Welcome to the Workiva Blog

Amplify Europe took place in London with over 150 accounting, finance and compliance professionals from 12 countries joining the event. If you weren’t able to attend, here are seven key takeaways from the event.

In September, the SEC Professionals Group and SOX & Internal Controls Professionals Group hosted U.S. Securities and Exchange Commission Chairman Jay Clayton for a fireside chat and Q&A session.

Chair Clayton spent nearly an hour on stage with Professionals Groups Founder Joe Howell, taking questions submitted by members who were gathered in Texas, many of whom were also attending Workiva Amplify.

For the first time, we are excited to bring a taste of our annual user conference to our customers in London at Amplify Europe. Register now and see what is possible when you connect reporting and compliance first hand.

See why understanding the ESEF taxonomy update process, and its inherent uncertainty, may save you from a lot of unnecessary work.

IFRS 16 is a complex standard to implement. And, it is made even more difficult to apply when taking ghost assets into consideration. Read this blog to see how you can avoid being haunted by this new standard.

4 Lessons from the 2019 State of the SOX/Internal Controls Market Survey

The 2019 State of the SOX/Internal Controls Market Survey is out—if you haven't checked it out, read this article for the top four takeaways. Plus, get your copy of the full report inside.

The Intersection of GRC and Policy Management

GRC pundit Michael Rasmussen explains the importance of policy management and how teams can improve policy and procedure management in their organisations.

The Open Source Inline XBRL Viewer from Workiva: Q&A

With the debut of an open source, free Inline XBRL viewer, Workiva is advancing the goal of providing better financial data for investors and stakeholders. See what it all means.

Prepare for ESEF

The ESEF mandate goes into effect from 1 Jan 2020, and the first submissions will be made in 2021. That may sound like there is still a lot of time, but there are important things you should be doing now to get ready.

ESEF Mandate Roadshow

Interested in learning more about how the ESEF mandate will affect your process and timeline? Register for free and join the Workiva ESEF Roadshow.

ESEF Mandate Fact Check

Interested in learning more about how the ESEF mandate will affect your process and timeline? Register for free and join the Workiva ESEF Roadshow.

The ESEF (European Single Electronic Format) is now present in the Official Journal of the European Union, and therefore law. As a result, there has been an explosion of papers, articles and blog posts (including this one).

More information is generally a good thing, but this is typically when there starts to be signs of confusion.

Digital Strategy for Statutory Nonfinancial Reporting

The disclosure of nonfinancial information is vital for managing change toward a sustainable global economy.

Managing the ESEF Mandate's Impact on Your Annual Financial Report

The 2020 ESEF mandate is likely to change the way your organisation handles annual financial reports. Implementing the right technology can boost AFR efficiency as well.

4 Current and Recent IFRS Implementations You Should Be Aware Of

For most, summer is the time of year when things slow down a bit, and holidays at the beach and picnics in the park take priority.

However, this summer has been a little busier for accounting and finance teams. There are calls for regulatory change in the audit profession. Political uncertainty is working its way into accounting estimates. Plus, organisations are in the middle of the highest number of IFRS implementations in 10 years.

3 Statutory Reporting Risks CFOs and Controllers Need to Know

CFOs and controllers of multinational companies need to trust their local entity reporting. Without the right tools and processes, local mistakes can become global concerns. See why an increase in oversight is critical.

Continuous Improvement in the Financial Close Process

You don't have to settle for "better" when what you really want is "best in class." Bring a mindset of continuous improvement to the financial close reporting process.

How to Successfully Implement Change in Your Financial Close

Change can be scary. Make it more palatable for your team by developing an action plan, testing new procedures, and fine-tuning based on their feedback.

Finding Tools to Improve the Month-End Close Process

Once you have created a financial close process flowchart, you can use it to identify risks, opportunities and the right technology for improving your process. Here is a checklist for evaluating which tools are right for your team.

Spotting Opportunities to Improve the Financial Close Process

Once you have built a flowchart of your month-end reporting process, the next step to simplifying it is to identify risks at each step. That will reveal improvement opportunities, some of which seem to come up over and over.

How to Build a Financial Close Process Flowchart

A process map or flowchart can help teams pinpoint what parts of the close process need improvement. Read how to build a process flowchart for your financial close, step by step.

3 Myths of Outsourcing XBRL Tagging

Outsourcing once seemed like the only way to handle the complex XBRL tagging process. See why companies are now bringing tagging in-house.

Why Teams Choose Workiva and the Cloud: Control

Teams say one reason they choose our connected reporting and compliance solutions is the ease of use and ability to control access to their data and documents, with minimal involvement from IT.

6 Common Questions (and Answers) About the ESMA ESEF Taxonomy

If ESMA ESEF and its related taxonomy seems daunting, read this blog post for answers to frequently asked questions (FAQs) about the ESEF taxonomy.

finance transformation versus stagnation

Dive into results from the FSN Innovation in the Finance Function survey, including three benefits of financial transformation.

Why Teams Choose Workiva and the Cloud: Software Integration

Modernise your organisation's reporting and compliance by connecting data from multiple sources. Workiva software integration makes it easy.

Why Our Customers Choose Workiva and the Cloud: Reliability

Business reporting teams expect their data and files to be there when they need them. See how Workiva implements multiple steps to keep our platform on all the time.

200 best companies to work for 2019

Fortune and Great Place to Work named Workiva to the 2019 "Best 100 Companies to Work For." Read the reaction from Workiva CEO Marty Vanderploeg.

Why Customers Choose Workiva and the Cloud: Efficiency

When deadlines loom, few things are more frustrating than having to wait in line to start work or complete time-consuming processes by hand. Choosing a solution that can boost efficiency is key.

