AMES, IA--(Marketwired - Jul 1, 2014) - WebFilings, a leading cloud-based provider of business reporting solutions, is now Workiva. The new name reflects the strong demand for the company's Wdesk product platform that is changing the way people work across the global enterprise. Workiva (pronounced work-eeva) already has more than 2,100 corporate customers, including over 60 percent of the Fortune 500 and Fortune 100.
Workiva disrupted the SEC reporting market four years ago when it transformed the way companies collect, manage, and report critical business data. Today, teams use Wdesk to collaborate on a wide range of compliance, risk, management, and sustainability reports with greater control, accuracy, and efficiency than ever before.
"To keep pace with our customers' needs and meet the growing demand for our solutions beyond SEC filings, it's time to change our name," said Matt Rizai, Workiva Chief Executive Officer. "But changing our company name doesn't change who we are. We're the same people delivering the same world-class customer service and vision for how Wdesk can streamline work throughout the enterprise."
Innovative live-linking technology ensures that Wdesk documents, spreadsheets, and presentations are always synchronized. Wdesk users control their business data by collecting it from a variety of formats and linking it directly to any source required. Coupled with a full audit trail, Wdesk provides users the accountability and confidence they need to create a large variety of documents, reports, and presentations for management, investors, boards, regulators, auditors, and other stakeholders.
WalMart, one of Workiva's leading customers, explains: "Our goal is to continue to produce the transparent, quality reports Walmart is known for. Wdesk's suite of products enables us to operate effectively across different functional teams and makes it possible to get feedback from many people continuously as we prepare the reports," said Debbie Jackson, vice president and assistant corporate controller, Walmart. "Given the complexity of our global business, our reports are very robust and deadline driven. Wdesk allows us to simplify the process and eliminate time-consuming, manual data entry to produce reports more efficiently, with an eye toward accuracy as well."
One reason why Wdesk has been adopted by thousands of corporations is because Workiva places the customer at the center of its design process. "We don't just develop technology -- we listen to our customers and create solutions to meet their needs," Rizai said. "Our constant iteration allows us to release a new version of Wdesk nearly every day."
Recent Wdesk enhancements include:
Improved workflow automation, including data collection, which reduces reporting cycle times.
New Wdesk home with a search function to find files 20 times faster; no more looking through emails and folders.
Offline tablet support that lets users download reports to any tablet for review without a live internet connection.
"Wdesk can dramatically improve staff productivity, reduce costs and errors, and improve turnaround," said Melissa Webster, program vice president for content and digital media technologies at IDC. "Those benefits are compounded when customers leverage Wdesk across departments for multiple use cases."
Wdesk will continue to be the company's product platform for all solutions. Workiva will retain the name WebFilings as an SEC solution in its platform, which currently files more quarterly and annual SEC reports than any other third-party provider.
In addition to strong customer traction across its solutions, Workiva recently completed a significant expansion of its headquarters in Ames, Iowa. The Workiva campus embodies the spirit of innovation that has driven the company's success to date.
Workiva, formerly WebFilings, is a software-as-a-service (SaaS) company founded in 2008 by software and business veterans. Workiva released its initial cloud-based reporting solution in March 2010 to simplify how companies collect data and prepare complex business reports for the U.S. Securities and Exchange Commission (SEC). Workiva now files more quarterly and annual reports with the SEC than any other third-party provider. Workiva released its Wdesk product platform in March 2013 to provide collaborative solutions for compliance, risk, management, and sustainability reporting. Workiva employs more than 800 people with offices in 12 U.S. and 3 non-U.S. cities. The company is headquartered in Ames, Iowa. For more information, visit workiva.com.