Workiva named a finalist in the 2019 Cloud Awards

December 20, 2018

The annual Cloud Awards & SaaS Awards recognize and celebrate innovation in cloud-based solutions as a service.

This year, Workiva (NYSE:WK) is a finalist in the Best SaaS Company category (operating outside the US).

Workiva is recognized for changing the way organizations around the world work with their product platform, Wdesk.

Many organizations throughout the world are required to report business data to a variety of regulators, boards and other stakeholders. However, these organizations often struggle to produce accurate and consistent information and reports because their ever-expanding volume of business data is typically spread across hundreds of different sources and stored in incompatible formats. While many enterprises maintain data in a structured enterprise resource planning (ERP) system, International Data Corporation estimates that more than 90% of the data businesses create is “unstructured,” which is defined as unorganized data that resides outside the realm of the ERP.

Legacy processes and disconnected software technologies are inefficient at helping users find, understand and report critical and relevant information on a timely basis. Organizations often rely on cumbersome manual processes, large teams, third-party consultants and a variety of point solutions, such as disconnected word-processing documents and spreadsheets, general-purpose collaboration software and email. The stakes for enterprises are high: reporting incorrect, incomplete or untimely information increases the risks of poor decision-making, legal liability, reputational damage and a weakened competitive position.

Wdesk operates on a scalable, enterprise-grade data engine that enables users to collect, aggregate and manage their unstructured and structured data. With linked data and a full audit trail, managers can trust that Wdesk spreadsheets, word documents, presentations, dashboards and reports are up-to-date and consistent, reducing the risk of reporting incorrect data or taking action based on erroneous information.

Winners will be announced January, 2019.

For the latest information and news, visit The Workiva Newsroom.

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