Workiva Achieves FedRAMP Authorization to Operate

Federal Government agencies can choose the Wdesk platform to streamline a wide range of financial analyses and reporting

logo-main-fedramp

AMES, Iowa – July 10, 2018Workiva (NYSE:WK), a leader in data collaboration, reporting and compliance solutions, today announces that it has received Authorization to Operate (ATO) under the Federal Risk and Authorization Management Program (FedRAMP). Workiva, which worked with the Tennessee Valley Authority on its application, is now a FedRAMP LI-SaaS provider, signifying Workiva’s ongoing commitment to meet and maintain FedRAMP’s stringent cybersecurity requirements.

FedRAMP is a standardized, government-wide approach to security assessment, authorization and continuous monitoring for cloud products and services to help agencies migrate their existing systems to cloud-based software. The program also allows agencies to follow the Government’s Cloud First policy that mandates cloud services be assessed and considered first when comparing them to on-premise infrastructure options.

With the new authorization, Federal Government agencies can more easily adopt the Wdesk platform to help streamline a wide range of financial analyses and reporting.

“We look forward to helping Federal agencies find new ways to solve complex data challenges,” said Marty Vanderploeg, CEO of Workiva. “Earning the Authority to Operate from FedRAMP is a milestone for us and recognizes our work to continuously strengthen the security and safety of Wdesk. These efforts benefit all of our customers.”

Wdesk enables users to collaborate at the same time in a controlled environment with a recorded history of every change. Inside Wdesk, data is linked together – in spreadsheets, documents, presentations and reports. Government agencies will be able to rely on the data transparency and consistency that Wdesk provides to help mitigate risk and have confidence in their data-driven decisions.

Workiva offers General Services Administration (GSA) pricing through its Government software distributor, Vertosoft. GSA pricing ensures preferred pricing without the need for bids.

Read full press release here.

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The Wall Street Journal: IPO Market Posts Blistering First Half

BJs

U.S., global IPO fundraising is on pace for one of the best years on record

From WSJ.com: An IPO market that was left for dead just two years ago has come roaring back in 2018, with companies raising public capital at a pace rarely seen in the past two decades.

So far this year, 120 companies have used initial public offerings to raise $35.2 billion on U.S. exchanges. That is the highest volume since 2012 and the fourth-busiest year-to-date on record, according to Dealogic, whose data go back to 1995.

See full, original WSJ.com article here.

SEC Adopts Inline XBRL for Tagged Data

Workiva iXBRL

AMES, Iowa – June 28, 2018The Securities and Exchange Commission (SEC) voted earlier today to adopt amendments to eXtensible Business Reporting Language (XBRL) that will require operating companies and funds to use the Inline XBRL format for financial statements and risk/return summaries.

The amendments, which will go into effect in phases starting in 2019, are expected to improve XBRL data access and quality and eliminate requirements for operating companies and funds to post XBRL data on their websites.

“Workiva applauds the SEC’s decision to require Inline XBRL,” said Marty Vanderploeg, CEO of Workiva. “Inline XBRL is how we advance toward the common goal of providing better data.”

“Our Wdesk customers have the ability to file using Inline XBRL today,” added Vanderploeg. “We are encouraging early adoption of Inline XBRL to enhance the usability of XBRL data.”

Workiva is the leading provider of XBRL software and services, accounting for more than 84% of Inline XBRL facts filed with the SEC in the fourth quarter of 2017. Learn more here.

Wdesk was used to create the first Inline XBRL filing less than three weeks after the SEC began allowing the voluntary format in the U.S. in June 2016. Nine months later, in March 2017, the SEC proposed amendments to require Inline XBRL in filings submitted by public companies and mutual funds that currently file with XBRL. Today’s amendments officially make Inline XBRL a SEC requirement.

Read full press release here.