Internal Controls Management
Connect risk and control information across your enterprise or agency. Achieve greater efficiency and transparency with Workiva.
Transform your risk assessment process
Increase transparency of information in a single scalable environment. Utilise Workiva for risk assurance, organisation frameworks, and commonly used global frameworks, including SOX, COSO and many others.
Leverage a common framework for risk and controls
- Add or update risks and controls without disrupting processes or requiring IT support
- Use integrated comments and workflow to communicate changes without email
- Save time by collecting results and evidence, aggregating and reporting on all risks in a single platform
- Automate your assessment process with an easily customisable certification tool
Ensure accuracy across documentation
Improve control and efficiency in your internal controls. Create a central repository of internal controls where documentation instantly updates as changes are made.
Streamline internal control design
- Link your data to narratives and flowcharts
- Grant role-based permissions to ensure segregation of duties among process, control owners and audit teams down to the process or narrative level
- Track changes made to documents with a complete audit trail and history
- Build and interact with dynamic flowcharts
Streamline collection and testing in a single platform
Automate evidence collection and control testing. Manage supporting evidence requests, and track responses and approvals with a real-time dashboard.
Optimise your testing workflow, and increase transparency
- Optimise testing with random sampling via single or bulk tasks
- Attach samples directly to testing sheets, annotate and communicate test findings
- Simplify markup with drag-and-drop annotations
- Monitor progress, and stay on schedule with real-time result tracking
Create dynamic and informative reports and dashboards
Access up-to-the-minute risk intelligence at your fingertips. Improve transparency, and guarantee reporting accuracy to stakeholders across your organisation.
Deliver in-depth and real-time data
- Easily create personalised and ad hoc reports
- Drill down into supporting data for dashboards and reports
- Track, report and remediate issues identified during testing
- Automate the creation of MI packs for relevant audiences
Automate the certification process
Meet deadlines, and improve compliance. Establish a repeatable process that is efficient, timely and transparent.
Built-in sign-off and certification
- Customise certifications to your company's workflow and deadlines
- Personalise views for stakeholders to receive and validate controls and sign questionnaires
- Leverage templates, schedule reminders and increase process visibility with robust tracking to streamline workflow for control and process owners
- Empower signers and approvers to review, attach support and sign off from any device
We're not having all these versions of one document out there not knowing who did what. That's been one of the game changers.
The support that the Workiva team has always provided has been top-notch.
When you're logging into a system like Workiva, it definitely makes you feel better about your work.
During COVID-19, the corporate finance teams are working from home and the Workiva platform allows us to continue the processes we use the system for rather seamlessly.
For anyone considering Workiva, I’d definitely say 'Go for it'.