Energy Services Corp., Republic Airways Holdings Inc. and Western Alliance Bancorporation– are now using Wdesk to increase efficiency in documenting, implementing and assessing internal controls over financial reporting as required under the Sarbanes-Oxley Act (SOX).
This announcement comes shortly after Workiva was named one of the 20 Most Promising Enterprise Risk Management Solution Providers of 2015 by CIO Review Magazine.
“Wdesk is an all-in-one solution for SOX reporting that reduces time, costs and risks in an otherwise difficult process,” said Matt Rizai, Chairman and CEO of Workiva. Users can collect data from multiple departments, centralize that information in a linked platform, create and track reports with co-workers, and embed evidence in internal audit work papers.
“With Wdesk, the review time has decreased significantly for our management team, and it improves the audit process,” said Mike Beckner, Director of Financial Reporting/Compliance of Republic Airways. “Our process is now less tedious, and we are confident in our reviews knowing that our information is consistent.”
Enhancements to the Wdesk platform over the past several months have helped drive Wdesk adoption for SOX reporting. Wdesk features include task and evidence management, data collection, flowcharts, visualizations, dashboards, audit trails, templates and expanded mobile compatibility.
“The unique capabilities of Wdesk that appeal to the SOX market are also attracting many new users who work in the areas of Governance, Risk and Compliance (GRC), as well as in related policies and procedures, audit, and risk and controls management,” said Rizai.
These features are among the reasons why CIO Review magazine selected Workiva as a leading company in Enterprise Risk Management.
“Workiva has been on our radar for some time for stirring a revolution in the Enterprise Risk Management space, and we are happy to showcase them this year due to their continuing excellence in delivering top-notch Enterprise Risk Management solutions,” said Harvi Sachar, Publisher and Founder of CIO Review. “Workiva’s solutions continued to break new ground within the past year, benefiting their customers around the globe, and we’re excited to have them featured on our top companies list.”
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 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 950 people with offices in 15 cities. The company is headquartered in Ames, Iowa. For more information, visit workiva.com.
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