Ecclesiastes 5.19
10 years ago
Company Description
Workiva has pioneered a cloud-based and mobile-enabled platform for enterprises
to collaboratively collect, manage, report and analyze critical business data in
real time. Our secure software platform, Wdesk, allows users to integrate and
control all of their business data, regardless of format or
location, with
innovative live-linking technology. Our proprietary, integrated word processing,
spreadsheet and presentation applications, built upon our data engine, allow
thousands of users to collaborate simultaneously on data-linked reports and
documents. Wdesk empowers our customers to dynamically define their business
processes and optimize workflows so that critical data can be reported and
analyzed more efficiently. Our customers can gain insights based on their
trusted data, which enables better real-time decision-making. Additionally, our
customers deploy our solutions to serve as a single system of record for
critical data, to reduce risk and operational costs, and to increase efficiency
in business reporting. As of September 30, 2014, we provided our solutions to
more than 2,100 enterprise customers, including over 60% of both the Fortune 500
and Fortune 100.
Enterprises struggle to manage, report, analyze and understand their
ever-expanding volume of data. Executives need to leverage this data to make
real-time decisions to improve performance and reduce risk. In addition, many
businesses are required to report an increasing amount of disparate information
to a variety of regulators, further straining their ability to produce
meaningful and consistent data and reports on a timely basis. The explosion of
data within enterprises has rendered existing processes and legacy technologies
inefficient at helping users find, understand and report the most critical and
relevant information on a timely basis. To create business reports, many
organizations rely on manual processes, large teams and a variety of point
solutions, such as business productivity, email and general-purpose
collaboration software. Exacerbating these challenges is the continued growth in
size and complexity of many enterprises, which results in employees and data
spread around the world. The stakes for enterprises are high; reporting
incorrect, incomplete or untimely information exposes organizations to potential
liability, reputational risk and a weakened competitive position.
Workiva empowers organizations to address these challenges by providing a
cloud-based and mobile-enabled platform that we believe is fundamentally
changing the way people work. Our Wdesk product platform allows multiple users
to simultaneously create, review and publish data-linked documents and reports
with greater control, accuracy and productivity than ever before. We offer our
customers solutions for compliance, risk, sustainability and management
reporting, as well as enterprise risk management. Underlying these solutions is
our scalable, enterprise-grade data engine that collects, aggregates and manages
our customers’ unstructured and structured data.
Wdesk allows users to work anytime from anywhere with an internet connection,
enabling them to:
. Create trusted datasets that are linked and aggregated throughout Wdesk
documents, spreadsheets, presentations and reports.
. Control access to datasets, reports and workflows throughout the organization
and beyond.
. Collaborate among thousands of users working in real time in a cloud-based
workspace.
. Present critical data and reports to internal and external constituents.
. Decide with confidence based on trusted data and reports, enabling better
and faster decision-making.
Wdesk allows users to define, automate and change their business processes in
real time for what they need, when they need it, with little or no involvement
from IT personnel. Our proprietary data engine includes live-linking technology
that enables users to automatically propagate any changes to data, including
numbers, text, charts and graphics, across every instance in which that data
appears in the Wdesk workspace. Live-linking allows customers to use trusted
data to more quickly and accurately produce and update business reports. [color=]Wdesk [/color]
provides accountability and transparency through a detailed audit trail that
tracks every change made by any user over time. Control is robust, with
customized permissions for each user to read, write and edit specific sections
of documents.
In March 2013, we launched our Wdesk platform, under which we currently offer
solutions for compliance, risk, sustainability and management reporting, as well
as enterprise risk management. We developed these solutions to address our
customers’ immediate challenges. Our first solution was focused on reports filed
with the U.S. Securities and Exchange Commission (SEC). SEC filings, such as
Form 10K, Form 10Q and proxy statements, are lengthy and complex documents
that require significant collaboration across multiple business functions and
external constituents, including auditors and lawyers. Our SEC solution enables
customers to automate and improve their regulatory filing process. We have
continued to add solutions to the Wdesk platform over time by identifying
markets where Wdesk can address a wide range of critical business challenges for
our customers. We employ a rigorous process to validate and prioritize new
solution areas based on the number of customers that could benefit from a new
solution and our assessment of Wdesk’s ability to address that challenge.
Our technology is enterprise grade and developed to perform at scale. Wdesk
utilizes the Google Cloud Platform, which enables us to scale our compute and
storage capacity on an as-needed basis. We can deploy incremental changes to our
customers on a daily basis by employing a continuous delivery process supported
by Agile software development methodologies and a proprietary quality assurance
process. As a result, all of our customers operate on the latest version of our
platform, and upgrades are applied with minimal disruption to ongoing
operations. In addition, in order to keep our customers’ data secure, we have
developed advanced data security protocols that augment the standard security of
the Google Cloud Platform. Our architecture has proven scalability for global
enterprises, as well as advantages in reliability and cloud delivery.
Our “land-and-expand” sales strategy focuses on acquiring new customers and
growing our existing customer relationships. We seek to “land” new customers by
using a direct-sales model. Our customer success and professional services teams
help our account managers “expand” our existing customer relationships by
providing advice and best practices that enable users to harness the full power
of Wdesk. We believe our sales strategy positions us to build relationships over
time as we add new users and solutions and expand to additional markets and
geographies.
Many of the largest and most demanding enterprises in the world are our
customers. Our customers span a variety of industries and include Philip Morris
International Inc., Kinder Morgan, Inc., Viacom Inc., JPMorgan Chase & Co., Eli
Lilly and Company, The Boeing Company, Tyco International Ltd., CenturyLink,
Inc., Avis Budget Group, Inc., Wal-Mart Stores, Inc., and AR Capital, LLC.
We have a broadly diversified customer base; our largest customer represented
less than 2% of total revenue in 2013. We believe that we have exceptional
customer satisfaction, as evidenced by our subscription and support revenue
retention rate of 97.3% (excluding add-on seats) for the twelve months ended
September 30, 2014.
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WebFilings LLC was formed in California in August 2008. In July 2014, we changed
our name to Workiva LLC, and we converted into a Delaware limited liability
company in September 2014. Prior to the effectiveness of this registration
statement, Workiva LLC will be converted into a Delaware corporation and renamed
Workiva Inc. Our principal executive offices are located at 2900 University
Boulevard, Ames, Iowa 50010, and our telephone number is (888) 275-3125. Our
website address is www.workiva.com.
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