Deloitte and Workiva alliance has been saved
Reduce financial reporting manual processes to increase collaboration and gain valuable time.
Deloitte and Workiva help finance and compliance professionals reduce risk, drive operational efficiency and expand business growth with a collaborative reporting platform that is automated and auditable.
The Deloitte and Workiva alliance supports clients from multiple sectors (Private Equity, Real Estate, Manufacturing, Technology, Media and Telecommunications, Banking, Energy Resources and Industrials, etc.) with their digital financial transformation, allowing them to automate their reporting and compliance functions in an auditable way. We can help your organization create end-to-end visibility in critical reports, and mitigate risk for C-level stakeholders like chief financial officers, chief risk officers, chief compliance officers, financial controllers, and others. We also help extend existing SAP S/4 HANA, Workday, Snowflake, Salesforce and other financial and compliance software with Deloitte solutions built on Workiva’s cloud platform for collaborative reports.
Deloitte has been named global partner of the year two years in a row . Deloitte collaborates globally with Workiva, introducing the company to new customers, identifying new use cases and supporting sales teams. Deloitte has been instrumental in communicating the value of the Workiva platform and helping global customers use innovative technology to help address complex business problems.
Workiva Inc. press release, 20 October 2021.
Navigating risk and managing data integrity and control can be even more challenging when companies utilize outdated compliance and reporting software. Exposure to unnecessary errors and operational inefficiencies can stunt an organization’s growth. The Deloitte-Workiva alliance can help you leverage technology to have better visibility and make informed decisions.
Deloitte helps companies implement, design and customize the Workiva reporting automation platform through value-added services, such as:
We can provide these services for the different report types that can be built on the Workiva platform, including:
Improve global transparency and controls by building statutory reporting requirements on the Workiva platform. Deloitte can create entity-specific templates, redesign statutory reporting processes, provide local guidance support, and set up multi-ERP connectivity through Wdata.
Improve the ESG reporting collection and collaboration process with Workiva. Deloitte can redesign ESG reports, enhance internal and external data collection, increase connectivity through Wdata, set up reports, and refine the end-state presentation design.
Improve control and centralization while linking with other areas of the Workiva platform. We can redesign and rationalize controls; configure SOX controls, audit analytics and management, Enterprise Risk Management (ERM) and IT compliance in Workiva; and support outsourced internal audit (IA) tests.
Align management reporting in a centralized Workiva platform to improve data quality, report output and collaboration. This can include flash reports, key performance indicator (KPI) reports, board reports and business unit reports, among others. Deloitte can support management report development, rationalization and configuration in Workiva, as well as other related controls.
Benefit from using Workiva for SEC and other financial reports, including statements of cash flows, and leverage Workiva to fulfill eXtensible Business Reporting Language (XBRL) tagging requirements. Deloitte can support the initial design, setup and post-go-live requirements.
Private organizations preparing for an initial public offer (IPO) or special purpose acquisition company (SPAC) can benefit from setting up initial financial statements and disclosures in Workiva to prepare for this change. Deloitte can support initial statement set up and design in Workiva as well as an outsourced reporting preparation.
Improve insurance processes with Workiva. Deloitte can provide process design and Workiva setup services, and regulatory guidance around a variety of insurance reports in the Workiva platform, including insurance statutory reporting, IFRS 17, and more.
Many organizations require custom reports that may not currently exist on the Workiva platform. Collaborating with Deloitte helps organizations design requirements and build custom reports based on their unique needs.
Successfully implementing a solution is more than just technical configuration. Organizations can reconsider, harmonize and simplify their current practices to free up valuable time.
Deloitte combines leading technology, business acumen, and alliances with more than 60 of the world's leading companies to solve clients' challenges.