Workiva Listed among the Leading Providers of Governance, Risk and Compliance Platforms by Independent Research Firm
Workiva Platform Received the Highest Number of Points in the Strategy Category and the Highest Possible Number of Points in the Audit Management Criterion
Workiva Inc. (WK) announced that the Forrester Wave ™: Governance, Risk, and Compliance (GRC) Platforms Q3 2021 was recognized as a “Leader” was classified. The company’s networked cloud platform enables collaboration and deep integration with existing systems and workflows to simplify auditing, risk and compliance, operations, finance and non-financial reporting for companies around the world.
“Our networked cloud platform is constantly being improved to make it more open, intelligent and intuitive for our customers when they want to solve their complex business challenges”
When evaluating GRC solutions based on 25 criteria, Forrester identified 15 available vendors and subjected them to further scrutiny, analysis and scoring. The study summarizes the results and ranks the solutions based on their ability to meet the current and future needs of auditing, risk and compliance professionals.
Workiva received the highest possible score in 12 criteria, including audit management, interoperability (data integration), vision and planned optimizations.
According to the report, “Workiva is fully addressing the GRC data problem … Its no-nonsense mission of simplifying complex processes is to solve the major GRC pain points – namely, collaboration, reporting and benchmarking. Workiva’s strengths include a productivity suite that can upload documents in their original format by copying and pasting, and an ‘autonomous workflow’ that recommends remediation and compensatory controls based on historical data. “
“Our connected cloud platform is constantly being improved to make it more open, intelligent and intuitive for our customers to solve their complex business challenges,” said Julie Iskow, Workiva’s chief operating officer. “We believe this placement validates Workiva’s position as the global leader in this market to ease the greatest challenges associated with GRC and achieve better returns.”
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