Workiva Expands Data Platform, Powering One of the Biggest, Fastest Spreadsheet Applications in the Cloud
SAN DIEGO, Sept. 7, 2016 /PRNewswire/ -- Workiva Inc. (NYSE:WK), a leading provider of enterprise cloud solutions for improving productivity, accountability and insight in business data, today unveiled the evolution of its Wdesk data platform during the opening session of its annual user conference, The Exchange Community, which runs here from today through September 9, at the Manchester Grand Hyatt.
"Our enhanced data platform makes Wdesk one of the largest and fastest spreadsheets in the cloud," said Matt Rizai, Chairman and CEO of Workiva. "Now our customers can do even more."
Wdesk spreadsheets enable users to collaborate in real time with an advanced formula editor that gives them even greater visibility and insight to reduce risk and make better decisions. "The new spreadsheet capabilities augment all of the rich features that our customers have always loved, including versatility, data linking, control and audit trail," Rizai explained.
"We are always innovating to make Wdesk better," said Rizai. "Our data platform will continue to scale all of our Wdesk applications in the future."
Wdesk customers – including National Health Investors Inc., Northrim BanCorp Inc., Raleigh Enterprises LLC, RealPage Inc., RSP Permian Inc. and TowneBank – are among the first to use the newest spreadsheet features.
"The new data platform allows me to increase the volume of data I can reliably deal with inside Wdesk," said Joe Wakham, Director of Financial Reporting at National Health Investors, a Tennessee-based real estate investment trust.
Wakham can now sync his trial balance into Wdesk and create summarized financial statements with linked, cross-sheet formulas. "I have to sync 22 periods of data for 4,500 accounts, and the new Wdesk sync is lightning fast," he added.
Recent improvements also allow users to incorporate Wdesk earlier in their process. "With my old legacy software, I would export the trial balance into a larger spreadsheet and then manually enter each new property and make sure it was grouped correctly," said Wakham. "With Wdesk, I no longer have the old structured spreadsheets setup," he added. "I feel like I have absolute flexibility."
The expanded data platform also makes complicated formulas much easier to read and edit, which helps customers improve calculations and data quality. Users can create, troubleshoot and interpret formulas faster and easier than with conventional formula editors.
"The fact that I can see every detail of formulas, and that they can be linked together, makes all the difference in the world," said Wakham. "It helps me reduce the risk of having an error in a formula."
The expanded data platform is being offered immediately to all Wdesk customers.
About The Exchange Community
The Exchange Community is the annual Wdesk user conference that brings together Wdesk customers and industry leaders for three days of networking, learning and sharing best practices. Conference attendees can earn up to 15 CPE credits. For more information, click here or visit tec.workiva.com.
About Workiva
Workiva (NYSE:WK) created Wdesk, a cloud-based productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. Thousands of organizations, including over 65 percent of the Fortune 500®, use Wdesk. The platform's proprietary word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail. Wdesk helps mitigate enterprise risk, improve productivity and give users confidence to make decisions with real-time data. Workiva employs more than 1,200 people with offices in 16 cities. The company is headquartered in Ames, Iowa. For more information, visit workiva.com.
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