Workiva

21 Sept 201803:14

Summary

TLDRWorkiva's cloud-based reporting software, Wdesk, revolutionizes data collaboration and reporting, ensuring accuracy and accountability. With Wdata, users can capture, prepare, and connect data for analysis, while Wdesk's real-time collaboration and change tracking provide a single version of the truth. Trusted by Fortune 500 companies, Wdesk links narrative with data, enhancing decision-making. Workiva's customer-centric culture prioritizes employee well-being, fostering a supportive environment that translates to exceptional service and product excellence.

Takeaways

📈 Decision-making is critical and can be influenced by data accuracy, which can have significant consequences.
🔗 Workiva is a leading provider of cloud-based reporting software, aiming to improve collaboration and data integrity.
💼 Their product, Wdesk, enables teams to work together in real-time with a recorded history of every change, enhancing control and accountability.
📊 Wdata helps capture, prepare, and connect data to Wdesk, allowing for efficient reporting and analysis.
🔗 Wdesk integrates data from various systems, both structured and unstructured, into one environment with control and transparency.
📝 Wdesk allows linking of narrative with numbers, which is essential for reporting to executives and boards.
🛡️ The software provides a level of data integrity and accountability that traditional desktop spreadsheets cannot match.
💤 Customers trust Workiva's products, which can lead to better sleep due to the reliability of their data management solutions.
🤝 Workiva emphasizes customer service, with a focus on being a trusted partner that supports customers every step of the way.
🏆 Workiva's culture is centered on employee care and customer success, fostering a positive work environment and community involvement.

Q & A

What is the main challenge mentioned in the script regarding decision-making?
-The main challenge is making decisions with disconnected data and conflicting opinions, where the damage from data errors can be swift and disastrous.
What does the script emphasize the importance of in the context of data?
-The script emphasizes the importance of trust in people and the data they provide, as well as the need for accuracy and accountability in data reporting.
What is Workiva and how does it change the way people work together?
-Workiva is a leading provider of cloud-based reporting software that changes how people collaborate to create and report data with control and accountability through its products Wdesk and Wdata.
How does Wdesk help organizations with their data?
-Wdesk allows organizations to collaborate in real-time on the same version of documents with a recorded history of every change, enhancing data integrity and accountability.
What is the role of Wdata in the Workiva ecosystem?
-Wdata helps users easily capture, prepare, and connect their data to Wdesk for reporting and analysis, ensuring data is linked and manageable within the platform.
How does Workiva's solution handle data from different systems?
-Workiva's solution, particularly Wdesk, brings data from various systems, both structured and unstructured, into one environment with control and transparency.
What benefits does the script claim for using Wdesk?
-The script claims that using Wdesk saves time, reduces risk, and provides peace of mind, leading to better decision-making with more accurate data.
How does Workiva ensure customer satisfaction beyond its software?
-Workiva ensures customer satisfaction by being a trusted partner that stays by their side every step of the way and by providing excellent services alongside its software.
What is the company culture at Workiva as described in the script?
-The company culture at Workiva is based on understanding customer needs, caring about their success, and putting employees first, which in turn enhances customer service.
How does Workiva's focus on employee well-being affect its customers?
-Workiva's focus on employee well-being, including flexibility and work-life balance, results in a positive impact on customer service as the care for employees is passed on to customers.
What is the ultimate goal of Workiva's cloud-based solutions as per the script?
-The ultimate goal of Workiva's cloud-based solutions is to improve the way people work, change their lives by making work smarter, and enable better decision-making.

Outlines

00:00

🔍 The Importance of Data Integrity and Decision-Making

This paragraph emphasizes the critical nature of decision-making, especially in the face of disconnected data and conflicting opinions. It highlights the severe consequences of data errors and the necessity of trust in the data and people providing it. The introduction of Workiva, a cloud-based reporting software, is presented as a solution to these challenges. Workiva's Wdesk and Wdata are described as tools that enable faster, smarter, and better collaborative work, with a focus on control, accountability, and a recorded history of changes. The software is used by thousands of organizations, including over 75% of the Fortune 500 companies, to collaborate on data reporting and analysis. The paragraph also touches on the benefits of using Workiva's software, such as improved data integrity, accountability, and the ability to link narrative with numbers for critical reporting to executives and boards.