How to Choose a Cloud Financial Close Solution

Looking for a financial close solution? Use these resources to help evaluate your options.

fast roi

By automating manual tasks and streamlining work, Wdata and Wdesk help teams save time and reduce risk in the reporting process.

Wdata Puts the “A” Back in FP&A

Research shows finance teams still struggle with advanced data analytics. See why Robert Kugel of Ventana recommends evaluating Wdata to all companies using Wdesk to create more time for financial planning and analysis.

Why Customers Choose Workiva and the Cloud: Ad Hoc Reporting

When you can respond quickly to ad hoc requests, you can supply timely insights that offer a competitive edge. Reason number five customers choose Workiva and the cloud: ad hoc reporting.

Workiva 2018: Year in Review

See what our customers, employees and partners helped us accomplish in 2018.

sec filing calendar

As you work on filing your 10-K, 10-Qs, 13Fs and other key forms on time, be sure to keep an eye on deadlines for implementing iXBRL.

moving to the cloud part 4

Successful organisations need accounting, finance, risk and compliance processes that can move and grow as fast as they do. Wdesk and Wdata help teams stay on top of reporting requirements and ad hoc data requests.

ifrs 17 update

At the recent International Accounting Standards Board meeting, decision-makers announced a plan to postpone the effective date of IFRS 17.

Of the top reasons customers choose Workiva and the cloud, one that often comes up is data governance. Customers tell us Wdesk has been able to help their organisations manage and use their data with more confidence.

Among the top 10 reasons our customers choose us is security. Workiva has earned FedRAMP authorisation, is compliant with AICPA’s SOC 1 and 2 audits and has implemented safeguards to protect your data.

How Technology Can Improve Statutory Reporting Processes

Why is statutory reporting so complex, and what can companies do to improve the process of report creation? Take a closer look with this in-depth blog post.

Why Our Customers Choose Wdesk and the Cloud: Collaboration

Explore the top 10 reasons our customers choose Wdesk and the cloud. For starters, our collaboration tools for business reporting teams make it easy to access information when you need it, all on one platform.

moving to the cloud

More than 3,000 organisations have found Workiva stands apart among cloud solutions for accounting, finance, risk, and compliance reporting. Read the top 10 reasons customers choose Wdesk, Wdata, and the cloud.

Megan is a Professional Services Team Manager at Workiva. We asked her about XBRL and the time she traveled halfway around the world.

3 Reasons You Shouldn't Lose Sleep Over the CIPC iXBRL Mandate

South African financial reporting professionals might be losing sleep over the CIPC iXBRL mandate. Here are three reasons why that isn't necessary.

Guest blogger Gary Simon shares results from a recent FSN Survey. See why CFOs are looking to innovate in the finance function—and what's standing in their way.

internal control and documentation

A recent SEC finding yields some important reminders for internal control and audit professionals.

Why Statutory Reporting Is Ready for Digital Transformation

Statutory reporting is a complex process, requiring the disclosure of both financial and nonfinancial data to meet ever-evolving regulations. Read how compliance teams can streamline their statutory reporting.

Your Guide to the 2018 US GAAP Taxonomy Update

The SEC released the 2018 US GAAP Taxonomy. Take a closer look at the disclosure changes that are most likely to impact filers.

What You Need to Know About the ESMA Mandate & ESEF Reporting

Take a closer look at the new digital transformation regulations from ESMA.

Guest Post: A Call to Action for SOX Nerds

In this guest post, David Gamble, the head of SOX for a large public utility, describes his passion for internal controls.

cfo reporting best practices

Are you responsible for delivering management reports filled with financial data and analysis? Ask yourself these five questions before preparing your next corporate management report.

spring cleaning process improvements

Is process improvement an area of focus this year? Check out a few spring cleaning tips to help you achieve your 2018 digital transformation.

7 steps successful sec ifrs adoption

SEC filers from countries around the world filing with the IFRS Taxonomy need to be prepared to submit annual reports with XBRL for fiscal years ending on or after 15 Dec 2017. Find out how you can be prepared.

workiva 2017 year in review

2017 was filled with record numbers, unforgettable moments and a little fun. Watch the video to see highlights from the year.

why cfos need to take holistic approach to financial reporting

Your financial reporting processes may be seamless, but without accurate data throughout the reporting supply chain, there is cause for concern. A holistic look at your financial reporting process can help.

Why financial reporting belongs in the cloud

Cloud technologies open enormous doors for financial reporting, and now is the time to get your organisation involved.

5 best practices of boarding reporting

Board of directors demands for high-quality financial and management performance reporting have never been greater, and finance leaders are struggling to keep up. Follow these five best practices to provide the board with the insights they need.

US GAAP 2017 Taxonomy

Now that the 2017 Taxonomy has been approved by the SEC and is supported for filing by EDGAR, here are the notable changes. Go to article.

Inline XBRL (iXBRL)

In March 2017, the SEC voted to propose amendments to require the use of Inline XBRL or iXBRL for public companies and mutual fund filings. On the same day, the SEC also published the IFRS Taxonomy to the EDGAR Filer Manual.

fpa process improvement blog

In this blog post, we highlight the universal reporting challenges faced by finance teams, discuss strategies for improvements and provide suggestions on how to apply the framework to your FP&A process.

automating sox testing blog

Increased regulatory pressure and outdated evidence collection processes are creating problems for SOX teams. Find out the benefits of automating the entire SOX testing process with new technology.

Workiva supports Inline XBRL 


Mike Starr, Vice President, Governmental and Regulatory Affairs, explains Inline XBRL and how it will affect your future filings.

relationship between internal audit and erm blog

Enterprise risk management and audit functions focus on similar aspects of risk, but often take differing approaches. In order to improve risk processes, the two functions must increase collaboration.