Workiva and KPMG Announce Strategic Alliance to Transform Risk Management, Regulatory Reporting and Compliance Processes

Workiva KPMG

KPMG Report Finds 90 Percent of CIOs and CCOs Plan to Increase Spending to Automate Compliance

NEW YORK – September 18, 2018Workiva, (NYSE:WK), a leader in data collaboration, reporting and compliance solutions, and KPMG LLP, the U.S. audit, tax and advisory firm, today announced an alliance to provide a strategic offering that will help organizations transform and integrate their risk management, regulatory and financial reporting and compliance processes by using the Workiva Wdesk platform.

According to a new KPMG report, Innovating Compliance through Automation, 90 percent of the U.S. chief information officers and chief compliance officers surveyed said they plan to increase spending for compliance automation in the coming years.

“Increased scrutiny from regulatory authorities is stretching organizational resources and the bottom line,” said Greg Bell, Global Cyber Security practice Co-leader at KPMG. “Companies are looking to technology solutions for performance improvements and automation to increase efficiencies in their risk and compliance programs.”

With cloud-based capabilities for automation, synchronized data, controlled collaboration and real-time data monitoring, Wdesk users are able to improve productivity and accountability in their processes for internal controls over financial reporting, risk assessments, regulatory compliance and financial reporting.

KPMG, with its deep functional risk and compliance experience across all industries, helps organizations optimize technology solutions to better manage risk, help achieve process efficiencies and improve internal controls management.

“Pairing our Wdesk platform with KPMG’s technology-risk specialists creates a unified, multidisciplinary solution and team to help customers streamline and automate a wide variety of complex risk, compliance and reporting processes,” said Marty Vanderploeg, CEO of Workiva. “By working together, we will help organizations gain insights, make data-driven decisions and ultimately drive better business outcomes.”

KPMG and Workiva help organizations start, or continue, their process transformation journey to deliver more efficient, effective and integrated risk management and compliance programs. For more information, visit

Read full press release here.

IPO Readiness Workshop in Boston

IPO Readiness Workshop Banner

IPO Readiness Workshop — Boston

Join us over lunch for an IPO workshop built exclusively for executives at emerging growth companies who want to act public before going public.

Kevin Hachey, Director of Capital Markets at Workiva, hosts a diverse panel of experienced, forward-thinking experts who have led clients and investors through recent high-profile IPOs. Panelists will discuss how to approach common IPO challenges, what to consider given the current state of the market, infrastructure planning and execution advice, lessons learned from past deal experiences, and ‘34 Act compliance guidance.

After this workshop, attendees will be able to:

  • Adequately prepare for increased scrutiny post-IPO
  • Determine operational details that impact the preparation for the IPO, including pre-deal road shows and other JOBS Act considerations
  • Develop plans according to the current regulatory environment and IPO, M&A, liquidity, and finance trends

One CPE credit is offered, compliments of Workiva.

Get the advice you need to implement a 21st century process that will help lead your company down the path toward a successful IPO.

October 25, 2018
11:30 a.m.-1:30 p.m. ET

Mastro’s Ocean Club
25 Fan Pier Blvd.
Boston, MA 02210
United States

Register Now

Workiva Wins 2018 Stratus Award for Cloud Computing

STRATUS_AWARD-LOGO-2018AMES, Iowa – August 28, 2018Workiva (NYSE:WK), a leader in data collaboration, reporting and compliance solutions, today announces that it has won a 2018 Stratus Award for Cloud Computing by Business Intelligence Group. The Stratus Awards honor companies, products and people that offer unique, cloud-based solutions.

Workiva was recognized as a 2018 Cloud Integrator for its Wdesk platform. Business Intelligence Group defines a cloud integrator as “an organization, product or service that is focused on helping customers take existing processes, applications and business operations into the cloud.”

“Workiva is honored to be recognized by Business Intelligence Group as a leader in cloud software,” said Marty Vanderploeg, CEO of Workiva. “When we first started offering our software in 2010, many organizations were hesitant to place their data in the cloud. But that has all changed. Today, we have over 3,200 customers, including more than 75 percent of the Fortune 500 companies, that trust our Wdesk cloud-based platform.”

“Workiva is clearly ahead of the pack helping to drive practical innovations in the cloud.”

–Maria Jimenez, Chief Nominations Officer of Business Intelligence Group

“The cloud is now part of all of our daily lives, and the staff and volunteer judges are pleased to shed a little light on these innovative services, organizations and executives,” said Jimenez.

About Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry and business award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

About Workiva

Workiva delivers Wdesk, a leading enterprise cloud platform for data collaboration, reporting and compliance that is used by thousands of organizations worldwide, including over 75 percent of the Fortune 500®. Companies of all sizes, state and local governments and educational institutions use Wdesk to help mitigate risk, improve productivity and gain confidence in their data-driven decisions.