Mindmap

Keywords

💡Decision-making

Decision-making refers to the process of selecting a course of action among various alternatives. In the context of the video, it is emphasized as a critical aspect of daily life and work, where choices can have significant consequences. The script mentions that some decisions are easy, while others can take days or weeks, highlighting the importance of accurate data in making informed decisions.

💡Data integrity

Data integrity is the accuracy and consistency of data over its entire lifecycle. The video underscores the necessity of trusting data to its core, especially when it comes to livelihoods and corporate reputations. Data integrity is crucial for avoiding swift and disastrous outcomes from errors, which is a central theme in the video's message about the importance of reliable data.

💡Cloud-based reporting software

Cloud-based reporting software refers to applications that are hosted on remote servers and accessed over the internet. The video introduces Workiva as a leading provider of such software, which allows for collaborative data creation and reporting. This software is pivotal in the modern age of accuracy and insight, as it enables teams to work together efficiently and with control.

💡Control and accountability

Control and accountability are principles that ensure actions are monitored and managed effectively. The video mentions these as key features of Workiva's Wdesk and Wdata products, which allow for collaborative work with a recorded history of every change, thus providing a level of control and accountability that traditional methods lack.

💡Collaboration

Collaboration is the process of working together to achieve a common goal. The video highlights how thousands of organizations, including over 75% of the Fortune 500, use Wdesk to collaborate in real-time on the same version of documents, which is essential for efficient teamwork and data accuracy.

💡Data capture and preparation

Data capture and preparation involve the processes of collecting, cleaning, and organizing data for analysis. The video explains that Wdata helps users easily capture, prepare, and connect their data to Wdesk, which is vital for creating accurate and reliable reports and analyses.

💡Data linkage

Data linkage is the process of connecting data from various sources to create a comprehensive view. Inside Wdesk, data is linked together across spreadsheets, documents, presentations, or reports, allowing customers to build and shape data-linked reports. This concept is central to the video's theme of creating a unified and controlled data environment.

💡Data systems

Data systems are the infrastructure and processes that manage data within an organization. The video notes that data resides in many different systems, both structured and unstructured. Workiva's Wdesk Plus is introduced as a solution to bring this disparate data into one environment with control and transparency.

💡Data accuracy

Data accuracy is the degree to which data is free from error. The video emphasizes the importance of accurate data for better decision-making, as it allows teams to link narrative with numbers, which is critical when reporting to executives and boards. The script mentions that Workiva's customers trust their data, which is a testament to the company's commitment to accuracy.

💡Work/life balance

Work/life balance refers to the equilibrium between an individual's professional and personal life. The video discusses how Workiva puts employees first and gives them the flexibility to achieve a genuine work/life balance. This approach is highlighted as a way to improve employee well-being and, in turn, enhance customer service.

💡Customer trust

Customer trust is the confidence customers have in a company's ability to deliver on its promises. The video stresses that Workiva's customers trust the company as a partner, which is evident in their satisfaction with both the software and the services provided. Trust is a key component of the company's success, as it enables customers to make better decisions with confidence in the data they use.

Highlights

Decision-making is a critical part of daily life, with some choices being easy and others requiring extensive deliberation.

Data errors can have swift and disastrous consequences, emphasizing the need for trust in data and decision-making.

Workiva is a leading provider of cloud-based reporting software, aiming to change global data collaboration.

Wdesk and Wdata are built for control, accountability, and faster, smarter work.

Over 75% of the Fortune 500 use Wdesk for real-time collaboration with a recorded history of every change.

Wdata helps capture, prepare, and connect data to Wdesk for reporting and analysis.

Data is linked within Wdesk in various formats, allowing for dynamic and connected reporting.

Wdesk integrates data from multiple systems, both structured and unstructured, into one controlled environment.

Wdesk enables teams to link narrative with numbers, enhancing reporting to executives and boards.

Customers trust Workiva's software, which is crucial for their peace of mind and decision-making.

Workiva's services are highly praised by customers, in addition to the software itself.

Workiva's company culture is centered on understanding and caring for customer needs.

Workiva prioritizes employee well-being, fostering a supportive and responsive work environment.

Workiva's commitment to employee flexibility contributes to a better work-life balance and community involvement.

Workiva's mission to improve work processes has led to significant positive impacts on people's lives.

Wdesk's cloud-based collaboration saves time and reduces risk by ensuring data accuracy and integrity.

Wdesk provides users with the confidence to make better decisions through trusted data and insights.