Wdata Recognized for Innovation in the Office of Finance

Workiva (NYSE:WK), a leader in data collaboration, reporting and compliance solutions, today announces that Wdata has won a 2018 Digital Innovation Award in the Office of Finance category by Ventana Research. This award recognizes a vendor that best exemplifies innovation in applications and technologies that support the office of finance.

"Companies with expensive Enterprise Resource Planning (ERP) systems still rely heavily on manual processes to analyze and report performance data. The problems associated with these manual processes are driving the need for financial transformation in the office of the CFO," said Marty Vanderploeg, CEO of Workiva.

"Wdata – which includes our new data prep tool, data connectors and APIs – enables our customers to bring large amounts of data into our Wdesk platform," said Vanderploeg. "Wdata removes manual steps in the reporting and analysis process after data leaves our customers' ERP systems and enables data assurance throughout the entire process with an immutable audit trail."

Wdata is built for finance teams to gather, prepare and interpret massive datasets from cloud, on-premise and hybrid structured systems and desktop spreadsheets as well as Wdesk spreadsheets. With an easy, drag-and-drop experience, users are able to centralize data from diverse sources – including systems for ERP, human resources, sales, operations and governance, risk and compliance (GRC) – into a secure, cloud platform.

"Financial transformation begins with Wdata and ends with Wdesk," said Vanderploeg. "Our customers are able to eliminate data errors by ensuring quality and control throughout the entire financial reporting and analysis process – from initial discovery to final reports for management, boards and regulators."

Winners of the annual Ventana Research Digital Innovation Awards are selected based on innovations in their technology that help organizations advance productivity and outcomes of their business or IT processes.