FINANCIAL STATEMENT AUTOMATION

Update financial statements automatically with connected data.

Simplify the monthly financial statement grind with the Workiva platform—automate tedious tasks and let the real work begin.

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Stop wasting your time collecting data, and start connecting data with the Workiva platform. Map your accounts from multiple systems, entities, or ledgers to a single spreadsheet so everything comes together cleanly—and automatically. Clean and transform data to assemble monthly and quarterly financial statements. Refresh your connected data and see updates everywhere in seconds, with every change.

Connect data, instead of just collecting data

Increase accuracy and consistency with data connected directly to your statements from your systems and sources. No more copy and paste headaches or death by data gathering.

Streamline your data prep all in one place

Everything is in one location, making it easy to prepare, summarize, and slice from millions of rows of data instantly. Plus, do it all as a team, at the same time, and in a single place.

One-click updates, real-time data

With a single click, changes in data can be automatically updated across all reports in seconds—including any last-minute edits to numbers and text.

Reliable, up-to-date data when you need it

Reduce risk of error and have a single source of truth across your data by connecting directly to your ERPs, general ledgers, and other sources. Flow the information from your income statements and balance sheets into your statement of cash flows and all the analysis that depends on it.

In addition, with automated audit trails, you’ll get complete visibility into where your data came from—and where else it’s used.

Data and commentary gathering made easy

Pull data from any system or source, and decide how it should be configured as part of the financial statements. Collect and aggregate data and supporting commentary from all collaborators, all in the same platform.

Right people, right place, right permissions

Assign edit or view-only access to contributors—as well as internal and external stakeholders—down to individual cells, slides, and sections. Stop worrying about unseen changes, and get full visibility into who made what change and when across the entire life of financial statements.

Less stress each cycle

Eliminate common causes of errors, such as copying and pasting across docs and passing around outdated versions. Shorten reviews, keep the team happy, and sleep easier at night. With data connected to your sources and systems, last-minute edits to numbers and text flow through all your reports within seconds automatically.

Have confidence in your data and commentary knowing your reporting is connected in a single location.

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Management Reporting

How to Turn Income Statements & Balance Sheets into Faster Analysis

6 min read

Dominick Fatibene

July 30, 2020

Monthly income statements and balance sheets drive every other report and presentation down the line, so one misstep can slow down the entire team. Here's how to accelerate the preparation of these key financial statements so you can jumpstart analysis.

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Financial Reporting

Truth and trust at scale. We deal with the complexity so your team doesn't have to.

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FINANCIAL STATEMENT AUTOMATION

Update financial statements automatically with connected data.

Connect data, instead of just collecting data

Streamline your data prep all in one place

One-click updates, real-time data

Reliable, up-to-date data when you need it

Data and commentary gathering made easy

Right people, right place, right permissions

Less stress each cycle

Explore more ways Workiva can help.

Thousands of organizations are transforming the way they work.

More ways to get the most from our platform.

How to Turn Income Statements & Balance Sheets into Faster Analysis

Create Better Statements of Cash Flows

Management Reporting Brochure

How to Prepare Statements of Cash Flows (The Right Way)

Financial Statement Automation Datasheet

Truth and trust at scale. We deal with the complexity so your team doesn't have to.

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