What is Workiva?

Workiva is an enterprise software company based in Ames, Iowa, that provides a comprehensive platform for financial reporting, compliance, and risk management. Their solutions help organizations streamline complex reporting processes, enhance data accuracy, and ensure regulatory compliance, allowing teams to focus on more strategic tasks.

How much does Workiva software cost?

Based on Vendr’s internal transaction data for Workiva, the minimum price varies based on a company's specific needs. However, the maximum price for Workiva software can reach up to $7,362,095. Our data reveals that the average cost for Workiva software is about $228,024.71 annually.

Workiva Product Descriptions

Annual and Interim Financial Reporting Software

This Annual and Interim Financial Reporting Software from Workiva provides fast, reliable reporting so teams in the public and private sectors can focus on more fulfilling work than copying and pasting. With this platform, you can access up-to-date data with ease, link data across financial reports, and update all linked locations at once for greater accuracy and credibility.

Annual Reporting with ESEF Reporting

Workiva's ESEF Reporting Software simplifies the process of delivering assured integrated reporting of financial and ESG data for CSRD compliance in iXBRL format for ESEF compliance. It streamlines complex reporting processes involving multiple data sources, contributors, and reviewers, reducing the risk of human error and saving time and money.

Banking Regulatory Compliance Software

Banking Regulatory Compliance Software from Workiva helps organizations reduce financial and regulatory risk while streamlining internal reporting lifecycles. It offers automated workflows for increased accuracy and connectedness, enabling organizations to maintain higher standards of data accuracy.

Other products include Board Report Creation, Energy and Utilities, Enterprise Risk Management (ERM), ESG Reporting, FERC Reporting, Financial Close Reporting, Global Statutory Reporting, Governance, Risk, and Compliance (GRC), Government, Higher Education, Insurance Reporting, Internal Audit Software, Internal Controls Management Software, Management Reporting Software, ParsePort, SEC Reporting Software, SOX Compliance Software, and Workiva.

Vendr community insights for Workiva

Here are some recent insights from our community regarding Workiva:

• "We were able to get better payment terms upon renewal."
• "Supplier would only provide 2% savings for prepaying for a 3-year term even though we have experienced 15% prepayment savings with this supplier previously."

How can I get a percentage off list price for Workiva?

Vendr customers typically achieve lower prices than those listed on the Workiva software official website. By leveraging our expertise from completing over 40,000 deals across 5,000 suppliers and $4B+ in software spend with an average savings of 11%, we will ensure you always pay the best and fairest price.

How does Vendr help me get the lowest price on Workiva?

Vendr uses insights from more than 50 unique purchasers and over 80 completed deals to help users get the lowest price on Workiva software. Here’s how we do it:

• Expected Growth: We leverage your company's growth projections to negotiate better terms.
• Economies of Scale: By pooling demand across multiple clients, we secure lower prices.
• Multi-Year Commitments: Committing to longer terms can result in significant savings.
• End-of-Quarter Signatures: Suppliers are often more flexible at the end of their fiscal quarters.
• Quick Sales Process Signatures: Speeding up the sales process can lead to better deals.
• Case Study References: Offering to be a case study can sometimes result in price reductions.

Vendr can assist you in achieving similar savings. Create a free Vendr account today to explore these benefits.

What's the best way for me to get the lowest price for Workiva on my own?

Vendr's Premium Intelligence provides deeper community insights, pricing benchmarks, contract analysis, stack savings review, and SaaS experts on demand to put enterprise purchasing power into the hands of organizations that staff their own procurement teams. Here’s how:

• Community Insights: Access real-world experiences and pricing data from other users.
• Pricing Benchmarks: Compare your pricing against industry standards.
• Contract Analysis: Get detailed reviews of your agreements to identify savings opportunities.
• Stack Savings Review: Optimize your software stack for cost efficiency.
• SaaS Experts on Demand: Consult with experts to navigate complex purchasing decisions.

Why do Department Heads prefer purchasing Workiva through Vendr?

Vendr eliminates unnecessary sales calls, outdated channel partners, and long sales cycles. This results in:

• Faster Access to Software: Get the tools you need without delay.
• Elimination of Unnecessary Sales Demos: Save time by skipping redundant presentations.
• Accelerated Time-to-Value: Start realizing the benefits of your software investment sooner.
• Budget Ownership: Maintain control over your department’s budget.
• Adherence to Company Policy: Ensure all purchases comply with internal guidelines.

This paves the way for department heads to maximize software ROI and maintain strong relationships with their finance and procurement teams.