With changing business dynamics, financial institutions are adopting technologies like cloud, mobility, and analytics to ensure error-free financial forecast of an organization. However, enterprises are facing challenges in managing and securing financial data. According to a 2016 IT Trends Study by the Society of Information Management, organizations identified that alignment between IT and the rest of the business and security is their primary issue in IT management. For hassle-free IT management, Workiva allows financial institutions to aggregate and analyze financial and non-financial data across the enterprise in a single, data-linked platform. It helps companies accurately forecast and evaluate an organization’s financial progress.

Headquartered in Ames, IA, the company offers Wdesk, a cloud-based productivity platform for collecting, linking, reporting, and analyzing business data across the enterprise. Wdesk’s simplicity saves a significant amount of time by streamlining the collection of financial and non-financial data. This ensures that customers invest their valuable time on data analysis, rather than aggregating data from spreadsheets, documents, and reports floating through email, shared drives, or outdated software. “Wdesk lets you establish connections between various pieces of data and portions of documents. When a change is made in one place, it updates all the connected pieces instantly,” says Matt Rizai, Chairman and CEO, Workiva. The platform provides its customers with the ability to monitor every change made in the documents or project. “Everything in Wdesk has a record, enabling management to have a full audit trail,” says Rizai. The platform also fills process gaps and minimizes operational risk by connecting disparate data sources. “With Wdesk, teams no longer need to use multiple versions of reports floating around via email. With one version in a data-linked environment, they can trust their data,” says Rizai.

Every business needs an integrated environment for smooth workflow.