The Howdy Glossary

Workiva Wdesk is an enterprise data management and reporting platform crafted to help users collect, link, report, and analyze business data within a controlled environment. It specifically addresses regulatory compliance needs such as SOX and SEC reporting requirements while enabling real-time collaboration on documents from various locations through its cloud-based infrastructure. The software caters extensively to finance and accounting departments for tasks like managing performance reports, internal controls documentation, and risk assessment workpapers.

The platform was developed by Workiva Inc., a company founded in 2008 with its headquarters in Ames, Iowa. Workiva specializes in offering cloud-based solutions for data management, reporting, and compliance aimed at streamlining financial reporting processes while boosting collaboration among teams handling critical business documents. The primary goal of Wdesk is to facilitate efficient compliance with financial regulations alongside enhancing the integrity and accuracy of document management through collaborative tools.

Among the competitors in the enterprise data management sector are Oracle Hyperion Financial Management, IBM Cognos Disclosure Management, SAP Business Planning and Consolidation, and Certent Disclosure Management. Despite stiff competition, Workiva Wdesk distinguishes itself with unique features such as real-time collaborative capabilities that maintain document integrity across different locations. Its secure cloud-based platform provides easy access and flexibility for users while encompassing a versatile range of functions necessary for compliance with financial regulations as well as operational finance tasks. These capabilities position Workiva Wdesk uniquely in the market by promoting efficiency through enhanced teamwork along with robust security measures essential for precise data management within organizations.