accelerate record to report with sap and workiva workiva and … · customer satisfaction...
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Accelerate Record to Report with SAP and Workiva
Mike Rost Vice President, WorkivaJason Bargas Director SAP Alliances, Workiva
• Overcome challenges to maintain data assurance throughout the financial close reporting cycle
• Eliminate data silos by bringing together SAP and non-SAP data together in the cloud
• Recognize benefits of connecting data directly to financial statements, disclosures, and related internal reports and presentations
Learning Objectives
Workiva leadership in financial reporting
79%Fortune 500
31.1%of all SEC Filings
3200+customers
1200+running SAP
96%revenue retention
95%customer
satisfaction
“Customers scored Workiva as above average in 10 of the 11 key areas surveyed…all Workiva
reference customers would recommend it to others...”
Workiva was named a Leader in Gartner's 2018 Magic
Quadrant for Cloud Financial Close Solutions
Analyst Recognition: Market Leader
8/10
The Best Trust Workiva
9/10 8/109/10
8/10
8/10
150+
Financial services Health care Technology Cloud services
GovernmentCommunications Manufacturing
Based on 2017 revenue. Data from Capital IQ,
Top banks Top pharmaceutical, biotechnology, and
life sciences
Top technology hardware and equipment companies
Top software and service companies
8/10 Media
Top media and entertainment companies
Top communication services companies
Top automobiles and components companies
Top federal, state, and local agencies
of the world's data was created in the
past two years1
90% $221Bspent on data and analytics in 20182
80%time spent on data
navigation, organization, validation, and reconciliation4
72%share critical desktop spreadsheets across
multiple teams3
More data
More investment
More risk
More disconnect
Lack of data assurance increases business complexity
1IBM Marketing Cloud, “10 Key Marketing Trends For 2017.” 2Represents the combined relevant revenue of the top 5 firms as well as Gartner’s estimates of the current size of the business analytics market. 3McKinsey&Company, "The case for behavioral study." 4 Accenture, "CFOs becoming data doctors."
The Financial Close Process
Record Close Consolidate Analyse Report
The Accounting Close
Statement of cash flows
Structured data
Unstructured data
Financial Close Process
Primary spreadsheets Secondary spreadsheets Key reports
Tax provision
Management reporting
Board reporting
SEC reporting
Business unit reporting
P&L trends
Non-GAAP analysis
Variance/flux analysis
Balance sheet analysis
Investor relations
KPI analysis
Consolidatedtrial balance
Variance/flux analysis
Equity roll forward
Statement of cash flows
10-K
Audit committee
package
CFO review deck
Rounded financials
Earnings presentation
Flash report
Revenue bysegment
Statutory reports
Business unit report
External auditor review
Non-GAAP measures
KPI analysis
Tax provision
EPS
Monthly ops report
Board package
B/S analysis
Inventory analysis
8-K
Blue book
Consolidatedtrial balance
Today’s Financial Close Process
Structured data
Unstructured data
Connected Reporting and Compliance
Docs Sheets Slides Workspaces Workflow
Excel® sync
Linked data
Office® importers Workiva APIs Workiva connectors Data preparation
Reporting Automation
Connectivity
Excel and Office are registered trademarks of Microsoft Corporation in the United States and other countries.
The Modern Financial Close Process
Trial balance
Statement of cash flows
Balance sheet analysis
P&L trends
Variance/flux analysis
Non-GAAP measures
Revenue by segment
Tax provision
Equity roll forward
The Accounting CloseAnalyze Report
ERP
The contents of this presentation are confidential. Copyright © 2019 Workiva.
The contents of this presentation are confidential. Copyright © 2019 Workiva.
Variance analysis
Workiva Streamlines Financial Close Reporting
Management report
Board report
YTD 2018
Actuals BudgetService revenue 32,915 32,526
In-store revenue 21,455 21,115
Online sales 14,908 14,554
Net sales 69,278 68,195
Data connectivity Collaboration Audit trail Ease of use
Cloud platform
Accessible anywhereand any time
Collaboration engine
PowerPoint, Excel, and Word are registered trademarks of Microsoft Corporation in the United States and other countries.
Purpose-built to streamline data management anddelivery
The contents of this presentation are confidential. Copyright © 2019 Workiva.
The contents of this presentation are confidential. Copyright © 2019 Workiva.
The contents of this presentation are confidential. Copyright © 2019 Workiva.
The contents of this presentation are confidential. Copyright © 2019 Workiva.
The contents of this presentation are confidential. Copyright © 2019 Workiva.
Global Agri-Business—Total Economic Impact™
266% ROIOver 3 years
Saved more than $492K
Leveraged Workiva to:
Speed up consolidations(4 days to 1 day)
Achieve payback in less than 9
months
Consolidate work and cutmanual labor
◦ $210K — Financial roll-up◦ $175K — Faster reviews◦ $292K — Management reporting
Source: Huang, H. (2017). "The Total Economic Impact Of Workiva Wdesk: The Benefits Of Streamlining Management Reporting At A Global Agri-Business." Forrester Consulting. Retrieved from: https://www.workiva.com/resources/total-economic-impact-workiva-wdesk-benefits-streamlining-management-reporting-global-agri