Read full press release here. Boston-Area Startups Are On Pace To Overtake NYC Venture Totals

boston crunchbase


Boston has regained its longstanding place as the second-largest U.S. startup funding hub.

After years of trailing New York City in total annual venture investment, Massachusetts is taking the lead in 2018. Venture investment in the Boston metro area hit $5.2 billion so far this year, on track to be the highest annual total in years.

The Massachusetts numbers year-to-date are about 15 percent higher than the New York City total. That puts Boston’s biotech-heavy venture haul apparently second only to Silicon Valley among domestic locales thus far this year. And for New England VCs, the latest numbers also confirm already well-ingrained opinions about the superior talents of local entrepreneurs.

“Boston often gets dismissed as a has-been startup city. But the successes are often overlooked and don’t get the same attention as less successful, but more hypey companies in San Francisco,” Blake Bartlett, a partner at Boston-based venture firm OpenView, told Crunchbase News. He points to local success stories like online prescription service PillPack, which Amazon just snapped up for $1 billion, and online auto marketplace CarGurus, which went public in October and is now valued around $4.7 billion.

Meanwhile, fresh capital is piling up in the coffers of local startups with all the intensity of a New England snowstorm. In the chart below, we look at funding totals since 2012, along with reported round counts.


In the interests of rivalry, we are also showing how the Massachusetts startup ecosystem compares to New York over the past five years.

Read full, original article here.

Cloudera Streamlines IPO Process with Wdesk

Cloudera IPO

From — When Lauren Tipton arrived at Cloudera two years before its initial public offering, one of her first moves was to take the firm’s financial reporting to the cloud.

Having worked with Workiva for SEC reporting at another software firm, she was not about to go back to using traditional desktop applications, antiquated processes, and clunky email attachments to get work done.

“My favorite way of saying it is that companies pay for very specialized accountants with a relatively niche skill set to work with really outdated tools. It doesn’t make sense,” said Lauren, then a technical accounting and reporting manager for Cloudera.

“Workiva nailed everything from the drafting process to filing to print and distribution. Deal-makers have been waiting for this solution for years.”

-David Bell, Partner, Fenwick & West LLP.

Within her first few months, she implemented Wdesk, the cloud platform from Workiva that helps enterprises collect, report, and analyze business data.

Cloudera started using Wdesk to prepare its quarterly and annual financials, audit committee reports, and presentations.

For Lauren, the time-savings, efficiency, and control were as crucial to improving the private company reporting process as they were to public filings at her previous employer. The improvement was unmistakable.

“Moving from traditional printers to Workiva was like going from typewriter to computer,” Chief Financial Officer Jim Frankola said.

Still, as Cloudera went through the IPO filing process, the impulse was to reach for a traditional solution. “A lot of times in an IPO situation, people want to do what’s been done in the past,” Lauren said.

But Wdesk was working so well for financial reporting, it made sense to use it for Cloudera’s S-1 filing step, too.

It helped that Jim, as CFO, supports innovation and loves technology.

“He’s happy to break boundaries and do things in a different way, so I knew he’d be open to having a conversation.”

Their external legal counsel was on board with using Wdesk after seeing a demonstration of how it could speed up manual processes, in part by enabling more than one person to work on a document at the same time.

“Workiva figured out a way to run an IPO process using current-day workflow,” said David Bell, a partner at Fenwick & West LLP. “They have enabled us to put the days of working on handwritten edits with the delay of a traditional third-party provider into the past.

“Workiva nailed everything from the drafting process to filing to print and distribution. Deal-makers have been waiting for this solution for years,” David said.

Cloudera’s external auditors were already familiar with Workiva, and Lauren was pleased to learn that the bank Cloudera enlisted as advisors had also used Wdesk before. It didn’t hurt that two Workiva team members joined the team in the drafting room as Cloudera worked on its IPO.

“Workiva technology combined with 24/7 support improved the life of the entire working group,” said a managing director for a leading investment bank involved in the IPO.

Although using Wdesk for the IPO meant using a new technology, Lauren saw it as the less risky approach.

“I think the risk is really much less with technology. You don’t send as many attachments, you’re not worried about version control—things like that,” she said.

Cloudera’s controller also was supportive.

“He could see the agility and ease of use, but also how secure it was and how you could still get the visually appealing document the printer gives you,” she said. The team also liked that they could update the filing draft in real time, without having to wait for someone else to make changes for them.

She credits her team for helping Cloudera shift from outdated technology to a more innovative approach. “I’m lucky that I work with people who are willing to do things in a different way,” she said.

Having been involved in SEC document drafting sessions in the past using outdated tools, her CFO walked away impressed.

“Our IPO didn’t feel painful,” Lauren said. “And I think a big part of that was being able to use Wdesk like we did.”

View original web version of the case study here.

Download PDF version of the case study here.