ServiceNow is making the world of work, work better for people. The cloud-based platform and solutions deliver digital workflows that create great experiences and unlock productivity for employees and the enterprise. Workiva has connected to the ServiceNow® Finance Close Automation solution that helps reduce risk associated with the close process, increases team satisfaction, and accelerates the month-end close. Finance Close Automation puts “task” in the center of everything, connecting the workflow and automation capabilities of the Now Platform® in a centralized workspace for the finance team to manage all activities related to the close.
Reduce risk in financial close and reporting
The ServiceNow solution enables teams to centralize close tasks and automatically validate journal entries to minimize risk. The connection of the Workiva and ServiceNow platforms enables anyone on the finance team to know the exact status of the close process at any time and connect to Workiva task-related activities directly in context in Workiva documents. This connectivity helps teams streamline workflows, reduce risk, and trust their numbers from record to report.
Achieve a faster close
Rather than chasing other team members with emails asking for updates, teams can build task status and communication into workflows, making this work significantly easier. Teams can sign off on ServiceNow tasks and connect directly to live documents in the Workiva platform. The end result is a faster, easier month-end close without the repetitive, tedious parts of the process.
Connected data and analysis
ServiceNow contains a wealth of data around the financial close process. Workiva can bring that data to life by creating narrative reports with visualization to provide insights and analysis into financial close operations and by connecting tasks directly to specific documents sections in the Workiva platform for close task completion.